Keppel to Add 1,800 Offshore, Marine Staff

April 18, 2019

Keppel rig operations (CREDIT: PEMA)
Keppel rig operations (CREDIT: PEMA)

Singapore conglomerate Keppel Corp is planning to add 1,800 staff this year at its offshore and marine business, the first time the company is hiring for the division after cutting thousands of jobs since 2015.

The slump in oil prices in 2014 and a global oversupply of drilling rigs had hit orders at the company's O&M division, but demand is slowly returning.

"With the expected increase in work flow as well as preparing for the upturn we would be looking to add to our (O&M) workforce this year," Keppel CEO Loh Chin Hua said at the company's results briefing. "And this would be the first time we are doing it since when we started rightsizing in early 2015," the CEO said.

Keppel said it planned to recruit about 1,800 full-time staff over the course of 2019, representing a 17 percent increase in the division's workforce.

Keppel, whose businesses range from rig-building to property development, cut back its global direct workforce in the division by about 25,400, or 70.1 percent, since the start of 2015 to 10,843 currently, according to the company.

Keppel reported a 40 percent fall in its first quarter net profit, mainly due to smaller property divestment gains versus the year-ago period.


($1 = 1.3549 Singapore dollars)

(Reporting by Aradhana Aravindan. Editing by Jane Merriman)



Current News

TechnipFMC Bags Seagull iEPCI Award

TechnipFMC Bags Seagull iEPCI Award

Pacific Drilling Taps Harris as CFO

Pacific Drilling Taps Harris as CFO

Eastern Med Heats Up

Eastern Med Heats Up

OGA Revises Stewardship Expectations

OGA Revises Stewardship Expectations

Emerson Enables Automation at Shah Deniz 2

Emerson Enables Automation at Shah Deniz 2

Saipem Tallies $160 Mln Drilling Contracts

Saipem Tallies $160 Mln Drilling Contracts

Halliburton Profit Beats Estimates

Halliburton Profit Beats Estimates

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week