{"id":51907,"date":"2024-11-19T21:29:22","date_gmt":"2024-11-19T18:29:22","guid":{"rendered":"https:\/\/www.al-sindbad.net\/keppel-takes-control-of-13-legacy-rigs-amid-hot-offshore-market-conditions\/51907\/"},"modified":"2024-11-19T21:29:22","modified_gmt":"2024-11-19T18:29:22","slug":"keppel-takes-control-of-13-legacy-rigs-amid-hot-offshore-market-conditions","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/keppel-takes-control-of-13-legacy-rigs-amid-hot-offshore-market-conditions\/51907\/","title":{"rendered":"Keppel takes control of 13 legacy rigs amid hot offshore market conditions"},"content":{"rendered":"<p><\/p>\n<p>Singapore conglomerate Keppel has taken control of the 13 legacy rigs held by Rigco Holding at a time of improved conditions in the offshore rig market. Keppel currently holds a 10% equity stake in Rigco, S$139m ($103.8m) in perpetual securities and approximately S$4.3bn ($3.2bn) in vendor notes. Rigco will undertake a selective capital reduction exercise, &#8230;<\/p>\n<\/p>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore conglomerate Keppel has taken control of the 13 legacy rigs held by Rigco Holding at a time of improved conditions in the offshore rig market. Keppel currently holds a 10% equity stake in Rigco, S$139m ($103.8m) in perpetual securities and approximately S$4.3bn ($3.2bn) in vendor notes. Rigco will undertake a selective capital reduction exercise, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":51908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[6714,1815,12466,2122,8780,1083,1131,4412,142,2465],"class_list":["post-51907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-port-news","tag-conditions","tag-control","tag-hot","tag-keppel","tag-legacy","tag-market","tag-offshore","tag-rigs","tag-singapore","tag-takes"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/51907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=51907"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/51907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/51908"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=51907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=51907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=51907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}