{
  "id": 16423241,
  "title": "From oil rigs to offshore wind: Singapore yards chase Europe’s energy-transition business",
  "url": "https://urgent.news/2026/10/25/from-oil-rigs-to-offshore-wind-singapore-yards-chase-europes-energy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-25T03:32:53.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-rigs-offshore-wind-singapore-yards-chase-europes-energy-transition-business"
  },
  "original_language": "en",
  "account": "A 30,000-tonne high-voltage direct current converter platform, constructed in Singapore, is set to be shipped to Europe for installation in an offshore wind farm. The shipyard is repurposing expertise gained from servicing the world's top offshore oil and gas companies for the energy transition. Specialised HVDC platforms, like the one being built, are crucial for transmitting offshore wind power over long distances with minimal energy loss. This technology is experiencing a resurgence as Europe pushes toward expanding offshore wind capacity. Seatrium, a Singapore-based firm, is playing a significant role in manufacturing these platforms, which have the capacity to handle up to 2 gigawatts (GW) of electricity each. The construction of such platforms takes approximately five years to complete, with a lifespan of 40 years. Despite global investment in offshore wind falling by 72% in the first half of 2026, Seatrium sees an opportunity to capitalize on the growing demand for this infrastructure in Europe, where costs are high and labour is expensive.",
  "summary": "Singapore is repurposing expertise built over decades serving the largest offshore oil and gas companies for the energy transition",
  "key_points": [
    "Singapore shipyard builds 30,000-tonne HVDC platform for Europe",
    "Seatrium manufactures 2 GW-capable platforms, 5-year construction",
    "Offshore wind demand rises in Europe despite investment decline"
  ],
  "editors_take": "Singaporean shipyards are leveraging their specialized offshore expertise to pivot from oil and gas toward the growing European demand for critical wind energy infrastructure.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}