Search results for: sembcorp

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A list of search results

  • 21 June 2019
    Business & Finance

    Sembcorp Industries is providing Singapore’s offshore rig builder Sembcorp Marine with a five-year subordinated loan facility of S$2 billion ($1.5 billion), which will strengthen Sembcorp Marine’s financial position amidst the current downturn in the global offshore and marine industry.

  • 20 December 2016

    Singapore’s Sembcorp Industries named Neil McGregor, former CEO of Singapore LNG, as its new chief executive officer from April. He will succeed Tang Kin Fei, who is retiring after 30 years with Sembcorp. Tang Kin Fei, who has led Sembcorp as chief executive since 2005, will remain as advisor and as a non-executive director on the board of […]

  • 22 August 2016
    Project & Tenders

    Sembcorp Marine’s unit Sembcorp Marine Integrated Yard (SMIY) on Friday informed it has decided to acquire 100 percent equity stake in LMG Marin of Norway for US$20 million.

  • 20 December 2016
    Business & Finance

    Singapore’s energy, water, and marine group Sembcorp Industries has announced that its Group President & CEO, Tang Kin Fei, will retire in 2017 after 30 years with the company. Sembcorp said on Tuesday that Kin Fei would retire on March 31, 2017, and would be succeeded by Neil McGregor, effective April 1, 2017. Tang, who has led […]

  • 21 October 2016

    Sembcorp Marine’s subsidiary, Sembcorp Marine Offshore Platforms, has entered into a sale and purchase agreement with its existing minority shareholders to acquire the remaining 30% equity stake in Sembmarine North Sea Limited (SNS).  Singapore’s Sembcorp Marine said on Friday that the consideration of GBP 137,500 ($167,500) will be fully paid for in cash by internal […]

  • 30 June 2015
    Business & Finance

    Sembcorp Marine has reorganized its business as part of an ongoing ‘Transformation for Growth’ strategy. Starting tomorrow, July 1, 2015, Sembcorp Marine will be one brand focusing on four key capabilities, namely, Rigs & Floaters; Repairs & Upgrades; Offshore Platforms; and Specialized Shipbuilding. The company also announced several senior operations and commercial appointments. These are: Ong Poh […]

  • 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. 

  • 26 April 2018
    Project & Tenders

    French LNG containment system maker GTT has signed a technical assistance and license agreement with Singapore-based Sembcorp Marine. The deal is for the design and construction of Sembcorp Marine’s Gravifloat, FSRU and mid-scale LNG carrier products, using GTT membrane solutions. Sembcorp Marine received its approval after completing a qualification process which started in 2017, including […]

  • 5 September 2018

    Singapore’s Sembcorp Marine has completed the acquisition of intellectual property rights of Norway-based Sevan Marine. Sembcorp’s unit Sembcorp Marine Integrated Yard bought the interests and title to all of Sevan Marine’s intellectual property, 95 percent equity interest in HiLoad LNG, as well as took over all operating and associated costs, including unexpired leases. The deal […]

  • 2 April 2014

    Goh Geok Ling will step down and retire as non-executive Chairman and Director of Singapore’s rig offshore builder Sembcorp Marine at the Annual General Meeting on 22 April 2014. Appointed Chairman and Director since 14 February 2006, Goh is also the Chairman of the Executive Committee and Executive Resource & Compensation Committee and a member […]

  • 7 December 2017

    Following a recent letter of intent, Singapore’s Sembcorp Marine has officially secured the contract to build the hull for Statoil’s Johan Castberg FPSO. Statoil and Sembcorp Marine signed the letter of intent back in November. Statoil has earlier this week filed the plan for the Johan Castberg field development to the Norwegian authorities, after which […]

  • 24 June 2019
    Business & Finance

    The loan would be used to retire around SGD 1.5 billion of borrowings, and other purposes.

  • 26 July 2013

    Reference is made to Sembcorp Marine’s announcement dated 29 June 2012 relating to an appeal filed by the Company to the Court of Appeal pertaining to the High Court’s decision on the Company’s claims against PPL Holdings in Suit 351/2010/H. The Court of Appeal has today released its decision in favour of Sembcorp Marine. In […]

  • 9 March 2016
    Project & Tenders

    Singapore’s Sembcorp Marine said on Wednesday it has acquired additional 44 percent equity stake in the Norwegian floating LNG specialist Gravifloat.

  • 2 September 2019
    Project & Tenders, Vessels

    Singapore-based Sembcorp Marine unit Sembcorp Marine Repairs & Upgrades, has added three new LNG projects to its portfolio.

  • 9 July 2018

    Sembcorp Marine, said that it has revised its purchase price of Sevan Marine assets that include the 95 percent equity interest in Hiload LNG. 

  • 8 December 2015

    Singapore’s Sembcorp Marine said in a statement on Tuesday it has rewritten the industry record for the highest number of LNG vessel repair and upgrade projects in a single year. According to Sembcorp Marine, it tops the list for the fourth year running, securing a total of 34 such projects in the global market. Last […]

  • 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 […]

  • 6 May 2011

      Sembcorp Marine announced that Mrs Lim Joke Mui, appointed a non-independent director on 24 November 2007, has stepped down as a Board member and a member of the Board’s Special Committee with effect from 6 May 2011 to pursue her personal interests. Mr Koh Chiap Khiong, who was appointed an alternate director to Mrs […]

  • 18 November 2015
    Business & Finance

    Singapore-based Sembcorp Marine has, through its wholly owned subsidiary Sembcorp Marine Rigs and Floaters, secured a contract to design and build a new floating, storage and offloading (FSO) vessel for Modec Offshore Production Systems (Singapore), a subsidiary of Modec, Inc. Scheduled for delivery in the first quarter of 2018, the FSO unit will be Sembcorp’s first FSO newbuilding secured […]

  • 2 April 2014
    Business & Finance

    The Board of Directors of Sembcorp Marine today announced the following changes to the Board with effect from 22 April 2014. Retirement of Mr Goh Geok Ling as Chairman and Director of the Board Mr Goh Geok Ling will step down and retire as non-executive Chairman and Director of Sembcorp Marine at the Annual General […]

  • 3 July 2019
    Business & Finance, Exploration & Production

    The search warrant the Brazilian authorities execute was related to the “Operacao Lava Jato”