SBM Offshore News

SBM Offshore Closes $1.75B Financing for Its Largest FPSO Yet

Jul 21, 2022

Dutch FPSO leasing specialist SBM Offshore said Thursday it had completed the US$1.75 billion project financing for the FPSO One Guyana. The company has previously said that this would be the company's largest FPSO so far. It will be deployed at ExxonMobil's Yellowtail development…

Guyana's President Visits Exxon's FPSO. Praises Local Crew

Aug 24, 2022

Guyana's president Irfaan Ali on Monday visited ExxonMobil's Liza Unity FPSO - Guyana's second FPSO in production - where he praised the Guyanese crew aboard.According to Guyana's Department of Public information, he told the Guyanese crew on…

SBM Offshore's Chief Transition Officer to Take Over as Heerema Marine Contractors' CEO

Jun 03, 2022

Philippe Barril, Chief Transition Officer (CTO) of FPSO specialist SBM Offshore, has decided to step down from SBM Offshore to become the CEO of the Dutch offshore installation firm Heerema Marine Contractors on September 1, 2022. Barril was…

SBM Offshore's Treasurer and IR Head Joins Jadestone Energy as New CFO

Jun 28, 2022

Asia-Pacific focused oil and gas company Jadestone Energy has appointed Bert-Jaap Dijkstra as Chief Financial Officer.Dijkstra will join Jadestone Energy from SBM Offshore, the Dutch FPSO leasing specialist, effective from September 1, 2022…

ExxonMobil Taps Acorn for EIA Work on Fifth Offshore Development in Guyana

Aug 09, 2022

ExxonMobil has hired Acorn International, an environmental and risk management consultancy with offices in Boston and Houston, to perform an Environmental Impact Assessment (EIA) and lead the public consultation program for the Uaru Project…

Third Unaoil Bribery Conviction Quashed in London

Jul 21, 2022

A third man convicted in Britain over how oil contracts were secured in post-occupation Iraq has had his conviction overturned by a London court, further unraveling a high-profile bribery case prosecuted by the UK Serious Fraud Office (SFO)…

SBM Offshore Confirms Giant FPSO Contract Award for Exxon's Yellowtail Project in Guyana

Apr 05, 2022

SBM Offshore, a Dutch company that designs, builds, installs, and operates FPSO units, has confirmed the receipt of a firm order from ExxonMobil for the fourth and largest FPSO to be deployed offshore Guyana.The FPSO will be designed to produce 250…

Rights Group Calls on French Prosecutors to Probe SBM Offshore

Mar 22, 2022

Rights group Sherpa has called on French prosecutors to open an investigation into alleged corruption related to the activities of Dutch oil and gas services firm SBM Offshore, it said in a statement on Monday.Sherpa said it had filed a request…

SBM Offshore Divests 45% Stake in Brazil-bound FPSO Alexandre de Gusmão

Mar 23, 2022

Dutch FPSO leasing company SBM Offshore has divested a 45% stake in the under-construction FPSO Alexandre de Gusmão, bound to be deployed at Petrobras Mero field offshore Brazil'SBM Offshore is pleased to announce that it has entered into a…

VIDEO: Hook-Up of Liza Unity FPSO Offshore Guyana

May 18, 2022

Liza Unity is the second floating production, storage, and offloading unit of several expected to be deployed at ExxonMobil's Stabroek block off Guyana in the years to come.The FPSO, delivered by the Dutch FPSO specialist SBM Offshore, started producing oil in February…

Keppel O&M Wins FPSO Integration Work Worth $180.4M

May 06, 2022

Singapore's Keppel Offshore & Marine has, via its subsidiary Keppel Shipyard, secured contracts worth around S$250 million (~USD180,4 million) for the integration of two Floating Production Storage and Offloading vessels (FPSO).Keppel Offshore & Marine…

Third Unaoil Bribery Offender Launches Appeal Against Conviction

Jun 06, 2022

A third man jailed in Britain for bribery over oil deals in Iraq is appealing his conviction after two co-defendants had guilty verdicts quashed in the case prosecuted by the UK Serious Fraud Office (SFO).A lawyer for Stephen Whiteley, a 66…

VIDEO: SBM Offshore's Prosperity FPSO Leaves Dry Dock in Singapore

Mar 31, 2022

The hull of the FPSO Prosperity, which will be Guyana's third offshore production unit after the Liza Destiny and Liza Unity, has recently left the dry dock in Singapore, in preparation for topside installation works.The hull arrived in Singapore last year from China where it was built…

VIDEO: First Topside Modules Being Installed Aboard Prosperity FPSO

Apr 20, 2022

FPSO specialist SBM Offshore has shared a video showing the lifting and installation of the first topside module batch for the Prosperity FPSO at the Keppel O&M yard in Singapore.  The hull of the FPSO Prosperity, which will be Guyana's third…

TechnipFMC Gets Notice to Proceed, Wins More Work at Exxon's Yellowtail Project Offshore Guyana

May 03, 2022

Oilfield services giant TechnipFMC has secured an additional contract and received notice to proceed from ExxonMobil for its Yellowtail development in the Stabroek Block offshore Guyana.The newly announced, 'significant' flexibles contract covers…

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