SBM Offshore N.V.

Recent Articles

SBM Offshore, Repsol to Get $247 Million in Yme Insurance Settlement
Monday, July 17, 2017 SBM Offshore and Repsol will share an insurance payment of $247 million, less legal costs, related to a troubled Norwegian offshore project.
Weak Oil Pushes SBM Offshore To Axe More Jobs
Wednesday, August 10, 2016 SBM Offshore's first-half results lagged analysts' expectations as challenging conditions persisted in the oil industry.
FPSO Cidade de Saquarema Commences Ops at Brazil's Offshore Lula Field
Wednesday, July 13, 2016 The Cidade de Saquarema floating production, storage and offloading (FPSO) vessel formally commences operations at the Lula field in BM-S-11 Block offshore Brazil.
SBM Offshore: Judge Confirms Settlement
Wednesday, April 06, 2016 Judge confirms an out of court settlement involving SBM's CEO Bruno Chabas and Supervisory Board member Sietze Hepkema, following allegations of corruption made against the pair by the Brazilian Public Prosecutor's Office.
SBM Offshore Says US Authorities Re-Open Corruption Probe
Wednesday, February 10, 2016 SBM Offshore says that US authorities had re-opened an inquiry into bribery allegations involving the Dutch company.
SBM Agrees Settlement over Brazilian Bribery Allegations
Monday, January 25, 2016 SBM CEO Bruno Chabas and board member Sietze Hepkema agree to settlement with Brazilian Public Prosecutor over bribery allegations.
SBM Offshore Hit By Slowing Industry Spending
Wednesday, November 11, 2015 SBM Offshore says a fall in orders hit its 3Q revenue as clients trimmed spending amid ongoing low oil prices.
Brazil Gives SBM Ultimatum in $250M Bribery Settlement
Thursday, October 22, 2015 Brazil has told SBM Offshore, the world's top oil production ship leaser, to agree soon to a $250 million bribery settlement if it wants to regain its biggest client in the world's largest oilship market, a government source says.
SBM Offshore Secures Browse FLNG Turret FEED Contract from Technip
Monday, October 19, 2015 SBM Offshore secures a front-end engineering and design contract for three large-scale turret mooring systems for the proposed Browse floating natural gas project offshore Western Australia from Technip.
SBM Offshore First-Half Beats Forecasts, To Double Annual Savings
Wednesday, August 05, 2015 SBM Offshore reports better than expected first-half profit after slashing costs and said it would double annual savings at a time of low oil prices.
SBM Completes $1.55B Financing of FPSO Cidade de Saquarema
Tuesday, July 28, 2015 SBM Offshore completes $1.55 billion financing of FPSO Cidade de Saquarema, which will deploy for work in the Lula field offshore Brazil when ready.
Mitsubishi, NYK Buy 45% Stake in FPSO Turritella Project from SBM for $590M
Thursday, July 16, 2015 SBM Offshore divests 45 percent stake in FPSO Turritella project to two Japanese companies for $590 million.
FPSO Cidade de Marica Arrives in Brazil from China for Integration Works
Friday, July 10, 2015 SBM Offshore says FPSO Cidade de Marica arrived at Brasa, Brazil from China for integration work ahead of delivery by end 2015.
SBM Offshore Announces Further Job Cuts, Revenue In Line
Thursday, May 07, 2015 SBM Offshore says it is cutting 300 jobs in addition to the 1,200 redundancies it announced last year, saying the low oil price had led clients to postpone investment decisions.
OTC 2015: SBM Talks to CNOOC about Lingshui Gas Production Facility
Wednesday, May 06, 2015 SBM Offshore holdings talks with CNOOC to supply a semisubmersible production for the Lingshui 17-2 gas field development in South China Sea.
Midscale FLNG: the Twin-Hull Concept
Tuesday, May 05, 2015 Rigzone talks to Jaap-Harm Westhuis, technology director at SBM Offshore, about the firm's twin-hull FLNG concept for exploiting "stranded gas".
Dutch Engineer Arcadis Collateral Victim of Brazil Scandals
Thursday, April 23, 2015 Dutch engineer Arcadis sees a sharp drop in revenues from Brazil amid fallout from corruption scandals in the Brazilian oil and gas industry.
SBM Denies $1.7B Settlement with Brazil over Bribery Scandal
Wednesday, April 08, 2015 SBM Offshore refutes an article in the Brazilian press that it has agreed a $1.7-billion settlement with Brazilian authorities over a bribery scandal.
Dutch Offshore Supply Firms Expect 'Difficult' 2015
Wednesday, April 01, 2015 Netherlands-based suppliers to the offshore oil and gas industry are starting to feel the effect of a downturn in the sector caused by the lower oil price.
SBM Offshore, Brazil Comptroller Agree to Seek Leniency Deal
Wednesday, March 18, 2015 Brazil's comptroller general and SBM Offshore say they had agreed on a framework for what could be the first leniency deal in a bribery scandal linked to Petrobras.