Singapore’s KrisEnergy is on the verge of collapse and eagle-eyed investors, seeking assets at bargain prices, are preparing to pick over the company’s carcass. However, given KrisEnergy’s recent dismal performance in Cambodia, there is not much left of interest.
Singapore-listed KrisEnergy – widely seen as a zombie company - is finally on the verge of collapse after production from its Apsara oilfield offshore Cambodia failed to meet expectations. Significantly, it should come as no surprise that the frontier basin disappointed.
Singapore’s 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 world’s largest bunkering port, is aiming to pioneer the world’s first ship-to-ship ammonia bunkering base to help decarbonise global shipping.
FueLNG, a joint venture between Keppel O&M and Anglo-Dutch major Shell, has started up Singapore’s first LNG bunkering ship, the FueLNG Bellina. It marks part of Singapore’s efforts to establish itself as a global LNG bunkering hub.
Drilling contractor Awilco crashed to pre-tax losses of $156 million in 2020, widening from a deficit of $30m in 2019 and driven by impairments and cancelled rig construction deals.
Awilco chief executive Jens Berge has quit, saying the troubled drilling rig contractor had reached a “crossroads”.
Singaporean rig builder Keppel Fels has commenced arbitration proceedings to challenge Awilco's decision to terminate a $425 million order.
Rig builder Keppel Fels is "considering legal options" after Oslo-listed contractor Awilco pulled the plug on a $425 million order.
Singapore-based rig builder Keppel has inked contracts worth £77m million for a newbuild dredger and the modification of a floating production, storage and offloading vessel (FPSO).
Keppel Offshore & Marine has secured integration and upgrading contracts worth about £90 million.
North Sea contractor Awilco Drilling has ordered a new semi-submersible rig for £325 million – and found a new chief executive.
Borr Drilling said it would buy five newbuild jack-up rigs from Keppel for £550million.
Vessel contractor Transocean has completed the $1.35billion sale of its jack-up rig fleet to Borr Drilling.
Ophir Energy said today that construction contracts had been awarded for the conversion of a vessel for its Fortuna FLNG project offshore Equatorial Guinea.
Damen has acquired the Keppel Verolme shipyard in the Rotterdam Botlek area from Keppel Offshore & Marine.
The world’s largest builder of oil rigs cut its workforce by more than 10,000 people in 2016.
Maersk Drilling has taken delivery of the jack-up rig that will perform plug and abandonment work on the Valhall field.
Rig builder Keppel is ready to rescue KrisEnergy by subscribing to an bond offer from the debt-laden oil and gas explorer, a news report said.
Keppel said “certain transactions” linked to a former agent in Brazil “may be suspicious”, according to an internal investigation.
Keppel Singmarine has won a contract to build three trailing suction hopper dredgers in a $100million deal for Jan De Nul group.
Keppel Corp., the world’s largest builder of oil rigs, said it won’t resume work for a key Brazilian client until the customer restarts making payments on its orders.
Transocean today confirmed it would delay the delivery of five jackup until 2020.
BG Group and Keppel Offshore & Marine have secured a licence to supply LNG bunker to vessels in the Port of Singapore.
Singapore's Keppel Corporation said on Thursday its fourth-quarter net profit fell 44% and its 2015 profit dropped to a five-year low as plunging oil prices hit demand for offshore rigs.