SINGAPORE -- Singapore oil rig builders Keppel and Sembcorp Marine on Wednesday announced a deal to merge business units as global energy prices spike on the back of Russia's invasion of Ukraine.
Business deals
Temasek-backed rig builders to merge amid decarbonization trend
Keppel and Sembmarine deal expected to close by Q4
Keppel and Sembcorp Marine are listed on the Singapore Exchange and are among the world's largest builders of offshore oil rigs.
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