It’s the biggest offshore rig deal of 2022, and it is the most confusing by far. The complexities of the deal scream out why more transparency is needed in corporate di ..
Sembcorp Marine
Keppel O&M signs charters for two “legacy” jack-ups
Keppel Offshore & Marine Ltd (Keppel O&M) has signed agreements for the utilization of two KFELS B Class rigs to be deployed in Saudi Arabia. The bareboat contracts are expected to generate revenue of about S$135 million (about US$97 million) for Keppel O&M including modification works to prepare them for deployment.The two rigs will be chartered by ADES Saudi Limited Company for a period of five years commencing in fourth quarter 2022.
Under the recently signed agreement for the merger of...
https://www.marinelog.com/offshore/keppel-om-signs-charters-for-two-legacy-jack-ups/
VESSEL REVIEW | Vito RPF – Shell Offshore’s newest floating production unit for deployment in Gulf of Mexico
Singapore shipbuilder Sembcorp Marine, through its subsidiary Sembcorp Marine Rigs and Floaters, has successfully completed the Vito Regional Production Facility, a massi ..
The post VESSEL REVIEW | Vito RPF – Shell Offshore’s newest floating production unit for deployment in Gulf of Mexico appeared...
Singapore’s Keppel and SembMarine sign a ‘win-win agreement’ to merge
Singapore’s Keppel Corporation and Sembcorp Marine have signed definitive agreements for the proposed combination of Keppel O&M and Sembcorp Marine. The post Singapore’s Keppel and…
https://www.offshore-energy.biz/singapores-keppel-and-sembmarine-sign-a-win-win-agreement-to-merge/
Talks On Potential Combination Of Keppel O&M And Sembcorp Marine
Each of Keppel and Sembcorp Marine updated their respective shareholders that significant progress has been made on advancing the Proposed Combination, including mutual due diligence, the transaction structure, exchange ratio and other related matters.
In response to the dramatic changes in the global offshore & marine engineering and energy sectors in recent years, the objective of the Proposed Combination is to create a stronger Combined Entity, leveraging respective strengths to realise...
More time and deliberation needed to finalise Keppel O&M and SembMarine merger talks
More time and deliberation are needed to reach the final merger agreement between Keppel O&M and Sembcorp Marine. The post More time and deliberation needed to finalise Keppel O&M and…
VIDEO: Maersk Supply and Kirby partner up for U.S. offshore wind
Mystery solved. Maersk Supply Service is the customer for the wind turbine installation vessel (WTIV) ordered at Singapore’s Sembcorp Marine last week.
Supporting the newbuild investment, Maersk Supply has been awarded a firm contract with Empire Offshore Wind, a joint venture between Equinor and BP, for the installation of U.S. offshore wind farms Empire 1 and 2.
Maersk Supply has been developing an innovative concept for installing offshore wind turbines since 2019. It says that it is is 30%...
COLUMN | Four restructurings: Saipem saved, DOF goes to the line, Havila un-impairs and Siem surges, plus Maersk enters the wind turbine installation business! [Offshore Accounts]
Whilst the Malaysian government dithers over how to rescue its domestic oilfield services powerhouse Sapura Energy after it reported a cash crunch and a loss of US$2.1 bi ..
Work Boat World Offshore Vessel Orders and Deliveries Roundup – March 25, 2022
It’s the offshore wind sector that is the focus of this latest successfion of vessel orders and deliveries. Newly built maintenance vessels are entering service in ..
The post Work Boat World Offshore Vessel Orders and Deliveries Roundup – March 25, 2022 appeared first on Baird Maritime.
Sembcorp Marine Secures Next-Generation WTIV Contract
Singaporean marine and offshore engineering group Sembcorp Marine has secured a contract for the construction of a next-generation Wind Turbine Installation Vessel (WTIV). The WTIV will be based on Sembcorp…
https://gcaptain.com/sembcorp-marine-secures-next-generation-wtiv-contract/