Keppel FELS and Keppel Shipyard have clinched contracts worth approximately SGD130m ($95.7m) for a newbuild LNG-ready dredger and the modification of a FPSO vessel.

Greek oil and gas producer, Energean Oil & Gas, has significantly expanded its operations in the growing eastern Mediterranean gas hub, with the purchase of Italian energy group Edison's oil and natural gas unit for an initial consideration of $750m.

Bumi Armada’s joint venture firm in India has clinched a charter contract valued at approximately $2.1bn from Oil and Natural Gas Corporation (ONGC) of Indian for the provision of one FPSO.

China Merchants Industry Holdings (CMIH) inked a newbuilding contract with SBM Offshore for its SBM Fast4ward FPSO MPFA project.

Malaysia’s Yinson has announced that it will take a controlling stake in Singapore’s Ezion Holdings via a proposed deal that includes shares subscription and debt conversion.

As the offshore market starts to turn the corner some 33 FPSO projects are expected to be sanctioned over the next three years according to analysts Rystad Energy.

Keppel Offshore & Marine (Keppel O&M), through its two subsidiaries, have clinched marine contracts worth a combined value of approximately SGD300m ($219m).

The return to a relatively strong FPSO market is expected to continue in 2019 according to Energy Market Associates (EMA).

World’s largest FPSO provider SBM Offshore executed its second FPSO hull contract at Shanghai Waigaoqiao Shipbuilding (SWS) as part of its Fast4ward FPSO programme.

Dubai-based shipyard Drydocks World has successfully the life extension and construction of a mooring turret for the FPSO Aoku Mizu.

Page 1 of 15