SBM Offshore's main Brazilian subsidiary has received written notification from Petrobras of its ability to participate in the recently issued Libra and Sépia FPSO tenders in Brazil. This follows a thorough review of the group’s compliance standards by Petrobras…
SBM Offshore has divested a 45% stake in the FPSO Turritella to Mitsubishi Corp. (MC) and Nippon Yusen Kabushiki Kaisha (NYK Line). MC purchased 30% stake and NYK Line purchased 15% stake in the joint venture companies incorporated for the purpose of owning and operating the vessel…
SBM Offshore CEO Bruno Chabas has said the firm is well positioned to weather the current down-turn in oil prices thanks to 90% of its backlog consisting of lease and operate income with dayrates not dependent on oil prices or production levels…
Floating production and mooring specialists SBM Offshore is cutting 1200 jobs and relocating its headquarters from Monaco to Amsterdam, the firm announced this morning. SBM said: 'In light of market conditions and in order to optimize the company's cost base…
SBM Offshore is selling its DSCV SBM Installer, a diving support and construction vessel (DSCV) to joint venture OS Installer AS for US$150 million in cash. The SBM Installer. From SBM Offshore. Both…
Noble Energy awarded Dutch services provider SBM Offshore a contract for the Big Bend and Dantzler fields in the Gulf of Mexico. Thunder Hawk from SBM Offshore The two companies signed a…
EnergyMakers' Russ Capper interviews SBM Offshore's Group Technology Director Michael Wyllie about the company's very high pressure (VHP) fluid swivel technology. The swivel earned SBM Offshore a Spotlight award at the 2014 Offshore Technology Conference in Houston…
SBM Offshore was contracted by Shell to supply an FPSO for the Stones development project in the Gulf of Mexico. The contract, valued at about US $1 billion, includes an initial period of 10 years with future extension options up to 20 years…
Ivanhoe Energy and SBM Offshore formed a global strategic alliance to create floating, production, upgrading, storage and offloading vessels (FPUSO). The design, the companies say, will economically produce and upgrade heavy oil from…
SBM Offshore is pleased to announce that it has received a Letter of Intent (LOI) for the twenty year charter and operation of two (2) FPSOs from BM-S-11 subsidiary Tupi BV on 22 March 2013.The FPSOs will be deployed at the Lula field in the pre-salt province offshore Brazil…
Leased floating production firm SBM Offshore has agreed a $470million settlement deal with operator Talisman which will see the troubled Yme platform scrapped.Completion of the mobile offshore production unit (MOPU) had suffered delays after…
SBM Offshore has agreed to the sale and transfer of GustoMSC to private equity group Parcom Capital for a consideration of approximately $185 million, to be paid in cash at closing. The sale is a first step in the divestment of some $400 million worth of non-core assets announced this summer…
SBM Offshore has signed a commercial development agreement with modular gas to liquid solutions provider CompactGTL to work exclusively together on the marketing and execution of projects involving associated gas challenges for offshore oil fields…
Peter van Rossum will join SBM Offshore as CFO on 2 July. He has been CFO of Unibail-Rodamco SE and its predecessor Rodamco Europe since 2006, and prior to this served Royal Dutch Shell 24 years in Europe, the Middle East, the US and Asia.
Sietze Hepkema, a Dutch qualified lawyer and former partner with Allen & Overy, has joined SBM Offshore as chief governance and compliance officer and will serve on the company’s management board. The appointment follows a recent review of the company’s compliance procedures…
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