SBI Offshore terminates $24m rig design and engineering contract

Singapore’s SBI Offshore has annulled a $24m design and engineering contract with a consortium of six Middle East-Chinese parties over the construction of five jack-up drilling rigs. ...

SBI Offshore diversifies into solar energy as offshore downturn hits

Singapore-listed SBI Offshore has diversified into the renewable energy sector through a joint venture with a German solar energy specialist, in view of the downturn in the offshore marine sector. ...