Shell has signed a Letter of Intent (LoI) with Sembcorp Marine (Sembmarine) for the construction for the hull, topside and integration for an FPU.

Sembcorp Marine’s wholly-owned PPL Shipyard has terminated three contracts with Integradora de Servicios Petroleros Oro Negro, SAPI de CV and its subsidiary Oro Negro Vastus for three jack-up rigs.

Sembcorp Marine’s Jurong Shipyard and North Atlantic Drilling Ltd (NADL) have agreed to further delay the delivery of a semi-submersible drilling rig by another six months to 6 January 2018 from 6 July 2017.

Sembcorp Marine (Sembmarine) is set to close down two of its existing yards this year as it opens phase two of its integrated mega-yard.

Singapore’s Sembcorp Marine has entered into a sale and purchase agreement with China Ocean Shipping (Group) Company (Cosco) to dispose of its 30% equity stake in Cosco Shipyard Group (CSG), valued at RMB1.06bn ($154.66m).

Sembcorp Marine is spending around $115.06m to acquire a remaining 15% stake it did not own in PPL Shipyard (PPLS), putting an end to a bitter partnership that arose from this stake.

Singapore’s Sembcorp Marine has made a move to takeover a Bergen-based naval artchitecture and ship design and engineering firm LMG Marin for $20m.

Singapore’s Sembcorp Marine saw its first half profit chopped on lower contributions from rigbuilding projects, and maintained that provisions made last year for the stalled Sete Brasil contracts remained sufficient.

A world’s largest jack-up rig boasting a maximum drilling depth capacity of 10,000 metres has been delivered to Noble Corporation over the weekend, from Singapore’s Sembcorp Marine.

Singapore’s Sembcorp Marine has acquired a 50% stake in Kanfa Aragon from Sevan Marine at a price of NOK20m ($2.4m).