Search results for: Semb

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  • 6 November 2013

    Singapore’s Prime Minister Mr. Lee Hsien Loong today opened the first phase of SembCorp Marine’s new Integrated Yard at Tuas, the second phase will be operational in three to four years’ time. The company aims to consolidate all its Singapore yards into one mega-yard by 2024. “The marine and offshore industry is one of our success […]

  • 5 June 2020
    Business & Finance, Business developments & projects

    A wholly-owned subsidiary of Singapore’s offshore rig builder Sembcorp Marine has entered into a revolving facility agreement for up to $500 million with Standard Chartered Bank.

  • 12 April 2006

    SembCorp Marine has won a US$142 million contract to build another jackup rig for Awilco Offshore. It will be the fourth rig SembCorp Marine is building for Awilco.

  • 4 February 2010

    Singapore shipbuilder SembCorp Marine said today its Jurong Shipyard would build a new shipyard in Brazil to serve the region’s burgeoning offshore oil and gas industry. SembCorp said in a statement Jurong had bought a 825,000-square-metre site with 1.6 kilometres of coastline about 80 kilometres north of Vitoria in Espirito Santo State.

  • 15 November 2016
    Exploration & Production

    Singapore’s rig builder Sembcorp Marine is set to sell its 30 percent equity interest in China’s Cosco Shipyard Group. SembMarine as the company is also known, will sell its stake in Cosco Shipyard Group for $220.68 million to China Ocean Shipping (COSCO). Cosco Shipyard Group is a ship repair, conversion and shipbuilding group which owns […]

  • 30 October 2007

    Singapore-based SembCorp Marine entered a strategic partnership to gain a 3.31 percent stake in India’s Pipavav Shipyard, with the aim of growing its marine and offshore business in India. SembCorp has signed an agreement with Pipavav Shipyard and SKIL Infrastructure to subscribe to 3.31 per cent in the Pipavav, equivalent to 17.5 million fully paid […]

  • 30 January 2017

    Sembcorp Marine has obtained approvals from the Chinese authorities to sell its stake in Cosco Shipyard Group. To remind, the Singapore-based rig builder in November 2016 said it would sell its shares in Cosco Shipyard Group for $220 million to China Ocean Shipping (COSCO). In an announcement on Monday, January 30, 2017, Sembcorp said that […]

  • 23 September 2005

    SINGAPORE : SembCorp Marine Ltd is buying Sabine Shipyard in Texas, US, with the aim of winning contracts for the repair or replacement of oil rigs damaged by Hurricane Katrina in the Gulf of Mexico.

  • 22 May 2006

    SINGAPORE : SembCorp Marine Ltd said on Monday it has bought 110.4 million shares in Cosco Corp at S$1.09 per share. It is buying Temasek Holdings’ entire equity in Cosco Corp for S$120.3 million. SembCorp Marine, the world’s number-two oil rig builder, will raise its stake in Cosco to 8.17 percent with the purchase, from […]

  • 6 July 2018
    Business & Finance

    Singapore’s Sembcorp Marine has decided to increase its offer for the takeover of a substantial part of business of Norway-based cylindrical floater specialist Sevan Marine by $11 million. 

  • 6 July 2006

    The Board of Directors of SembCorp Marine Ltd (the

  • 7 January 2006

    (Singapore) – PPL Shipyard, a subsidiary of SembCorp Marine has secured a $175 million contract from Aban Singapore Pte Ltd, a subsidiary of Aban Loyd Chiles Offshore Ltd of India for delivery of a new Baker Marine Pacific Class 375 jackup rig.

  • 25 October 2016
    Business & Finance

    Singapore’s offshore rig builder Sembcorp Marine, also known as SembMarine, went from black to red during the third quarter of 2016 and reduced its workforce by 8,000.  The company on Tuesday posted a net loss of S$21.8 million for the third quarter of 2016, compared to a profit of S$32.1 million in 3Q 2015. SembMarine explained that this […]

  • 4 April 2005

    SINGAPORE : Singapore’s marine and offshore industry is poised to turn another record performance this year. The country’s two largest shipyard groups – Keppel Offshore and Marine and SembCorp Marine – have secured S$3.3 billion worth of contracts in the first three months of this year alone.

  • 3 January 2006

    SINGAPORE : A subsidiary of SembCorp Marine, PPL Shipyard, has secured a contract to build a jack-up rig for US$175 million. The client is Aban Singapore, a subsidiary of Aban Loyd Chiles Offshore of India.

  • 18 February 2016
    Business & Finance, Equipment

    Rolls-Royce has signed a £8 million ($11.5M) contract to supply the mooring system for the world’s largest semi-submersible crane vessel (SSCV), Sleipnir. The vessel will be built in Singapore by SembCorp Marine for the Dutch company Heerema Offshore Services. Asbjørn Skaro, Rolls-Royce, Executive Vice President – Deck Machinery, said: “Mooring a giant crane is a […]

  • 31 January 2013

    Emilio Lozoya Austin, CEO of Mexico’s state-controlled oil company PEMEX, has visited Keppel Fels shipyard in Singapore, where the company’s two jack-up rigs are under construction, said PEMEX in a press release issued on Wednesday. The rigs, of KFELS B Class jackup design, are scheduled for delivery in 2015. The two jack-ups, able to operate […]

  • 18 February 2016
    Equipment

    Rolls-Royce has signed a GBP 8 million (USD 11.4 million) contract to supply mooring system for the semi-submersible crane vessel (SSCV) Sleipnir. The vessel will be built in Singapore by SembCorp Marine for the Dutch company Heerema Offshore Services. Asbjørn Skaro, Rolls-Royce, Executive Vice President – Deck Machinery, said: “Mooring a giant crane is a challenge […]

  • 26 December 2017
    Exploration & Production

    Sembcorp Marine’s subsidiary Jurong Shipyard has signed an agreement for the sale of the semi-submersible rig West Rigel to a buyer at a price of $500 million.

  • 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 […]

  • 14 September 2006

    Ramunia Holdings said on Sept 14 that it was in talks with European oil and gas drilling firms for orders to build semi-submersible drilling rigs and that it hoped to win an order soon. A semi-submersible order could range between US$500 million (RM1.83 billion) to around a US$1 billion and would place Ramunia in direct […]

  • 2 March 2016
    Exploration & Production

    Following the collapse of a shipyard crane boom that caused damage to Noble’s newbuild jack-up rig, Singapore-based shipyard owner, Sembcorp Marine, has reported that three workers have been injured during the incident.  On Sunday, February 28, 2016, at 3.40pm, a shore crane at Sembcorp Marine Tanjong Kling Yard was lifting a bundle of scaffold planks from […]