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Keppel’s Exit Of Rig Business May Have Bigger Implications For Singapore’s Offshore And Marine Sector On Jan 28, the world’s largest rig-builder, Singapore-based Keppel Corporation surprised industry players and observers when it announced exiting away from its rig business to pivot to clean energy. As a result of a long-awaited strategic review, Keppel’s chief executive Loh Chin Hua revealed in the group’s results briefing on Jan 28 that the group will transform its offshore and marine (O&M) unit into “a nimble, asset-light and people-light Operating Company (Op Co)”. However, ...

Commentary: Keppel’s exit of rig business may have bigger implications for Singapore's offshore and marine sector Toggle share menu Advertisement Commentary: Keppel’s exit of rig business may have bigger implications for Singapore's offshore and marine sector Advertisement Commentary Commentary Commentary: Keppel’s exit of rig business may have bigger implications for Singapore's offshore and marine sector The world’s largest rig-builder’s decision shouldn’t come as a surprise though, says Davi...