Seadrill

SINGAPORE (Nov 16): CIMB is maintaining its “reduce” call on Mermaid Maritime with a target price of 14 cents, as the group’s 3Q17 results were largely below expectations.

SINGAPORE (Sept 14): Mermaid Maritime announced Thursday that it has won a long-term submarine cable survey contract in the Middle East worth an estimated US$7 million ($9.4 million). Scheduled to start in 3Q 2017, the work involves the use of a Mermai

SINGAPORE (Sept 14): CIMB Research is maintaining its “neutral” call on the local offshore & marine (O&M) sector after Seadrill filed for Chapter 11 restructuring in the US.

SINGAPORE (April 10): An acquisition of the US$568-million ($799-million) West Rigel rig by Transocean will be a huge positive given that the latter is jointly owned by Sembcorp Marine and North Atlantic Drilling (NADL) which is facing bankruptcy risk.

SINGAPORE (Dec 29): Mermaid Maritime announced that its associate Asia Offshore Drilling (AOD) has secured a three-year contract extension for its AOD III jackup rig.