Keppel O&M Says Pivot to Gas, Renewables Pays Off

Keppel Offshore & Marine, an offshore construction subsidiary of Singapore’s Keppel Corp, expects challenging conditions ahead due to the drop in oil prices but says its business diversification into gas and renewables has paid off.

The company has traditionally been called an “offshore rig builder” as this was the Keppel O&M’s core business in the heydays before the 2014-16 collapse in oil prices when oil fell from over $100 a barrel to below $30.

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