Singapore’s Keppel Offshore & Marine (Keppel O&M) is continuing with its belt tightening exercises as workforce is further reduced, little or no new rigbuilding jobs are anticipated, and uncertainty looms over the rig contracts from Sete Brasil.
Floatel International says it is continuing to see strong demand for its vessels despite the challenging offshore market, and is set to take of fifth high-specification accommodation semisubmersible newbuilding from Keppel FELS.
The Federal Police of Brazil carried out sweeping raids on Monday over corruption probe into Brazil’s state-owned firms including Petrobras, and arrested an agent linked to alleged corrupted deals involving Singapore’s Keppel Corp.
Keppel Corp has taken an SGD230m ($159.9m) provision on its $4.9bn rig orders from Sete Brasil and stopped all work on the six semi-submersible rig newbuildings for the rig contractor.
Keppel Offshore and Marine (Keppel O&M) rounded out 2015 with SGD125m ($88.5m) worth of contract wins.
The employment of Golar LNG’s first FLNG conversion has moved a major step closer with the final investment decision for the Cameroon project.
Keppel Singmarine has carried out the naming and handover ceremony for three sophisticated, ice-class OSVs built for Malaysia-based offshore services provider Bumi Armada.