Keppel Offshore & Marine has booked in close to SGD1.9bn ($1.4bn) in new orders so far this year boosted by the LNG and renewables sector.
Resolution may finally be in sight for some of the rig newbuildings being constructed for Sete Brasil at Keppel Offshore and Marine and Sembcorp Marine (Sembmarine) on which progress payments stopped in late 2014 and worked stopped on in the following year.
After years of rightsizing and lay-offs Keppel Offshore & Marine is seeing a recovery in its business and plans to hire 1,800 staff in Singapore and overseas during the year.
Keppel Offshore & Marine (Keppel O&M) (B2 –F01), through its wholly-owned subsidiary Keppel Singmarine, has embarked on the development of an autonomous tug to be operated by Keppel Smit Towage.
Awilco Drilling has declared an option for a second semi-submersible drilling rig newbuilding at Keppel FELS in Singapore.
Singapore’s Keppel Corporation has clinched a $425m order from Norway’s Awilco Drilling to construct a mid-water semi-submersible harsh environment drilling rig.
Golar LNG’s Gimi MS Corporation has inked a 20-year lease and operate agreement (LOA) with BP for the charter of FLNG Gimi, for which Keppel Corp has agreed to subscribe to a 30% stake.
LNG projects and scrubber retrofits boosted Keppel Offshore & Marine's Keppel (O&M) orderbook last year as it sees growing optimism for the sector as whole.