Keppel Corporation Ltd. Company News

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Awilco Drilling Reports Rig Contract Termination
Wednesday, December 30, 2020Awilco Drilling stated Monday that it has terminated its vessel construction contract with KFELS for the Nordic Spring.

Keppel Balks at Notice Alleging Contract Breaches, Cancellation
Wednesday, June 10, 2020Keppel said the notice came just before the next payment installment of $31.9 million was due from Awilco on June 9.

Keppel Eyes LNG-Powered Data Centers
Tuesday, April 21, 2020Keppel Data Centres has signed MOUs with Toll Group and Royal Vopak tied to developing floating data centers powered by LNG and possibly hydrogen.

Temasek Plans to Pay $3B for Full Control of Keppel
Monday, October 21, 2019Singapore's Temasek Holdings Pte plans to take control of Keppel Corp. for about S$4 billion ($3 billion) and undertake a review of the oil-rig builder's business that could involve a board shakeup.

Singapore's Keppel Posts Lower 2Q Profit, Says Rig Market Outlook Muddy
Thursday, July 20, 2017Keppel posts a 21% drop in its quarterly profit and warned it did not expect a speedy recovery in the offshore and marine market.

Singapore's Keppel To Buy New Bonds Of Struggling KrisEnergy
Thursday, November 03, 2016Rigbuilder Keppel Corp says it will subscribe to a bond offer by KrisEnergy Ltd, potentially increasing its majority holding and throwing a lifeline to the debt-laden oil and gas explorer.

Brazilian Government Plans to Open Talks with Keppel, Sembcorp Marine
Monday, September 05, 2016Brazil plans to opens talks with Singapore's Keppel Corp. and Sembcorp Marine to find solutions to the challenges they faced in the country, including issues arising from an ongoing corruption probe.

Penny Stock DBS Couldn't Save Roils Singapore Oil Hub, Banks
Monday, August 08, 2016With a market value of $37 million, Swiber Holdings hardly seemed the kind of company to cause a ripple in the financial markets. Yet, the near-liquidation of the penny-stock firm has set off tremors in Singapore's banking and energy industries.

Keppel Refutes Allegations it Pays Bribes to Win Contracts from Petrobras
Thursday, August 04, 2016Singapore's Keppel denies allegations made by the company's former commercial representative in Brazil that its executives had authorized payment of bribes to secure contracts from Petrobras.

Singapore Rig Giant's Man In Brazil Says Managers Backed Bribes
Wednesday, August 03, 2016Keppel Corp.'s Brazil problems just keep growing.

Keppel Sees Prolonged Dearth Of Oil-Rig Orders Amid Glut
Friday, July 22, 2016Keppel Corp., the world's largest builder of oil rigs, sees little prospect of an improvement in global demand amid a supply surplus that's caused quarterly profit to fall to the lowest in almost a decade.

Keppel AmFELS Delivers Newbuild Uxpanapa to Mexico's Central Panuco
Thursday, July 14, 2016Keppel AmFELS delivers newbuild Uxpanapa to Mexico's Central Panuco and the jackup has been chartered for work offshore Mexico by national oil company Pemex.

Keppel Wins $89M Deals for Work on 3 Floating Facilities, 1 Pipelay Vessel
Friday, July 08, 2016Keppel Shipyard wins contracts valued at $89 million for work on three floating facilities and a pipelay vessel.

Keppel, Shell Form Singapore LNG Bunkering Joint Venture
Thursday, July 07, 2016Keppel Corp Ltd enters into an agreement with Royal Dutch Shell to form a joint venture company, which will establish a liquefied natural gas (LNG) bunkering business in Singapore.

Singapore's Keppel AmFELS Delivers One of the World's Largest HEEM Land Rig
Thursday, June 16, 2016Singapore's Keppel AmFELS delivers one of the world's largest harsh environment enhanced mobility (HEEM) land rig ahead of schedule.

EIG Names Keppel as Defendant in U.S. Court Case Against Petrobras
Thursday, June 02, 2016EIG Management Co. names rig builder Keppel as a defendant in a case against Petrobras in a U.S. court, but the Singapore yard denies the allegations.

Keppel O&M, Rosneft & MHWirth Set Up Singapore Incorporated JV
Friday, May 20, 2016Keppel Offshore & Marine sets up a Singapore incorporated joint venture company with Russia's Rosneft and Norway's MHWirth for the design and engineering of mobile offshore drilling units.

Keppel O&M Completes Acquisition of Cameron's Offshore Product Division
Tuesday, May 03, 2016Keppel Offshore & Marine completes acquisition of Cameron's offshore product division.

Keppel O&M's 1Q 2016 Net Profit Falls 53% to $70.7M, Revenue Down 58%
Tuesday, April 19, 2016Keppel Offshore & Marine's net profit falls 53 percent to $70.7 million in first quarter 2016, while revenue is 58 percent lower at $608.7 million.

Keppel Holds Naming Ceremony for McDermott's Newbuild DLV 2000
Thursday, April 14, 2016Keppel Singmarine holds naming ceremony for McDermott's newbuild derrick lay vessel, DLV 2000, at its yard in Singapore.

Keppel's Unit BrasFELS Bags $141M FPSO Contract from MODEC
Thursday, April 07, 2016Keppel's BrasFELS shipyard bags a $141 million module fabrication and integration project from MODEC for FPSO Cidade de Campos dos Goytacazes MV29.

Don't Get Hopes Up For Sustained Keppel, Sembcorp Marine Rally
Wednesday, April 06, 2016The world's two biggest builders of oil rigs saw their stocks rise the most in more than two years last month as crude rebounded.

Keppel FELS Delivers Jackups Cantarell I & Cantarell II to Mexico's Grupo R
Monday, March 28, 2016Keppel FELS delivers jackups Cantarell I and Cantarell II to Grupo R for operations in the Cantarell oil field offshore Mexico.

Sky-Futures to Grow Asian Workforce Slightly, Partners with Keppel's OTD
Wednesday, March 23, 2016Sky-Futures, a drone inspection provider to the oil and gas industry, is growing its workforce in Asia slightly to meet regional operational needs, a company executive told Rigzone at OTC Asia 2016.

Floatel Believes Firm is Well-Positioned to Tap Business Opportunities
Tuesday, March 15, 2016Floatel believes it is well-positioned to tap business opportunities despite a tough market currently.

Keppel FELS Holds Naming Ceremony for Floatel Triumph at its Singapore Yard
Friday, March 11, 2016Keppel FELS holds naming ceremony for Floatel International's newbuild accommodation semisub Floatel Triumph at its Tuas yard in Singapore.

Keppel Updates on Investigations into its Petrobras/Sete Brasil Contracts
Tuesday, February 23, 2016Singapore's Keppel Corp. updates on official investigations into contracts signed by its entities with Petrobras and/or Sete Brasil.

N-KOM Delivers Newbuild Liftboat Al Safliya to Qatar's GDI
Monday, February 15, 2016Nakilat-Keppel Offshore & Marine delivers newbuild liftboat Al Safliya to Qatar's Gulf Drilling International.

Keppel FELS Delivers Newbuild Jackup Halul to Gulf Drilling International
Tuesday, January 26, 2016Keppel FELS delivers newbuild jackup Halul to Qatar's Gulf Drilling International.

Keppel O&M Posts 4Q 2015 Net Loss of $42.5M, Updates on Brazil Contracts
Friday, January 22, 2016Keppel Offshore & Marine posts a net loss of $42.5 million for fourth quarter 2015, down from a net profit of $200.1 million in the previous year.

Looking Beyond Backyard Doesn't Pay for Singapore Rig Builders
Monday, January 18, 2016This week, two of Singapore's blue-chip companies could learn that it doesn't pay to expand too far afield.

Keppel FELS Delivers Arabdrill 70 Jackup to Arabian Drilling Company
Wednesday, October 28, 2015Keppel FELS delivers Arabdrill 70 jackup to Arabian Drilling Company.

Keppel O&M's 3Q 2015 Net Profit Falls 34% YOY to $119.7M
Friday, October 23, 2015Keppel Offshore & Marine posts a 34 percent fall in net profit for third quarter 2015 to $119.7 million, compared to $181.7 million a year ago amid a slowdown in new rig orders.

Keppel to Cooperate With Brazilian Authorities Over Petrobras Contracts
Friday, October 23, 2015Keppel Corp. says the firm will, if approached, cooperate with the Brazilian authorities investigating contracts entered into by Petrobras and Sete Brasil with its units.

Partners Reach FID for Cameroon FLNG Project
Thursday, October 01, 2015Partners reach a final investment decision to proceed with development of the Cameroon FLNG project.

Keppel to Deliver 3 Ice-Class Vessels to Bumi Armada for Filanovsky Field
Monday, September 14, 2015Keppel Singmarine is on track to deliver three ice-class vessels to Bumi Armada to work at the Filanovsky oil field later this month after a naming ceremony at its Singapore yard.

Keppel Shipyard Bags $89.2M Contracts, Includes Madura BD FPSO Conversion
Wednesday, August 12, 2015Singapore's Keppel Shipyard clinches four contracts, worth $89.2 million, including a floating production storage and offloading conversion for the Madura BD Block offshore Indonesia.

Industry Counts on FLNG to Beat the Odds and Live Up to Promise
Tuesday, August 04, 2015Weak liquefied natural gas (LNG) prices could dampen relatively brisk activities in the floating LNG sector, currently a bright spark in the oil and gas industry.

Keppel O&M's 2Q 2015 Net Profit Falls 36% to $126M, Non-Drilling Focus Now
Friday, July 24, 2015Keppel Offshore & Marine registers a 36 percent decline in net profit for second quarter 2015 to $126.2 million amid a slump in new rig demand as the firm now focus more on capturing business from the non-drilling market.

Singapore's Keppel 2Q Profit Falls 2% as Rig Business Falters
Thursday, July 23, 2015Singapore's Keppel Corporation sees its 2Q net profit fall two percent due to a weak performance in its offshore and marine unit.

Golar LNG Gets $960M Financing Commitment from CSSC for GoFLNG Hilli
Wednesday, July 22, 2015Golar LNG receives commitment from CSSC Shipping Co. to finance $960 million of the conversion cost of the GoFLNG Hilli facility now under construction at Singapore's Keppel Shipyard.

Keppel Inks $684M Floating Liquefaction Facility Conversion Deal with Golar
Wednesday, July 22, 2015Keppel Shipyard inks a $684 million floating liquefaction facility conversion contract with Golar LNG's unit.

Mitsubishi, NYK Buy 45% Stake in FPSO Turritella Project from SBM for $590M
Thursday, July 16, 2015SBM Offshore divests 45 percent stake in FPSO Turritella project to two Japanese companies for $590 million.

Keppel FELS Secures $85M Contract to Build Liftboat for Crystal Heights
Tuesday, July 14, 2015Keppel FELS secures $85 million contract from Crystal Heights to build a high specification liftboat.

Golar, Perenco Reach Agreement on Commercial Terms of Cameroon FLNG Project
Wednesday, July 01, 2015Golar LNG and Perenco reach agreement on the commercial terms of the floating liquefaction natural gas export project in Cameroon.

KrisEnergy to Raise $123M for Thailand, Bangladesh Development Projects
Tuesday, June 16, 2015KrisEnergy launches rights issue to raise $123 million to support its development projects in Thailand and Bangladesh.

Keppel FELS Holds Naming Ceremony for Grupo R's Three Newbuild Jackups
Tuesday, June 02, 2015Keppel FELS held rig naming ceremony for three jackups constructed for Mexico's Grupo R at its Singapore yard.

Keppel O&M Records 1Q 2015 Net Profit of $150.4M, Down 12% YOY
Friday, April 17, 2015Keppel Offshore & Marine posted a net profit of $150.4 million in the first quarter of 2015, down 12 percent from a year ago.

Keppel FELS on Track to Deliver its 100th Newbuild Jackup to PV Drilling
Monday, March 02, 2015Keppel FELS is on track to deliver its 100th newbuild jackup PV Drilling VI to Vietnam's PV Drilling.

Keppel, Sembcorp Marine Refute Allegations of Bribe Payments in Brazil
Monday, February 09, 2015Keppel and Sembcorp Marine refute allegations that they paid bribes to secure contracts in Brazil's energy sector.