Press Releases

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SBM Offshore Update on Legacy Issue in Brazil

Further to the Update issued on November 6, 2017 the Company reports on two developments in Brazil. The Company learned that following a review of the leniency agreement pending the injunction order suspending signing of the leniency agreement,...

SBM Offshore Completes US$720 Million Financing of Liza

SBM Offshore is pleased to announce that on December 19, 2017 it completed the project financing of FPSO Liza for a total of US$720 million. The project financing was secured by a consortium of twelve international banks. The Company expects to...

SBM Offshore Awarded Turnkey Contract for Statoil’s Johan Castberg Turret Mooring System

SBM Offshore is pleased to announce that the Company has been awarded the contract and received the corresponding notice from Statoil to proceed with the engineering, procurement, construction (EPC) work scope for a large-scale turret mooring system...

SBM Offshore Reaches Resolution with the U.S. Department of Justice

The Company has signed a Deferred Prosecution Agreement ("DPA") with the U.S. Department of Justice ("DoJ") resolving the reopened investigation into the Company's legacy issues and the investigation into the Company's relationship with Unaoil ...

SBM OFFSHORE THIRD QUARTER TRADING UPDATE

REVENUE ON TRACK; GUIDANCE REITERATED  Highlights Year-to-date 2017 Directional[1] revenue in line with management expectations at US$1,254 million Reiterating 2017 Directional revenue guidance of around US$1.7 billion and underlying...

SBM Offshore Update on Legacy Issues

Provision of US$238 million based on advanced discussions with the U.S. Department of Justice ("DoJ") in relation to their reopened investigation into legacy issues and Unaoil Discussions with various authorities in Brazil: not yet resolved,...

SBM Offshore Confirms Settlement with Extended Group of Insurers on its Yme Insurance Claim

SBM Offshore confirms that a settlement contract has now been executed with an extended group of primary layer insurers further to its announcement on July 17, 2017 that Heads of Terms had been agreed. The final settlement includes one additional...

SBM Offshore 2017 Half-Year Earnings

Solid Results, Major New Order Won, Investing in Industry Leading Competitiveness  SBM Offshore is pleased to report revenues and EBITDA in line with management expectations. Lease and Operate delivered solid performance after successfully...

SBM Offshore Has Agreed Heads of Terms for Settlement with a Majority Group of Primary Layer Insurers on Its Yme Insurance Claim

SBM Offshore has agreed Heads of Terms for settlement with a 73.6% majority group of the US$500 million primary insurance layer for the settling of insurers’ shares of SBM Offshore’s insurance claim relating to the Yme project. The final...

FPSO Turritella Purchase Option Exercised by Shell

SBM Offshore announces that Shell E and P Offshore Services B.V. (Shell) has notified the Company of the fact that Shell is exercising its right under the charter agreement to purchase the FPSO Turritella. The purchase allows a Shell affiliate to...
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