TradingMarkets.com, 27 Nov 2008
SINGAPORE, Nov 27, 2008 (Reuters via COMTEX) -- KPELY | Quote | Chart | News | PowerRating -- Keppel Corp, the world's top offshore oil rig builder, warned on Thursday that three clients may cancel orders worth S$1.2 billion ($794.2 million), a sign companies may hold back on exploration amid falling oil prices.
The contracts, signed earlier this year, involve a semisubmersible for Scorpion Offshore, two jackup rigs for Seadrill and a support vessel for Lewek Shipping, the Singapore firm said in a statement.
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