Keppel News

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Singapore's Offshore Industry Recovering

owns offshore support vessels, tugs and barges and recently finished restructuring its debt after getting "almost zero" enquiries in the previous two years."It is going to be difficult to attract new people or even bring back those who have left," he said.Even sector heavyweights Keppel Corp and Sembcorp Marine said recently they were not hopeful of any quick recovery."While overall sentiment and offshore capex spend have begun to improve, it will take some time before sustained new orders occur," Wong Weng Sun, Sembcorp Marine's chief executive, said at its results

Shipbuilding: Keppel Bags Order for Van Oord Dredgers

Keppel Singmarine Pte won contracts from Van Oord to build two Trailing Suction Hopper Dredgers (with an option for a third), the shipbuilder announced, scheduled for completion in 4Q 2020 and 2Q 2021 respectively.   Built to the standards of Bureau Veritas, Each TSHDs will have a hopper capacity of 10,500 cubic meters, and more importantly for environmental concerts, both will be equipped with dual-fuel systems capable of running on LNG.   "We are pleased to work with Keppel on these modern and environmentally-friendly dredgers which will strengthen our mid-class dredger fleet as

The Offshore Division, helmed by Keppel FELS, leads the industry in the design and building of high performance mobile offshore rigs. Photo Keppel

Keppel Bags Awilco's Semi-submersible Rig Order

Following the Letter of Intent signed by Keppel Offshore & Marine Ltd through its wholly-owned subsidiary, Keppel FELS Limited, with Awilco Drilling PLC, Keppel has secured the contract to construct a mid-water semisubmersible (semi) drilling rig for harsh environment use worth about $425 million. As part of the transaction, Awilco has independent options to order up to another three similar rigs to be exercised within 12, 24 and 36 months respectively. The prices of the three additional rigs are subject to cost adjustments and will only be finalised and announced separately if and when the

Designed by Keppel Offshore & Marine and built by Baku Shipyard, the state-of-the-art subsea construction vessel, Khankendi, will install the biggest subsea production system in the Caspian Sea (Photo: Keppel)

Subsea Construction Vessel Launched in Azerbaijan

The vessel was named Khankendi by the President of Azerbaijan, H.E. Ilham Aliyev, at a ceremony in Baku Shipyard and launched by the Shah Deniz consortium.   Baku Shipyard LLC, a joint venture between Keppel Offshore & Marine Ltd (Keppel O&M), State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Investment Company (AIC), has completed a Subsea Construction Vessel (SCV) for the Caspian region.   The Khankendi will be deployed to the Shah Deniz field where it is expected to perform subsea installation and construction work over the next eleven years. The SCV was specifical

Royal Boskalis Westminster N.V.  closed the third quarter of 2016 in line with expectations. Image Boskalis

Boskalis Profits Zoom as Expected

revenue at Salvage in the third quarter was comparable to the first two quarters. Contrary to last year, this year there were no large wreck removal projects in progress or in the order book. There was no material change in the picture at the Towage joint ventures and associated companies (Smit Lamnalco, Keppel Smit Towage, Saam Smit Towage and, from the second quarter, KOTUG SMIT Towage) in the third quarter compared to the first half of the year. The contribution to the result from Smit Lamnalco and Keppel Smit Towage was lower than expected due to pressure on end markets. The Holding segment mainly

Acquisition of data centre in Milan, Italy Photo Keppel

Keppel Expands Footprint to Italy

Keppel DC REIT has expanded its geographical presence in Europe with the acquisition of the shell and core building of a data centre in Milan, Italy. The purchase consideration of the data centre is EUR 37.3 million (approximately S$57.3 million1). The data centre comprises three interconnected four-storey buildings with a total lettable area of approximately 15,365 sqm (165,389 sq ft). The facility is sited on 11,965 sqm (128,791 sq ft) of freehold land that is approximately eight kilometres away from the Milan city centre, well connected and easily accessible via the Milan Metro system. The

KFELS B Class jackup rig Photo Keppel

Keppel Delivers Jackup to Perforadora Central

Keppel AmFELS LLC, a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) in the U.S., has delivered Uxpanapa, a KFELS B Class jackup rig, to Mexico's Central Panuco S.A. De C.V. (Central Panuco), a subsidiary of Mexico's Perforadora Central S.V. De C.V. on time and within budget. The rig was christened yesterday at Keppel AmFELS' yard in Brownsville, Texas by the owners of Central Panuco. Uxpanapa is the the fifth jackup rig built by Keppel AmFELS for Perforadora Central and the second based on Keppel's proprietary KFELS B Class design. Mr Simon Lee, President of

Senior managers and technical personnel from ABS and Keppel participated in a two-day workshop. Photo ABS

ABS to Collaborate with Keppel

ABS is pursuing multiple major joint development projects (JDPs) with Keppel Offshore & Marine Technology Centre (KOMtech). The JDPs will include topics such as special purpose rigs, data analytics, and subsea technology. Senior managers and technical personnel from both companies came together for a two-day workshop to identify areas where they can collaborate to develop innovative technology to address offshore industry challenges and improve efficiency on existing processes. “This collaboration clearly defines our role as a technology leader and trusted advisor in the industry

The DLV 2000 pipelay vessel under way during sea trials off Singapore in April 2016. (Photo: McDermott)

McDermott Names Flagship Pipelayer in Singapore

McDermott International, Inc. formally named its flagship Derrick Lay Vessel 2000 (DLV 2000) during a ceremony at the Keppel Singmarine Shipyard in Singapore.   Brenda Cuthbertson, wife of 38-year McDermott employee and Asia Area Vice President Hugh Cuthbertson, served as the vessel’s godmother and named the DLV 2000 with the traditional breaking of champagne during the ceremony. The ceremony was attended by invited guests, McDermott and Keppel executives and employees and was followed by guided tours and lunch on the vessel.   The DLV 2000 is a class 3 dynamically positioned

Courtesy Keppel FELS Brasil in Rio de Janeiro

Keppel Bags BRL 500 mln MODEC Project

Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC Offshore Production Systems (Singapore) Pte. Ltd., a MODEC, Inc. group (MODEC) company, for a contract value of over BRL 500 million (SGD190 million). BrasFELS' work scope for this project comprises the fabrication and integration of nine topside production modules for the FPSO Cidade de Campos dos Goytacazes MV29. The vessel is expected to


Keppel Bags Another Liftboat Order

  Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from Crystal Heights Holdings Limited (Crystal Heights), a company specialised in the offshore oil and gas market, to build a high specification liftboat worth US$85 million. The liftboat is designed by Keppel O&M's liftboat design specialist, Bennett Offshore in collaboration with Keppel FELS. Scheduled for delivery in 4Q 2017, the liftboat will have provisions enabling it to operate in China, the Middle East and the Gulf of Mexico. Liftboats are

Keppel Unit Inks Seabed Exploration Contract

A subsidiary of Singaporean conglomerate Keppel Corp Ltd said it signed a 15-year contract with the International Seabed Authority to search the ocean for scarce minerals.   The push to explore the ocean is gaining momentum as ore grades on land decline and demand grows for metals in high-tech applications.   Ocean Mineral Singapore Pte Ltd (OMS) said it would conduct environmental studies and surveys for deposits of polymetallic nodules, which contain copper, nickel, cobalt and manganese, along with rare earth minerals, at a site within the Clarion-Clipperton Zone, located between

Major Pacific trenches (1–10) and fracture zones (11–20). The Clipperton Fracture Zone is the nearly horizontal line No. 15 below the Clarion Fracture Zone (14), and the Middle America Trench is the deep-blue line No. 9. Photo Wikipedia

Ocean Mineral Singapore Contract for Seabed Exploration

ISA and Mr Ong Ye Kung, Director of OMS, and was witnessed by Guest-of-Honour, Mr Masagos Zulkifli Bin Masagos Mohamad, Minister, Prime Minister's Office and Second Minister for Home Affairs and Foreign Affairs, as well as Ambassador Tommy Koh, Singapore's Ambassador-at-Large, and Mr Loh Chin Hua, CEO of Keppel Corporation. The contract signing follows the approval of OMS's application for the exploration licence for polymetallic nodules awarded by the ISA earlier on 21 July 2014. Mr Ong said, "We are encouraged by reaching another milestone in our journey to find a more sustainable way of supporting

Keppel AmFELS is the premier offshore yard in the Gulf of Mexico

More Keppel FELS Jackup Rigs for Mexico

  Keppel FELS Limited , a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), is on track to deliver three KFELS B Class jackup rigs to Mexican company, Grupo R, safely, on time and on budget. A world's first triple rig naming ceremony was held today at Keppel FELS' yard with Mr Chan Chun Sing, Singapore's Minister in Prime Minister's Office and Secretary-General of the National Trades Union Congress as the Guest of Honour. Built to Keppel's proprietary KFELS B Class design, the three identical rigs were named CANTARELL I, CANTARELL II and CANTARELL III, after the

ENSCO  104

ENSCO 110, ENSCO 104 Contracted for UAE & M.E.

jackups, and we continue to invest in new rig technology for the benefit of customers. In addition to ENSCO 110, two more high-specification jackups, ENSCO 140 and ENSCO 141, are scheduled for delivery in 2016 from Lamprell’s shipyard in the United Arab Emirates.” ENSCO 110 is based on the Keppel FELS B Class Bigfoot design, which is capable of working at water depths up to 400 feet with a maximum drilling depth of 30,000 feet. The rig has a nominal variable deck load of 7,500 kips and a cantilever load of 2,500 kips. It includes a 1.5 million-pound derrick, TDS-8 top drive and 4-ram 15,000-psi

Rig P-61 courtesy Petrobras

Petrobras Starts Production on Offshore Rig P-61

.   Producing wells in the P-63 are connected through flexible subsea pipelines with electric heating known as IPB (Integrated Production Bundle) and 18 production wells in the field have submerged centrifugal pumps.   The top of the unit (topside) of the P-61 was built in the shipyard Keppel Fels in Singapore. The hull and operation of "mating" (bonding step hull with topside) were completed at the shipyard Brasfels in Angra dos Reis, Rio de Janeiro.   The presence of oil reservoirs between 14 and 17 degrees API, combined with the extensive water depth, makes the development

Courtesy Keppel

Keppel Appoints Vestring to its Board

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. Of his 24-year career with Bain, Mr Vestring has spent over two decades in Asia advising leading companies on portfolio strategy, growth, mergers and acquisitions, merger integration, organisation and performance improvement. The companies he has advised include those in shipping, offshore & marine, industrial products, automotive, infrastru

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