Keppel Corporation Limited (SGX: BN4) is going through a tumultuous period. That might be an understatement. It’s been two months since Temasek Holdings announced that it will not proceed with its partial offer for the blue-chip conglomerate. This stunning announcement came after Keppel released its first half 2020 earnings, in which it recorded a net loss of S$537 million due to impairments made for its offshore and marine division. There is little doubt that the oil price crash in March has impacted the fortunes of companies within this cyclical sector. As a result of the weaker earnings and bleak prospects, the group slashed its interim dividend from S$0.08 a year ago to just S$0.03. While the outlook may seem bleak for the oil and gas giant, it recently announced a strategic review of its offshore and marine (O&M) business with plans to unlock value for shareholders. This action has been a long time coming....