Sembcorp Marine: Update on Extension of Time for Payment of Receivables from Borr Drilling

Sembcorp Marine Ltd (the “Company”) refers to its announcements dated 28 December 2021 and 18 August 2022 concerning its wholly-owned subsidiary, PPL Shipyard Pte Ltd (“PPLS”), reaching in-principle agreement with Borr Drilling Limited (“Borr Drilling”) to defer PPLS’ receivables from Borr Drilling from 2023 to 2025 (“Deferment”). The Company would like to update that PPLS... Continue Reading →

FPSO Anita Garibaldi heads for BRAZIL

(PN) Petrobras announced that the Modec FPSO Anita Garibaldi left the DSIC Marine Yard shipyard, in the city of Dalian, China, for the Jurong shipyard, in the city of Aracruz (ES). The FPSO will be installed in the Marlim and Voador fields, in the Campos Basin, with production start scheduled for the third quarter of... Continue Reading →

Atlantic Shores Picks Vestas as Preferred Turbine Supplier for U.S. Offshore Wind Project

U.S offshore wind developer Atlantic Shores Offshore Wind has selected wind turbine maker Vestas as the preferred supplier for its 1.5 GW offshore wind project in New Jersey, USA. Atlantic Shores is a 50:50 partnership between Shell New Energies and EDF Renewables. Vestas will provide its V236-15.0 MW offshore wind turbines, with installation expected in 2027. Once... Continue Reading →

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