Keppel Acquires Cameron’s Jack-Up Rig Business

Singapore's Keppel Offshore & Marine, the world's largest rig builder, says it has entered into an agreement for the acquisition of Houston-headquartered Cameron International Corporation's offshore rigs business for $100 million. The acquisition, which was made through Keppel's wholly owned subsidiary Keppel Offshore & Marine USA, comprises Cameron's trademarked … [Read more...]

UPDATE – Keppel Signs Rig-Building Pact With Sete Brasil Potentially Worth US $4.12 Bln

SINGAPORE (Dow Jones)--Keppel Corp. (BN4.SG) has signed a letter of intent with Sete Brasil Participacoes SA to design and build five additional semisubmersible drilling rigs, ahead of a potential deal valued around US$4.12 billion, the Singapore-based rig builder said Thursday. The pact comes after Keppel's offshore and marine arm secured a contract in December from the … [Read more...]

Maersk places $1.2b jack-up order with Keppel

Maersk Drilling, an entity within the A.P. Moller - Maersk Group, has signed a contract with Keppel FELS Limited in Singapore for the construction of two ultra harsh, high capacity jack-up drilling rigs. The first rig is scheduled for delivery at the end of 2013, with the second rig following seven months later.¬† The total project cost for the two rigs is close to USD 1.2 … [Read more...]

Petrobras approves order for 7 deepwater rigs for $4.64B

Petrobras' board of directors approved the bidding process for the construction, in Brazil, of the first seven of a total of 28 offshore drilling rigs intended to meet its long-term drilling program with priority given to the pre-salt wells. The new rigs are expected to come into operation in 2015. The remaining 21 rigs will also produced in the country. During the … [Read more...]

Keppel wins US$440 million twin jackup rig contract from Ensco

Innovative KFELS Super A Class design gains traction in high-specification rig market Keppel FELS Limited (Keppel FELS) has secured a contract to build two enhanced KFELS Super A Class harsh environment jackup rigs from a subsidiary of Ensco plc at a shipyard price of about US$440 million. These rigs are scheduled for delivery in the second and fourth quarters of 2013. As … [Read more...]