Transocean

Following its delivery, the drillship is scheduled for deployment on a five-year contract in the US Gulf of Mexico.

The completion of the drillship marks a key milestone in SembMarine’s offshore construction track record.

(Sept 4): Offshore oil driller Transocean said on Tuesday it would buy peer Ocean Rig UDW Inc in a US$2.7 billion ($3.7 billion) cash-and-stock deal, its second major acquisition this year as the company bets on a recovery in the offshore sector.

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.

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.

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.

SINGAPORE (March 20): Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine, has entered into an agreement with Borr Drilling whereby the construction contracts for the five jackup rigs currently being built by Keppel FELS for Transocean will

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.