Keppel Offshore & Marine Limited Company News

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Keppel Makes First Rig Delivery of 2020
Wednesday, January 15, 2020 Keppel Offshore & Marine has made its first rig delivery of the year on time and within budget. (PHOTO Source: Keppel O&M)

FPSO Armada Kraken on Track for North Sea Deployment
Monday, August 29, 2016 Keppel Shipyard holds naming ceremony for floating production storage and offloading (FPSO) Armada Kraken ahead of delivery to Bumi Armada for deployment to the Kraken oil field in the North Sea.

Bumi Armada's LNG FSU Leaving Singapore Soon to Work for EletroGas Malta
Thursday, August 11, 2016 Bumi Armada's first liquefied natural gas floating storage unit will leave Keppel Shipyard in Singapore shortly for Malta to commence a contract with ElectroGas Malta.

McDermott, N-KOM Signs MOU to Jointly Pursue EPCI Projects Offshore Qatar
Wednesday, July 27, 2016 McDermott inks a memorandum of understanding (MOU) to jointly pursue offshore engineering, procurement, construction and installation (EPCI) projects offshore Qatar with Nakilat-Keppel Offshore Marine (N-KOM).

Keppel's BrasFELS Completes Project for MODEC's FPSO
Wednesday, June 29, 2016 Singapore-based Keppel's subsidiary BrasFELS Shipyard completes an integration and completion project for FPSO Cidade de Caraguatatuba MV27 for MODEC.

ABS, Keppel's KOMtech Collaborate on Joint Development Projects
Tuesday, June 28, 2016 ABS and Singapore's Keppel Offshore & Marine Technology Centre (KOMtech) collaborate on joint development projects in areas such as special purpose rigs, data analytics and subsea technology.

Petrofac Secures Contract from Bumi Armada for Olombendo FPSO
Monday, June 13, 2016 Petrofac secures a three year contract from Bumi Armada for the Olombendo floating production, storage and offloading unit, currently under conversion in Singapore.

Asian Yards See Weaker Revenues amid Uncertainty in Brazil
Friday, March 18, 2016 Major Asian yards are bracing for greater turbulence in their earnings as the future of Brazilian construction projects remains unclear.

Keppel Bags $88.4M Contracts, Including Two Conversion Projects
Thursday, December 31, 2015 Singapore's Keppel Offshore & Marine bags four contracts, worth $88.4 million, including two conversion projects.

Bruised Asian Shipyards Prepare for Eventual Market Upswing
Tuesday, December 22, 2015 Battered Asian shipyards suffering from the most severe downturn in the offshore segment in recent years take steps to improve their future prospects.

Keppel O&M to Acquire Cameron's Offshore Rig Business for $100M
Monday, August 31, 2015 Keppel Offshore & Marine to acquire Cameron's offshore rig business, comprising the LETOURNEAU jackup designs, rig kit business and aftermarket services for $100 million.

Asian Lift Names Newbuild Sheerlegs Asian Hercules III at Nantong Yard
Monday, May 18, 2015 Asian Lift names its newbuild sheerlegs Asian Hercules III at Keppel Offshore & Marine's yard in Nantong, China.

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

Keppel O&M's Net Profit in 4Q 2014 Rises to $229.5M, Up 1% from a Year Ago
Friday, January 23, 2015 Keppel Offshore and Marine's net profit in the fourth quarter of 2014 rises to $229.5 million, a marginal one percent increase from the previous year.

Keppel Sees Shallow-Water Projects Supporting Rig Demand amid Lower Prices
Monday, January 19, 2015 Keppel believes oil production in shallow-water basins will support rig demand, but revenue diversification is key to ride out the low oil price environment.

Keppel O&M's Net Profit Grows 17% to $201.5M in 3Q 2014
Thursday, October 23, 2014 Keppel O&M's net profit grows 17 percent to $201.5 million in the third quarter of 2014, compared to $172 million a year ago.

Nakilat-Keppel O&M Completes Keel Laying for GDI's Newbuild Liftboat
Wednesday, September 03, 2014 Nakilat-Keppel Offshore & Marine completes keel-laying for Qatar's first newbuild liftboat at the Erhama Bin Jaber Al Jalahma shipyard in Ras Laffan, Qatar.

Singapore's Major Offshore Players Hit by Slow Orders, Chinese Competition
Monday, July 28, 2014 Business for Singapore's two largest shipyards has been slow year to date, with the situation exacerbated by intense competition from China.

Keppel O&M's Second Quarter Net Profit Rises 14% to $216M
Friday, July 25, 2014 Keppel Offshore & Marine's second quarter net profit increases 14 percent from last year to $216 million as revenue rises 13 percent to $1.64 billion.

Nakilat-Keppel O&M Bags $110M Contracts from Gulf Drilling International
Thursday, July 24, 2014 Gulf Drilling International awards $110 million contracts to Nakilat-Keppel Offshore & Marine to build a liftboat and to repair and maintain its fleet of jackups.

Keppel Proceeds with $735M FLNG Conversion Job for Golar LNG
Thursday, July 03, 2014 Keppel Shipyard proceeds with $735 million contract to convert an existing liquefaction natural gas carrier to a floating liquefaction vessel for Golar LNG.

Keppel O&M's Units Bag $294M Deals for FPSO Conversion and Supply of SCV
Wednesday, July 02, 2014 Keppel Offshore & Marine bags $294 million contracts for a floating production, storage and offloading vessel conversion project and to supply a subsea construction vessel.

Keppel O&M Signs 30-Year Deal to Manage China's Titan Quanzhou Shipyard
Thursday, April 10, 2014 Keppel Offshore & Marine signs 30-year agreement to manage Titan Quanzhou Shipyard in Fujian, China.

Keppel Clinches $650M Fecon Order
Thursday, February 13, 2014 Keppel FELS secures contracts to build three high-specification KFELS B Class jackup rigs worth about $650 million from new customer Fecon.

Keppel's Offshore & Marine 3Q 2013 Net Profit Down 11% to $173M
Friday, October 18, 2013 Keppel Corporation reports an 11 percent decline in net profit from its offshore and marine segment in the third quarter to $173.4 million amid lower revenue.

Keppel AmFELS Bags $240M Deal to Build Jackup for Perforadora Central
Friday, October 11, 2013 Keppel AmFELS bags a $240 million contract to build a KFELS B Class jackup for Perforadora Central for delivery in fourth quarter of 2015.

Keppel O&M, Pemex's Units to Develop, Own, Operate a Yard in Mexico
Monday, October 07, 2013 Keppel Offshore & Marine inks memorandum of understanding with Petroleos Mexicanos' units to develop, own and operate a yard facility in Mexico.

New Ship Yard Opened in Azerbaijan
Friday, September 20, 2013 A new yard for the construction of specialized offshore vessels is opened in Azerbaijan, with rig constructor Keppel holding a 10-percent stake.

Keppel Subsidiaries Clinch $79M Upgrade, Repair Contracts
Tuesday, August 06, 2013 Keppel Offshore's units clinch upgrade and repair contracts for 2 semi-submersible drilling rigs and a jackup.

Keppel Bags New Rig Order for $226M
Monday, April 15, 2013 Keppel FELS secures a contract from Falcon Energy Group to construct a KFELS Super B Class jackup.

Keppel Clinches Repeat Rig Order from Ensco
Tuesday, April 09, 2013 Keppel FELS secures a contract to construct a KFELS B Class jackup from Ensco plc.

Mexico's Grupo R Orders Additional Jackups from Keppel FELS for $820M
Thursday, March 28, 2013 Keppel FELS secures contracts from Mexican drilling company, Grupo R, to build four jackups worth $820 million.

Singapore O&G Firms Set for Growth amid Continued Offshore Interest
Tuesday, January 22, 2013 Strong oil prices will continue to boost oil and gas exploration in 2013, with offshore drilling set to be marked by a high level of activity.

Keppel Bags $600M FLNG Conversion Deal with Golar LNG
Monday, November 05, 2012 Keppel inks term sheet agreement, reportedly worth $600 million, with Golar LNG to work on the conversion of up to LNG vessels into Floating LNG vessels.

Rise of Chinese Shipyards in the FPSO Industry
Thursday, October 11, 2012 Chinese shipyards are set to take their place on the global FPSO stage as international players look to diversify from the traditional markets of Singapore, Malaysia, South Korea and the UAE.

Keppel O&M Bags 5 Semisub Contracts Worth $4.1B
Tuesday, August 07, 2012 Keppel Offshore & Marine secures five semisubmersible drilling rigs contracts worth around $4.1 billion with Sete Brasil.

Keppel Scoops Up FPSO Contracts
Wednesday, April 04, 2012 Keppel Shipyard Ltd. has secured Floating Production Storage and Offloading (FPSO) upgrading projects from its long-term partners SBM Offshore N.V. and Bumi Armada Berhad.

Keppel, ConocoPhillips to Build 1st Ice-Worthy Jackup
Wednesday, February 08, 2012 Keppel and ConocoPhillips are jointly designing a first-of-its-kind ice-worthy jackup rig to operate in one of the harshest marine frontiers.

Dockwise Lands $55M in New Contracts, MSA with Keppel
Wednesday, December 21, 2011 Dockwise Ltd. announces 12 new awards totaling USD $55 million and the signing of a MSA with Keppel of Singapore.

Keppel Secures Shipbuilding Contracts from Brazilian Operators
Wednesday, June 29, 2011 Keppel Singmarine Brasil (KSM Brasil), Keppel Offshore & Marine Ltd (Keppel O&M)'s new 7.6-ha shipbuilding facility in the state of Santa Catarina, has secured two newbuild contracts from fleet operators in Brazil.

Keppel Lands Brazilian Duo
Monday, February 14, 2011 Keppel has secured two contracts, one from SBM, and another from the JV company MODEC and Toyo Offshore Production Systems (MTOPS).

Keppel Clinches Conversion, Specialized Shipbuilding Contracts
Monday, December 27, 2010 Keppel O&M has clinched new contracts for upgrading of an FPSO vessel, the conversion of a livestock carrier, as well as the building of a diving support vessel.

Keppel Clinches Brazilian Projects from SBM, QGOG
Wednesday, July 21, 2010 Keppel has secured two contracts totaling S$170 million for the conversion of an FPSO vessel and repair of a semisubmersible drilling rig.

Keppel to Deliver Latest Maersk FPSO for Peregrino Field
Tuesday, July 06, 2010 Keppel is on track to complete the conversion of Maersk Peregrino for long time customer Maersk FPSOs.

Keppel Snags Construction Contracts
Thursday, June 24, 2010 Keppel's subsidiaries in the Philippines and Singapore have clinched contracts for the construction and upgrading of vessels.

Keppel Delivers 5 Vessels on Schedule
Tuesday, May 25, 2010 Keppel Singmarine has safely delivered five ships.

Keppel Delivers First Rowan Rig
Tuesday, May 04, 2010 Keppel AmFELS has delivered the first of four EXL rigs to Rowan Drilling Company safely, on time and within budget.

Keppel Snaps Up Brazilian Shipyard
Wednesday, April 14, 2010 Keppel, through its wholly-owned Brazilian subsidiary, has entered into an agreement with Brazil's TWB Group to acquire the Estaleiro TWB shipyard in Navegantes, Santa Catarina.

Keppel Books FPSO Conversion, Rig Upgrade Orders
Thursday, March 25, 2010 Keppel Offshore & Marine has secured $140 million worth of contracts for the conversion of a FPSO and repair and modification of two semisubmersibles.

Keppel, SOCAR Join Hands to Build New Azeri Shipyard
Friday, March 19, 2010 Fortifying its presence in the Caspian Region, Keppel O&M has entered a joint venture to develop and manage a new shipbuilding and ship-repair facility in Azerbaijan.