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Keppel Corp

Keppel Corp Wins Deals Worth $80m

It has been reported that Keppel Corp has won two contracts worth a total of $80m. The contracts are for the conversion of a tanker to a floating production storage offloading or FPSO facility and the repair of another FPSO vessel. The tanker conversion is the eighth such job that Keppel is executing for Single Buoy Moorings in six years. It is expected to be completed in the third quarter of next year. The deal to repair the FPSO vessel was awarded by Petro-Canada (East Coast). The tanker conversion will be carried out by Keppel Shipyard while the FPSO repair will be handled by sister company Keppel Verolme in Rotterdam. - CNA/ch Source: Channel NewsAsia


Keppel Unit Wins Contracts Worth $155.6m

Keppel Corp. said Keppel Singmarine Pte Ltd. has won two shipbuilding contracts worth $155.6m, Thompson Financial reported. Keppel Singmarine will build a derrick pipelay vessel for Global Offshore International Ltd, a unit of U.S.-listed Global Industries Ltd. In a separate deal, Keppel Singmarine will construct a 100-metre Rolls-Royce designed UT 788 CDL ultra-deepwater multi-functional support vessel For Lewek Shipping Pte Ltd., a unit of Singapore-listed Ezra Holdings Ltd.


Indian Firms Eye Shipbuilding

Indian firms are increasingly getting into ship building and repairing as shipbuilding orders are expected to rise significantly to meet the boom in seaborne trade and increased offshore oil exploration. The local industry is expected to expand to $20b by 2020 from close to $5b now, a report by maritime consultants i-maritime Consultancy Pvt Ltd said, which is about 1 percent by value of total global shipbuilding orders.


Keppel Acquires Interest in Verolme Botlek for $17.9 Million

Through its offshore rig-building division Keppel FELS Ltd., Keppel Corp. signed a preliminary contract with Verolme Botlek b.v. to attain an 85 percent interest in the Dutch offshore repair and conversion shipyard for $17.9 million. The remaining interest will be held by the management (10 percent), and workers' foundation (five percent). The acquisition of the shipyard, which is expected to be completed in the next few months (subject to due diligence and definitive agreements)


MISC Proposes $973m Deal for Ramunia

MISChas proposed a $973m deal to merge its shipbuilding business with Ramunia Holdings, an oil services company. The merger would expand MISC’s plans to create a regional business building oil rigs to compete against neighbouring Singapore, which is the world’s largest producer of offshore energy platforms. The deal would be a reverse takeover that could allow MISC to list its Malaysia Marine and Heavy Engineering unit under the Ramunia name in hopes of copying the success of Keppel Corp


Keppel Q4 Profit Up; 2014 Profit Beats Street

Keppel Corp's full-year profit up 2 pct at S$1.9 bln. Singapore's Keppel Corp Ltd said fourth-quarter net profit rose 6.1 percent to S$725.9 million ($544.8 million), while its full-year profit rose 2 percent and beat analysts' consensus. Keppel on Thursday posted a full-year profit of S$1.9 billion, beating the S$1.6 billion average estimate of 22 analysts polled by Thomson Reuters. The fourth-quarter profit was boosted by a 2


Keppel Earnings Strong

Singapore conglomerate Keppel Corporation (KepCorp) and its units will report record profits over the next week, but a lack of progress on the restructuring front will stifle a return of investor interest, analysts say. Funds have neglected KepCorp, once considered a proxy for Singapore because of its interests ranged from telecoms and ship-repair to banking and property, and its shares are now drifting near the bottom of their historical trading range.


Keppel Delivers PV Drilling III Jackup Early

Keppel FELS Limited (Keppel FELS) has been awarded a bonus of $460,000 for delivering the KFELS B Class jackup rig, PV Drilling III, early to PetroVietnam Drilling & Well Services Corp (PV Drilling). Completed 1.5 months ahead of schedule, without incidents, PV Drilling III has departed Keppel FELS for Vietnam to begin a five-year contract with Vietsovpetro in the Bach Ho field, offshore Vietnam. PV Drilling III completes the series of three KFELS B Class jackup rigs ordered by PV


Keppel Corporation Appoints New Board Director

Keppel Corporation Limited (Keppel) is pleased to announce the appointment of Mr Tan Puay Chiang (陈培璋) as Independent Director on the Board with effect from June 20, 2012. Mr Tan, 65, is a veteran in the oil, gas and petrochemicals sector. During his 38-year career with Mobil Oil and later ExxonMobil, he held executive management roles in Australia, Singapore and the United States. These included the positions of Vice-President, Mobil Research & Technology Corp


Keppel FELS to Deliver 100th Jackup Rig

Photo courtesy of Keppel FELS

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) is on track to deliver PV Drilling VI, a KFELS B Class jackup rig, to PV Drilling Overseas (PVDO), a subsidiary of PetroVietnam Drilling & Well Services Corp (PV Drilling) on time, on budget and with a perfect safety record. It is the 100th jackup rig Keppel FELS has built since 1970, of which more than half are based on the KFELS B Class design


Rolls-Royce to Power Ice-class MPV

Bergen B32:40V12ACD engine (Image: Rolls-Royce)

Rolls-Royce informs it has secured a contract to supply a power and propulsion package for an ice-class multipurpose vessel under construction at Keppel Singmarine for Singaporean ship owner New Orient Marine Pte Ltd.   The propulsion package includes a 1,650kW and two 3


Golar Mulls Third FLNG deal

GOLAR SPIRIT (BRAZIL): Golar LNG Limited

 Golar LNG has signed a binding Heads of Terms with Ophir Energy Plc for the provision of the GoFLNG vessel Gimi.   Golar has started discussions with partners Keppel and Black & Veatch aimed at exercising an option, under an existing framework agreement


Asian Lift Adds Fifth Sheerlegs

Asian Lift. Photo by Keppel Offshore & Marine

 Asian Lift, a joint venture between Keppel Offshore & Marine (Keppel O&M) and Smit Singapore, a member of the Boskalis group of companies, celebrates the naming of Asian Hercules III, which is the largest and most versatile heavy-lift sheerlegs of its kind in the world. 


Keppel hands over Runcorn Energy-from-Waste Facility Phase 2

Energy from waste Photo Keppel Corpn

  Keppel Seghers Belgium N.V. and Keppel Seghers UK Limited (collectively, Keppel Seghers) have handed over Phase 2 of the Runcorn Energy-from-Waste (EfW) facility, in the UK, to the client. Runcorn EfW comprises two phases of equal capacity


N-KOM Sees Increased Tanker Business

Photo: N-KOM

Nakilat-Keppel Offshore & Marine (N-KOM), which recently celebrated its fourth year in operation, has seen an increasing number of tankers dry docking at its facility in Qatar. With the introduction of de-mucking and de-slopping facilities


N-KOM Completes its 100th LNGC Repair

Photo: N-KOM

Nakilat-Keppel Offshore & Marine (N-KOM) completed its 100th LNG carrier repair at Qatar’s Erhama Bin Jaber Al Jalahma Shipyard   Eng. Abdullah Fadhalah Al-Sulaiti, Chairman of N-KOM and Managing Director of Nakilat, said, "Nakilat is a world-leader in global gas


Keppel FELS Delivers Largest Rig to Maersk

Maersk Integrator Photo courtesy Keppel Offshore & Marine

Keppel FELS Limited has delivered the ultra-harsh jackup rig, Maersk Integrator, to Maersk Drilling, a wholly owned subsidiary of A.P. Moller - Maersk A/S, thirty days ahead of schedule, on budget and with a perfect safety record. The rig was named at a ceremony today in Keppel FELS by Ms


Keppel Appoints Vestring to its Board

Courtesy Keppel

Keppel Corporation Limited (Keppel) is pleased to announce the appointment of Mr Till Vestring as Independent Director on the Company's Board with effect from 16 February 2015 Mr Vestring, 50, is a partner in Bain & Company's (Bain) Southeast Asia office


Maersk Drilling Names Third XLE Jack-up Rig

Photo: Maersk Drilling

Maersk Drilling’s third XL Enhanced ultra harsh environment jack-up was named Maersk Integrator by Statoil’s Executive Vice President Margareth Øvrum at a ceremony held at the Keppel FELS shipyard in Singapore Saturday morning.  


N-KOM, Wärtsilä Ink Repair Agreement

The MoU was signed by CEO of N-KOM Chandru Rajwani (right) and Seppo Hautajoki (left) Managing Director of Wärtsilä Doha LLC & Wärtsilä Gulf FZE (Dubai). (Photo: N-KOM)

Nakilat Keppel Offshore & Marine (N-KOM) and Wärtsilä have signed a Memorandum of Understanding (MoU) agreeing to work together to increase business opportunities in repair and maintenance services for marine and offshore vessels, as well as onshore structures at the shipyard.


Rolls-Royce Gas Engines for FLNG Power Generation

Photo courtesy of Rolls-Royce

Rolls-Royce has secured a contract with Keppel Shipyard in Singapore to supply two all-gas engines for power generation on-board a Floating Liquefaction Vessel (FLNGV) owned by Golar LNG Ltd. The vessel Hilli was a former LNG carrier and is being converted to a FLNGV carrier.


CSIC, CSSC Dismiss Shipbuilder Merger Rumors

China's state-backed shipbuilding giants said they have not received any merger-related information from authorities, after an executive swap between the firms sparked a market rally in their shares. The pair are the latest state firms to see merger rumours trigger jumps in their share prices


Carnival Sails to Profit

Image:  Carnival Corporation & plc

 The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28.   That compared with a loss of $20 million, or 3 cents per share, in the 2014 quarter


Keppel FELS Delivers 11th Jackup to Mexico

Photo courtesy of Keppel FELS

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered a KFELS B Class jackup rig to Mexican national oil company, Petróleos Mexicanos (PEMEX), safely, on time and on budget.  


Keppel's Independent Director Leong-Chee to retire

Independent Director Mr Tony Chew Leong-Chee

  Keppel Corporation Limited (Keppel Corporation) announced that Mr Tony Chew Leong-Chee, Non-Executive and Independent Director, will be retiring from the Board of Directors of Keppel Corporation on 1 May 2015. Mr Chew will concurrently cease to be Chairman of the Nominating Committee and






 
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