Keppel Offshore & Marine (Keppel O&M)

Keppel delivers second jack-up rig out of the 10 ordered by Borr Drilling
SINGAPORE (June 13): Keppel Offshore & Marine’s (Keppel O&M) subsidiary, Keppel FELS, has delivered its second jack-up rig for the year to Borr Drilling’s subsidiary Borr Skald – safely, on time, and on budget. The delivery of Skald follows that of Saga earlier this year, with another eight on order. In a press release on Wednesday, Keppel O&M says the latest jack-up rig, ...
Keppel to build Southeast Asia’s first LNG bunkering vessel valued at $50 mil
SINGAPORE (June 5): Keppel Singmarine, a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract from FueLNG to build Southeast Asia’s first Liquefied Natural Gas (LNG) bunkering vessel valued at approximately $50 million. Scheduled for completion in 3Q20, the dual-fuel LNG bunkering vessel will have a capacity of 7,500 cu m. The vessel will be ...
Keppel Corp reveals Van Oord contracts valued at $212 mil after SGX query
SINGAPORE (May 23): Keppel Corporation revealed Wednesday that the contracts won by Keppel Singmarine to build two high-specification Trailing Suction Hopper Dredgers (TSHDs) for Van Oord are valued at approximately $212 million, excluding owner furnished equipment. The disclosure was in response to a query from Singapore Exchange on Monday, asking the group to reveal the value of the ...
Keppel O&M to build two dredgers for Dutch Van Oord
SINGAPORE (May 16): Keppel Singmarine has secured contracts of undisclosed value from Van Oord to build two high-specification Trailing Suction Hopper Dredgers (TSHDs). The two dredgers are expected to be completed in 4Q20 and 2Q21 respectively. As part of the contracts, Van Oord has an option to order a third dredger to be exercised within one year. Keppel Singmarine is a subsidiary of ...
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). These are existing jackup rigs which are currently being built by Keppel FELS to the KFELS B class designs. The total price of the five rigs excludes any down ...
Keppel O&M to jointly develop autonomous vessels with Singapore maritime authority and NUS-A*STAR centre
SINGAPORE (Apr 25): Keppel Offshore & Marine has signed an MoU with the Maritime Port Authority of Singapore (MPA) and the Technology Centre for Offshore and Marine, Singapore (TCOMS) to jointly develop autonomous vessels. These will be used for a variety of applications including undertaking harbour operations such as channelling, berthing, mooring and towing operations. Keppel ...
Keppel and Titan agree to terminate management services agreement for Quanzhou shipyard
SINGAPORE (Apr 3): Keppel Corp says FELS Offshore (FELS), a member of Keppel Group, and the Titan group of companies have agreed to terminate an agreement signed four years ago to manage Titan Quanzhou shipyard -- with immediate effect. On Apr 9 2014, FELS, a wholly-owned subsidiary of Keppel O&M, Titan Petrochemicals Group (Titan) and Titan Quanzhou Shipyard Co. (TQS) entered into an ...
Keppel corruption probe not yet over; former key execs reportedly arrested
SINGAPORE (Feb 2): Keppel Offshore & Marine (Keppel O&M) might have six weeks ago reached a global resolution with authorities in the US, Brazil and Singapore in connection with a bribery scandal, but it seems the corruption probe is not yet over. See: Keppel O&M fined US$422 mil as part of resolution over bribes for contracts by ex-agent Skornicki According to media reports, ...
Keppel says no agreement yet on sale of jack-up rigs to Borr Drilling
SINGAPORE (Jan 19): Keppel Corp says discussions in relation to the possible sale of jack-up rigs to Borr Drilling are ongoing. Keppel was referring to The Business Times article entitled “Keppel O&M seeks to offload six jack-ups for up to US$960 million” which was published on Friday. "The company wishes to confirm that discussions are ongoing with Borr Drilling in relation to the ...
Keppel facing a scandal
SINGAPORE (Jan 8): It was a blue Christmas for Keppel Corp. On Dec 23, 2017, the company said its offshore and marine arm had reached a global resolution with authorities in the US, Brazil and Singapore in relation to corrupt payments made by a former agent that will see it pay fines of more than US$422.2 million ($561.1 million).  “The resolutions with Keppel Offshore & Marine and ...