Borr Drilling

Company in the news

SembMarine subsidiary agrees to defer US$800 mil receivables from Borr Drilling for two years

Borr Drilling has also agreed to pay Sembcorp Marine's wholly-owned subsidiary, PPL Shipyard, an extension fee.
Keppel O&M enters into second framework deed with Borr Drilling to defer delivery of rigs to 2023 - THE EDGE SINGAPORE

Offshore & Marine

Keppel O&M enters into second framework deed with Borr Drilling to defer delivery of rigs to 2023

The deferment comes after Keppel O&M entered into a framework deed on June 5, 2020, to defer the delivery of the rigs to 2022.

Offshore & Marine

Keppel O&M enters into framework deed with Borr Drilling

Under the agreement, Keppel O&M will defer the scheduled delivery of five jackup rigs to Borr Drilling to 2022. The rigs will be delivered progressively. Borr Drilling will cover holding costs for all the deferred deliveries.

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 time, and on budget.

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 of US$745 million ($993 million).

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 completion.
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