Singapore

CONGLOMERATE Keppel Corp will shift the focus for its offshore business to areas beyond drilling as rig orders dry up, it said on Thursday after the group reported a rise in first-quarter net profit.

A couple of customers have asked to defer rig deliveries and KepCorp is also considering slowing down rig construction for its major customer Sete Brasil until Sete can secure long-term financing for its projects, it added.