Singapore’s leading contractor Seatrium and its top executives have appeared in court on charges of violating workplace safety regulations following a fatal incident at a shipyard in 2022. The company maintains that safety remains a top priority and has pledged to keep shareholders informed about further developments.
Three Seatrium production sites in Brazil have given the company a competitive edge in securing Petrobras contracts for FPSO construction, despite changes in procurement models. Seatrium is adapting to new market conditions by collaborating with partners and focusing on high-quality project execution and sustainable financial results.
Keppel has begun preparing unfinished drilling rigs for operation in order to take advantage of rising demand and improving market conditions. The company is also evaluating the prospects for further commercialization of these assets.