Singapore offshore and marine giant Sembcorp Marine will raise S$1.5 billion (US$1.1 billion) in funds from a rights issue to support the company’s operations. The rig builder has been struggling with rising costs and delays to projects being built at its yards.
Sembcorp Marine has completed the fabrication of two topsides for Orsted’s Hornsea Two offshore wind farm.
The platform topsides for the TotalEnergies-operated Tyra redevelopment have left Singapore for the North Sea.
Singaporean rig builders Keppel Corporation and Sembcorp Marine have confirmed they are in talks over a merger of their offshore and marine (O&M) businesses.
Singaporean rig builders Keppel Corporation and Sembcorp Marine this morning requested a halt in the trading of their shares pending announcements.
Sembcorp Marine has said it is “back on track” with work on the Cambo FPSO for Siccar Point Energy.
Shell is carrying out a feasibility study with partners to trial the use of hydrogen fuel cells for ships in Singapore, the first such move for the supermajor and the Southeast Asian city state.
Heerema Marine Contractors has signed a contract with Singapore's Sembcorp Marine to carry out work at a North Sea wind farm.
Sembcorp Marine has been picked by Shell to build the floating production unit (FPU) for the Whale field in the US Gulf of Mexico.
The Energean Power hull has undocked from the COSCO shipyard, in Zhoushan, China, and floated out.
Engineering and construction firm Sembcorp Marine has inked a £125 million deal to refurbish an installation which will serve in the UK North Sea.
Sembcorp Marine has completed the £30m acquisition of the intellectual property rights of Sevan Marine.
Maersk Oil’s landmark North Sea project is “bang on schedule” with contracts for hook-up and commissioning expected to be awarded “in the next couple of months”.
Sembcorp Marine has successfully delivered the Maersk Highlander to Maersk Drilling.
Sembcorp Marine Ltd., which posted its first loss in more than a decade in the fourth quarter, saw its shares jump by the most in nearly a month amid talk that the company could be taken private.
Sembcorp Marine has posted a loss of $536.9million for the fourth quarter of last year amid the decline in oil price.