Keppel Receives Takeover Offer That Could Too Good to Pass Up

By David Ramli (Bloomberg) --Singapore’s Temasek Holdings Pte plans to take control of Keppel Corp. for about S$4 billion ($3 billion) and undertake a review of the oil-rig builder’s business that could involve a board shakeup. The state-backed investor, which already owns about one-fifth of Keppel, offered to buy an additional 30.6% stake at S$7.35 a share, according to a … [Read more...]

Keppel Plans to Add 1,800 Staff at Offshore and Marine Unit

SINGAPORE, April 18 (Reuters) - Singapore conglomerate Keppel Corp is planning to 1,800 staff this year at its offshore and marine business, the first time the company is hiring for the division after cutting thousands of jobs since 2015. The slump in oil prices in 2014 and a global oversupply of drilling rigs had hit orders at the company's O&M division, but demand is … [Read more...]

Keppel Imports First LNG Cargo from North America

The gas unit of Singaporean conglomerate Keppel Corporation has completed the first import of LNG under Singapore's Spot Import Policy, which allows up to 10% of Singapore's total long term contracted gas supplies to be imported on a spot cargo basis. Keppel Gas, a wholly-owned subsidiary of Keppel Infrastructure Holdings, said Monday the spot cargo of 160,000m3 of … [Read more...]

Keppel to Develop Autonomous Tug for Operation in Port of Singapore

Singaporean shipbuilder Keppel Offshore & Marine has kicked off development of its first autonomous vessel: a harbor tug to be operated by Keppel Smit Towage at the Port of Singapore. The tug is expected to be one of Singapore's first autonomous vessels when the project is completed in 4Q 2020. The vessel is being developed by Keppel Singmarine Pte Ltd (Keppel … [Read more...]

Keppel Sees Signs of Rig Recovery After Posting Q4 Profit

SINGAPORE, Jan 24 (Reuters) - Singaporean conglomerate Keppel Corp posted improved results for the fourth quarter, helped by narrower losses in its offshore and marine division, and said it was seeing signs of recovery in the rig industry. The company on Thursday reported a net profit of S$135 million ($99.2 million) for the quarter ended December, compared with a net loss … [Read more...]