OCTOBER 4, 2017 — Sembcorp Marine reports that wholly-owned subsidiary, PPL Shipyard Pte Ltd has terminated three contracts with Mexico’s Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. and its subsidiary Oro
SEPTEMBER 18, 2017 – Houston headquartered SeaOne Caribbean LLC has signed a letter of intent with Sembcorp Marine subsidiary Sembcorp Marine Specialised Shipbuilding Pte. for the design and construction of at least
SEPTEMBER 11, 2017— Sembcorp Marine’s Brazilian shipyard, Estaleiro Jurong Aracruz, is to carry out hull carry over works worth about US$145 million for Tupi B.V. for the FPSO P-68 Tupi Project. Back
AUGUST 31, 2017 — Singapore’s Sembcorp Marine Ltd reports that its wholly-owned subsidiary, PPL Shipyard Pte Ltd, has terminated two contracts with the subsidiaries of Perisai Petroleum Teknologi Bhd, for the construction
FEBRUARY 22, 2017 — Singapore’s Sembcorp Marine posted Group revenue of SGD 3.54 billion for the year ended December 31, 2016 (FY 2016) compared with SGD 4.97 billion previously. The Group reported
AUGUST 19, 2016 — Singapore’s Sembcorp Marine Ltd today reported that it has reached an agreement to acquire a i100% equity stake in LMG Marin AS (“LMG”) for US$20 million. LMG is
JULY 13, 2016 — GE’s Marine Solutions business is to provide a high-voltage system to power and propel the world’s largest semi-submersible crane vessel (SSCV), Sleipnir, currently under construction at the Sembcorp
MAY 31 2016 — Sembcorp Marine’s Jurong Shipyard, has delivered the high-specification jack-up rig Maersk Highlander (formerly known as Hercules Highlander) to Maersk Highlander UK Ltd. This follows the announcement last week
MARCH 1, 2016 — Offshore drilling contractor Noble Corporation plc (NYSE: NE) reports that its newbuild jack-up rig, the Noble Lloyd Noble, sustained damage on February 28, 2016 following the collapse of
The good news is that subsidiary Sembcorp Marine Rigs and Floaters Pte. Ltd. has secured a contract to design and build a new floating, storage and offloading (FSO) vessel for MODEC Offshore Production Systems (Singapore) Pte. Ltd. (MOPS), a subsidiary of MODEC, Inc.
The bad news is Marco Polo Marine Ltd yesterday canceled a $214 million contract placed by subsidiary MP Drilling at Sembcorp Marine’s PPL Shipyard for the construction of a high-spec Pacific Class 400 jack-up.
“In arriving at this decision to terminate the rig construction contract,” said Marco Polo, it had taken into account “various factors including cracks found on all three legs of the New Rig during two rounds of tests, notwithstanding repair works carried out by PPL after the first round of tests.”It said it would not be taking delivery of the rig and would be seeking return of its initial $21.4 million payment, plus interest.
Today, Sembcorp Marine said that PPL Shipyard had not received any notice of termination of the construction contract at the time it learnt of the announcement.
“PPL Shipyard disagrees with the allegations in the announcement and will regard this as repudiatory breach of the contract, and will terminate the Contract and claim amounts due under the Contract against MP Drilling and its guarantor Marco Polo Marine,” said Sembcorp Marine. “PPL Shipyard will take the necessary steps to enforce its rights.
MODEC FSO
Scheduled for delivery in first quarter 2018, the new floating, storage and offloading (FSO) vessel ordered by MODEC Offshore Production Systems (Singapore) Pte. Ltd.(MOPS) will be Sembcorp Marine’s first FSO newbuilding secured on a full turnkey project basis including Engineering, Procurement, Construction and Commissioning (EPCC). MODEC will supply the internal turret and topside modules (vapor recovery unit and metering skid) which Sembcorp Marine will install and integrate.
Mr. William Gu Wei Guang, Head of Sembcorp Marine Rigs & Floaters, said: “This is our 24th project working with MODEC and the first newbuild FSO for SCM Rigs & Floaters. The FSO will be built using our facilities at Tuas Boulevard Yard. We thank MODEC for placing their confidence and trust in us.”
When completed, the FSO will be deployed at Maersk Oil’s Culzean field, the largest new oil and gas field to have been discovered in the North Sea for a decade, and recently approved by the UK Oil & Gas Authority for development.