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Two SBM Offshore’s executives, CEO Bruno Chabas, and a member of the Supervisory Board Sietze Hepkema have been linked to the corruption scandal with Petrobras in Brazil. Chabas and Hepkema have appeared on a list of (former) Petrobras executives, former sales agents and (former) SBM Offshore executives who may be prosecuted in Brazil in relation to […]
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Dutch SBM Offshore has received a formal invitation to take part in Petrobras’ Sépia and Libra FPSO tenders in Brazil. SBM Offshore will now apply its normal tender review process. Awarding of new contracts by Petrobras to SBM Offshore remains conditional upon the conclusion of a settlement agreement between SBM Offshore and the Brazilian authorities […]
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SBM Offshore, one of the world’s largest providers of floating production systems for the oil and gas industry, has backed its CEO, and a member of Supervisory Board, following reports that the two have been charged for an alleged bribery in Brazil. To remind, Brazilian media last week reported that two SBM Offshore’s executives, CEO […]
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SBM Offshore, world’s largest provider of floating production storage and offloading units, has reached an out-of-court settlement with the Dutch Public Prosecutor’s Office (Openbaar Ministerie) over the inquiry into alleged improper payments. This settlement relates to improper payments to sales agents and foreign government officials in Equatorial Guinea, Angola and Brazil in the period […]
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A Brazilian court has ordered Petrobras to stop paying a part of monthly payments to SBM Offshore for certain FPSO leases, in relation to a years corruption probe over improper payments to Petrobras’ executives in the period before 2012.
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Business & Finance, Infrastructure
Dutch FPSO supplier SBM Offshore might need to pay 2 million euros for not disclosing price sensitive information timely between 2012-2014, which SBM has denied.
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Dutch company SBM Offshore has reached a settlement with Brazilian authorities regarding the alleged involvement of its executives in a bribery case in Brazil. To remind, in December 2015, SBM Offshore’s CEO Bruno Chabas and a member of the Supervisory Board Sietze Hepkema appeared on a list of (former) Petrobras executives, and former sales agents and […]
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SBM Offshore, a Dutch supplier of FPSOs, has reportedly been given an ultimatum to settle a bribery case claim in Brazil. Reuters on Wednesday cited an unnamed government source who said that the Dutch supplier, accused of bribing its way to obtaining contracts with Petrobras, has been given a few days to pen a leniency […]
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SBM Offshore announces it has signed a long-term cooperation agreement with Mitsubishi Corporation (Mitsubishi) to jointly pursue FPSO lease and operate projects worldwide, subject to pre-existing agreements of each of the companies. Mitsubishi will be an equity partner with SBM Offshore for the ownership and operation of FPSOs. SBM Offshore will be responsible for […]
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SBM Offshore announces that the company has signed a contract relating to the Deep Water Oil Loading System required as part of an oil field development offshore West Africa. The scope of work for SBM Offshore consists of: *the engineering, procurement and supply of Oil Offloading Lines (OOL) and Fiber Optic Cables to be […]
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SBM Offshore, world’s largest provider of FPSO vessels to the international oil and gas industry, is set to reach a settlement with the Brazilian authorities, linked to the company’s alleged involvement in a bribery case. According to the Brazilian newspaper O’Globo, SBM Offshore, accused of paying bribes in exchange for contracts, has agreed to pay […]
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SBM Offshore is pleased to announce it has signed a long-term cooperation agreement with Mitsubishi Corporation (Mitsubishi) to jointly pursue FPSO lease and operate projects worldwide, subject to preexisting agreements of each of the companies. Mitsubishi will be an equity partner with SBM Offshore for the ownership and operation of FPSOs. SBM Offshore will be […]
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SBM Offshore, a Dutch company providing FPSO units to oil and gas industry, has signed a memorandum of understanding (MoU) with Brazil’s Comptroller General’s Office (Controladoria-Geral da União – CGU), the Attorney General’s Office (Advocacia-Geral da União – AGU). Namely, SBM Offshore will cooperate with Brazilian authorities that are investigating the corruption scandal involving the state-owned […]
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Dutch FPSO company SBM Offshore has ordered two new FPSO hulls in China. These will be SBM’s fourth and fifth hulls ordered under the company’s Fast4Ward program.
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Dutch offshore facilities provider SBM Offshore has agreed heads of terms with some of it insurers for the settlement of SBM’s claims related to the troubled Yme platform SBM had delivered to Talisman (now Repsol) in 2011. SBM Offshore said that the head of terms was reached with a 73.6% majority group of the US$500 […]
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Dutch company SBM Offshore has entered into an agreement to sell the SBM Installer, a Diving Support and Construction Vessel (DSCV), to OS Installer AS for US$150 million in cash. OS Installer AS is a newly established joint venture between Ocean Yield ASA (75%) and SBM Offshore (25%). The companies have signed a memorandum of agreement under […]
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SBM Offshore announced that it has received a Letter of Intent (LOI) for the twenty year charter and operation of two (2) FPSOs from BM-S-11 subsidiary Tupi BV on 22 March 2013. The FPSOs will be deployed at the Lula field in the pre-salt province offshore Brazil. BM-S-11 block is under concession to a consortium […]
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SBM Offshore, a Dutch-based provider of floating production systems to the international offshore oil and gas industry, will lay off more workers in 2016. To remind, the company in 2015 slashed around 3,200 positions, of which 1,500 were full-time employees and contractor staff. According to SBM, the remaining 1,700 were construction yard positions related to […]
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Dutch firm SBM Offshore is again being investigated by the U.S. Department of Justice. The provider of FPSO vessels for oil and gas industry this week said that the United States Department of Justice had informed SBM Offshore that it re-opened its past inquiry of the company and “has made information requests in connection with […]
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Dutch SBM Offshore will bid for an interest in five Brazilian FPSOs put up for sale by Constellation, previously known as Queiroz Galvão Óleo e Gás S.A.
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Dutch supplier of floating production solutions SBM Offshore is returning into play for taking part in Petrobras’ tenders for FPSO vessels, after having been banned due to a bribery investigation. In a statement issued Monday, SBM Offshore said its main Brazilian subsidiary has received written notification from Petrobras of its ability to participate in the […]
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SBM Offshore, a provider of floating production solutions to the offshore energy industry, has informed that the Brazilian authorities have confirmed the settlement regarding bribery probe involving SBM Offshore CEO and member of the supervisory board. SBM Offshore disclosed in January 2016 that its CEO Bruno Chabas and Supervisory Board member Sietze Hepkema had decided to […]
