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

Jaskiran Singh
Tuesday, February 28, 2023

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

Borr Drilling's Mexican JV Expands Fleet with Five Jack-Ups

ABL Gets Papua New Guinea FSO Job

Oil Rises on Dual Shipping Threat in Hormuz and Red Sea

James Fisher, Aquaterra Launch Global Decommissioning Partnership

Oil Jumps 3% on Renewed US-Iran Conflict

EnQuest Clears Key Hurdle for $833M Malaysia Offshore Deal

ADNOC, XRG and Mitsui Broaden Energy Cooperation

MODEC Advances Construction of Brazil-Bound Gato do Mato FPSO

Oman Opens Alternative Hormuz Lanes as Shipping Recovery Continues

IEA Expects Gradual Hormuz Recovery, Oversupplied Market in 2027

Current News

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

Mermaid Maritime Expands Into US Offshore Market

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Fugro Secures India Deepwater Drilling ROV Contract

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com