Keppel and Sembcorp Marine in discussion for offshore and marine business merger

Offshore Energy Singapore’s conglomerate Keppel Corporation and Sembcorp Marine are reportedly planning to commence discussions to combine their offshore/marine(O&M) businesses. Reuters mentioned that a potential deal would bring together one of the world’s largest offshore oil rig builders with smaller rival Sembcorp, quoting sources familiar with the matter. A point of note is that both businesses were hit by years of oversupply in the sector an... Read More