Singapore Launches Autonomous Tug Project
Singapore yard Keppel Offshore & Marine (Keppel O&M) said that its wholly-owned subsidiary Keppel Singmarine will develop an autonomous tug that will be operated by Keppel Smit Towage.The tug is expected to be one of Singapore’s first autonomous vessels when the project is completed in 4Q 2020.To develop the autonomous tug, Keppel O&M has secured a grant of up to S$2 million from the Maritime and Port Authority of Singapore (MPA) under its Maritime Innovation and Technology Fund (MINT FUND).This follows the Memorandum of Understanding signed by Keppel O&M…
Keppel Wins FPSO, FSRU Contracts
In Brazil, Keppel FELS Brasil Ltda (Keppel FELS Brasil) has been engaged by MODEC Offshore Production Systems (Singapore) Pte Ltd., part of the MODEC, Inc. group, to undertake the topside module fabrication and integration of the FPSO Carioca MV30, a Floating Production Storage and Offloading vessel (FPSO). This is the sixth FPSO collaboration between Keppel FELS Brasil and MODEC.In Singapore, Keppel Shipyard Ltd (Keppel Shipyard) has been entrusted with the conversion of a LNG Carrier to a Floating Storage and Re-gasification Unit (FSRU) by a leading global operator of oil and gas production vessels.Mr Chris Ong, CEO of Keppel O&M, said…
Keppel O&M to Pay US$422m to Resolve Petrobras Issue
Keppel Corporation Limited (Keppel Corporation or Keppel) today confirmed that KOM has reached a global resolution with criminal authorities in the United States, Brazil and Singapore in relation to corrupt payments made by KOM's former agent in Brazil, Zwi Skornicki. As part of the global resolution, KOM has accepted a conditional warning from the Corrupt Practices Investigation Bureau (CPIB) in Singapore, and entered into a Deferred Prosecution Agreement (DPA) with the U.S.
BrasFELS Delivers Fifth FPSO Project for MODEC
Keppel Offshore & Marine's (Keppel O&M) wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a Floating Production Storage and Offloading (FPSO) vessel, to repeat customer MODEC Offshore Production Systems (Singapore) Pte. Ltd., an EPCI arm of the MODEC, Inc. group (MODEC). The FPSO was completed safely, on time and within budget, and departed the shipyard recently for the Bananal Bay in Brazil. It will subsequently be deployed in the Tartaruga Verde and Tartaruga Mestiça Fields…
NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands
The National Parks Board (NParks) and Keppel Corporation today unveiled plans for a partnership to restore the freshwater forest wetland ecosystem historically found in the vicinity of the Singapore Botanic Gardens. Located in the upcoming Learning Forest extension, the restored 1.8 hectare forest wetland will enhance the biodiversity found there, and for the very first time, provide educational opportunities for the public to access and experience a freshwater forest wetland habitat, right in the heart of the city.
Keppel to Focus on its Asset Management Businesses
Keppel plans to consolidate its interests in business trust, REIT and fund management under Keppel Capital and grow its asset management business. In a major restructuring exercise to grow the contribution from its Investment Division, Keppel Corporation Limited (Keppel Corporation) plans to consolidate its interests in business trust management, real estate investment trust (REIT) management and fund management businesses (collectively, "Asset Management") under Keppel Capital Holdings Pte. Ltd. (Keppel Capital), a wholly-owned subsidiary of Keppel Corporation.
Keppel Makes a Clean Sweep at WSH Awards
Keppel Group has clinched 35 awards at this year's Workplace Safety and Health (WSH) Awards, organised by the Workplace Safety and Health Council (WSHC) and Ministry of Manpower (MOM), Singapore. It is the highest number of awards won by a single organisation this year. Of the 35 awards, Keppel Offshore & Marine (Keppel O&M) bagged 31 awards under the Safety and Health Award Recognition for Projects (SHARP) category for its exemplary safety performance as well as good safety and health management systems. Keppel Shipyard also clinched the WSH Innovation Award with the Coupler Repair Workbench.
Keppel's Independent Director Leong-Chee to retire
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 member of the Audit Committee. Dr Lee Boon Yang, Chairman of Keppel Corporation said, "On behalf of the Board, I would like to thank Tony for his contributions during his 13 years of distinguished service. The Keppel Group has benefited from his extensive business experience, wisdom and entrepreneurial spirit.
Keppel Listed on Global Sustainability Indices
Driven by a firm commitment to continuously strengthen its environmental, social and governance (ESG) management and strategy, Keppel Corporation's sustainability efforts have gained momentum, affirmed by inclusion on several global sustainability benchmarks in recent months. Keppel Corporation has been included on the latest Euronext Vigeo World 120 index released 28 November 2014. The company has been listed among the top 120 companies in Europe, North America and Asia Pacific for control of corporate responsibility risk and contribution to sustainable development. In September 2014, Keppel Corporation was the only industrial conglomerate and one of four Singapore companies to be listed as an index component of the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific) 2013/14.
Keppel Infrastructure Sheds Facilities Arm
Keppel Infrastructure Holdings Pte Ltd (KI), through its wholly-owned subsidiary, has signed an agreement for the sale of its entire stake in Keppel FMO (KFMO) to Cofely GDF SUEZ for a cash consideration of S$44.72 million, subject to a post-closing adjustment for working capital and a deferred consideration amount of up to S$9.72 million. KFMO provides integrated facilities management services for clients across various industries and business segments in both the public and private sectors. The purchaser, Cofely South East Asia Pte. Ltd. is a subsidiary of the GDF SUEZ Group. Cofely GDF SUEZ is one of Europe's leading facilities managers, involved in the design, implementation and delivery of integrated facilities management solutions.
Keppel's Senior Executive Director to Retire
Keppel Corporation Limited announced that Teo Soon Hoe, Senior Executive Director, Keppel Corporation will retire June 1, 2014. Teo will step down as Chairman of Keppel Telecommunications & Transportation Ltd (Keppel T&T) and non-independent director of Keppel Infrastructure Fund Management Pte Ltd (KIFM), Trustee Manager of Keppel Infrastructure Trust, with effect from the same date. Teo will continue to represent Keppel Corporation as its nominee director on the boards of Tianjin Eco-city companies, and k1 Ventures Limited. Further, Keppel Land Limited (Keppel Land) and Keppel T&T have appointed him as Senior Advisor to their respective boards and he will also continue to represent Keppel T&T as its nominee director on the board of M1 Limited.
Keppel Launches Mobile Website
Keppel Corporation launched a mobile-friendly website, www.kepcorp.com. The mobile website puts important company information at the fingertips of users on-the-go, offering streamlined content with seamless navigation at optimal loading speeds. Company announcements, live stock prices, video clips and other investor information are just taps away. Keppel Corporation’s mobile website is compatible with Apple and Android (e.g. Samsung & HTC) smartphones. The company welcomes feedback on the mobile website at email@example.com
Keppel Partners Esplanade in Singapore Schools Program
Keppel Corporation will partner Esplanade - Theatres on the Bay to relaunch its Keppel Nights programme, supporting the centre's efforts to cultivate lifelong arts engagement among the young. Keppel has committed $360,000 over two years to Esplanade in support of the program. Keppel Nights, launched by Keppel Corporation in 2008, was a first-of-its-kind sustained ticket subsidy programme to nurture an audience for the arts. It benefited over 15,000 arts goers and supported over 200 shows.
Keppel Charts The Next Lap Of Growth
The Board and Management of Keppel Corporation Limited (Keppel Corp) has announced the Group's holistic succession plan in charting its next lap of growth. On 1 January 2014, Mr Choo Chiau Beng, 65, CEO of Keppel Corp, will be succeeded by CFO Mr Loh Chin Hua. At Keppel Offshore & Marine Ltd (Keppel O&M), Mr Tong Chong Heong, 66, will be succeeded by COO Mr Chow Yew Yuen as CEO with effect from 1 February 2014. Mr Choo and Mr Tong will be appointed as Senior Advisors to the respective Boards of Keppel Corp, and Keppel O&M and Keppel Infrastructure, thereafter. The Company will make an announcement on the appointment of the new CFO for Keppel Corp at an appropriate time.
New Appointments at Keppel Strengthen Growth
The Board and Management of Keppel Offshore & Marine Ltd (Keppel O&M) wish to announce several new appointments as part of ongoing efforts to put in place a strong leadership team to continually reinforce the Group's growth strategy. Mr Michael Chia, 59, has been appointed Managing Director (Marine) of Keppel O&M and will oversee Keppel O&M's Marine Division which includes Keppel Shipyard, Keppel Singmarine and other marine-related overseas yards. Mr Chia will concurrently hold his appointments as Managing Director (Technology) of Keppel O&M and Managing Director of Keppel O&M Technology Centre. He will report directly to Mr Chow Yew Yuen, Chief Operating Officer of Keppel O&M.
Keppel Sets Up Charitable Foundation
Keppel Corporation launch Keppel Care Foundation Limited to help the needy & under-privileged, promote education & encourage eco-friendly initiatives. The Keppel Group of Companies (Keppel) will commit up to S$50 million over the next ten years to the Foundation. Provide relief from human suffering and improve the standard of human life by the prevention, combating and treatment of sickness and disease. Former President of the Republic of Singapore, Mr S R Nathan, launched the Keppel Care Foundation today at a fundraising concert to celebrate Keppel Offshore & Marine's 10th anniversary. At the launch, President Nathan also witnessed the presentation of cheques from the Foundation totalling S$6.7 million.
Keppel Group Releases Dates for First Quarter 2011 Financial Results
The Keppel Group of Companies is pleased to announce its first quarter 2011 financial results on the following dates: * K-Green Trust on 14 April 2011 * K-REIT Asia on 14 April 2011 * Keppel Telecommunications & Transportation Ltd on 18 April 2011 * Keppel Land Limited on 19 April 2011 * Keppel Corporation Limited on 20 April 2011 This notice will be updated should there be any amendments Source: Keppel Group
Keppel FELS to Build $205m Jackup Rig
Keppel FELS Limited (Keppel FELS) will build a third KFELS B Class jackup drilling rig worth about US$205 million for PetroVietnam Drilling & Well Services Corp’s (PV Drilling) subsidiary PetroVietnam Drilling Investment Corp (PVD Invest). The agreement is subject to conditions being met by March 14. This latest unit and PVD Invest’s second rig PV Drilling II, which is already under construction at Keppel FELS, are scheduled for delivery in the fourth quarter of 2009 respectively.
Keppel FELS Completes Singaporean Project
Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has completed the construction of its second jackup drilling rig for Gulf Drilling International Ltd (GDI), a joint venture between Qatar Petroleum (QP) and Japan Drilling Co., Ltd. (JDC). At a ceremony on 26 January 2008, the rig was named Al-Zubarah, after one of Qatar’s very important economic centres, by Mr Mohammad Al-Shirrawi, Chairman of the Board of Directors of GDI. Built to Keppel’s proprietary KFELS B Class design, the rig has been customised to GDI’s requirements for drilling in the Arabian Gulf. Al-Zubarah is capable of operating in water depths of up to 300 feet, drilling 30,000 feet deep and accommodating up to 110 men.
Keppel To Restructure KHZ Under Keppel FELS
Keppel Corporation Limited (KCL) will restructure Keppel Hitachi Zosen Limited (KHZ) under Keppel FELS Limited (Keppel FELS), the rig building and repair arm of Keppel FELS Energy and Infrastructure (KFEI), to create a global leader in servicing the international marine and offshore market. KCL will transfer its entire 61% interest in KHZ to Keppel FELS immediately upon completion of the privatization of Keppel FELS Energy & Infrastructure Ltd (KFEI) in early to mid November this year. Shareholders of KFEI have given their approval for the delisting of the company on October 5. KCL Executive Director Choo Chiau Beng, said, ?The restructuring…
Keppel Converts Tanker into FPSO
Keppel Shipyard, a division of Keppel Group, has successfully converted a 155,000dwt tanker into a Floating Production Storage and Offloading Vessel (FPSO) for ProSafe. The vessel, previously known as White Sea, was named Espoir Ivoirien by Mrs Agnes Monnet, wife of the Minister of Mines and Energy, Côte d’Ivoire, at a ceremony at Keppel Shipyard this afternoon. The conversion of Espoir Ivoirien, included the construction and installation of an internal turret and the installation and integration of the complete topside equipment package. Preparatory work for the conversion began in Subic Shipyard which carried out surface treatment, repair, blasting and painting.
Smedvig Buys Keppel’s Interest in Rig
Smedvig Asia has exercised its option to purchase Keppel Hitachi Zosen’s (KHZ) interest in the semi-submersible tender rig, West Alliance, for US$61.5 million on November 2, 2001. In mid August this year, Smedvig Asia had announced its intention to purchase KHZ’s stake in the rig once the vessel commences operations. With the exercise of its option, Smedvig Asia now owns 100 percent of West Alliance. West Alliance, now deployed in East Malaysia under a contract with Esso Malaysia, was successfully built and delivered by Keppel Shipyard, a member of the Keppel Group, in October 2001.
Keppel FELS Will Build TLP for Atlantia Offshore
Keppel FELS Limited (KFELS), the offshore arm of the Keppel Group, has secured a contract from Atlantia Offshore Limited to build a Tension Leg Platform (TLP) hull structure. The $22 million contract involves the construction of the hull structure of Atlantia’s Seastar TLP System, which supports a self-contained topside with full production, work over, utility and accommodation capabilities. The 84 feet diameter column hull structure, to be built in KFELS’ Pioneer Yard, consists of a central moon-pool and a Y-shape base pontoon for attachment of the mooring tendons. The project is expected to be completed by end December 2002 and the platform will operate in the Matterhorn Field located in the Gulf of Mexico.