Secure Mobilisation and Contract Levers Ahead of APAC Offshore Demand Shifts

5 billion in the fund

By repositioning the six operational rigs and potentially another four rigs, within Keppel’s fund management platform, we are expanding our FUM and will earn recurring management fees,” said Loh Chin Hua, CEO of Keppel. “At the same time, through our stake in KOF, we will remain invested alongside our Limited Partner, Apollo, in a high-quality modern rig fleet, positioning us to benefit from the improving long-term outlook and tight supply in the rig market

Home Fossil Energy Keppel to divest six operational rigs through new private fund for $936 million July 28, 2026, by Singapore-based Keppel has set up a new private fund to which it will divest ten legacy rigs, as part of its announced monetization, with Apollo Global Management to invest $1. 5 billion in the fund

This first condensate export from the project follows the start of LNG production at the Darwin LNG plant, which is now producing at 97% of planned rates. To remind, JERA in June confirmed the arrival of its first LNG cargo at the Futtsu LNG terminal in Japan from Barossa

The cargo is expected to arrive at Incheon Port in early August. Of the 3 million barrels produced annually at Barossa, SK Innovation E&S is entitled to 1

5%). This first condensate export from the project follows the start of LNG production at the Darwin LNG plant, which is now producing at 97% of planned rates

BP Moves Indonesia CCUS Project Into Offshore Installation Phase Jul 24, 2026 BP has advanced the Tangguh Ubadari, CCUS and Compression (UCC) project in Indonesia with the first offshore platform jacket arriving in Fakfak, Papua Barat, marking the start of the offshore installation phase

BP Moves Indonesia CCUS Project Into Offshore Installation Phase Jul 24, 2026 BP has advanced the Tangguh Ubadari, CCUS and Compression (UCC) project in Indonesia with the first offshore platform jacket arriving in Fakfak, Papua Barat, marking the start of the offshore installation phase. The jacket completed a 5,800-km journey from the Karimun fabrication yard after more than 357,600 work hours without major incidents, BP said

The jacket completed a 5,800-km journey from the Karimun fabrication yard after more than 357,600 work hours without major incidents, BP said

Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies… OMV Petrom, Romgaz Install Neptun Deep Offshore Platform Jul 20, 2026 OMV Petrom and Romania's Romgaz have completed the installation of the offshore production platform for the Neptun Deep natural gas project in the Black Sea, marking a major milestone as the development remains on track to start production in 2027… Shell Targets 2027 Drilling at Venezuela's Dragon Gas Field Jul 15, 2026 Shell has begun tendering

The well, located on the Sjeverni Jadran (North Adriatic) production field, reached a total depth of 1,282 meters. Initial testing recorded a combined gas flow rate of approximately 160… ABL Gets Papua New Guinea FSO Job Jul 22, 2026 ABL has been awarded a contract by Oil Search (PNG), a subsidiary of Santos, to provide marine warranty survey (MWS) services for Papua New Guinea's first offshore floating storage and offloading (FSO) facility

The work will support the supply… Norway's Offshore Oil, Gas Output Tops June Forecast Jul 21, 2026 Norway's combined oil and gas production exceeded an official forecast by 3% in June, the Norwegian Offshore Directorate (NOD) said on Tuesday