Saturday, August 15, 2020

Keppel News

BP Issues Force Majeure Notice for Golar FLNG Unit

(Image: BP)

Golar LNG Ltd said on Tuesday that it received a force majeure notice from a BP Plc unit seeking to delay taking delivery of a floating liquefied natural gas facility by a year.The notice is the latest force majeure claim issued in the LNG sector that is struggling with…

ABB Bags DolWin5 Gig

Map: ABB

Swiss-Swedish multinational corporation ABB has won EUR10.6 million order for digital products and services to support the DolWin5 (Epsilon) offshore grid connection project in Germany.According to a press note from the technology company, ABB will provide a system for IT infrastructure…

K Line, FueLNG Team-up on LNG Bunker

Image: Kawasaki Kisen Kaisha

Japanese shipping firm Kawasaki Kisen Kaisha (K Line) has announced that it has concluded a ship management agreement with FueLNG Pte Ltd for a 7500 m3 LNG bunkering vessel (LBV).FueLNG will own and operate the vessel, as well as carry out all commercial operations, said…

Keppel, Sembcorp Reach Deal with Embattled Brazil Firm

When the Settlement Agreement is completed, Keppel O&M will have full ownership over the four uncompleted rigs to explore various options to extract the best value from the assets.  Keppel O&M is also in discussions with Magni Partners on the terms to complete the construction of the drilling rigs Urca (pictured) and Frade, which are about 92% and 70% completed respectively. (Photo: Keppel)

Singapore firms Keppel Corp and Sembcorp Marine said on Monday they had reached settlements with indebted Brazilian firm Sete Brasil over long-standing contracts to build drillships and rigs.Sete, which leased oil rigs to Brazil's state oil firm Petroleo Brasileiro SA (Petrobras)…

Floatel Gets Martin Linge Extension

Floatel Superior. Image: Floatel International Group

Swedish contractor Floatel International has received a new extension from Equinor for its accommodation unit Floatel Superior at the Martin Linge Field Development in Norway’s North Sea.The onshore operational support and supervision company said in a press release that…

FueLNG Scores Century in Singapore Bunkering

Image: Shell Global

FueLNG, a joint venture between Keppel Offshore & Marine Ltd (Keppel O&M) and Shell Eastern Petroleum (Pte) Ltd, has set a new industry milestone for Singapore by completing its 100th LNG bunkering operation.Since May 2018, FueLNG has been providing truck-to-ship LNG bunkering…

Keppel Makes First LNG Cargo Import from N. America

Pic: Keppel Corporation

Singapore's Keppel Gas, a wholly owned subsidiary of Keppel Infrastructure Holdings, has completed its first liquefied natural gas (LNG) cargo import under Singapore's spot import policy.The policy allows gas customers in the Republic to import up to 10 per cent of their…

Keppel, Golar to Build FLNG Facility

Image: Keppel Corporation

Keppel Corporation will partner liquefied natural gas (LNG) shipping company Golar LNG  to develop a floating LNG facility (FLNG) facility to be located on the Mauritania and Senegal maritime border.Keppel will partner Golar by subscribing for 30 per cent in Gimi MS Corporation…

Golar to Supply FLNG for BP

Greater Tortue Ahmeyim LNG development (Image: BP)

Golar LNG Limited announced Tuesday that its newly incorporated subsidiary Gimi MS Corporation has entered into a 20-year Lease and Operate Agreement (LOA) with BP for the charter of a floating liquefied natural gas (FLNG) unit, Gimi, to service the Greater Tortue Ahmeyim…

Velesto Gets Contract Extension from Hess

Image: Malaysia Petroleum Resources Corporation

Malaysian drilling contactor Velesto Drilling said that the oil company Hess Exploration and Production Malaysia has extended the contract for the Naga 8 jack-up drilling rig in North Malay Basin, Malaysia.Naga 8 jack-up rig is owned by Velesto Drilling (previously known as UMW Offshore Drilling)…

Shipbuilding: Keppel Sees Rig Recovery, Profits Up

© Aomarch / AdobeStock

Singaporean conglomerate Keppel Corp posted improved results for the fourth quarter, helped by narrower losses in its offshore and marine division, and said it was seeing signs of recovery in the rig industry.The company on Thursday reported a net profit of S$135 million ($99.2 million) for the quarter ended December…

FSRU Enters Qatar Drydock for Maintenance

FSRU Exquisite (Photo: Nakilat)

A floating storage regasification unit (FSRU) owned by U.S. based Excelerate Energy will undergo drydocking, maintenance and upgrades at the Erhama Bin Jaber Al Jalahma Shipyard in Qatar, prior to its deployment in Bangladesh.The drydocking of FSRU Excelerate, announced Tuesday by Nakilat-Keppel Offshore & Marine (N-KOM)…

Singapore MPA, Société Générale Join LNG Advocacy Group

Pic: SEA\LNG

The liquefied natural gas (LNG) advocacy group SEA\LNG has announced the appointment of Paul Taylor representing Société Générale and Capt M. Segar representing MPA (The Maritime and Port Authority) of Singapore as Directors of SEA\LNG Ltd.Following elections last December…

N-KOM Building Offshore Living Quarters in Qatar

(Photo: N-KOM)

Nakilat-Keppel Offshore & Marine (N-KOM) held a steel cutting ceremony for a new offshore accommodation platform under construction at the Erhama bin Jaber Al Jalahma Shipyard in Qatar.Chief Executive Officer of Nakilat, Eng. Abdullah Al Sulaiti, said, “This ceremony marks a milestone not only for N-KOM but also for Qatar…

FLNG Hilli Episeyo Operates in Full Capacity

Pic: Golar LNG Limited

Golar LNG Limited confirmed that FLNG Hilli Episeyo continues to operate with 100 percent commercial availability.Currently in the process of exporting its 10th LNG cargo, the vessel's proof of concept continues to add momentum to both existing and new opportunities under discussion.

Keppel Partners GTT on LNG Solutions

Image: Keppel Offshore & Marine

Keppel Offshore & Marine (Keppel O&M) has signed a Technical Assistance and License Agreement (TALA) with Gaztransport & Technigaz (GTT) that will enable the companies to jointly market liquefied natural gas (LNG) solutions leveraging GTT's membrane containment systems…

Kongsberg to help outfit Awilco Rig

Photo: Kongsberg Maritime

Kongsberg Maritime has been selected by global offshore and marine group Keppel Offshore & Marine to provide an extensive and integrated technology delivery for a new semi-submersible drilling rig ordered by UK-based drilling contractor Awilco Drilling PLC. The contract is valued at around $18 million.

Singapore's Offshore Industry Recovering

© ligados / Adobe Stock

A big drag on Singapore's growth in recent years, the embattled offshore and marine industry, has broken a three-year losing streak. Yet industry executives aren't betting on a return to the glory days anytime soon.The industry, along with a top-class finance sector, has…

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).

Keppel Q2 Profit up 44 Percent

Singapore's Keppel Corp posted a 44 percent rise in its second-quarter profit, citing stronger earnings from its property and infrastructure divisions that offset losses in its other segments, including offshore and marine.Keppel, whose businesses range from rig-building to property development, posted a net profit of S$246 million (