Singapore's Keppel Completes $3.34B Sale of Offshore Unit to Sembmarine

Jaskiran Singh
Tuesday, February 28, 2023
(Photo: Keppel Offshore & Marine)

Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. 

($1 = 1.3484 Singapore dollars) 

(Reuters - Reporting by Jaskiran Singh in Bengaluru; Editing by Savio D'Souza)


Categories: Offshore Energy Mergers & Acquisitions Industry News Activity Asia

Related Stories

Lamprell Extends Long-Term Offshore Contract with Aramco

Lamprell Extends Long-Term Offshore Contract with Aramco

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

COSCO Orders New Semi-Sub Vessel from Chinese Shipyards

COSCO Orders New Semi-Sub Vessel from Chinese Shipyards

Current News

US Halts Empire Wind Project

China's First Offshore Hydrogen-Ammonia-Methanol Platform Starts Operating

Gas Reserves Estimate Goes Up at Shell’s Selene Prospect in North Sea

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Subscribe for OE Digital E‑News

Offshore Engineer Magazine