West Rigel

SINGAPORE (Mar 28): CIMB is hopeful Sembcorp Marine will be able to secure at least $3 billion in orders in 2018 supported by sizeable production and gas projects.

SINGAPORE (Dec 27): Sembcorp Marine's subsidiary Jurong Shipyard may have found a buyer for West Rigel, however one negative overhang looming large on the horizon is the Brazilian corruption probe.

SINGAPORE (Dec 26): Sembcorp Marine announced Tuesday that wholly-owned subsidiary Jurong Shipyard has agreed to sell its semi-submersible rig, West Rigel, for US$500 million ($672 million).

SINGAPORE (Dec 4): UOB KayHian is maintaining its “buy” call on Sembcorp Marine with an unchanged target price of $2.10 on news of a potential sale of West Rigel rig.

SINGAPORE (July 7): Sembcorp Marine today announced that its subsidiary, Jurong Shipyard, is extending its standstill agreement with North Atlantic Drilling, for the delivery of the semi-submersible drilling rig, the West Rigel.

SINGAPORE (April 10): An acquisition of the US$568-million ($799-million) West Rigel rig by Transocean will be a huge positive given that the latter is jointly owned by Sembcorp Marine and North Atlantic Drilling (NADL) which is facing bankruptcy risk.