Keppel Amfels News

 

Keppel to Exit Offshore Rig Building Business

Jan 28, 2021

Singapore's Keppel Offshore & Marine, a company famous for its offshore rig construction, is set to undergo a major transformation, look for opportunities as a developer and integrator of offshore energy and infrastructure assets, and exit the offshore rig building business…

Awilco Drilling Terminates Rig Building Contract with Keppel. Seeks Refund

Dec 29, 2020

Offshore driller Awilco Drilling said Monday it had terminated its offshore rig construction order with Singapore's Keppel, citing breach of contract and seeking a refund. The termination comes after Keppel itself terminated the same contract…

Huisman Crane for First Jones Act Wind Turbine Installation Vessel

Dec 23, 2020

Dutch offshore equipment provider Huisman has signed a contract with Keppel AmFELS for the delivery of a Leg Encircling Crane (LEC) for what will be the first Jones Act-compliant wind turbine installation vessel - Dominion Energy’s Charybdis…

National Oilwell Varco to Change Name

Dec 22, 2020

Oilfield services provider National Oilwell Varco said Monday it would change its corporate name to “NOV Inc.”, effective January 1, 2021. The company’s ticker symbol, “NOV”, will remain unchanged.Clay Williams, Chairman, President, and CEO…

Keppel AmFELS Lays Keel for First Jones Act WTIV

Dec 16, 2020

Shipbuilder Keppel AmFELS has laid the keel for the first ever Jones Act compliant offshore wind turbine installation vessel (WTIV) at its shipyard in Brownsville, Texas, marking a key milestone for the development of the U.S. offshore wind industry…

Keppel Hits Awilco with Another Arbitration Notice, Rig Contract Cancellation

Dec 04, 2020

Singapore-based offshore drilling rig builder Keppel has terminated a construction contract with Awilco Drilling for the Nordic Spring semi-submersible drilling rig and served Awilco with a notice of arbitration.Awilco, a UK North Sea focused driller…

Cash Buyers All Jacked-up for Rig Recycling

Oct 29, 2020

As the old saying goes, one man’s misery is another man’s fortune. This could not be a more accurate statement reflecting the current offshore mobile offshore drilling unit (MODU) market. As MODU owners battle debts, restructuring and bankruptcy (see previous article MODU Owners Bite the Bullet)…

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 Offshore & Marine Clinches $146,5M in New Orders

Sep 22, 2020

Singapore's Keppel Offshore & Marine has secured new construction orders worth around S$200 million (USD146,5 million). The orders include the construction of a Floating Storage Regasification Unit, as well as the largest U.S. hopper dredger…

Keppel: Converted FLNGs Have Smaller Carbon Footprint Compared to Newly Built Units

Aug 20, 2020

Singapore's Keppel Offshore & Marine has said that converted FLNG vessels save approximately 33% of greenhouse gas (GHG) emissions compared to an FLNG new build, citing a study by environmental consultants, Environmental Resources Management (ERM)…

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 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…

Keppel Rejects Awilco Drilling's Rig Contract Termination. Ponders Legal Action

Jun 09, 2020

Singapore's offshore rig builder Keppel is considering taking legal action against Awilco Drilling after the drilling company on Monday said it had terminated a rig construction contract with Keppel.Awilco Drilling said Monday that its subsidiary…

Keppel O&M Says Pivot to Gas, Renewables Pays Off

Apr 29, 2020

Keppel Offshore & Marine, an offshore construction subsidiary of Singapore's Keppel Corp, expects challenging conditions ahead due to the drop in oil prices but says its business diversification into gas and renewables has paid off.The company…

Keppel O&M, EMA Launch Call for Smart Solutions in Offshore Sector

Apr 15, 2020

Singapore-based offshore rig builder Keppel Offshore & Marine has partnered up with Energy Market Authority (EMA) to develop energy solutions in the areas of distributed energy resources, digitalization and emerging low carbon alternatives.As part of the $10 million partnership…

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