Company Overview and News

 
Transocean (RIG) Buys Stake in New Harsh Environment Rig

2018-05-10 zacks
Transocean Ltd. (RIG - Free Report) recently announced that the company has bought 33.3% interest in a newly built harsh environment semisubmersible, West Rigel. The semisubmersible was built by Sembcorp Marine Ltd.’s subsidiary, Jurong Shipyard Pte Ltd. and is worth $500 million.

 
Transocean Acquires Interest in Harsh Environment Newbuild Semisubmersible

2018-05-09 globenewswire
STEINHAUSEN, Switzerland, May 09, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today that, through a joint venture with funds managed and/or advised by Hayfin Capital Management LLP (“Hayfin”), it has purchased a 33.3% interest in the West Rigel, a newbuild harsh environment semisubmersible. The total purchase price for the rig, built by Sembcorp Marine Ltd.’s (“Sembcorp”) Jurong Shipyard Pte Ltd, is $500 million.

 
Sembcorp Marine Q1 profit slumps 86% - Channel NewsAsia

2018-04-26 channelnewsasia
SINGAPORE: Singaporean rig builder Sembcorp Marine on Wednesday (Apr 25) posted an 86 per cent fall in first-quarter profit and signalled a subdued outlook for rig orders.

 
Singapore's Sembcorp Marine 1Q Profit Slumps 86%, Outlook Subdued

2018-04-25 rigzone
SINGAPORE, April 25 (Reuters) - Singaporean rig builder Sembcorp Marine Ltd said on Wednesday first-quarter profit fell 86 percent, and signalled a subdued outlook for orders and business volumes.

 
Transocean April Fleet Status A Must Read

2018-04-20 seekingalpha
The offshore drilling industry is not doing exceptionally fantastic even if oil prices are bullish. RIG Backlog is still weakening.

 
SembCorp Industries - Turnaround Story, Catalyzed By Business Overhaul And Macro Factors

2018-04-10 seekingalpha
Despite weakening financial performance, the recovery in oil prices and a change in leadership catalyze a compelling turnaround story.

 
Sembcorp Nets Karish, Tanin FPSO Engineering Contract

2018-03-28 rigzone
Sembcorp Marine Ltd announced Wednesday that its wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters Pte. Ltd., has secured a contract from TechnipFMC to undertake the engineering, procurement and construction of hull and living quarters for a newbuild Floating Production, Storage and Offloading vessel (FPSO).

1
Borr Drilling Offers To Acquire Paragon Offshore For $232.5 Million

2018-02-26 seekingalpha
On February 22, 2018, according to Borr Drilling has made a binding tender agreement to offer to purchase all outstanding shares in Paragon Offshore for $232.5 million.

 
Sembcorp Industries to raise $380 miliion from asset sales, plans India energy IPO

2018-02-23 in.reuters
SINGAPORE (Reuters) - Singapore’s Sembcorp Industries said on Friday it expects to raise about $380 million from the sale of some utilities assets and plans to list its Indian energy business, as it reported a plunge in quarterly profit.

 
Sembcorp Industries to raise $380 mn from asset sales, plans India energy IPO

2018-02-23 livemint
Singapore: Singapore’s Sembcorp Industries said on Friday it expects to raise about $380 million from the sale of some utilities assets and plans to list its Indian energy business, as it reported a plunge in quarterly profit.

 
Sembcorp Industries to raise S$500 million from asset sales, plans India energy IPO - Channel NewsAsia

2018-02-23 channelnewsasia
SINGAPORE: Sembcorp Industries said on Friday (Feb 23) it expects to raise about S$500 million from the sale of some utilities assets and plans to list its Indian energy business, as it reported a plunge in quarterly profit.

 
Transocean's February Fleet Status: In-Depth Analysis

2018-02-20 seekingalpha
Transocean released its fleet status on February 19, 2018. It was a busy fleet status update which is an encouraging sign that indicates a recovery in motion.

 
Singapore Budget 2018: Winners and losers

2018-02-19 themalaymailonline
Singapore Budget 2018 aims to financially equip the city state for financial pressures that will come with a rapidly aging population. — Reuters file pic SINGAPORE, Feb 19 — A range of tax increases, including a 2 percentage point increase to 9 per cent in the goods and services levy, were unveiled by Singapore Finance Minister Heng Swee Keat in his budget speech to Parliament as among measures to financially equip the city state for financial pressures that will come with a rapidly aging population.

 
Singapore stock adds S$2b in three weeks on orders outlook

2018-02-04 themalaymailonline
Sembcorp Industries Ltd is the Singapore Stock Exchange's (pic) best performer in January 2018 after strong gains freom Sembcorp Marine Ltd. — Reuters picSINGAPORE, Feb 5 — Sembcorp Marine Ltd has gained almost S$2 billion (RM5.9 billion) in just three weeks — making its parent Singapore’s best-performing stock in the past month — as investors and analysts became more optimistic on the prospect of a potential surge in new orders amid rising oil prices.

 
This Singapore Stock Gained $1.5 Billion in Three Weeks - Bloomberg

2018-02-04 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Related Articles

ANTH: Anthera Pharmaceuticals Analysis and Research Report

2018-05-21 - Asif

Overview Anthera Pharmaceuticals, Inc. is a biopharmaceutical company focused on advancing the development and commercialization of innovative medicines that benefit patients with unmet medical needs. The company currently have two compounds in development, Sollpura and blisibimod. The company licensed Sollpura from Eli Lilly & Co (“Eli Lilly”) in July 2014. Sollpura is a novel non-porcine investigational Pancreatic Enzyme Replacement Therapy (“PERT”) intended for the treatment of patients with Exocrine Pancreatic Insufficiency (“EPI”), often seen in patients with cystic fibrosis and other conditions. The company licensed blisibimod from Amgen, Inc. (“Amgen”) in December 2007. Blisibimod targets B-cell activating factor, or BAFF, which has been shown to be elevated in a variety of B-cell mediated autoimmune diseases, including Immunoglobulin A nephropathy, or IgA nephropathy. Sollpura The exocrine pancreas is responsible for synthesis and secretion of digestive en...

AGEN: Agenus Inc Analysis and Research Report

2018-05-21 - Asif

Business Agenus is a clinical-stage immuno-oncology (“I-O”) company dedicated to becoming a leader in the discovery and development of innovative combination therapies and committed to bringing effective medicines to patients with cancer. The company's business is designed to drive success in I-O through speed, innovation, and effective combination therapies. Agenus has assembled fully integrated capabilities from novel target discovery, antibody generation, cell line development, and good manufacturing practice (“GMP”) manufacturing together with a comprehensive portfolio consisting of antibody-based therapeutics, adjuvants and cancer vaccine platforms. The company leverage its immune biology platforms to identify effective combination therapies for development and have developed productive partnerships to advance its innovation. The company believe the next generation of cancer treatment will build on clinically validated antibodies targeting CTLA-4 and PD-1 combined wi...

SQ: Square Analysis and Research Report

2018-05-21 - Asif

Business The company started Square in February 2009 to enable businesses (sellers) to accept card payments, an important capability that was previously inaccessible to many businesses. However, sellers also need innovative solutions to thrive, and Square has since expanded to provide additional products and services to give these businesses access to the same tools as large businesses. This approach aligns with its purpose of economic empowerment, as everything the company do should give sellers accessible, affordable tools to grow their businesses and participate in the economy. Square is a cohesive commerce ecosystem that helps its sellers start, run, and grow their businesses. The company combine sophisticated software with affordable hardware to enable sellers to turn mobile and computing devices into powerful payment and point-of-sale solutions. Square has high seller acceptance rates and fast onboarding, while maintaining low risk and fraud losses as a result of its a...

CUSIP: 81662J107