Keppel and SembCorp Marine are merging to form the world's largest oil-rig builder

Keppel Corp. and Sembcorp Marine, both controlled by Singapore's state-linked investment firm Temasek, have agreed to merge to form the world's largest oil rig builder.

The deal was completed nearly a year after the Singapore-listed companies stated in June 2021 that they were discussing the prospect of merging their offshore and marine engineering (O&M) operations to take advantage of the shift to cleaner and renewable e....