Search results for: sbm

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  • 1 December 2014

    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 […]

  • 30 November 2017
    Business & Finance

    Netherlands-based SBM Offshore and its US subsidiary have agreed to resolve criminal charges involving bribes in five countries and pay a criminal penalty of USD 238 million. According to the US Department of Justice, the penalty was set in connection with schemes involving the bribery of foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq […]

  • 8 December 2016
    Project & Tenders

    Dutch company SBM Offshore has lowered its forecast for operating profit (EBITDA) in 2016 as it will recognise a write-down of $30 million on a contract around a diving support and construction vessel (DSCV) SBM Installer. Due to the continuing downturn in the oil industry, the operating profit is now estimated at $720 million because […]

  • 18 December 2015

    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 […]

  • 17 November 2015

    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 […]

  • 8 August 2014
    Business & Finance

    SBM offshore looking to resolve a dispute over the proposed sale of the Diving Support and Construction Vessel ‘SBM Installer’.

  • 22 October 2015

    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 […]

  • 29 March 2019
    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.

  • 21 December 2015
    Business & Finance

    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 […]

  • 20 September 2017

    SBM Offshore has posted an image on its social media channels on Wednesday showing the diving support and construction vessel  SBM Installer during a stop-over in Monaco. The company said that following the stop-over in Monaco, the vessel would proceed to work on a project in the east-Mediterranean. SBM told Offshore Energy Today in an […]

  • 16 February 2011
    Business & Finance

      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 […]

  • 12 November 2014
    Business & Finance

    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 […]

  • 6 October 2015

    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 […]

  • 5 July 2018
    Infrastructure

    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.

  • 16 December 2013

    SBM Offshore today announced that the previously announced memorandum of agreement with Daya Vessels Limited for the proposed sale of the Diving Support and Construction Vessel ‘SBM Installer’ will not proceed as previously planned. According to SBM Offshore, DVL failed to secure financing for the transaction and did not receive permission from its parent company Daya […]

  • 17 February 2011

    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 […]

  • 30 November 2017
    Infrastructure

    SBM Offshore USA, a subsidiary of world’s largest FPSO provider SBM Offshore, has pleaded guilty for charges of bribing foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq in violation of the Foreign Corrupt Practices Act (FCPA). The U.S. Department of Justice said on Thursday that the Dutch FPSO specialist SBM Offshore would pay […]

  • 2 September 2016

    Brazilian anti-corruption body has refused to give authorization for the leniency agreement signed by Petrobras, SBM Offshore, and the Brazilian authorities in July. To remind, the two companies and the government signed the settlement agreement resolving issues stemming from a bribery case where SBM Offshore had been accused of bribing its way to Petrobras’ FPSO contracts. […]

  • 8 August 2018
    Business & Finance, Project & Tenders

    Solstad Farstad has renewed its frame agreement with SBM Offshore for 2019 and 2020, for the charter of construction support vessel (CSV) Normand Installer. Under the frame agreement SBM will charter the vessel for at least 114 days of work in 2019 and 105 days in 2020. The Normand Installer is a deepwater construction vessel […]

  • 29 April 2011
    Business & Finance

      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 […]

  • 29 April 2011
    Business & Finance

      SBM Offshore will receive design license fees from Hyundai Heavy Industries (HHI) who has recently confirmed that it has signed contracts to construct and deliver six drill ships of the GustoMSC P10,000 class with international drilling contractors. SBM Offshore will also receive design license fees from the Singaporean yards Keppel Fels and Jurong Shipyard […]

  • 11 November 2013

    SBM Offshore has agreed to the sale of the DSCV SBM Installer, a newbuild Diving Support and Construction Vessel (DSCV), to Daya Vessels Limited, a subsidiary of Daya Offshore Construction Sdn Bhd, for US$180 million in cash. Both parties have signed a memorandum of agreement, subject to the buyer securing transaction financing, and expect to […]