Keppel to pursue more work in floating LNG market

Keppel to pursue more work in floating LNG market

Keppel informed that its Offshore & Marine unit is looking to turn more of its attention to the floating LNG market. 

Keppel posted an overall net profit of S$397 million in the second quarter, down 2% compared to the S$406 million in the same quarter in 2014. However, the company posted a 2% rise in first half profit reaching S$757 million compared to S$745 million in the same period the previous year.

Year-to-date 2015, Keppel Offshore & Marine secured $1.5 billion worth of new contracts. Keppel Shipyard signed a US$684 million contract with Golar for an FLNG conversion, which is the third for such won by Keppel.

Keppel Offshore & Marine has a net orderbook year to date which stands at $11.0 billion, the company revealed in the report.

The global FLNG industry is expected to attract more than US$65 billion of investments from now through to 2020, driven by rising costs of onshore LNG terminals. Asia-Pacific, in particular, is expected to draw a majority of investments in the FLNG sector with its sizeable line-up of regasification and liquefaction projects.

Keppel O&M said it will pursue potential partnerships with customers in niche markets such as floating LNG.

1 Singapore Dollar = 0.729474 USD

LNG World News Staff; Image: Keppel

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >