On April 3, Sembcorp Marine reported that it had three consecutive years of pre-tax losses. It cut its losses in 2022 by 78% from the previous year, but still reported a full-year loss of S$261 million.
Sembcorp Marine has acquired rival Keppel Offshore and Marine, creating a giant in the oil and gas and renewables shipbuilding industry.
Transocean ordered the two drillships in February 2014, agreeing to pay $540 million for each of the vessels. Sembcorp said it would deliver the rigs in 2017 and 2018.
Sembcorp Marine (S51.SI) has called off plans to merge with rival Keppel O&M, in favour of buying the company outright in a deal worth $3.2bn.
Singapore’s Sembcorp Marine (SGX: S51) has been awarded master service agreements for the engineering, conversion, topside fabrication and integration of two Sevan cylindrical drilling vessels into floating LNG facilities for US-based New Fortress Energy (NASDAQ:NFE).
Singapore’s Sembcorp Marine, through its subsidiary Estaleiro Jurong Aracruz (EJA), said it has crossed another significant operational milestone with the completion of P-71, its second floating, production, storage and offloading (FPSO) vessel project for Tupi.
Sembcorp Marine today confirmed it will extend the time for repayment terms for Borr Drilling from 2023 to 2025 for the nine jack up rigs that the Singapore yard delivered to the driller between 2017 to 2019 after a final agreement was signed.
Sembcorp Marine (SGX: S51) has landed a $3 billion contract for a newbuild FPSO for Petrobras.
Shipbuilding firm Sembcorp Marine has taken swift action after it uncovered a cybersecurity incident.
Santos (ASX:STO) has put on hold plans for a final investment decision (FID) at its Dorado oil project offshore Western Australia as spiralling costs related to the construction of a floating production storage and offloading (FPSO) unit pose too much risk.
Singapore yard Sembcorp Marine will provide engineering, procurement, construction and installation services for a gas topsides project in Australia for an unnamed major energy company. The project is believed to be the Shell-led Crux gas field development offshore Western Australia.
Sembcorp Marine has successfully delivered the “world’s first eighth-generation drillship”, the Deepwater Atlas, for Transocean’s subsidiary Triton Atlas, the Singapore yard reported.
Singapore’s Sembcorp Marine (SGX:S51) has released the financial and operating metrics of its proposed combination with a restructured Keppel Offshore and Marine (Keppel O&M) (SGX:BN4) in a response to queries from its shareholders that fear share dilution.
Sembcorp Marine has agreed to merge with Keppel Offshore & Marine in a deal that will create the world’s biggest builder of oil rigs and push the business further into renewables and alternative energy solutions. The pair are forming what could be one of the world’s largest offshore energy players worth $6.3 billion.
The deadline for a transformative yard merger deal in Singapore between Keppel Corporation and Sembcorp Marine is just days away.
An agreement on the proposed merger between Singapore shipyard giants Keppel Offshore & Marine (Keppel O&M) and Sembcorp Marine should be struck by the end of April 2022. However, while significant progress has been made in advancing the deal that would create a mega-yard group, the pair said yesterday there “is no guarantee that definitive agreements will be executed.”
Shipbuilding company Sembcorp Marine has been picked to construct a “next generation” wind turbine installation vessel (WTIV).
Following a string of delays, Sembcorp Marine has completed construction of the hull and living quarters for the Johan Castberg unit, which has now begun dry transport from Singapore to Norway.
While the future of the divisive Cambo field still hangs in the balance a key contract for the project may soon be allocated.
Three topsides bound for the Tyra West redevelopment in Denmark have sailed away from Sembcorp Marine’s Singapore yard.
The Johan Castberg production vessel is to set sail for Norway next month after it left the dock in Singapore.
Singapore’s Sembcorp Marine said it has successfully completed the Vito regional production facility (RPF) for Shell that will operate in the US Gulf of Mexico.
Singapore-based offshore construction company Sembcorp Marine (SGX:S51) has announced that its wholly-owned subsidiary, Jurong Shipyard, is facing arbitration under four separate contracts due to allegations of a breach of contract and payment claims exceeding $76 million relating to the termination of these contracts.
Singapore’s Sembcorp Marine (SGX:S51) will perform module assembly for the second liquefied natural gas (LNG) train to be built at Woodside’s Pluto development in Australia following a contract award from engineering company Bechtel.
Keppel Offshore & Marine (O&M) has secured a contract from a renewables developer to construct two offshore substations for S$110 million (£60 million).