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Friday, 21 October 2011

Nuclear concerns boost Keppel projections

In a statement, company chief executive Choo Chiau Beng said concerns over nuclear energy in Japan and Germany would help push up global demand for oil and gas.

The company also expected to get a "fair share" of an order from Brazilian state oil company Petrobras, which recently announced a tender for 21 drilling rigs.

"Drilling in the North Sea has been revitalised by new major oil finds, and the Gulf of Mexico is returning gradually to normalcy with the issue of permits," Choo said.

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