Transocean Delays Drillships at Sembcorp Marine

Switzerland-based offshore drilling contractor Transocean (NYSE: RIG) has announced an agreement with a unit of Sembcorp Marine to delay the delivery and related final payments of two dynamically positioned ultra-deepwater drillships. The drillships are on order at Sembcorp Marine's Jurong Shipyard in Singapore. The proprietary Jurong Espadon 3T designed rigs are now … [Read more...]

Heerema Signs LOI for World’s Mightiest Crane Vessel

Heerema Offshore Services says it has signed a Letter of Intent for the engineering and construction of a new semi-submersible crane vessel (NSCV) with Jurong Shipyard, a fully owned subsidiary of Sembcorp Marine. Heerema Offshore Services B.V., a subsidiary of Heerema Marine Contractors Holding Nederland SE (HMC), will equip its new vessel with two cranes of 10,000 tonnes … [Read more...]

SPOTD: Centennial J Gets Set for Turret Installation at Jurong

The VLCC Centennial J was selected by Tullow Oil for the Tweneboa-Enyenra-Ntomme (TEN) Project offshore Ghana where she is currently being converted into an FPSO at Jurong Shipyard. In the above screenshot, her bow has been removed in preparation for the installation of the turret and swivel which will collect all the production fluids from the seabed and allow hydraulic and … [Read more...]

Bears Crowd to Sembcorp After Stock’s 18% Drop

By Jonathan Burgos and Kyunghee Park Oct. 13 (Bloomberg) -- Sembcorp Marine Ltd. lost about $1.3 billion in market value this year, making it the second-biggest decliner on Singapore’s Straits Times Index. There’s more pain to come if short sellers are any guide. Bearish bets on the stock climbed to the highest level in more than a year after the world’s second-biggest … [Read more...]

Teekay’s Navion Norvegia to be Converted for Libra FPSO Project

By late 2016, Teekay Offshore's shuttle tanker Navion Norvegia will he installed offshore Brazil after an extensive yard period at Jurong Shipyard in Singapore where she will be comverted to an FPSO. The vessel will be part of a 50/50 joint venture between Teekay Offshore and Brazil’s Odebrecht Oil & Gas and Teekay Offshore. Jurong Shipyard notes the $696 million … [Read more...]