Keppel buys US firm's offshore rig business for $100m

Keppel buys US firm's offshore rig business for $100m

Keppel rig off the Brazilian coast. Source: World Maritime News.

Singapore-listed Keppel Corporation Monday said its subsidiary –  Keppel Offshore & Marine USA, Inc – had reached a deal with Cameron International Corporation to acquire the latter’s LeTourneau rig design and rig kit business for $100 million in cash.

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