
Singapore-based Keppel has set up a new private fund to which it will divest ten legacy rigs, as part of its announced monetization, with Apollo Global Management to invest $1.5 billion in the fund. Through its indirect subsidiary, Rigco Holding (RigCo), Keppel will divest six operational rigs this

Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH) has secured a long-term diving services contract in the Arabian Gulf with an undisclosed client. The company’s diving support vessel (DSV) POSH Mallard will be deployed for the work that includes comprehensive satur