Keppel Fels News


U.S. Gulf Operator Books Prosafe's Accommodation Rig

Oct 14, 2022

Prosafe has signed a firm contract with an unnamed major oil and gas company to provide accommodation services using the Safe Concordia semi-submersible rig in the U.S. Gulf of Mexico.The contract has a firm length of 330 days, with options for up to 6 months…

Keppel, Borr Drilling Strike Deal on Delivery Schedule for Five Jack-up Rigs

Oct 12, 2022

Singapore's Keppel said on Wednesday that it had reached a deal with the offshore drilling company Borr Drilling over the delivery schedule for five jack-up rigs ordered previously by Borr Drilling.The rig builder had in 2020 and 2021 agreed…

Petrobras Orders $2.8B FPSO from Keppel O&M

Sep 29, 2022

Singapore's Keppel Offshore & Marine has won a $2.8 billion contract with Brazil's Petrobras for the construction of a large FPSO for deployment at the Buzios field offshore Brazil.Scheduled for delivery in 1H 2027, the P-83 is a repeat order of the P-80 FPSO that Keppel O&M secured in August 2022…

ADES to Buy 7 Jack-up Rigs from Seadrill

Sep 01, 2022

Offshore drilling firm Seadrill has signed a deal to sell seven jack-up drilling rigs in Saudi Arabia to ADES.Upon completion of the sale the rigs AOD I, AOD II, AOD III, West Callisto, West Ariel, West Cressida, and West Leda will be owned by ADES…

Petrobras Orders Giant $2.9B FPSO from Keppel

Aug 15, 2022

Brazilian oil company Petrobras said Monday it had ordered an FPSO from Keppel Shipyard, for deployment at the Búzios offshore oil field in Brazil.The FPSO, named P-80 will be the ninth unit to be installed in the field, and, according to Petrobras…

Keppel, Unit to Invest in German Offshore Wind Farm

Aug 11, 2022

Singaporean conglomerate Keppel Corp said on Friday it would spend 305 million euros ($314.7 million) along with a unit for a 50.01% stake in a special purpose vehicle (SPV) that owns 50% of Borkum Riffgrund 2, an offshore wind farm in Germany…

Sembcorp Marine Cuts Losses as Easing COVID Curbs Aid Project Deliveries

Aug 11, 2022

Singapore's Sembcorp Marine Ltd (Sembmarine) said on Friday its half-year loss narrowed 78% from a year earlier, as the oil rig builder finished delayed projects after pandemic curbs were eased while also benefiting from cost management.The…

Keppel Terminates Semi-sub Rig, Jack-up Rig, and Liftboat Orders as Clients Fail to Pay Up

Aug 08, 2022

Singapore-based shipbuilder Keppel has terminated three construction contracts signed years ago, citing clients' failure to pay up. The terminated contracts are related to orders made by TS Offshore, Sapura Energy, and Crystal Heights. TS Offshore…

Keppel O&M Wins $54.5 Million in Floating Production Contracts

Aug 01, 2022

Keppel Offshore & Marine Ltd (Keppel O&M)’s wholly-owned subsidiaries, Keppel AmFELS in the U.S. and Keppel Shipyard in Singapore, have been awarded contracts worth around S$75 million (US$54.5 million) for the refurbishment and completion of two floating production units (FPU)…

Keppel Posts 66% Jump in First-half Profit

Jul 28, 2022

Singaporean conglomerate Keppel Corp on Thursday reported a first-half profit that rose 66%, helped by higher earnings across most of its main businesses and a rebound at its offshore & marine (O&M) unit.Keppel, which traces its roots to a small ship repair yard corporatized in 1968…

BP Extends Prosafe's Safe Concordia

Jul 27, 2022

Semi-submersible accommodation vessels owner and operator Prosafe said BP Trinidad and Tobago LLC (‘bpTT’) has exercised all four weeks of options for the Safe Concordia to continue providing gangway connected operations through September 2022 at Cassia C offshore Trinidad…

Alan Curran Becomes Interim CEO of Providence Resources

Jul 06, 2022

The Irish-based oil and gas company Providence Resources, focused on developing the Barryroe field in the Celtic Sea, off Ireland, has appointed Alan Curran as Interim Chief Executive effective.Following Curran's appointment, James Menton reverts to his role as non-executive Chairman of the Board…

Borr Drilling Finds Buyer for Three Under-construction Jack-ups

Jun 27, 2022

Jack-up drilling rig owner Borr Drilling has signed a binding letter of intent with an unnamed buyer for the sale of three high-spec jack-up drilling rigs currently under construction with Keppel FELS shipyard for $320 million.Borr Drilling…

Offshore Drilling Firm Awilco Drilling Goes Rigless with WilHunter Semi-sub Sale Wrap

Jun 22, 2022

Offshore drilling company Awilco Drilling has completed the sale of the 1983-built semi-submersible drilling rig WilHunter for recycling, meaning the company no longer owns any drilling rigs.The WilHunter, built in 1983 by Daewoo and upgraded in 1999 and 2011…

Well-Safe Solutions Takes Over WilPhoenix Rig from Awilco Drilling

Jun 09, 2022

UK-based offshore drilling company Awilco Drilling has completed the sale of its WilPhoenix semi-submersible drilling rig to P&A specialist to Well-Safe Solutions.The proposed sale was first announced early in May, when Oslo-listed Awilco Drilling said the rig would be sold for $15…

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