Keppel FELS

Offshore & Marine

Keppel Corp unit clinches offshore wind farm project

Keppel Corp unit announces a contract for two substations on a windfarm
7 people charged with corruption in Keppel FELS-linked case for taking $879,900 in bribes - THE EDGE SINGAPORE

Company in the news

7 people charged with corruption in Keppel FELS-linked case for taking $879,900 in bribes

Anyone found to be guilty of corruption can be fined up to $100,000, jailed up to five years, or both.

Contracts

Keppel and Awilco Drilling part ways on construction of mid-water harsh environment rig contract worth US$425 mil

Keppel FELS has received a notice from Awilco Drilling’s wholly-owned subsidiary Awilco Rig, to terminate a contract to build a mid-water semisubmersible drilling rig for harsh environment use, on Monday.

Offshore & Marine

Keppel O&M enters into framework deed with Borr Drilling

Under the agreement, Keppel O&M will defer the scheduled delivery of five jackup rigs to Borr Drilling to 2022. The rigs will be delivered progressively. Borr Drilling will cover holding costs for all the deferred deliveries.

Deals, joint ventures & alliances

Keppel secures $130 mil worth of contracts from repeat customers

SINGAPORE (July 16): Keppel Offshore & Marine announced that its wholly-owned subsidiaries Keppel FELS and Keppel Shipyard have secured contracts from repeat customers worth about $130 million for a newbuild dredger and the modification of a Floating Prod

Contracts

Keppel wins contract for two offshore wind farm substations from Ørsted

SINGAPORE (May 13): Keppel Offshore & Marine’s (Keppel O&M) wholly-owned subsidiary Keppel FELS has secured a contract from Danish renewable energy company Ørsted for two offshore wind farm substations worth more than $150 million.

Keppel-Aibel consortium wins contract for converter stations

SINGAPORE (May 7): Keppel FELS, a subsdiary of Keppel Offshore & Marine (Keppel O&M), in a consortium with Aibel AS, has secured a contract from TenneT Offshore, a grid operator in the Netherlands and Germany.

Broker's Calls

Keppel kept at 'buy' despite termination of $165 mil rig contract

SINGAPORE (Nov 21): CGS-CIMB Securities is keeping Keppel Corp at “buy” despite Keppel FELS having entered into a settlement agreement with an unnamed oil and gas services company to terminate a $165 million contract for integration works done on a ri

Keppel to sell 5 existing rigs to Borr Drilling for $993 mil

SINGAPORE (May 16): Keppel Offshore & Marine’s (Keppel O&M) wholly-owned subsidiary, Keppel FELS, has signed a master agreement to sell five jackup rigs to Borr Drilling for a total value of US$745 million ($993 million).

Update

Keppel to build mid-water harsh environment rig worth US$425 mil

SINGAPORE (Mar 12): Keppel FELS has won a contract from Awilco Drilling to construct a mid-water semisubmersible drilling rig for harsh environment use, worth about US$425 million ($559 million).
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