Search results for: PPL Shipyard

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  • 17 June 2013
    Business & Finance

    Sembcorp Marine announced the appointment of Mr Wong Teck Cheong as the Managing Director of PPL Shipyard with effect from 14 June 2013, following the completion of Service Agreement by Mr Douglas Tan Ah Hwa on the same date. Mr Wong, 51 years old, has served as the General Manager for Special Construction and the […]

  • 17 June 2013

    Sembcorp Marine announced the appointment of Mr Wong Teck Cheong as the Managing Director of PPL Shipyard with effect from 14 June 2013, following the completion of Service Agreement by MR Douglas Tan Ah Hwa on the same date. Mr Wong, 51 years old, has served as the General Manager for Special Construction and the […]

  • 17 June 2013
    Business & Finance

    Sembcorp Marine announced the appointment of Wong Teck Cheong as the Managing Director of PPL Shipyard with effect from 14 June 2013, following the completion of Service Agreement by Douglas Tan Ah Hwa on the same date. Wong, 51 years old, has served as the General Manager for Special Construction and the Chief Risk Officer […]

  • 29 August 2016

    Singapore’s offshore rig builder Sembcorp Marine, also known as Sembmarine, has completed the acquisition of the remaining 15% equity stake in PPL Shipyard (PPLS). As reported last Wednesday, Sembmarine had reached a deal with PPL Holdings Pte Ltd (PPLH) and E-Interface Holdings Limited (EIHL) to acquire the remaining 15% in the shipyard for $115 million. Sembcorp […]

  • 2 December 2015
    Exploration & Production

    Sembcorp Marine’s PPL Shipyard on Tuesday started a court action in the Singapore High Court against Marco Polo Marine, a parent company of Marco Polo Drilling, as their rig construction dispute keeps heating up.  To remind, PPL Shipyard (PPLS) was building a jack-up rig of a Pacific Class 400 series for MP Drilling, due for […]

  • 25 April 2016

    Marco Polo Marine, a Singapore-based marine logistic services provider, has won a grant of stay of legal proceeding initiated by the PPL Shipyard against the company. To remind, the PPL Shipyard, a Sembcorp Marine subsidiary, in December 2015 started a legal action against Marco Polo over a jack-up rig contract termination the company had ordered […]

  • 16 November 2010
    Business & Finance

    Sembcorp Marine’s subsidiary PPL Shipyard has signed a US$195 million contract to sell a jack-up rig, already under construction, to Transocean Ltd, the world’s largest drilling contractor and the leading provider of drilling management services worldwide. The jack-up rig is based on PPL Shipyard’s latest proprietary design, the Pacific Class 400 and is scheduled for […]

  • 29 August 2016
    Business & Finance

    Singapore-based global marine and offshore engineering company Sembcorp Marine has completed the acquisition of the remaining 15% equity stake in its compatriot PPL Shipyard Pte Ltd (PPLS). Earlier in August, the company entered into a sale and purchase agreement with PPL Holdings Pte Ltd and E-Interface Holdings Limited to buy the remaining 15% in the issued and […]

  • 3 November 2014
    Business & Finance, Equipment, Exploration & Production

    Sembcorp Marine’s subsidiary PPL Shipyard has secured a US$240 million contract to build a new jack-up drilling rig from BOT Lease Co., Ltd (“BOTL”). BOTL is a leasing company of The Bank of Tokyo-Mitsubishi UFJ which is under the umbrella of Mitsubishi UFJ Financial Group. The contract value may be higher on additional specification requirements […]

  • 4 October 2017
    Exploration & Production

    Sembcorp Marine’s subsidiary PPL Shipyard has terminated contracts with Oro Negro, a Mexican drilling services provider, for the construction of three jack-up rigs.  The contracts were with Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. and its subsidiary Oro Negro Vastus. The jack-up rigs have been technically accepted by Oro Negro but delivery of the […]

  • 24 August 2016
    Business & Finance, Exploration & Production

    Singapore’s offshore rig builder Sembcorp Marine, also known as Sembmarine, is taking full control of its subsidiary PPL Shipyard (PPLS). The company has reached a deal with PPL Holdings Pte Ltd (“PPLH”) and E-Interface Holdings Limited (“EIHL”) to acquire the remaining 15% in the shipyard for $115 million. PPL Shipyard is in the business of […]

  • 7 December 2012
    Business & Finance

    Sembcorp Marine’s subsidiary, PPL Shipyard has secured two turnkey contracts with a combined value of US$434 million for the construction of two units of jack-up rigs from Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. (“Oro Negro”). Scheduled for delivery in end 4th quarter 2013 and end 1st quarter 2014, the pair of high […]

  • 7 April 2016
    Business & Finance, Exploration & Production

    Sembcorp Marine, a Singapore-based rig builder, has yet to resolve a contractual dispute which began in November 2015, when its client, Marco Polo Drilling, broke off a rig construction deal. At the time, Marco Polo said it would terminate the $214 million rig construction deal it had signed in February 2014, with Sembcorp’s subsidiary PPL […]

  • 28 February 2013

    Sembcorp Marine’s subsidiary PPL Shipyard has secured a repeat order to build a second Pacific Class 400 jack-up rig worth US$208 million from Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd. Scheduled for delivery in the second quarter of 2015, the second jack-up rig will be built based on PPL Shipyard’s proprietary […]

  • 7 December 2012

    Sembcorp Marine’s subsidiary, PPL Shipyard has secured two turnkey contracts with a combined value of US$434 million for the construction of two units of jack-up rigs from Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. (“Oro Negro”). Scheduled for delivery in end 4th quarter 2013 and end 1st quarter 2014, the pair of high […]

  • 25 November 2015
    Business & Finance, Exploration & Production

    Responding to Marco Polo Drilling’s Tuesday announcement about launching a contractual dispute process against Sembcorp Marine’s PPL Shipyard, the yard on Wednesday said the contract was still in effect and that, in fact, MP Drilling was in breach.  To remind, MP Drilling, a subsidiary of Marco Polo Marine, last week abolished a jack-up rig construction contract with […]

  • 17 February 2012
    Business & Finance

    Sembcorp Marine’s subsidiary PPL Shipyard has secured a US$213 million contract to build a Pacific Class 400 jack-up drilling rig. The Pacific Class 400 jack-up drilling rig, a proprietary design of PPL Shipyard, represents the latest generation of high-specification jack-up drilling rigs that are capable of operating in water depths of 400 feet and drilling […]

  • 14 March 2005

    PPL Shipyard, a subsidiary of SembCorp Marine has signed a rig building contract worth US$121 million with Wilsuperior Ltd, a subsidiary of Awilco Offshore ASA for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jackup Rig. The Construction Contract is an option that PPL Shipyard granted to Awilco Offshore ASA in […]

  • 21 November 2006

    Aker Kvaerner has been awarded a contract with PPL Shipyard Pte Ltd in Singapore for delivery of drilling equipment for a Baker Marine Pacific Class 375 jack-up drilling rig. The total contract value for Aker Kvaerner is approximately USD 15 million. The award is based on a letter of intent signed with PPL Shipyard Pte […]

  • 28 February 2013

    Sembcorp Marine’s subsidiary PPL Shipyard has secured a repeat order to build a second Pacific Class 400 jack-up rig worth US$208 million from Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd. Scheduled for delivery in the second quarter of 2015, the second jack-up rig will be built based on PPL Shipyard’s proprietary […]

  • 28 February 2013
    Business & Finance

    Sembcorp Marine’s subsidiary PPL Shipyard has secured a repeat order to build a second Pacific Class 400 jack-up rig worth US$208 million from Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd. Scheduled for delivery in the second quarter of 2015, the second jack-up rig will be built based on PPL Shipyard’s proprietary […]

  • 1 July 2013

    Sembcorp Marine’s PPL Shipyard has secured additional orders for two turnkey contracts worth a combined value of US$417 million from repeat customer Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. (Oro Negro) for the construction of two units of jack-up rigs. Scheduled for delivery at end July 2015 and end of third quarter 2015, […]