Monday, October 7, 2019
offshore drillship
Maritime News

Keppel, Sembcorp Marine Reach Rig Settlement with Sete Brazil

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...

October 7, 2019
Total Views: 13

Thursday, April 21, 2016
sete brasil,
Maritime News

Sete Brasil Bankruptcy Seen as Blow to Petrobras, Shipbuilders

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...

April 21, 2016
Total Views: 14

Wednesday, April 20, 2016
News

Sete Brasil Shareholders Approve Plan to File for Bankruptcy

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...

April 20, 2016
Total Views: 3

Monday, April 4, 2016
Maritime News

Petrobras Sought Arbitration in Sete Brasil Talks, Sources Say

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...

April 4, 2016
Total Views: 14

Wednesday, July 29, 2015
News

Sembcorp Marine: Sete Brasil Stiffing Us on Drillship Projects

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,...

July 29, 2015
Total Views: 0

Thursday, February 12, 2015
News

Sembcorp Marine in Talks with Sete Brasil Over Delayed Payments

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.

February 12, 2015
Total Views: 6

Friday, November 30, 2012
Shipbuilding

Sete Brasil’s Drillship Order a “Pleasant Surprise”

[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...

November 30, 2012
Total Views: 0

Wednesday, November 28, 2012
Espadon Jurong Drillship Design
Engineering News

Sete Brasil Orders 7th Brazilian-Built Drillship from Sembcorp Marine

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...

November 28, 2012
Total Views: 17

Monday, September 24, 2012
Offshore News

Batista’s OSX in Merger Talks With Sete Brasil [REPORT]

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...

September 24, 2012
Total Views: 3

Wednesday, August 8, 2012
ocean rig poseidon tanzania offshore drilling drillship deepwater
Engineering News

Singapore-Based Shipbuilders Win Over $8 Billion in Drillship Orders from the Brazilians

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...

August 8, 2012
Total Views: 10

Monday, August 6, 2012
News

No Slowdown in Sight for Deepwater Rigs, Keppel Signs $4.1 Billion Order

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...

August 6, 2012
Total Views: 0

Friday, August 3, 2012
petrobras 10000 drillship
News

Petrobras Signs Newbuild Contracts for a Dozen Hi Spec Offshore Drilling Rigs

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,...

August 3, 2012
Total Views: 3

Friday, July 27, 2012
sete brasil petrobras fpso
News

OSX Brasil Positioning Itself to Compete for Big Petrobras Contracts

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...

July 27, 2012
Total Views: 0

Thursday, April 12, 2012
Offshore News

UPDATE – Keppel Signs Rig-Building Pact With Sete Brasil Potentially Worth US $4.12 Bln

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...

April 12, 2012
Total Views: 2

Sunday, March 11, 2012
ocean rig sete brasil drillships samsung heavy industries shipyard shipbuilding
Engineering News

Sete Brasil Shareholders Approve $3.9 Billion Investment Capital Increase

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...

March 11, 2012
Total Views: 4

Saturday, February 11, 2012
ocean rig drillship
News

Sete Brasil Prepares to Become one of the World’s Largest Drilling Companies

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...

February 11, 2012
Total Views: 22