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Seatrium and bp sign MOU for Tiber FPU project in Gulf of Mexico
Engineering solutions provider Seatrium has entered into a memorandum of understanding (MOU) with BP Exploration & Production (bp) for the Tiber floating production unit (FPU) project, aimed at ...
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Seatrium and GE Vernova secure third contract for TenneT's 2-GW HVDC system
It is set to commence in June 2024, with commissioning expected by 2031. Seatrium Limited and GE Vernova Inc. have succesfully secured a third contract from TenneT TSO B.V. for the construction of ...
Business Insider29d
DBS Keeps Their Buy Rating on Seatrium Limited (SMBMF)
In a report released today, Pei Hwa Ho from DBS reiterated a Buy rating on Seatrium Limited (SMBMF – Research Report), with a price target of S$3.00. The company’s shares closed last Tuesday ...
Business Times1mon
Seatrium achieves first full-year profit with S$120.9 million H2 earnings
SEATRIUM swung into the black with a net profit of S$120.9 million for the second half ended Dec 31, from a net loss of S$1.8 billion in the same period a year earlier. Together with a H1 turnaround, ...
MarketWatch1mon
Seatrium Shares Rise on BP Agreement for Floating Production Unit
Seatrium's shares rose sharply after the Singapore shipyard group signed a preliminary agreement with British oil major BP for a second deepwater floating production unit project in the U.S. Gulf ...
Morningstar29d
Seatrium Earnings: Bottom Line Profitable After Six Years of Losses; Valuation Raised 10%
Seatrium recorded 2024 net profit of SGD 157 million after six years of losses. It has proposed a final dividend of SGD 0.015 per share, the first since 2017. Why it matters: While we are positive ...