Keppel quits oil rig business as energy goes green – Nikkei Asia
Keppel quits oil rig business as energy goes green – Nikkei Asia
SINGAPORE – Keppel will stop building offshore oil rigs, abandoning what was once a core business as renewables gain momentum. The industry is facing “intense” headwinds from the “accelerated energy transition,” CEO Loh Chin Hua said in a recent webcast. The government-backed group will instead seek opportunities in offshore wind projects and floating infrastructure, including […]
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