Singapore News


Topside Integration Works Kick Off on Liza Unity FPSO in Singapore

Nov 16, 2020

SBM Offshore, a Dutch FPSO specialist, has informed that the topside integration phase has kicked off in Singapore on the Liza Unity FPSO. Once completed the FPSO will be deployed at ExxonMobil's Stabroek offshore block in Guyana, and will be Guyana's second FPSO in production…

Dyna-Mac Nets $116,9M Worth in New Contracts. Loses Offshore Vessel Deal

Nov 10, 2020

Singapore-based oil and gas module building firm Dyna-Mac has won new contract worth S$157.50 million ($116,9 million) but has also said it has lost a contract for work on an offshore vessel, which was awarded in April 2020.Dyna-Mac said Tuesday…

Singapore: Keppel O&M, EMA Award Grant for Floating Energy Storage System Pilot

Oct 26, 2020

Singapore's Energy Market Authority (EMA) and Keppel Offshore & Marine have jointly awarded a research grant to pilot Singapore’s first floating Energy Storage System (ESS). This project was awarded to a consortium led by Envision Digital International Pte Ltd (Envision Digital)…

Keppel O&M Scores $442M Vessel Order in Offshore Renewables Sector

Oct 09, 2020

Singapore's Keppel Offshore & Marine Ltd (Keppel O&M) said Friday it had secured a contract valued at approximately S$600 million (USD 442 million) in the offshore renewable energy industry.Sharing the news on Friday, Keppel gave little details on the client and the type of order…

Keppel Starts Review of Struggling Offshore and Marine Business

Sep 29, 2020

Singaporean conglomerate Keppel Corp said on Tuesday it had identified assets worth S$17.5 billion ($12.8 billion) that could potentially be monetized, including through sales, and started a review of its loss-making offshore and marine (O&M) business…

Dyna-Mac, Keppel Shipyard Enter MoU

Sep 17, 2020

Singapore-based oil and gas module builder Dyna-Mac has entered into a memorandum of understanding with Keppel Shipyard, a subsidiary of rig builder Keppel Offshore & Marine.Under the agreement, the two companies will explore potential business…

Kim Heng Forms Subsea Services and Salvage Firm Zale

Sep 11, 2020

Kim Heng Offshore & Marine, Singapore's offshore vessel provider, and offshore wind player, is setting up a new subsidiary named Zale, focused on subsea and emergency response services.Kim Heng said Friday that a new fully owned subsidiary Zale had been incorporated in Singapore…

Equinor's Johan Castberg FPSO Faces Delays as "Weld and Fatigue-analysis Errors" Found

Sep 02, 2020

Delivery of the FPSO destined for Equinor's Johan Castberg field in the Barents Sea is expected to be delayed after the company found issues with the weld quality and fatigue calculations program.The FPSO hull was ordered by Equinor (then known…

Rig-building Impairments Drag Keppel to 1H Loss

Jul 30, 2020

Singaporean conglomerate Keppel Corp reported a loss in the first half of 2020 due to impairments in its offshore and marine business that has been battered by low global oil prices.Keppel posted a net loss of S$537 million ($390 million) for the six months to June…

Analysts: Temasek Might Drop $3B Bid to Acquire Controlling Stake in Keppel

Jul 29, 2020

Temasek Holding's $3 billion bid to acquire a controlling stake in Keppel Corp will be under scrutiny on Thursday as a big quarterly profit drop at the conglomerate could raise the risk of the state investor dropping its proposal, analysts said…

Keppel to Deliver Components for Two MODEC FPSOs

Jul 15, 2020

Singapore's Keppel O&M has received orders from Japan's FPSO leasing company MODEC to deliver components for two FPSO units. The orders are worth S$73 million (USD52,5 million) in total.In Singapore, Keppel Shipyard will fabricate, complete…

Keppel Starts Arbitration Against Awilco Drilling

Jun 23, 2020

Keppel Corporation has launched arbitration proceedings against offshore drilling company Awilco Drilling over the latter's recent move to terminate a semi-submersible rig construction contract worth about $425 million.Awilco earlier in June…

POSH Offshore Vessel for Cargo Ship Crews Calling in Singapore

Jun 18, 2020

Offshore marine services provider PACC Offshore Services Holdings' (POSH) accommodation vessel has been designated by the Maritime and Port Authority of Singapore (“MPA”) to support crew changes for cargo ships calling in Singapore.To date, MPA has approved about 6…

Temasek Supports Sembcorp Marine's $1.5B Rights Issue

Jun 09, 2020

Singapore's Temasek Holdings stepped in on Monday to support a S$2.1 billion ($1.5 billion) rights issue by Sembcorp Marine as the state investor moves to help the city-state's struggling rig-building sector.Following the deal, loss-making Sembcorp Marine…

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