Keppel Offshore & Marine (Keppel O&M)

Keppel O&M associate Floatel to merge with Prosafe to ride long downturn

SINGAPORE (June 4): Floatel International, an associated company of Keppel Offshore & Marine (Keppel O&M) which is part of the Keppel group of companies, has agreed to a merger with Prosafe SE.

Prosafe, listed on the Oslo Stock Exchange, is a leading owner and operator of semi-submersible accommodation vessels (flotels) while Floatel delivers offshore accommodation to clients in the oil and gas industry worldwide.

The proposed merge would create the world’s largest offshore accommodation provider with improved services and geographical presence.

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.

The contract comprises detailed engineering, procurement, construction, testing and commissioning for two offshore wind farm 600MW substations but excludes certain electrical components to be furnished by Ørsted.

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.

Under the contract, Keppel FELS will design, construct, install and commission a 900MW offshore high voltage direct current (HVDC) converter station and an onshore converter station.

Keppel FELS’ share of the contract is worth about $560 million.

Keppel wins integration and upgrading contracts worth up to $160 mil

SINGAPORE (Apr 17): Keppel Offshore & Marine (Keppel O&M) has secured integration and upgrading contracts worth a combined value of about $160 million through its wholly-owned subsidiaries.

The first contract is between Keppel Shipyard and a leading operator of oil and gas production vessels for fabrication and integration work on a Floating Production Storage and Offloading (FPSO) vessel.

Keppel to develop first autonomous tug for Singapore waters

SINGAPORE (Apr 9): Keppel Singmarine, a subsidiary of Keppel Offshore & Marine (Keppel O&M) which is part of the Keppel Group, is set to develop Singapore's first autonomous tug.

The project will involve modifying a 65mt tug by retrofitting advanced systems such as position manoeuvring, digital pilot vision, as well as collision detection and avoidance.

An onshore command centre will also be set up to remotely control the tug.

When the project is completed in 4Q20, the tug will be operated by Keppel Smit Towage.

SGX shipbuilders could gain from merger of world's 2 largest yards

SINGAPORE (Feb 4): The integration between Korean mega shipbuilders Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) spells good news for Singapore-listed shipyards.

That’s because with the consolidation, Sembcorp Marine (SMM), Keppel Offshore & Marine (KEP O&M) and Yangzijiang Shipbuilding will get a chance to gain market share in the O&M and shipbuilding space, said CGS-CIMB Securities in a report last week.

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 rig.

According to Keppel, the project was said to be 30% completed and Keppel FELS has been fully compensated.

Keppel O&M subsidiary wins $30 mil contract from KrisEnergy

SINGAPORE (Nov 9): Keppel Shipyard, the wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has won a production barge upgrade contract worth about $30 million for the modification and upgrading of a production barge for KrisEnergy’s wholly-owned subsidiary, SJ Production Barge.

Under the terms of the contract, Keppel Shipyard’s scope of work will include installing a power generation module, Electrical House, new accommodation units, and other refurbishment works for the production barge.

Keppel to build another two LNG carriers for Stolt-Nielsen worth around $105 mil

SINGAPORE (Oct 7): Keppel Offshore & Marine’s subsidiary Keppel Singmarine has signed two additional contracts with Stolt-Nielsen Gas BV, a subsidiary of Stolt-Nielsen, to build two additional small-scale LNG carriers worth a total of around $105 million.

Three options were granted to Stolt-Nielsen Gas as part of the original contract signed in May 2017 between Keppel Singmarine and Stolt-Nielsen Gas to build two LNG carriers. The first option lapsed in November 2017, while the second and third options have now been exercised by Stolt-Nielsen Gas.

Keppel delivers second LNG-powered vessel to Keppel Smit Towage

SINGAPORE (Sept 17): Keppel Offshore & Marine announced that its specialised shipbuilding arm, Keppel Singmarine, has delivered it second dual-fuel tug capable of running on liquefied natural gas (LNG).

The vessel was built for Maju Maritime, which is merged operationally with Keppel Smit Towage, and named Maju Loyalty.

In a media release issued on Monday, Keppel said that the vessel was completed on time, within budget and with a perfect safe record.

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