SINGAPORE: Keppel Corp and Sembcorp Marine have agreed to explore a potential tie-up that would see them combine their struggling offshore and marine (O&M) businesses after years of losses in an industry downturn. A deal would see Keppel spin off the new business into a listed entity and ...

Sembcorp Marine (SembMarine) has announced that intends to take a renounceable underwritten rights issue to raise gross proceeds of some $1.5 billion with an issue price of 8 cents per rights share. The company will issue up to 18.83 billion new shares in its capital on the basis of three new shares...

KEPPEL Corp and Sembcorp Marine have signed a non-binding memorandum of understanding (MOU) to enter into exclusive talks with the aim of merging Keppel Offshore & Marine (O&M) and Sembcorp Marine.

SEMBCORP Marine is planning an additional S$1.5 billion rights issue to shore up its financial position and accelerate its pivot towards clean energy, it said in a filing to the Singapore bourse on Thursday evening.

A MERGER of Keppel Corporation's offshore and marine (O&M) business with that of Sembcorp Marine (Sembmarine) would be a positive for both companies, analysts polled by The Business Times said.

KEPPEL Corporation called for a halt in the trading of its shares pending the release of an announcement. The halt was called at 7.34am before the market opened for trading.

SINGAPORE: Singapore-listed conglomerate Keppel Corp and rig builder Sembcorp Marine on Thursday (Jun 24) requested the stock exchange in separate filings that their shares be placed on trading halts pending announcements. Keppel and Sembcorp Marine were among the world's biggest oil rig-builders ...

RHB Group Research believes upstream oil producers such as RH Petrogas and Rex International are immediate beneficiaries in Singapore following the upward swing in crude oil prices. The increase in crude oil prices comes on the back of declining global oil inventories and better-than-expected global...

SEMBCORP Marine (Sembmarine) has begun exploring alternative sources of skilled labour, which is likely to incur increased manpower costs for ongoing projects, as it continues to face a shortage with the increased restrictions implemented in Phase 2 (Heightened Alert).