SBM Offshore N.V.

Recent Articles

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.
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.