SBM, TechnipEnergies team up on floating wind
SBM Offshore and Technip Energies revealed plans to create a new floating wind focused joint venture, dubbed EkWiL.
SBM Offshore
SBM Offshore CEO to step down after 12 years
SBM Offshore has announced that its chief executive for 12 years, Bruno Chabas, has decided not to seek a 4th mandate at the end of his current term on 12th April 2024.
Exxon awards Whiptail FEED to SBM
The builder said the FEED contract would provide an initial release of funds and would also commit a Fast4Ward hull for Whiptail.
SBM, MHI team up on carbon capture for FPSOs
“The technology, which we are now able to offer clients, is an essential solution to substantially reduce the carbon footprint of our FPSOs."
SBM Offshore profit slides despite ‘record-level’ orderbook
SBM Offshore reported a slump in profits for the first half of the year, missing estimates and falling below 2022 levels.
Equatorial Guinea convicts South African oil workers
This, he said, was “the first of the package of measures that we have to respond to your resistance to return the ship to us”. Obiang described the 76-metre Blue Shadow as a military asset.
SBM wins $3bn FPSO maintenance contract in Guyana
SBM said it would operate the units via an Integrated Operation Model. This will involve seconding ExxonMobil Guyana employees to some onshore and offshore positions.
Sonangol plans Paenal restructuring to face the future
Sonangol has set out plans to restructure its interests in the Paenal yard and create a new operating model.
Keppel delivers Guyana’s third FPSO for ExxonMobil-led consortium
The Prosperity FPSO will be the third of four FPSOs Keppel is undertaking for deployment in Guyana.
Keppel confirms fatality after crane collapse at Singapore yard
Keppel Shipyard today confirmed the death of a worker who fell into the sea after a crane collapsed at its Tuas yard in Singapore on Monday. It is the third fatality at the yard this year.
Worker missing after crane collapse in Keppel yard
One worker is missing and several have been injured after a crane collapse at a Keppel shipyard in Tuas, Singapore on Monday.
Accidents surge at yards in Bangladesh where FPSOs are beached
Since the start of 2022, out of the eighteen accidents that shook the Bangladeshi shipbreaking industry, six have taken place at yards owned by Kabir Steel Re-Rolling Mills (KSRM), a concern of large conglomerate Kabir Group, reported NGO Shipbreaking Platform.
BW Offshore FPSO recycling strategy criticised after death at Indian yard
BW Offshore’s strategy for recycling its end-of-life floating production storage and offloading (FPSOs) units has been criticised following a fatality at a ship breaking yard in India. BW is one of the largest operators of FPSOs for the oil and gas sector, but its decommissioned units are being dismantled in yards with questionable health, safety, and environmental credentials.
SBM wins FPSO work on Exxon’s Yellowtail
SBM Offshore has won work on the One Guyana vessel for ExxonMobil’s Yellowtail project, offshore Guyana.
Exxon seizes Yellowtail with fourth Guyana FID
ExxonMobil has taken its fourth final investment decision (FID) in Guyana on the Yellowtail project.
Second Unaoil conviction crumbles on appeal, in blow to SFO
The Court of Appeal has quashed another conviction related to alleged wrongdoing by Unaoil, setting Paul Bond free today in another rebuff to the Serious Fraud Office (SFO).
SFO under fire over disclosure as Unaoil conviction crumbles
The Serious Fraud Office (SFO) saw one of its Unaoil convictions thrown out earlier this month and appeals for a second are moving ahead.
Petrobras orders SBM FPSO to extend Mero development
SBM Offshore has signed a contract with Brazil’s Petrobras on the delivery of a floating production, storage and offloading (FPSO) vessel on the Mero field.
SBM pays more fines for West African bribery
Switzerland has ordered three SBM subsidiaries to pay 7 million francs ($7.5mn) for failing to prevent bribe paying in Angola, Equatorial Guinea and Nigeria.
Keppel delivers Guyana’s second FPSO
Singapore yard Keppel Offshore &Marine (Keppel O&M) has delivered a mega floating storage and offloading (FPSO) vessel dubbed Liza Unity to SBM Offshore that will process oil from the prolific Stabroaek Block offshore Guyana.
Exxon eyes Guyana growth with further discoveries
ExxonMobil has made a discovery at the Pinktail well, on Guyana’s offshore Stabroek Block.
Former oil chief handed three and a half years in jail for part in Iraqi bribery case
An oil boss has been sentenced to three and a half years in prison for conspiring with others to bribe public officials to secure lucrative oil contracts in post-war Iraq.
Fourth oil boss convicted of bribery in war-torn Iraq
A former oil and gas boss has been found guilty of conspiring to bribe public officials to win contracts in Iraq following the collapse of Saddam Hussain’s regime.
SBM ups dividend after job cuts
SBM Offshore had a tough year, increasing its dividend by 10%, while cutting around 600 jobs.
SBM Offshore hit with fresh corruption suspicions from Swiss prosecutor
SBM Offshore is seeking clarity from the Swiss Federal Prosecutor after it brought fresh suspicions of corruption against the Dutch contractor.