Full-Time
Global offshore and marine engineering conglomerate
No salary listed
Houston, TX, USA
In Person
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Seatrium is a leading offshore and marine engineering group formed by the 2023 merger of Singaporean shipyards Sembcorp Marine and Keppel Offshore & Marine. It operates by delivering complex ship repair, construction, and engineering services for the offshore oil and gas industry, as well as expanding into offshore renewables and new energy solutions. The company’s products and services include designing, building, and maintaining large-scale offshore platforms, vessels, and related marine structures, supported by a global network of shipyards and engineering teams. The merger creates one of the world’s largest players in its sector, combining deep industrial experience with scale to better compete in global markets, improve project execution, and pursue growth in energy transition opportunities. The goal is to be a hub for marine innovation that serves clients across traditional offshore markets and emerging renewable energy projects.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Singapore, Singapore
Founded
1963
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Monday, 10 June 2024The project is expected to begin in June 2024, with commissioning expected by 2031. The contract is part of the five-year Framework Cooperation Agreement with TenneT announced by the GE Vernova-Seatrium consortium in March 2023. The agreement was signed to cover three projects, each valued at approximately EURO 2 billion: IJmuiden Ver Beta, IJmuiden Ver Gamma, and Nederwiek 2. The current contract is for Nederwiek 2, TenneT’s third project with this consortium. The contracts for IJmuiden Ver Beta and IJmuiden Ver Gamma were awarded to the consortium in March 2023.The HVDC system will support TenneT's sustainability goal of connecting 40 GW of offshore wind energy in the German and Dutch North Sea and will serve the Nederwiek 2 offshore wind farm, located approximately 95 kilometres off the coast of the Netherlands.“With the successful call-off of Nederwiek 2 from the Framework Cooperation Agreement with our Partners GE Vernova and Seatrium, we are now starting into the delivery of the third project with this consortium” said Dr. Johannes Kammer, Associate Director of Large Projects Offshore - 2GW, TenneT
The authorities in Singapore announced that they have completed their investigation into the alleged corruption and bribery offenses by the former Sembcorp Marine finding that there was sufficient evidence to mount a prosecution.
It brings the group’s total sustainable and green financing secured in the year to date to over $2 billion. Read more at straitstimes.com.
A former executive at Sembcorp Marine Integrated Yard Pte Ltd is facing corruption charges in Singapore.
OFFSHORE and marine engineering player Seatrium has secured a green trade finance facility with a banker’s guarantee from OCBC worth 720 million euros (S$1.1 billion) to finance its sustainability