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Keppel to end oil and gas rig building, turns focus to renewables 1/29/2021 Keppel O&M shipyard Keppel Corporation announced that amidst the global energy transition and major disruptions facing the oil industry, the Company will carry out a comprehensive transformation of its wholly-owned subsidiary, Keppel Offshore & Marine (Keppel O&M), to better align it to Keppel’s Vision 2030. This is part of Keppel’s strategic review of its offshore and marine (O&M) business, with the goal of creating a slimmer, and more competitive Keppel O&M that is well-plac...

Keppel positions for global energy transition, announces bold transformation of offshore & marine business Keppel Corporation (Keppel) announced today that amidst the global energy transition and major disruptions facing the oil industry, the Company will carry out a comprehensive transformation of its wholly-owned subsidiary, Keppel Offshore & Marine (Keppel O&M), to better align it to Keppel’s Vision 2030. This is part of Keppel’s strategic review of its offshore and marine (O&M) business, with the goal of creating a slimmer, and more competitive Keppel O&M that is well-placed to suppor...

Keppel to exit offshore rig building to position for energy transition A Keppel shipyard; Source: Keppel Singapore’s conglomerate Keppel Corporation has revealed that its struggling Keppel Offshore & Marine unit will exit the offshore rig building business as the company positions for the global energy transition. Keppel started a review of its offshore & marine business as part of its overall strategy and roadmap amid the sector’s challenging environment back in late September 2020. Related Article Posted: 5 months ago In an update on Thursday, the company announced that, amidst...