Seatrium secures prized FPSO fabrication contract from Japanese giant - Upstream Online
Seatrium secures prized FPSO fabrication contract from Japanese giant | Upstream Online
Singapore’s Seatrium has secured a key contract from Japanese floater giant Modec for carrying out fabrication work on topside modules for a floating production storage and offloading vessel destined for the Raia project in Brazil, operated by Equinor.
Seatrium confirmed the award on Monday and said the award has been won by BrasFELS Shipyard, a member of the Seatrium group, from Offshore Frontier Solutions, a Modec group company.
Related Knowledge Center: ENERGY BASICS: nuclear
Nuclear energy provides almost 20 percent of the U.S. electricity supply. Advocates have called for an expanded role for nuclear as an emissions-free fuel source. But the economics of building new reactors are daunting. In addition, lingering safety concerns are an institutionalized part of the calculation of nuclear regulation, and highly radioactive nuclear waste remains a can that public officials have been inclined to kick down the road. The Energy Information Administration projects a sharp decline in nuclear power generation over the next decade, as new nuclear plants — two are planned — are more than offset by anticipated retirements of several operating reactors.