Sembcorp Marine News

 

Sembcorp Marine Proposes Name Change Following Merger with Keppel Offshore & Marine

Apr 03, 2023

Singapore-based Sembcorp Marine said Monday it was proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited.'This follows the completion of the combination of the company's businesses and Keppel Offshore & Marine Ltd on February 28, 2023, and will adopt a new branding for the enlarged entity.'The proposed change of name is subject to shareholders’ approval and will not affect the identity of the Company or any of its rights and obligations…

Singapore's Seatrium to Build Two Substations for U.S. Offshore Wind Farm Projects

May 05, 2023

Singapore's Seatrium, through its subsidiary Sembcorp Marine Offshore Platforms Pte. Ltd. (“SMOP”), has secured a contract worth more than S$500 million for two offshore wind farm substations from Empire Offshore Wind, a joint venture between Equinor and BP…

ABB Provide Electrical System Automation for Petrobras' P-82 FPSO

Apr 27, 2023

Singapore's Sembcorp Marine has ordered from ABB the complete electrical system automation for the P-82 FPSO Sembcorp Marine is building for the Brazilian oil company Petrobras.The P-82 FPSO, ordered by Petrobras in October 2022,  will be one…

Brazilian Authorities Launch Probe Against Sembcorp Marine Unit

Mar 24, 2023

Brazilian authorities have reportedly launched a preliminary investigation into the Brazilian subsidiary of the Singapore-based marine and offshore engineering group Sembcorp Marine.'Sembcorp Marine Ltd wishes to inform that it has come to its…

Singapore's Keppel Completes $3.34B Sale of Offshore Unit to Sembmarine

Feb 28, 2023

Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. ($1 = 1.3484 Singapore dollars) (Reuters - Reporting by Jaskiran Singh in Bengaluru…

Transocean Looking to Raise $500M via Senior Secured Notes Offering

Jan 09, 2023

Offshore drilling company Transocean is looking to raise $500 million through a private offering of senior secured notes due in 2028. The offshore drilling contractor said Monday that its subsidiary, Transocean Titan Financing Limited (“Transocean Titan”)…

Sembcorp Delivers 8th-generation Drillship Deepwater Titan to Transocean

Dec 29, 2022

Singapore-based shipbuilder Sembcorp Marine has delivered Deepwater Titan, the world’s second 8th-generation drillship, to Transocean subsidiary Triton Titan GmBH.Deepwater Titan is the second of two new 8th-generation drillships constructed…

Offshore Wind: Ørsted Taps Sembmarine for Hornsea 2 Preventative Maintenance

Nov 04, 2022

Singapore-based Sembcorp Marine said Friday its subsidiary Sembmarine SLP had won a Planned Preventative Maintenance (PPM) contract with the Danish offshore wind developer Ørsted for the Hornsea 2 offshore wind farm, one of the world’s largest…

Sembcorp Marine to Buy Keppel Offshore & Marine for $3.2B, Scraps Merger Plan

Oct 27, 2022

Singapore's Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp's offshore and marine unit and form new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion), the Temasek-backed oil rig builder said on Thursday…

NFE Taps Sembcorp Marine to Convert Offshore Drilling Rigs to FLNG Units

Oct 20, 2022

Singapore's Sembcorp Marine has signed Master Service Agreements with New Fortress Energy Inc. for the engineering and conversion of two Sevan cylindrical drilling vessels into Floating LNG ('FLNG') liquefaction facilities, including the fabrication and integration of LNG topside modules…

Sembcorp Marine, Borr Drilling Agree on Rig Payment Delay

Oct 10, 2022

Sembcorp Marine's subsidiary, PPL Shipyard has reached definitive agreements with offshore drilling company Borr Drilling to defer its receivables from Borr Drilling from 2023 to 2025.The definitve agreements follow agreements in principle announced previously…

Petrobras Orders 10th FPSO for Búzios Field

Oct 04, 2022

Brazilian oil and gas company Petrobras has ordered a floating, production, storage, and offloading (FPSO) vessel from Singapore's Sembcorp Marine Rigs & Floaters.The FPSO, named P-82, will be deployed at the giant Búzios oil field, in the Santos Basin pre-salt area…

Steerprop's Propulsion Package for Maersk's First Offshore Wind Installation Vessel

Aug 16, 2022

Steerprop, a designer and manufacturer of high-performance propulsion systems, has won a major order to supply the complete propulsion package for Maersk Supply Service's recently ordered Wind Installation Vessel (WIV). Singapore-based Sembcorp Marine Ltd…

Sembcorp Marine Cuts Losses as Easing COVID Curbs Aid Project Deliveries

Aug 11, 2022

Singapore's Sembcorp Marine Ltd (Sembmarine) said on Friday its half-year loss narrowed 78% from a year earlier, as the oil rig builder finished delayed projects after pandemic curbs were eased while also benefiting from cost management.The…

Sembcorp Marine Bags Gas Topsides EPCI Deal

Jul 19, 2022

Singapore-based Sembcorp Marine said Monday it had secured an engineering, procurement, construction, and installation contract for a gas topsides project from a major energy company in Australia.Sembcorp Marine, which did not say who the client was…

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