(The Straits Times)
Keppel Corp said on Thursday (Jan 28) that its struggling offshore and marine (O&M) segment will exit the rig-building business and shift its focus to infrastructure projects, including renewable energy.
The O&M business will focus on design, engineering and procurement. It will have a “significantly reduced headcount” and its network of yards will be repurposed or divested, Keppel said.
