West Rigel

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.

Broker's Calls

Buyer for West Rigel rig found but graft probe still weighs heavy on SembMarine

SINGAPORE (Dec 27): Sembcorp Marine's subsidiary Jurong Shipyard may have found a buyer for West Rigel, however one negative overhang looming large on the horizon is the Brazilian corruption probe.

Sembcorp Marine to dispose semi-submersible rig for $672 mil

SINGAPORE (Dec 26): Sembcorp Marine announced Tuesday that wholly-owned subsidiary Jurong Shipyard has agreed to sell its semi-submersible rig, West Rigel, for US$500 million ($672 million).

Broker's Calls

Look beyond sale of West Rigel rig at stronger balance sheet for SembMarine

SINGAPORE (Dec 4): UOB KayHian is maintaining its “buy” call on Sembcorp Marine with an unchanged target price of $2.10 on news of a potential sale of West Rigel rig.

Sembcorp Marine and North Atlantic Drilling extends standstill agreement

SINGAPORE (July 7): Sembcorp Marine today announced that its subsidiary, Jurong Shipyard, is extending its standstill agreement with North Atlantic Drilling, for the delivery of the semi-submersibl

Broker's Calls

Acquisition of West Rigel rig from SembMarine-North Atlantic Drilling JV will free up much-needed capital

SINGAPORE (April 10): An acquisition of the US$568-million ($799-million) West Rigel rig by Transocean will be a huge positive given that the latter is jointly owned by Sembcorp Marine and North At

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