SINGAPORE, Oct 7 (Reuters) – Singapore firms Keppel Corp and Sembcorp Marine said on Monday they had reached settlements with indebted Brazilian firm Sete Brasil over long-standing contracts to build...

By Guillermo Parra-Bernal SAO PAULO, April 20 (Reuters) – Shareholders in Sete Brasil Participações SA voted on Wednesday to allow the ailing rig lessor to seek bankruptcy protection after efforts...

By Francisco Marcelino (Bloomberg) — Shareholders of oil-rig venture Sete Brasil Participacoes SA agreed to a plan to file for bankruptcy protection after its single client failed to present a...

By Guillermo Parra-Bernal and Aluísio Alves SAO PAULO, April 4 (Reuters) – State-controlled Petróleo Brasileiro SA unsuccesfully sought the appointment of arbiters to rework a long-term contract with debt-laden drilling...

SINGAPORE, July 29 (Reuters) – Singapore’s Sembcorp Marine has not received payment from Sete Brasil on drillship projects this year and may slow down the projects if the situation persists,...

Sembcorp Marine said it is in talks with Sete Brasil over delayed payments worth millions of dollars on orders that the Brazilian company has placed with the Singaporean rig builder.

[Dow Jones] SembMarine’s (S51.SG) new drillship order from Sete Brasil for US$806 million was a pleasant surprise, Barclays says. “The seventh drillship order from Sete Brasil demonstrates its confidence in...

Sembcorp Marine’s 7th Brazilian drillship newbuild order has just been secured at a contract value of US$806.4 million. Ordered by Sete Brasil Participações S.A. (Sete Brasil), this rig, and her 6 other sister...

RIO DE JANEIRO–Brazilian billionaire entrepreneur Eike Batista is in early talks to merge his shipbuilding and oilfield-services company, OSX Brasil S/A (OSXB3.BR), with drill-rig holding company Sete Brasil, local financial daily Valor Economico reported Monday. Talks...

Singapore-based Sembcorp Marine announced today that they have secured contracts worth approximately USD $4 Billion from Sete Brasil ParticipacÇ’es S.A. (Sete Brasil), for the design and construction of five drillships...

SINGAPORE–Keppel Corp. Ltd. (BN4.SG) Tuesday said it has firmed up contracts to build five additional semisubmersible drilling rigs for Sete Brasil Participacoes SA for US$4.1 billion. The five rigs will...

Petrobras signed contracts today with Sete Brasil, Queiroz Galvão, Petroserv, Odebrecht, Odfjell and Seadrill for the chartering and operation of 12 floating drilling platforms to be built at Brazilian shipyards,...

RIO DE JANEIRO–Brazilian shipbuilder and oil-field-services company OSX Brasil SA (OSXB3.BR), part of billionaire businessman Eike Batista’s industrial empire, is targeting state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or...

SINGAPORE (Dow Jones)–Keppel Corp. (BN4.SG) has signed a letter of intent with Sete Brasil Participacoes SA to design and build five additional semisubmersible drilling rigs, ahead of a potential deal...

RIO DE JANEIRO -(Dow Jones)- Shareholders of Brazilian drilling-rig holding company Sete Brasil approved a capital increase as the company prepares to line up financing to fulfill one of the...

RIO DE JANEIRO (Dow Jones)–Fresh from winning one of the world’s single-largest orders for drilling rigs, investment company Sete Brasil plans to spend $27 billion over the next eight years...