The shipbuilding industry has been taking a hard hit across Asia, where the world’s top ship and rig builders are based.
Keppel Offshore & Marine announced it is on track to deliver a floating production storage and offloading (FPSO) vessel to Armada Madura and Bumi Armada offshore Indonesia, through its subsidiary Keppel Shipyard.
Keppel Offshore & Marine (Keppel O&M) announced 3,080 job cuts in its third quarter results as a consequence of “very challenging” market conditions and a reduction in workload.
EnQuest announced today it has managed to achieve further cost cuts on the Kraken oil field in the UK North Sea as well as reaching a deal with creditors over debt restructuring.
North Sea FPSO (floating production storage and offloading) unit Armada Kraken is now on track to be delivered to Bumi Armada before it starts operating in the North Sea, Keppel Shipyard announced.
Keppel Offshore & Marine, have won over S$125 million of work from the global offshore oil and gas industry, spread across three of the firms shipyards