Dr Lee’s reign as Keppel non-executive chairman overlapped with several Keppel O&M transactions in Brazil that were subject to a cross-border anti-corruption probe

Settlement comes as SHI is now gearing up to compete for a multi-billion-dollar contract to build two floating production storage and offloading units for Petrobras

Most banks exposed to Swiber may have written off their debts to the firm by now and are inclined to support any investment deal that can minimise their losses  

Clients have not cancelled any projects on Sembmarine’s orderbook, which has diversified beyond projects in the offshore oil and gas sector, says the shipyard group’s chief executive

Oil and gas workers will also benefit from the expected growth in offshore wind employment globally, as they share some skillsets and essential offshore knowledge. This should help to cushion some of the blow from the declining sector as the global energy transformation and shift towards decarbonisation plays out over the next few decades

Offshore wind projects are yielding better margins than those in the oil and gas sector, says Kim Heng executive chairman