Borr Drilling

Broker's Calls

Worst is over for Singapore shipyards but still a long way to complete recovery: UOB Kay Hian

SINGAPORE (Dec 17): UOB Kay Hian is maintaining a “market weight” rating on Singapore’s shipyards, with Sembcorp Industries (SCI) as its preferred pick.

Keppel delivers second jack-up rig out of the 10 ordered by Borr Drilling

SINGAPORE (June 13): Keppel Offshore & Marine’s (Keppel O&M) subsidiary, Keppel FELS, has delivered its second jack-up rig for the year to Borr Drilling’s subsidiary Borr Skald – safely, on

Keppel to sell 5 existing rigs to Borr Drilling for $993 mil

SINGAPORE (May 16): Keppel Offshore & Marine’s (Keppel O&M) wholly-owned subsidiary, Keppel FELS, has signed a master agreement to sell five jackup rigs to Borr Drilling for a total value o

Broker's Calls

CIMB hopeful SembMarine can hit at least $3 bil worth of orders this year

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.

Keppel says no agreement yet on sale of jack-up rigs to Borr Drilling

SINGAPORE (Jan 19): Keppel Corp says discussions in relation to the possible sale of jack-up rigs to Borr Drilling are ongoing.

Broker's Calls

SembMarine sale of 9 rigs at minimal loss gives brokers another reason to rerate stock

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

SembMarine could take $15 mil hit from sale of nine rigs to Borr Drilling for $1.8 bil

SINGAPORE (Oct 7): A subsidiary of Sembcorp Marine is selling nine Pacific Class 400 jackup drilling rigs, consisting six rigs from terminated contracts and three rigs still under various stages of

Keppel says contracts for 5 jackup rigs novated to Borr Drilling

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 buil

Broker's Calls

Keppel upgraded for contract novation to Borr Drilling on favourable terms

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

Broker's Calls

UOB advises investors to ‘hold’ on to Keppel despite likely Transocean deal

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.

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