Underpinned by higher oil prices, Singapore’s Keppel Corporation is seeing increasing confidence in offshore and marine business despite its own Offshore & Marine (O&M) division recording a loss and lower revenues in 1Q 2018.
According to financial statements for 1Q 2018 by Keppel Corporation on Thursday, the Offshore & Marine (O&M) division incurred a net loss of S$23 million for 1Q 2018, compared to breakeven for 1Q 2017, due mainly to share of associated companies’ losses in the current period.
Brazil Energy Insight 
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