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Keppel Offshore & Marine (Keppel O&M)
Company in the news
Temasek's partial offer to unlock value in Keppel causes its share price, related counters to jump
SINGAPORE (Oct 28): On Oct 21, Temasek announced that its wholly-owned subsidiary Kyanite Investment Holdings intends to make a partial offer for a 30.55% stake in Keppel Corp, subject to certain preconditions. If successful, it will raise Kyanite’s sta
October 25, 2019
Broker's Calls
CGS-CIMB buoyant on Keppel, SembMarine following news of Sete Brasil settlement
SINGAPORE (Oct 8): CGS-CIMB Research is keeping its “overweight” rating on the offshore & marine sector, following news that creditors – including Keppel Offshore & Marine (Keppel O&M) and Sembcorp Marine (SembMarine) – have finally reached a sett
October 08, 2019
Company in the news
Keppel reaches settlement with Sete Brasil on semisubmersible drilling rigs
SINGAPORE (Oct 7): Keppel Offshore & Marine (Keppel O&M) has finally reached a settlement with Sete Brasil over the long outstanding issue surrounding the construction of six semisubmersible drilling rigs.
October 07, 2019
Deals, joint ventures & alliances
Keppel secures $130 mil worth of contracts from repeat customers
SINGAPORE (July 16): Keppel Offshore & Marine announced that its wholly-owned subsidiaries Keppel FELS and Keppel Shipyard have secured contracts from repeat customers worth about $130 million for a newbuild dredger and the modification of a Floating Prod
July 16, 2019
Corruption probe
Police raid premises of SembMarine subsidiary in Brazil
SINGAPORE (July 3): Sembcorp Marine says the Brazilian federal police conducted a raid on the premises of its subsidiary Estaleiro Jurong Aracruz Ltda (EJA).
July 03, 2019
M&A
Keppel O&M associate Floatel to merge with Prosafe to ride long downturn
SINGAPORE (June 4): Floatel International, an associated company of Keppel Offshore & Marine (Keppel O&M) which is part of the Keppel group of companies, has agreed to a merger with Prosafe SE.
June 04, 2019
Contracts
Keppel wins contract for two offshore wind farm substations from Ørsted
SINGAPORE (May 13): Keppel Offshore & Marine’s (Keppel O&M) wholly-owned subsidiary Keppel FELS has secured a contract from Danish renewable energy company Ørsted for two offshore wind farm substations worth more than $150 million.
May 13, 2019
Keppel-Aibel consortium wins contract for converter stations
SINGAPORE (May 7): Keppel FELS, a subsdiary of Keppel Offshore & Marine (Keppel O&M), in a consortium with Aibel AS, has secured a contract from TenneT Offshore, a grid operator in the Netherlands and Germany.
May 07, 2019
Contracts
Keppel wins integration and upgrading contracts worth up to $160 mil
SINGAPORE (Apr 17): Keppel Offshore & Marine (Keppel O&M) has secured integration and upgrading contracts worth a combined value of about $160 million through its wholly-owned subsidiaries.
April 17, 2019
Tech
Keppel to develop first autonomous tug for Singapore waters
SINGAPORE (Apr 9): Keppel Singmarine, a subsidiary of Keppel Offshore & Marine (Keppel O&M) which is part of the Keppel Group, is set to develop Singapore's first autonomous tug.
April 09, 2019