Orders overhang may lift for Keppel, SembMarine
Catalyst is settlement between Petrobras and Sete Brasil over the drilling charters for more than two dozen rigs
Singapore
KEPPEL Offshore & Marine (O&M) and Sembcorp Marine (SembMarine) stand to resolve a long overhang over their rig-building order books as news broke of a settlement between Petrobras and Sete Brasil over the drilling charters for more than two dozen rigs.
News reports said that Petrobras had in a securities filing indicated it will continue to lease four rigs from Sete Brasil. "The rig leasing contracts will last for 10 years and are worth US$299,000 a day," Reuters reported, citing the filing.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein
Keppel prices 70 million euros of floating-rate notes due 2031