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Business Times
6 days ago
- Business
- Business Times
Seatrium posts S$21.3 billion Q1 net orders
[SINGAPORE] Seatrium recorded net order book wins amounting to S$21.3 billion as at end-March, comprising 26 projects with delivery dates till 2031. Of these, nine are scheduled for delivery in 2025, and they have a contract value of S$387 million, the offshore and marine specialist said on Thursday (May 29) in its Q1 business update. Projects relating to renewables and green or cleaner solutions had a contract value of S$7.1 billion, it said. During the quarter, the company completed 45 vessel repairs and upgrades. These included two carbon capture and storage retrofits and projects for six cruise ships, two liquefied natural gas carriers and three offshore vessels. It also delivered a floating production storage and offloading (FPSO) project to SBM Offshore, after providing topsides fabrication, installation and integration works as well as pre-commissioning and commissioning support. Stable O&G order outlook Seatrium's order pipeline for oil and gas projects was stable for the quarter, driven by an increased focus on energy security and strong energy demand. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Works for several of FPSO projects are in progress, with topside fabrication and integration works underway for two FPSOs bound for Guyana. Commissioning works are in progress for the first of six newbuild FPSOs for Brazilian state-run oil company Petrobras, which is set to depart for Brazil in 2025. The group has also commenced integration work for another Petrobras order. It signed a memorandum of understanding with BP Exploration & Production – a subsidiary of BP – for a deepwater floating production unit (FPU) in the Gulf of Mexico, extending its collaboration with BP on an earlier FPU project. Seatrium also secured a contract to supply equipment and a licence to build a jack-up rig in the Middle East and North Africa region. Opportunities in Apac, Europe offshore wind Seatrium has a 'healthy pipeline' of renewable energy projects, said the company's chief executive Chris Ong in a call with analysts on Thursday morning. This comes even amid macro uncertainties and US President Donald Trump's backlash against clean energy. The company has commissioning works underway for substations of the US offshore wind farm Revolution Wind, with a unit slated to be completed by June 2025. Asked about his outlook for offshore renewable energy, Ong said: 'I don't think that there will be much investment happening in the US market.' But he is optimistic about the outlook for offshore renewables in Europe, where the 'energy ambition is quite heightened' amid concerns about energy security. Ong cited how several tenders are still expected to run in Germany. Asia-Pacific also presents opportunities. In January, Seatrium won a contract for engineering, procurement and construction works on a 5,000 tonne heavy lift vessel for Penta-Ocean Construction, marking its maiden entry into the Japanese offshore wind market. On the repairs and upgrades front, the group recently secured a floating storage regasification unit conversion contract from Norwegian floating energy infrastructure provider Hoegh Evi. Engineering works for the project will begin soon, and will last for about 18 months. Overall, Ong is optimistic about the company's trajectory, with its 'ongoing journey' in cost optimisation. He expects gross margins to improve 'in the right direction'. Asked whether macro uncertainty has made customers push back on pricing, he said: 'We are always under price pressure, but so far, I think that the customers understand the value Seatrium brings to the table.' The counter ended Wednesday 0.5 per cent or S$0.01 higher at S$2.06.
Time of India
27-05-2025
- Business
- Time of India
Russia's floating nuclear power plant generates over 1 billion kWh in five years, set to replace Bilibino NPP by 2026
New Delhi: Russia's floating nuclear power plant (FNPP) located in the Pevek region of the Chukotka Autonomous District has generated more than 1 billion kilowatt-hours (kWh) of electricity since its commissioning in May 2020, and currently accounts for over 60 per cent of the total energy production in the Chaun-Bilibino energy hub. The FNPP supplies power to an energy-isolated region comprising western Chukotka and the village of Chersky in Yakutia. The facility will become the main supplier of heat and electricity for the region following the scheduled decommissioning of the Bilibino Nuclear Power Plant at the end of 2025. Powered by two KLT-40S reactor units, similar to those used in nuclear icebreakers, the FNPP has demonstrated an annual increase in output. The first full core refueling on the starboard-side reactor was completed in 2023, followed by the port-side reactor in 2024. Unlike traditional land-based nuclear plants which undergo partial refueling every 12–18 months, the FNPP replaces all spent fuel at once every few years. Chief Engineer of the FNPP, Andrey Zaslavsky, said, 'FNPP is a symbol of Russia's leadership in advanced technological solutions — bringing power and heat to areas where other sources are either inaccessible or economically impractical. Over the past five years, we've successfully operated in the extreme conditions of the Far North, performing unique maintenance at our mooring site and steadily increasing energy production.' He added, 'Starting in 2026, after the Bilibino plant shuts down, FNPP will become the main supplier of heat and electricity for enterprises across western Chukotka.' The Akademik Lomonosov floating power unit (FPU), which houses the twin KLT-40S reactors, delivers 70 megawatts (MW) of electricity and 50 gigacalories per hour (Gcal/h) of heat. In addition to generating electricity, the FNPP supplies heat to the town of Pevek. The facility is operated by Rosatom's Electric Power Division, which oversees 11 nuclear power plants with 35 power units across Russia, having a combined capacity of 28.5 gigawatts (GW). The division currently accounts for nearly 19 per cent of Russia's electricity generation. The FNPP is part of a strategic initiative to explore small modular nuclear power plants (SNPPs) for deployment in hard-to-reach and Arctic regions as well as industrial clusters with stable power demand. The development of the FNPP also supports regional social initiatives, including support to schools, healthcare institutions, cultural programmes, and environmental projects. According to Rosatom, this initiative forms part of the Russian government's broader national development agenda, in coordination with regional authorities and domestic enterprises, focusing on infrastructure, healthcare, and housing.
Yahoo
22-05-2025
- Yahoo
Pantex completes first B61-13 nuclear bomb unit after B61-12 finale
Just four months after finalizing production on the B61-12, the Pantex Plant has completed the first production unit (FPU) of the B61-13 nuclear gravity bomb, the National Nuclear Security Administration (NNSA) announced this week. The milestone, achieved in partnership with PanTeXas Deterrence LLC, marks the latest advance in the United States' nuclear modernization efforts. "In this geopolitical environment, the Nuclear Security Enterprise performs work that saves the world every day,' said Jason Armstrong, manager of the NNSA's Pantex Field Office. 'Through meticulous planning, strong partnerships, and exceptional execution, Pantex and the rest of the enterprise continue to fulfill our mission of protecting America and its allies to help ensure global security.' The B61 nuclear bomb has been in service since 1968. Over the past decade, it underwent an extensive Life Extension Program (LEP) to replace aging components and extend its service life by at least 20 years. That effort culminated in the B61-12, the largest weapons modification ever executed by the Nuclear Security Enterprise (NSE). Now, the B61-13 builds on that groundwork with updated features and streamlined production processes. 'The FPU is just the start,' said Kelly Beierschmitt, president and general manager of Pantex. 'With every unit comes progress and an enhanced ability for the NSE to deliver if or when the need arises. We do this work to protect our nation, our families, and our communities.' According to Pantex Program Manager Taylor Massey, the B61-13 was developed using a phased approach, allowing engineers to move quickly from design to testing and assembly by leveraging the established design of the B61-12. 'Modernization programs typically follow a detailed product realization process,' Massey said. 'We tailored our approach to accelerate readiness, developing procedures, tooling and testers that allowed us to produce an FPU within a year.' Six NNSA sites contributed to the development and production of the B61-13: Sandia National Laboratories, Los Alamos National Laboratory, Kansas City National Security Campus, Y-12 National Security Complex, Savannah River Site, and Pantex. The program reached full authorization in March and is scheduled to enter full-scale production this summer, with completion targeted for fiscal year 2027. 'There are over 200 parts involved in a single unit of the B61-13,' said Mickey Brown, B61 technical lead at Pantex. 'Almost all of those parts are produced by external partners within the NSE, then shipped to us for final assembly.' Massey added that the team's ability to meet aggressive timelines underscores Pantex's capacity for agility and performance. 'Following NNSA guidance to be more agile and flexible has shown we can meet designated production targets,' he said. 'That flexibility extends across everything from engineering and safety evaluations to the technicians on the floor meeting demanding schedules.' This achievement, Massey said, demonstrates that Pantex remains at the forefront of the nation's nuclear production efforts, driven by a skilled and collaborative workforce dedicated to national defense. This article originally appeared on Amarillo Globe-News: Pantex finishes first B61-13 nuclear gravity bomb, begins new production phase
Time of India
15-05-2025
- Politics
- Time of India
India makes significant pledges at UN peacekeeping Ministerial in Berlin
India , which is among the largest troop contributing countries to UN peacekeeping, has made key pledges at a peacekeeping ministerial meeting, including a quick reaction force company and one women-led formed police unit (FPU). India pledged a Quick Reaction Force company, an armed police or mixed armed police unit, one women-led Formed Police Unit and a counter-improvised explosive devices/ explosive ordnance disposal unit as well as a K-9 unit and a SWAT police unit, the UN Department of Peace Operations said in a post on X. "Thank you India for your support", UN peacekeeping said. The United Nations peacekeeping ministerial 2025 concluded in Berlin, Germany Wednesday. More than 130 member states and international partners - over a thousand participants in total - came together to reaffirm their support for UN peacekeeping and to announce concrete pledges aimed at enhancing the effectiveness and adaptability of peace operations in the face of evolving global challenges. A total of 74 member states made pledges. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Indonesia (Prices May Surprise You) Container House | Search Ads Search Now Undo "In troubled spots around the world, Blue Helmets can mean the difference between life and death. Now more than ever, the world needs the United Nations. And the United Nations needs peacekeeping that is fully equipped for today's realities and tomorrow's challenges," United Nations Secretary-General Antonio Guterres said in his opening remarks at the ministerial meeting on 'Future of Peacekeeping'. Guterres said that the international community owes it to peacekeepers - and the populations they protect - to continue strengthening their ability to answer the call to peace and to do so in the face of daunting challenges, such as complex, intertwined and frequently borderless conflicts; growing polarisation and division around the globe; terrorism and transnational crime, which find fertile ground in instability and the ongoing climate crisis that is exacerbating conflict while leaving more of the planet uninhabitable. Live Events Guterres underscored the need for shaping peacekeeping operations that are fit for the future and making peacekeeping operations more adaptable and flexible. Hosted by the Government of Germany, the two-day high-level meeting marked a significant milestone in the ongoing efforts to strengthen Member State support and help shape the future of UN peacekeeping. The Ministerial focused on the Future of Peacekeeping, reflecting the need for innovative approaches to address complex conflicts, leverage emerging technologies, and address threats such as mis- and disinformation, a press release by UN Peacekeeping said. Guterres welcomed member states' political statements of support for peacekeeping as well as their pledges of military and police capabilities, new partnerships and technological support. "This meeting is also about something more fundamental: the future of peacekeeping itself," Guterres added. German minister of Foreign Affairs Johann Wadephul said in the statement released by UN Peacekeeping that "in an interconnected world, no nation can achieve peace and security for its citizens on its own. "We all agree that setting up strong and effective peacekeeping missions is our joint responsibility. We want to tailor future missions to the exact needs of the host countries and increase their acceptance and effectiveness. This is the way forward in a world in which peacekeeping is more important now than ever before, but where the challenges are greater than at any time in the past," he said. Key outcomes of the peacekeeping ministerial included 53 member states pledging uniformed capabilities, including 88 military and police units, as well as various critical capabilities, airlift, individual experts, staff officers and individual police officers. Fifty-nine member states pledged specialised training on critical issues such as peacekeeping-intelligence, protection of civilians, gender and the prevention of sexual exploitation and abuse; 18 member states made pledges related to technological advancements and data-driven approaches to improve mission effectiveness. Thirty-eight member states made pledges to further implement the Women, Peace and Security agenda, including gender-responsive peacekeeping and women in peacekeeping. Sixteen member states pledged capabilities and projects to enhance the safety and security of peacekeepers. Eleven member states made pledges related to the conduct and accountability of peacekeepers and UN peacekeeping's fight against sexual exploitation and abuse. "This response includes targeted contributions to the Trust Fund for victims and eight member states made pledges to support the UN's strategic communications efforts and contribute resources to strengthen information integrity. India ranks among the top contributors to UN peacekeeping missions with 5,384 personnel, including 153 women, across 10 missions as of September 2024. Nearly 180 Indian peacekeepers have been killed in action, the highest number by far from any troop-contributing country. India deployed the first all-female FPU to Liberia in 2007. The Berlin Ministerial is part of a series of high-level meetings aimed at galvanising political support and generating tangible commitments to improve UN peacekeeping. It follows previous Ministerial meetings held in Accra (2023), Seoul (2021), New York (2019) Vancouver (2017) and London (2016). The 2025 Ministerial also coincides with the 80th anniversary of the UN and the 10-year anniversary of the Leaders' Summit on Peacekeeping.
Yahoo
14-05-2025
- Business
- Yahoo
McDermott completes Scarborough FPU floatover for Woodside Energy
McDermott has completed the Scarborough floating production unit (FPU) floatover project for Woodside Energy. This milestone encompasses the fabrication, construction and offshore installation of the FPU topside and hull structures. The contract, awarded in 2021, extended McDermott's involvement with the Scarborough Energy Project following the front-end engineering design (FEED) of the FPU. The project's scope includes comprehensive engineering, procurement, construction, installation and commissioning services. McDermott has undertaken the design, fabrication, integration, transportation and installation of the FPU, which features a topside of approximately 30,000 tonnes (t) and a 37,000t hull structure. The company said this FPU is not only the largest that McDermott has ever designed and constructed but also ranks among the most significant semi-submersible production platforms in offshore history. The topsides were fabricated at McDermott's joint venture yard, Qingdao McDermott Wuchuan, in Qingdao, China. Concurrently, the hull was constructed by COSCO at its Qidong shipyard. The topsides boast six deck levels and are equipped with 169 core equipment units including three gas turbine-driven export gas compressors and three main generators with waste heat recovery systems. The facility also includes more than 50,000m of piping, one million metres of cabling, 568 integrated subsystems and a battery energy storage system to support emissions reduction efforts. Earlier this month, the topsides and hull were transported offshore and the topsides were installed onto the hull via a floatover operation off the coast of Dalian, China. Post-floatover, the FPU reached CIMC's Raffles yard in Yantai, China, for the final integration works. The next phase will see the FPU sail to Western Australia to be moored at the Scarborough gas field roughly 375km offshore from the Burrup Peninsula. Additionally, McDermott has also secured an enterprise framework agreement (EFA) with Shell Global Solutions International. Spanning an initial three years with options for two additional one-year extensions, the EFA encompasses engineering and procurement services across McDermott's Low Carbon Solutions, Offshore Middle East, and Subsea and Floating Facilities divisions. "McDermott completes Scarborough FPU floatover for Woodside Energy" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
