Dutch oil and gas services company SBM Offshore on Thursday upgraded its full-year revenue and core profit targets after ExxonMobil exercised its purchase option for a project in Guyana.The Amsterdam-based company now aims for a directional revenue of $4…
Classification society DNV has issued a statement of qualified technology to SBM Offshore for its carbon capture plant or CO2 capture solution for FPSOs developed in partnership with Mitsubishi Heavy Industries. The statement verifies that the…
Dutch offshore energy industry specialist SBM Offshore said Thursday it had installed three floating wind units for the Provence Grand Large pilot project at their final location, 17 kilometers off the Port-Saint-Louis-du-Rhône, near Marseille…
Dutch firm SBM Offshore said Friday it had won contracts to perform front-end engineering and design (FEED) for a floating production, storage, and offloading vessel (FPSO) for the ExxonMobil-led Whiptail development project in Guyana.Following…
Dutch firm SBM Offshore, one of the world's largest FPSO suppliers, has teamed up with Irish renewable energy firm DP Energy to pursue floating offshore wind energy opportunities off Nova Scotia with their now formalized new joint venture.The…
SBM Offshore has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion.The project financing is provided by a consortium of 12 international banks with insurance cover from three international export credit agencies…
SBM Offshore-designed foundations of the Provence Grand Large floating wind farm were floated out this week at the fabrication yard in Fos-sur-Mer, France.Eiffage Metal, the Fos-sur-Mer fabrication yard owner, said Monday:”The three [floating…
May 11 (Reuters) - Dutch oil and gas services firm SBM Offshore SBMO.AS reported a 24% drop in first-quarter revenue on Thursday, citing the impact from one-off divestment in two of its vessels last year.Group revenue fell to $742 million for the first three months of 2023…
Dutch FPSO leasing and operation specialist SBM Offshore has signed a 10-year operations and maintenance enabling agreement with ExxonMobil in Guyana for the Operations and Maintenance of the Liza Destiny, Liza Unity, Prosperity, and ONE GUYANA FPSOs…
Dutch FPSO leasing firm SBM Offshore has signed the project financing of FPSO Almirante Tamandaré for a total of $1.63 billion.The Dutch company in July 2021 signed contracts with Brazil's Petrobras for the 26.25 years lease and operation of FPSO Almirante Tamandaré…
Dutch FPSO leasing company SBM Offshore said Tuesday that production had resumed from its FPSO Cidade de Anchieta, offshore Brazil, after a lengthy shutdown.The Cidade de Anchieta, under contract with Petrobras in Brazil, has been shut down since January 22…
Dutch FPSO systems provider SBM Offshore said Thursday it had signed a memorandum of understanding with ExxonMobil for the supply of another FPSO in Guyana.'The company recently placed an order for a seventh Fast4Ward MPF hull. The construction…
The Dutch FPSO leasing specialist SBM Offshore said Friday the construction of the topside modules had kicked off in Singapore for one of the company's largest-ever FPSO units, the One Guyana FPSO.'During September this year, two steel strike…
Dutch FPSO leasing specialist SBM Offshore has ordered its latest Fast4Ward multi-purpose floater hull as it marked a new record level order book at $31.1 billion. The latest Fast4Ward floating production unit (FPU) is expected to be delivered in 2024…
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…