SBM Offshore N.V.

Recent Articles

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.
SBM Receives Formal Production Readiness Note for N'Goma FPSO
Thursday, January 15, 2015 SBM Offshore receives formal Production Readiness Note for N'Goma FPSO, which is operating for Eni in the West Hub development project in Block 15/06 offshore Angola.
Dutch Oil Platform Company SBM Offshore Maintains Outlook
Wednesday, December 17, 2014 SBM Offshore has maintained its sales guidance for 2014 but said it would take $146 million in one-off charges.
SBM to Shed 1,200 Positions in Restructuring Move
Thursday, December 11, 2014 SBM Offshore is to cut 600 contractor staff and a similar number of permanent employees in order to optimize its cost base.
SBM Offshore Sells Diving Support Vessel to New JV
Monday, December 01, 2014 SBM Offshore sells the SBM Installer diving support and construction vessel for $150 million to a new joint venture it has established.
Cidade de Ilhabela FPSO Achieves First Oil at Sapinhoa Field Development
Monday, November 24, 2014 SBM Offshore says its Cidade de Ilhabela FPSO vessel is formally on hire after achieving first oil at the Sapinhoa field development offshore Brazil.
SBM Offshore Settles Bribery Case for $240M, Shares Jump
Wednesday, November 12, 2014 Dutch oilfield services firm SBM Offshore Settles Bribery Case for $240 million.
SBM Completes Loan Deal to Fund Deep Panuke Facility
Tuesday, November 04, 2014 SBM Offshore completes a $450-million loan deal to fund the Deep Panuke Production Field Centre offshore Canada.
SBM Wins Production Handling Deal with Noble Energy in GOM
Thursday, October 16, 2014 SBM Offshore signs a production handling agreement with Noble Energy to produce the Big Bend and Dantzler fields to its Thunder Hawk platform.
Petrobras Says End of SBM Contracts Could Cut Profit $15B
Monday, July 07, 2014 Petrobras says profits could be reduced by $15 billion between 2014 and 2018 if it had to suspend oil platform contracts with Holland's SBM Offshore.
SBM Offshore Says Will Not Participate in Brazil Tenders
Thursday, June 12, 2014 Oil platform leasing firm SBM Offshore will not participate in bidding for two major Brazilian offshore floating production facilities.
SBM Offshore Seeking Clarification About Brazil Tender Exclusion
Wednesday, May 28, 2014 SBM Offshore is seeking clarification about its possible exclusion from bidding for offshore Brazilian contracts with Petrobras.
SBM Offshore's 1Q Revenue Dips 4%, Order Book Down 2%
Friday, May 09, 2014 SBM Offshore reports a 4 percent slip in first-quarter revenue to $782 million, which it says was in line with expectations, while the order backlog was off 2 percent at $21.66 billion.
SBM Offshore Says Agents May Have Bribed Officials in Africa
Wednesday, April 02, 2014 SBM Offshore NV reveals that an internal investigation had found evidence that agents in Angola and Equatorial Guinea may have bribed government officials.