SEMBCORP Marine Rigs & Floaters, a unit of mainboard-listed Sembcorp Marine (SembMarine), has secured a contract from TechnipFMC to undertake the engineering, procurement and construction of hull...

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...

SEMBCORP Marine confirmed at the release of its full-year results that the Brazilian authorities have charged an individual arrested due to alleged illegal payments connected to drillship awards to...

SEMBMARINE'S shares have soared during trading on Tuesday with the oil and gas firm's stock price trading up S$0.13, or 5.5 per cent, at S$2.5 as at 10am. ...

HOCK LOCK SIEW

MOST offshore and marine (O&M)-related counters took a beating along with a broad-market slide the first half of last week before some counters clawed back losses over the weekend.

NEWS ANALYSIS

THE road to recovery for Singapore's embattled offshore and marine (O&M) sector will be a bumpy one - with consolidation looming on the horizon for large-cap yard operators and small- to mid...

ANALYSTS at OCBC Investment Research have upgraded SembMarine (SMM) to "hold" despite the drop in its share price following Keppel Corp's agreement for its offshore unit to pay a US$...

KEPPEL Corp shares fell as much as 5.1 per cent on Tuesday following news that its offshore and marine unit had been slapped with fines totalling US$422 million relating to corrupt payments made by a...

SEMBCORP Marine confirmed on Tuesday that it has agreed to sell the West Rigel semi-submersible rig to an undisclosed buyer in a US$500 million deal that will result in a loss of about S$24 million.

SHARES of offshore and marine groups Keppel Corporation and Sembcorp Marine (SembMarine) extended their losses from morning trade, falling more than 3 per cent by midday.