Keppel Offshore & Marine has bagged rig repair and upgrading contracts worth over SGD100m ($78.8m).

The world’s largest rig builder, Singapore’s Keppel Corp, is seeing a changing of the guard as it heads forward with a S$13.1bn ($10.3bn) orderbook.

Keppel FELS has secured a $206m contract from Mexican drilling firm Grupo R, for a KFELS B Class jack-up rig.

Keppel FELS (Keppel) has secured a $210m order for a class B jack-up rig from PV Drilling Overseas (PVDO), a subsidiary of the Vietnamese state-owned oil company Petrovietnam.

Singapore: First quarter net profit at Keppel Corporation was $331m in 2013, 56% down on the $751m earned in the same period in 2012.

Singapore: Keppel FELS (Keppel) has bagged a $226m order for a jack-up rig from Falcon Energy Group.

Singapore: Keppel FELS has bagged a $225m jack-up rig order from Ensco.

Singapore: Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine, won contracts from Mexican drilling company Grupo R to build four jack-up rigs worth $820m.

Singapore: Chinese shipyards are offering “crazy payment terms” to try and break into the rigbuilding sector according to a senior executive from Keppel Offshore and Marine (Keppel O&M).

Singapore: Keppel Fels has won three contracts, amounting to $300m, for repeat customers Star Drilling, Ensco and Diamond Offshore.