SINGAPORE -- Keppel wants to merge its offshore rig unit with local competitor Sembcorp Marine, the Singaporean group said Thursday, pursuing a major consolidation in a sector that has faced headwinds due to the global shift from oil and gas to cleaner energy.
Energy
Singapore's Keppel talks merger of offshore unit with Sembcorp Marine
Oil and gas rig builders seek deal in 2022 amid growing pressure to restructure
Singapore's Keppel is one of the world's top builders of offshore rigs. © Reuters
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