Search results for: Sete Brasil

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A list of search results

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

    Brazilian oil major Petrobras has prolonged the deadline for certain conditions of an agreement and settlement with Sete Brasil related to a charter of four and termination of contracts for 24 drilling rigs.

  • 20 December 2019
    Exploration & Production

    Petrobras has approved an agreement with Sete Brasil related to a charter four and termination of contracts for 24 drilling rigs.

  • 7 October 2019
    Exploration & Production

    Brazilian drilling contractor Sete Brasil has reached agreements with Singapore’s rig builders Keppel Offshore & Marine and Sembcorp Marine related to contracts for the construction of six semi-submersible rigs and seven drillships, respectively. 

  • 25 April 2016
    Exploration & Production

    Sembcorp Marine, a Singapore-based drilling rig builder, has launched an arbitration proceedings against Brazilian drilling contractor Sete Brazil. The news comes following reports that Sete Brasil was getting ready to file for bankruptcy protection. Sete Brasil was formed in 2011 to own and operate drilling rigs to be used by Petrobras for drilling offshore Brazil. The […]

  • 15 December 2017
    Exploration & Production

    Petrobras has obtained a favorable arbitration award related to a rig dispute with its compatriot offshore driller Sete Brasil. 

  • 2 March 2018
    Exploration & Production

    Brazilian state-owned oil and gas giant Petrobras has reached a possible settlement with its compatriot rig lessor Sete Brasil to charter four and terminate contracts for 24 drilling rigs. 

  • 6 February 2020
    Exploration & Production

    Sete Brasil and Sembcorp Marine have fulfilled all conditions precedent for a settlement regarding contracts for the construction of seven drillships to become effective and Sembcorp Marine is now in talks with a buyer for the completion of two drillships. 

  • 17 January 2014

    The Brazilian Development Bank (BNDES) has approved a $3.72 billion loan to Sete Brasil. The loan will help Sete Brasil to finance construction of nine drilling rigs out of 29-rig portfolio announced in 2012, two semisubmersibles and seven drillships, the bank said in its release yesterday. These nine rigs, slated for delivery between 2015 and 2016, are […]

  • 15 August 2016
    Exploration & Production

    Brazil’s struggling offshore drilling company Sete Brasil has reportedly filed a draft reorganization plan for the company. The drilling company was formed in 2010 to own and operate a large fleet of drilling rigs, to be used by the Brazilian oil giant Petrobras. This was supposed to be a 28-rigs, $90 billion in revenues project. […]

  • 25 May 2016
    Business & Finance

    Singapore-based global marine and offshore engineering company Sembcorp Marine Ltd said it would rigorously defend itself in Petrobras fraud case if it is called to court. The announcement was issued as a response to media reports saying that Sembcorp Marine Ltd and its subsidiary Jurong Shipyard Pte Ltd have been named as defendants along with other shipyards […]

  • 12 April 2012
    Business & Finance

    Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiaries, Keppel FELS Brasil S.A. and Estaleiro BrasFELS Ltda, has signed a Letter of Intent (LOI) with Sete Brasil Participações S.A. (Sete Brasil), for the design and construction of five additional semisubmersible (semi) drilling rigs based on Keppel’s proprietary DSSTM 38E design. The aim of the […]

  • 8 August 2012
    Business & Finance

    Sembcorp Marine Ltd, through Jurong Offshore Pte Ltd’s wholly-owned subsidiaries has secured total contracts worth approximately US$4,032 million from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of five drillships based on Jurong Shipyard’s proprietary Jurong Espadon drillship design. In addition to the above, Sembcorp Marine had on 6 February 2012 announced […]

  • 2 June 2016

    Singapore’s conglomerate Keppel has been linked to a conspiracy case in Brazil, involving a now bankrupt drilling contractor Sete Brasil. The Singaporean company said that it, along with its offshore rig building subsidiary Keppel Offshore & Marine, has been named as a defendant in an action started by Investment fund EIG against Brazilian oil company Petrobras. EIG filed a claim the United […]

  • 25 May 2016
    Exploration & Production

    Sembcorp Marine, a Singapore-based rig builder, has rebuffed allegations linking it with a conspiracy case in Brazil. The company was responding to an article by the Norwegian newspaper Upstream, according to which Sembcorp Marine and its subsidiary Jurong Shipyard have been named as defendants along with other shipyards and entities in a complaint filed by […]

  • 8 August 2012
    Business & Finance, Project & Tenders

    Sembcorp Marine Ltd, through Jurong Offshore Pte Ltd’s wholly-owned subsidiaries has secured total contracts worth approximately US$4,032 million from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of five drillships based on Jurong Shipyard’s proprietary Jurong Espadon drillship design. In addition to the above, Sembcorp Marine had on 6 February 2012 announced […]

  • 12 April 2012
    Business & Finance

    Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiaries, Keppel FELS Brasil S.A. and Estaleiro BrasFELS Ltda, has signed a Letter of Intent (LOI) with Sete Brasil Participações S.A. (Sete Brasil), for the design and construction of five additional semisubmersible (semi) drilling rigs based on Keppel’s proprietary DSSTM 38E design. The aim of the […]

  • 17 January 2014

    The Brazilian Development Bank (BNDES)  has approved long-term financing in the amount of USD 3.7 billion (R$8.8 billion) to Sete Brasil.   Sete Brasil will use the cash to finance the construction of nine offshore drilling rigs, seven of which will be drillships and two semi-submersibles. The rigs are being built in five Brazilian shipyards. The […]

  • 8 August 2012
    Business & Finance

    Sembcorp Marine Ltd, through Jurong Offshore Pte Ltd’s wholly-owned subsidiaries has secured total contracts worth approximately US$4,32 Billion from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of five drillships based on Jurong Shipyard’s proprietary Jurong Espadon drillship design. In addition to the above, Sembcorp Marine had on 6 February 2012 announced […]

  • 25 April 2016
    Business & Finance

    Singaporean shipbuilder Sembcorp Marine Ltd has launched an arbitration proceedings against various subsidiaries of Brazilian oil rig contractor Sete Brasil which had filed for a judicial recovery on April 20th, 2016. Sembcorp Marine said that the move is aimed at preserving interests under the total of 7 Sete contracts for construction of drillships. Petrobras subsidiary placed the order […]

  • 8 August 2012

    Sembcorp Marine Ltd, through Jurong Offshore Pte Ltd’s wholly-owned subsidiaries has secured total contracts worth approximately US$4,32 Billion from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of five drillships based on Jurong Shipyard’s proprietary Jurong Espadon drillship design. In addition to the above, Sembcorp Marine had on 6 February 2012 announced […]

  • 6 February 2012
    Business & Finance

    Sembcorp Marine’s wholly-owned Brazilian shipyard Estaleiro Jurong Aracruz has secured a contract worth approximately US$792.5 million from Guarapari Drilling BV, Netherlands, a subsidiary of Sete Brasil Participacões S.A. (Sete Brasil), for the design and construction of a drillship based on Jurong Shipyard’s proprietary Jurong Espadon drillship design. The Jurong Espadon drillship represents the next generation […]

  • 30 March 2015
    Exploration & Production

    A person connected to drilling rigs construction contracts between Brazilian drilling contractor Sete Brasil and Singapore’s rig builder Sembcorp Marine, has been arrested. According to Sembcorp Marine, based on allegations by Petrobras’ former engineering manager Pedro Jose Barusco, Brazilian authorities on Friday, March 27, arrested a certain Guilherme Esteves de Jesus. Sembcorp has said that Guilherme Esteves de […]