SEA Deal Ticker
Offshore rigs are turning into a fund product: Apollo puts $1.5B into Keppel's offshore energy vehicle
Apollo-managed funds anchor the S$3.7 billion programme. Keppel divests six operational rigs in 2026 for S$1.2 billion and four more through 2028, lifting funds under management by S$3.9 billion.
Positive-sum angle: Yards that once tied up capital in idle rigs can recycle it into new orders, while global energy investors gain a Singapore-domiciled route into Asian offshore capacity.