Oro Negro

SINGAPORE (Oct 9): The sale of nine undelivered jackup rigs by Norwegian Borr Drilling is welcome relief for Sembcorp Marine, says CIMB.

SINGAPORE (Oct 4): Shares in Sembcorp Marine are down 1.7% at $1.73 after announcing this morning it needs to find new buyers for three jack-up rigs that are already built.

SINGAPORE (Oct 26): Sembcorp Marine’s announcement that it had sunk to a net loss of $21.8 million in 3Q while 9-month earnings of $44.5 million made up just 25% of consensus full-year earnings came as a surprise for market watchers already expecting a

SINGAPORE (July 28): Rigbuilder Sembcorp Marine announced revenues amounting to $1.83 billion for the first six months of the year, a 27% year-on-year drop as customers deferred taking delivery of their orders and new contracts dwindled on the back of low