WORLDKINGS - Worldkings News - Asia Records Institute (ASRI) Keppel Corporation: Company to own the world’s largest oil rig builder

14-11-2022

(WorldKings.org) Keppel Corporation (also known as Keppel Corp) is a Singaporean conglomerate headquartered in Keppel Bay Tower, HarbourFront.

The company consists of several affiliated businesses that specialise in offshore & marine, property, infrastructure and asset management businesses.

The company was founded in 1968 as Keppel Shipyard at the Keppel Harbour situated in Tanjong Pagar before moving its operations to Jurong, where the company focused on offshore and marine activities. Notable Keppel subsidiaries include Keppel Offshore & Marine (the world's largest oil rig builder) and Keppel Land (the world's 2nd most sustainable diversified real estate developer).

In 1968, Temasek Holdings founded Keppel Shipyard when Keppel Harbour was taken over by the British Royal Navy after it withdrew from the island. In 1999, Keppel Shipyard (now known as Keppel Offshore & Marine group) moved its operations base from Keppel Harbour to Jurong to expand Keppel Corporation's offshore and marine operations in yards around Tuas, Gul and Benoi, which were close to one another and also to develop the land which Keppel Harbour was situated on into waterfront residential area.

In 2022, A unit of conglomerate Keppel Corp. and Sembcorp Marine—both controlled by Singapore state-linked investment firm Temasek—have agreed to merge to create the world’s largest builder of oil rigs. Keppel and Sembcorp Marine’s O&M businesses have been hard hit by the drastic reduction in oil and gas exploration activities in recent years as energy companies pivot towards the production of cleaner and renewable energy. With the merger, the combined entity will seek opportunities in renewable energy.

According to wikipedia


Brian (Collect & Edit) - WORLDKINGS (Source of photos : internet )

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