Deputy Prime Minister Heng Swee Keat said that Singapore could review a decision not to prosecute key figures at Keppel Offshore & Marine Ltd. over a major bribery case involving payments to Brazilโs state-run energy company Petrobras if thereโs new evidence that warrants doing so.
Singaporeโs Corrupt Practices Investigation Bureau (CPIB) has issued stern warnings to six ex-senior management staff of Keppel Offshore & Marine for their alleged bribery involving contracts with Brazilโs state-owned oil company Petrobras.
Keppel Offshore and Marine's (Keppel O&M's) (SGX:BN4) wholly owned subsidiary, Keppel Shipyard, has won an international tender from Brazilโs national oil company, Petroleo Brasileiro S.A (Petrobras), for the engineering, procurement and construction (EPC) of P-80, a floating production, storage and offloading vessel (FPSO) in a deal worth about US$2.9 billion.
Keppel Offshore & Marine subsidiary Keppel FELS will terminate three contracts that will see the Singapore yard seize ownership of a jack-up and semi-submersible rig, that it will have the rights to sell, after clients failed to pay up.
Singaporeโs Sembcorp Marine (SGX:S51) has released the financial and operating metrics of its proposed combination with a restructured Keppel Offshore and Marine (Keppel O&M) (SGX:BN4) in a response to queries from its shareholders that fear share dilution.
Singapore rig builder Keppel Offshore & Marine (Keppel O&M) will send another two jack-up rigs to the Middle East in a deal worth up to S$120 million (US$87.2 million) as the oil and gas market improves.
Singapore yard Keppel Offshore & Marine (Keppel O&M) has been awarded two integration FPSO integration contracts worth S$250 million ($180 million) from BW Offshore and Single Buoy Moorings (SBM).
Sembcorp Marine has agreed to merge with Keppel Offshore & Marine in a deal that will create the worldโs biggest builder of oil rigs and push the business further into renewables and alternative energy solutions. The pair are forming what could be one of the worldโs largest offshore energy players worth $6.3 billion.
An agreement on the proposed merger between Singapore shipyard giants Keppel Offshore & Marine (Keppel O&M) and Sembcorp Marine should be struck by the end of April 2022. However, while significant progress has been made in advancing the deal that would create a mega-yard group, the pair said yesterday there โis no guarantee that definitive agreements will be executed.โ
Singaporeโs Keppel Offshore & Marine (Keppel O&M) has signed a global framework agreement with giant offshore wind developer Orsted to potentially undertake future offshore substation (OSS) projects.
Singapore yard Keppel Offshore &Marine (Keppel O&M) has delivered a mega floating storage and offloading (FPSO) vessel dubbed Liza Unity to SBM Offshore that will process oil from the prolific Stabroaek Block offshore Guyana.
Singapore offshore and marine giant Sembcorp Marine will raise S$1.5 billion (US$1.1 billion) in funds from a rights issue to support the companyโs operations. The rig builder has been struggling with rising costs and delays to projects being built at its yards.
Singapore rig builder Keppel Offshore & Marine has received a request for arbitration from an unnamed counterparty relating to two engineering, procurement and construction (EPC) contracts for floating production storage and offloading units (FPSOs).
Singaporeโs Keppel Offshore & Marine (Keppel O&M) will build one of the worldโs largest floating production storage and offloading (FPSO) vessels for Brazilโs Petrobras after winning a contract worth $2.3 billion.
Singaporeโs Keppel Offshore & Marine (Keppel O&M) has delivered its second newbuild liquefied natural gas (LNG) carrier to small-scale integrated supplier Avenir LNG.
Singapore, home to the worldโs largest bunkering port, is aiming to pioneer the worldโs first ship-to-ship ammonia bunkering base to help decarbonise global shipping.
New liquefaction projects are unlikely for the time being, Golar LNG has said, but in the longer run its floating LNG (FLNG) technology is an attractive option for exporting gas.