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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...

Keppel Corporation announced that its wholly owned subsidiary Keppel Offshore & Marine will exit the offshore rig building business. Keppel Corporation announced Thursday that its wholly owned subsidiary Keppel Offshore & Marine will exit the offshore rig building business. The development, which will occur after the company completes existing rigs under construction, is being undertaken amid the global energy transition and major disruptions facing the oil industry, Keppel Corporation noted. As part of the transformation, Keppel Offshore & Marine’s business will be restructured into three ...

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...