Borr Drilling

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 built by Keppel FELS for Transocean to Borr Drilling.

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 US$216 million ($302 million) per rig.

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.