Advancing the Energy Transition
From offshore expertise to new energy solutions
Foundation & Vision
Founded by Hassan Basma with 42+ years offshore expertise, establishing operations across Ghana, Nigeria, and Singapore.
Offshore Excellence
Secured multiple EPICOM contracts including Jangkrik FPSO while expanding to 8+ countries and partnering with GE, Hitachi, and ABB.
Strategic Pivot
Achieved ISO certifications and maintained profitability through COVID-19 while pivoting strategically to renewable energy.
Energy Transition
Secured EMEM FPSO Nigeria contract and won historic 532 MW Anma OSS project while rebranding to HBA Future Energy.
Integrated Energy Solutions
Executing multiple EPICOM projects in the FPSO and offshore wind sectors, supported by a renewable pipeline exceeding 1 GW, aimed at driving exponential revenue growth.
From Vision to Reality
HBA Future Energy was established in 2015 by Hassan Basma and a team of industry veterans from Bumi Armada, one of the world’s leading FPSO contractors. Our founders brought together over 200 years of collective experience in offshore oil and gas, with a bold vision to apply this expertise to the renewable energy sector.
“We saw the future of energy lying not on land, but floating on our oceans”
Under the leadership of Hassan Basma — who previously transformed Bumi Armada from a Malaysian offshore support vessel company into a global top-5 FPSO player — HBA has emerged as the main FPSO service provider for the medium-sized converted or refurbished FPSOs and early production solutions and a pioneer in floating renewable energy solutions. The company is also developing over 1GW of renewable energy projects by 2030 and advancing new energy solutions, including green ammonia and the world’s first Floating Ammonia Production, Storage, and Offloading (FAPSO) unit.
Today, with operations across 8+ countries, we’re not just participating in the energy transition – we’re advancing it.
Our Leadership
Hassan Basma
Founder & Chief Executive Officer
Founder and CEO of HBA, Mr. Basma brings 42+ years in energy and offshore sectors. As CEO of Bumi Armada, he transformed it into a top-5 global FPSO player and led one of the year’s most successful IPOs. He also held senior roles at Kvaerner and SBM.
T Sutharshanom
Chief Financial Officer
Mr. Sutharshanom has 25+ years of experience in business and financial services across Singapore, Australia, India, Norway, and the UK.
KC Gupta
VP – Floating Production Solutions
Mr. Gupta has 40+ years in project management, engineering, construction, and sales of process equipment across upstream and downstream oil & gas. He is experienced in refineries, petrochemicals, fixed platforms, and floating facilities (FPSO/FSO).
