This week we look at consequences: judicial consequences, legal consequences, the consequences of bad strategy and bad execution, and the inevitable consequences of high day rates. Ladies and gentlemen, there is a newbuilding anchor handler out there, being built as you read this. Adjust your forecasts accordingly. But first, we look at other consequences. Goh-Goh […]
Keppel Corporation
COLUMN | There’s a price to be paid: ADES, Seadrill, and Icon jackup rigs; Sapura; Adnoc Drilling, Aban and others; Saipem and Lukoil [Offshore Accounts]
Eighteen months ago, we highlighted (here) the transformation of the Middle Eastern oilfield services market as big, state-owned players in Saudi Arabia, the Emirates, an ..
COLUMN | Singapore spin hits Cayman secrecy? Temasek, Keppel, Baluran and Kyanite’s US$2.9 billion drilling rig deal is very hard to follow [Offshore Accounts]
It’s the biggest offshore rig deal of 2022, and it is the most confusing by far. The complexities of the deal scream out why more transparency is needed in corporate di ..
Singapore’s Keppel and SembMarine sign a ‘win-win agreement’ to merge
Singapore’s Keppel Corporation and Sembcorp Marine have signed definitive agreements for the proposed combination of Keppel O&M and Sembcorp Marine. The post Singapore’s Keppel and…
https://www.offshore-energy.biz/singapores-keppel-and-sembmarine-sign-a-win-win-agreement-to-merge/
Singapore shipyards commence talks on potential merger
Singapore shipbuilders Keppel Corporation and Sembcorp Marine have entered into a non-binding memorandum of understanding (MOU) to enter into exclusive negotiations with ..
Keppel, Sembcorp Marine to discuss offshore and marine business merger
Singapore’s conglomerate Keppel Corporation and compatriot offshore builder Sembcorp Marine are set to begin discussions to combine their offshore and marine businesses. The post Keppel, Sembcorp…
COLUMN | Quick updates: Singapore DOT, Philippines MARINA and Teras Lyza; KrisEnergy and Keppel; Shell accepts climate change target change; McDermott changes management [Offshore Accounts]
As the end of the quarter nears, we give you a cool quartet of updates on stories and companies in the offshore sector. We begin with a wait of over three years. Teras Ly ..
COLUMN | Falling knives and walking away: drilling contractors, Chinese yards, Korean cast-offs, Northern Drilling, SinoOcean and the Tiger rigs – Part One [Offshore Accounts]
Sometimes it is not only easier to walk away, but actually better The deepwater drilling industry is in crisis, as you know. In 2020, four major owners of deepwater rigs ..
Keppel wins $74.7 million FPSO conversion deal
Singapore’s offshore rig and vessel builder Keppel Offshore & Marine Ltd (Keppel O&M) has won a contract from a repeat customer worth about S$100 million ($74.7M) for the fabrication and…
https://www.offshore-energy.biz/keppel-wins-74-7-million-fpso-conversion-deal/
COLUMN | SBM Offshore’s staff and agents in the dock again (twice) [Offshore Accounts]
Bribery scandals in Brazil and Iraq connected with SBM Offshore claimed more scalps this month. We previously covered here how SBM’s former CEO Tony Mace had been ..