• 2018 March 12 13:30

    Keppel to build mid-water harsh environment rig worth US$425million

    Further to the announcement on 28 February 2018 on the Letter of Intent signed by Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary, Keppel FELS Limited (Keppel FELS), with Awilco Drilling PLC (Awilco), Keppel FELS has secured a contract from Awilco to construct a mid-water semisubmersible (semi) drilling rig for harsh environment use, worth about US$425 million.

    As part of the transaction, Awilco has independent options to order up to another three similar rigs to be exercised within 12, 24 and 36 months respectively. The prices of the three additional rigs are subject to cost adjustments and will only be finalised and announced separately if and when the options are exercised.

    Scheduled for completion in 1Q 2021, the rig will be built to Moss Maritime's CS60 ECO MW design. Compared to the ultra-deepwater CS60, this is a compact version specially designed, configured and outfitted for mid-water operations of up to depths of 1,500m.

    Boasting a low environmental footprint, the drilling rig is designed for operations in harsh environments, including the Norwegian Continental Shelf, UK Continental shelf and Barents Sea. Equipped with a hydraulic hoisting system capable of two million pounds of lifting capacity, it also features an optimised 12 point thruster assisted mooring system for vessel station keeping, complete with hybrid power supply and energy saving features. The rig is also equipped with state-of-the-art digitalisation, including condition monitoring systems, which will enhance the drilling efficiency and reliability of the rig, while reducing likelihood of downtime.

    According to a report in Rigzone, the UK North Sea and Norwegian Continental Shelf are two areas where demand for harsh environment, mid-water semis have picked up considerably since the start of 2017.

    The above contract is not expected to have any material impact on the net tangible assets and earnings per share of Keppel Corporation Limited for the current financial year.
     
    About Awilco Drilling
    Awilco Drilling Limited was incorporated in December 2009 in connection with the acquisition of the two semisubmersible drilling rigs, WilPhoenix (previously Arctic II) and WilHunter (previously Arctic IV). The company is registered in England & Wales (07114196) with its operation based in Aberdeen, Scotland. The Company re-registered to a public company on 14 April 2011, under the name Awilco Drilling PLC.

    About Keppel FELS / Keppel Offshore & Marine
    Keppel FELS is a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), a wholly-owned company of Keppel Corporation Limited. Keppel FELS is a leading designer, builder and repairer of high-performance mobile offshore rigs. Its portfolio of proprietary designs and floating production solutions meets a broad spectrum of operating requirements, including deep waters and harsh environments.
    Keppel O&M is a global leader in offshore rig design, construction and repair, ship repair and conversion, and specialised shipbuilding. It integrates and harnesses the experience and expertise of yards and offices in 15 countries to be near customers and markets. Driven by innovation and a capable people with the Can Do! spirit, Keppel O&M strives to become a builder of distinction in every aspect of its business.




2018 December 19

18:21 MHI Vestas and ESVAGT enter into another SOV contract
17:35 Alliance of ENGIE, EDPR, Sumitomo Corp. to develop offshore wind projects in Yeu-Noirmoutier and Dieppe-Le Tréport
17:33 Austal USA secures two LCS contract for U.S. Navy
17:25 Eni announces Merakes East Gas discovery in the Indonesian offshore
17:18 ScanOcean to resell Neste’s low-sulfur bunker fuel on the East Coast of Sweden
17:06 Port of Rotterdam Authority makes greener sea-going shipping more accessible
16:48 Dredging on IWW of Russia in 2018 fell by 14.6% Y-o-Y to 22.9 million cbm
16:26 NOVATEK signed Memorandum on Strategic Cooperation with SACE
16:03 Non-containerised cargo shows steady increase at Jebel Ali Port
15:42 V.F. Tanker merges into Volga Shipping Company
15:20 Cargo traffic via IWW of Russia forecasted to fall by 3% to 115 million tonnes in 2019
15:16 ESVAGT and Wind Power LAB developed new service concept improving wind turbine inspections
15:03 Royal Caribbean returns to Port of New Orleans
14:33 Maersk announces new rotation on Asia-Europe network
14:08 Concordia Maritime sells positions in chartered-in Suezmax vessels
13:33 SFL enters into lease financing agreement for 3 x 10,600-teu boxships and delivery of Front Falcon
12:58 Maersk joins the Ship Recycling Transparency Initiative
12:55 7 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on December 18-19
12:23 Damen signs with Gerd Stensen for Stan Tug 1606
12:21 Havyard announces its eight windfarm service vessel
11:56 Simulation exercises to improve port security held in Panama
11:31 Port of Newcastle continues modernization of its bulk terminal
11:09 RF Government gives instructions to address the issue on construction of four gas-powered icebreakers
10:50 Regional workshop to address barriers for effective implementation of MARPOL Annex VI held at REMPEC
10:32 Brent Crude futures price down up 0.20% to $56.37, Light Sweet Crude – up 0.04% to $46.64
10:14 THE Alliance unveils enhanced service network for 2019
09:57 Finnish Transport Safety Agency set to contribute to automation of maritime navigation
09:35 FESCO BoD approved new composition of Executive Board
09:16 Baltic Dry Index is down to 1,395 points

2018 December 18

18:21 Uniper SE and MOL enter into agreement on FSRU project in Germany, and one additional LNG transportation agreement
18:00 Throughput of Chinese ports grew by 4.3% to 8.47 billion tonnes in 11M’18
17:46 Rolls-Royce to deliver advanced ship technology to two more expedition cruise vessels for Mystic Cruises
17:43 Aircraft carrier HMS Queen Elizabeth enters LR class
17:27 SOL adds Finnish port of Pietarsaari/Jakobstad to the Zeebrugge route network
17:04 Finnpilot Pilotage BoD decided for no increase in the pilotage fees for 2019
16:42 GTT bags yet another tank design order for LNGC duo
16:38 PRA starts construction of new plastics recycling facility at the Port of Amsterdam
16:25 Arctia and Meritaito join forces to expand their range of services
16:09 Crowley integrates DFTS management into government solutions group to unify supply chain services
15:42 KN enhances its relations with American LNG giants
15:18 BW Group Limited purchased 137,000 shares
14:53 Icebreakers of FSUE Rosmorport assisted 680 ships in navigation season 2018-2019
14:28 Shell Oman and Port of Duqm ink agreement to develop fuel bunkering facilities
14:11 Golar LNG receives LNTP for an FLNG vessel for Greater Tortue / Ahmeyim Project P1, West Africa
13:47 WEG and Praxis sign MoU to support Damen Saab bid for the Brazilian Navy
13:41 Eni gets approval of the investment plan for Merakes Development Project in Indonesia
13:22 Sovcomflot closes USD 264 million long-term revolving credit facility
12:58 Bunker prices are flat at the Far East ports of Russia (graph)
12:40 Antwerp, Belgium will host the 3rd European Environmental Ports Conference on 12-13 June 2019
12:19 Keppel receives limited notice to proceed for GIMI FLNG
11:57 3 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on December 17-18
11:35 Terna’s MONITA HVDC Project: Nexans reaches key milestone with successful completion of submarine power cable
11:10 Container throughput of port Hong Kong (China) down 5.4% to 17.96 million TEUs in Jan-Nov’18
10:46 Bunker sales at the port of Singapore in 11M’18 down 1.8% Y-o-Y to 45.49 million tonnes
10:23 Maersk announces rate increase for Far East to North Europe trade
10:05 Brent Crude futures price down 1.53% to $58.72, Light Sweet Crude – down 1.61% to $49.39
09:47 Austal export opportunity supported by Australian Government financing
09:31 Rosatom drafted Rules for providing navigational and hydrographic support in NSR waters
09:14 Baltic Dry Index is up to 1,406 points

2018 December 17

18:23 Sembcorp Marine retains its position as Asia’s top cruise ship repair and upgrade solutions provider with newbuilds projects delivered in 2018