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Borr Drilling
SembMarine could take $15 mil hit from sale of nine rigs to Borr Drilling for $1.8 bil
SINGAPORE (Oct 7): A subsidiary of Sembcorp Marine is selling nine Pacific Class 400 jackup drilling rigs, consisting six rigs from terminated contracts and three rigs still under various stages of completion.
October 07, 2017
Keppel says contracts for 5 jackup rigs novated to Borr Drilling
SINGAPORE (June 1): Keppel Corporation says subsidiary Keppel FELS has entered into an agreement with Borr Drilling to novate the construction contracts of the five jackup rigs currently being built by Keppel FELS for Transocean to Borr Drilling.
June 01, 2017
Broker's Calls
Keppel upgraded for contract novation to Borr Drilling on favourable terms
SINGAPORE (March 21): CIMB is upgrading Keppel to “hold” from “reduce” after the rigbuilder says the contracts with Transocean for the five Super B jack-up rigs will be novated to Borr Drilling at US$216 million ($302 million) per rig.
March 21, 2017
Broker's Calls
UOB advises investors to ‘hold’ on to Keppel despite likely Transocean deal
SINGAPORE (March 20): UOB KayHian is advising potential investors of Keppel Corp to “hold” and enter the O&M stock at $6.10 with an exit price of $6.45 in mind.
March 20, 2017