SBM Offshore N.V. Company News

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Petrobras Awards Contract for Buzios FPSO
Tuesday, March 02, 2021The FPSO will be the largest oil-producing unit offshore Brazil, according to SBM Offshore.

Petrobras Eyes Its Next Buzios FPSO
Wednesday, September 16, 2020Petrobras and SBM Offshore confirmed that they have begun negotiations for the FPSO Almirante Tamandare.

SBM's First Completed Fast4Ward FPSO Hull Docks in Singapore
Tuesday, January 14, 2020SBM Offshore’s first completed FPSO hull using the Fast4Ward approach has arrived at the Keppel yard in Singapore. (PHOTO Source: SBM Offshore)

SBM Offshore Blazes Trail With FPSO Design
Monday, December 23, 2019The Liza Unity is a new build and SBM Offshore's first MPF hull ever built for the Fast4Ward program. It's set to leave the SWS shipyard in January 2020. (PHOTO Source: SBM Offshore)

ExxonMobil Makes Long-Term FPSO Supply Deal
Friday, September 06, 2019ExxonMobil and SBM Offshore have signed a long-term agreement covering potential future FPSO orders.

Pioneering FPSO Reaches Offshore Guyana Block
Friday, August 30, 2019The Liza FPSO concludes its journey from Singapore. PHOTO SOURCE: Hess Corp.

Ex-SBM Executives Plead Guilty In US To Petrobras Bribe Charges
Thursday, November 09, 2017Two former executives at SBM Offshore NV have pleaded guilty to US charges.

SBM Offshore, Repsol to Get $247 Million in Yme Insurance Settlement
Monday, July 17, 2017SBM 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, 2016SBM 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, 2016The 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, 2016Judge 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, 2016SBM 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, 2016SBM 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, 2015SBM 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, 2015Brazil 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, 2015SBM 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, 2015SBM 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, 2015SBM 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, 2015SBM 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, 2015SBM 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, 2015SBM 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, 2015SBM 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, 2015Rigzone 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, 2015Dutch 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, 2015SBM 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, 2015Netherlands-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, 2015Brazil'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, 2015SBM 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, 2014SBM 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, 2014SBM 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, 2014SBM 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, 2014SBM 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, 2014Dutch oilfield services firm SBM Offshore Settles Bribery Case for $240 million.

SBM Completes Loan Deal to Fund Deep Panuke Facility
Tuesday, November 04, 2014SBM 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, 2014SBM 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, 2014Petrobras 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, 2014Oil 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, 2014SBM 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, 2014SBM 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, 2014SBM Offshore NV reveals that an internal investigation had found evidence that agents in Angola and Equatorial Guinea may have bribed government officials.

Petrobras Finds No Evidence Of Bribes In SBM Offshore Probe
Monday, March 31, 2014Petrobras says an internal investigation of alleged corruption by SBM Offshore NV found no evidence of bribes paid to Petrobras employees.

Brazilian Lawmakers to Monitor Any Probes of Petrobras Bribery Claims
Wednesday, March 12, 2014Brazil's lower house of Congress approves the creation of a special committee to monitor any probes in the Netherlands of allegations that SBM Offshore paid bribes to officials at Petrobras.

Petrobras Investigating SBM Offshore Bribery Allegations
Tuesday, February 18, 2014Petrobras is investigating allegations that SBM Offshore paid bribes to win contracts for floating oil platforms, CEO Maria das Gracas Foster says.

SBM Offshore Expects Flat Directional Revenue
Thursday, February 06, 2014Dutch FPSO operator SBM Offshore forecasts flat revenue of $3.4 billion for 2014 after posting a net loss due to one-off charges.

SBM Offshore to Strengthen its Malaysian Hub
Tuesday, February 04, 2014SBM Offshore's development of offshore engineering and construction expertise at its execution center in Malaysia will benefit local staff.

Q&A Spotlight: SBM Offshore's Saskia Kunst
Tuesday, January 28, 2014Kunst shares her thoughts on international offshore trends, the "new" industry workforce, and pursuing a career in oil and gas.

FPSO Cidade de Ilhabela Arrives in Brazil for Integration Works
Tuesday, January 14, 2014SBM Offshore announces the arrival of FPSO Cidade de Ilhabela at Brasa yard in Brazil for integration works.

RPT-Dubai's Drydocks World Signs $730 Mln North Sea Rig Deal
Monday, January 13, 2014Drydocks World will construct the largest rig ever built for the North Sea in a deal worth $730 million.

SBM Offshore Shuffles Senior Management
Tuesday, December 03, 2013SBM Offshore announces it has reduced the top of its governance structure from three layers to two by removing the Board of Management.

Paper: Investor Wants SBM Offshore to Fund Fleet via Partnerships
Monday, December 02, 2013Centaurus Capital wants marine services firm SBM Offshore to use a more tax-efficient structure to fund its oil storage and production vessels.