With ExxonMobil sanctioning its third offshore development in Guyana following the government approval, SBM Offshore has confirmed it has won a contract to deliver an FPSO for the project.Under the contract, SBM Offshore will construct, install…
Brazilian oil firm Petrobras has said it has confirmed oil of excellent quality with the drilling of well 9-BUZ-48D-RJS, located in the extreme northwest of Búzios field in the Santos Basin, offshore Brazil.The well is located 188 km from the…
Brazilian oil company Petrobras has started negotiations with the Dutch FPSO supplier SBM Offshore over a potential charter of an FPSO to be installed at the giant Buzios field in the Santos Basin, offshore Brazil.The FPSO, to be named Almirante Tamandaré…
Oil and gas services firm SBM Offshore raised its full-year core profit guidance on Thursday on the back of a 23% increase in nine-month revenue and said it had started work on a pilot floating offshore wind project in France.The Dutch company…
Dutch FPSO leasing company SBM Offshore has agreed to take full control of the diving support and construction vessel (DSCV) SBM Installer so it can easier sell it.The vessel is owned by OS Installer, a JV company in which SBM Offshore has a 25% stake…
The UK Serious Fraud Office (SFO) said on Thursday it had secured just under 1.2 million pounds ($1.6 million) from a Brazilian national implicated in Brazil's 'Operation Car Wash', the country's biggest bribery investigation that began in 2014…
Dutch floating production solutions provider SBM Offshore has ordered equipment from Malaysia's KNM to be installed on an FPSO destined for ExxonMobil's Guyana operations.Bursa Malaysia-listed KNM said SBM Offshore had on Thursday ordered PME pressure vessel separators worth around $4 million…
Italian oilfield services firm Saipem has recently received approval from ExxonMobil to proceed with the final phase of its work scope at the Payara development project offshore GuyanaSaipem in November last year won a provisional contract for Payara with the scope including Subsea Structures…
Dutch FPSO leasing company SBM Offshore has raised its EBIDTA guidance and maintained the revenue guidance for 2020, after 'successfully navigating' a challenging period caused by the pandemic. Still, it is preparing for shorter oil price cycles…
China's Shanghai Waigaoqiao Shipbuilding (SWS) shipyard has delivered another Guyana-bound FPSO hull for the Dutch FPSO specialist SBM Offshore.Following the delivery of the Liza Unity hull in late 2019, SWS on Monday delivered the Liza Prosperity hull…
PJ Valves (PJV) has won contracts to supply valves packages for two Brazil-bound FPSOs, the Marlim 2 and Mero 2.The Marlim 2 FPSO will be delivered to Petrobras by Malaysia's Yinson, under the contract signed in March. The FPSO will have the capacity to process up to 70…
Offshore drilling company Noble Corporation said Thursday it had secured more rig work for its Noble Tom Madden drillship with ExxonMobil in Guyana that should see the rig employed until August 2030.Under the 'commercial enabling agreement' signed between the two companies back in February…
Oilfield services company TechnipFMC said it has won a large contract to supply subsea equipment for ExxonMobil's Payara development offshore Guyana, following the oil major's FID on the project on Wednesday.Under the contract, TechnipFMC will manufacture and deliver the subsea production system…
Dutch FPSO supplier SBM Offshore has closed a US$600 million bridge loan facility for the financing of the construction of FPSO Sepetiba (formerly known as Mero 2) destined for deployment in Brazil with Petrobras.SBM Offshore said the loan was…
Pipeline coatings company Shawcor will deliver thermal insulation and anti-corrosion coating services for the ExxonMobil-operated Payara development offshore Guyana.ExxonMobil, with its partners Hess and CNOOC, sanctioned the development of the Payara oil field earlier this week…
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