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.
SINGAPORE (Sept 13): OCBC Investment Research is maintaining its “buy” call on Keppel Corporation at a fair value estimate of $7.36 on the notion that it is well positioned to benefit from opportunities in Indonesia’s small-scale liquefied natural gas (LNG) market.
The group last week announced that its offshore and marine (O&M) unit had entered into a heads of agreement (HOA) with Pavilion Energy and Indonesia’s state-owned PT Perusahaan Listrik Negara to explore opportunities in the development of small-scale LNG distribution in West Indonesia.
SINGAPORE (Sept 7): Keppel Offshore & Marine is making a joint foray into the exploration LNG solutions in Indonesia.
On Thursday, Keppel O&M signed an agreement with Pavilion Energy and Indonesia state-owned PT Perusahaan Listrik Negara (PLN) to explore opportunities in the development of small-scale Liquefied Natural Gas (LNG) distribution in West Indonesia.
The signing of the agreement took place at the Singapore-Indonesia Leaders’ Retreat in Singapore.
SINGAPORE (July 5): OCBC Investment Research is maintaining its “buy” call on Keppel Corporation with a $7.36 fair value estimate after the group held its naming ceremony for Hilli Episeyo, the world’s first converted floating liquefied natural gas (FLNG) vessel.
SINGAPORE (May 2): DBS Vickers Securities is maintaining its “buy” call on Sembcorp Marine (SMM) with a target price of $1.78, on the notion that the sell-off post its 1Q17 results is “unwarranted”.
To recap, the marine and offshore engineering group last week posted 1Q earnings of $40 million, which was 28% lower on-year despite stabilising oil prices due to lower sales and additional cost incurred for a floater project.
In a Tuesday report, analyst Ho Pei Hwa says she continues to see re-rating catalysts ahead for SMM for the following reasons:
SINGAPORE (Oct 5): Keppel Offshore & Marine (Keppel O&M) subsidiary, Keppel Singmarine, secured contracts to build its first dual-fuel tugs while another, Gas Technology Development, entered into a Memorandum of Understanding (MOU) with Royal Dutch Shell to jointly explore opportunities in the LNG sector.
In a Wednesday statement, parent company Keppel Corp reveals that the contracts were awarded by Keppel Smit Towage and Maju Maritime, which have ordered one dual-fuel diesel LNG harbour tug each.
SYDNEY (May 20): Papua New Guinea explorer Oil Search Friday said it had bought rival InterOil in a multi-billion-dollar deal, but will sell off some of the assets to French energy giant Total to fund part of the takeover.
Oil Search is to pay US$40.25 per share for the US-listed company for a total value of approximately US$2.2 billion ($3.03 billion), as it looks to boost its interests in a key liquefied natural gas (LNG) project under development in resource-rich Papua New Guinea.
