Companies

Keppel quits oil rig business as energy goes green

Singapore group shifts focus to offshore wind projects and floating infrastructure

20210129N oil rig (REUTERS)

Rig construction has slowed since around 2015 for Keppel. © Reuters

MAYUKO TANI, Nikkei staff writer
January 30, 2021 04:40 JST

SINGAPORE -- Keppel will stop building offshore oil-drilling platforms, exiting what was once a core business as renewable energy gains momentum.

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