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...]