Sembcorp Marine’s wholly-owned Jurong Shipyard has clinched a $696m contract to convert a shuttle tanker into a FPSO vessel for OOGTK Libra GmbH & Co KG, a joint venture between Brazil’s Odebrecht Oil & Gas and Teekay Offshore.

Sembcorp Marine’s wholly-owned Jurong Shipyard has entered into an agreement with SSP Offshore to acquire all its business assets for $21m.

Singapore’s Sembcorp Marine posted a slight improvement in its second quarter results as revenue rose on contributions from rig and platform building jobs.

Sembcorp Marine’s Sembawang Shipyard has clinched a SGD600m ($475m) contract from France’s Saipem for the conversion of two FPSOs for the Kaombo Project in offshore Angola.

Sembcorp Marine is to relocate all its Singapore shipyards to its new integrated mega-yard by 2024, Singapore Prime Minister Lee Hsien Loong revealed at the official opening on Wednesday.

Sembcorp Marine (Sembmarine) made a $130m profit in the third quarter of 2013, a 12% increase on 2012’s $116m.

Mexico’s Integradora de Servicios Petroleros Oro Negro has added two more jack-up rig orders at Sembcorp Marine’s PPL Shipyard.