![Ivanhoe, SBM Offshore to Develop FPUSO Vessels]()
Ivanhoe Energy and SBM Offshore have formed a global strategic alliance (Alliance), combining their respective expertise to create Floating, Production, Upgrading, Storage and Offloading vessels (FPUSO’s). The two companies have combined their respective technologies and experience to produce a first of its kind design for offshore facilities that will economically produce and upgrade heavy oil [...]
SBM Offshore and Talisman Energy Norge AS (Talisman), have reached a decision to terminate the YME MOPUstor project in the Norwegian North Sea, including scrapping the existing above surface structure, and ending all joint activity for an agreed cost. Following an extended period of operational and execution delays, the decision has been taken to remove [...]
SBM Offshore confirms it has been notified by Shell, that in light of unexpected well results, they have decided to reassess the development plan for the Fram oil and gas field in the UK North Sea and not to continue with several key contracts associated with this development including the FPSO. SBM Offshore has been [...]
Dron & Dickson, specialists in design, supply and maintenance of hazardous area electrical equipment, has secured a contract with SBM Offshore. The project will see Dron & Dickson carry out electrical inspection and maintenance on SBM Offshore’s assets. The Global Frame Agreement began in late 2012. Dron & Dickson will provide a team of 60 [...]
SBM Offshore today reported a net loss for 2012 of US$ 74.9 million (2011 net loss of US$ 440.6 million). This result includes divestment profits, impairment charges, and other non-recurring items relating to the Yme and Deep Panuke projects which generated a net loss of US$ 473.4 million in 2012 (US$ 857.0 million in 2011). [...]
SBM Offshore, a Dutch based provider of systems and services to the global offshore oil and gas industry, has today announced that it will most likely be decommissioning the troublesome YME platform that has been sitting unmanned in the Norwegian part of the North Sea since mid-July, 2012. The decision on the project is still [...]
SBM Offshore today announced that the sale of GustoMSC, its non-core design and engineering subsidiary, became unconditional on 28 November 2012 and that the approximate $185 million transaction with Parcom Capital has been completed. he sale of GustoMSC is a further step in enabling SBM Offshore to pursue its FPSO-driven strategy, allowing its Dutch execution [...]
Leading independent offshore survey company UTEC has announced the award of a significant multi-year framework agreement. The agreement is with SBM Offshore (Monaco) to provide offshore survey and positioning services carrying its construction vessel fleet, initially covering operations on-board the OCV “Normand Installer” and the new-build DSCV “SBM Installer.” The services contract will be managed [...]
November 27, 2012 | Posted in
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SBM Offshore N.V. has agreed to the sale and transfer of GustoMSC, to Parcom Capital, a private equity group, for a consideration of approximately US$ 185 million. The purchase price will be paid in cash at closing. The sale is a first step in the divestment program for non-core assets of approximately US$ 400 million [...]
SBM Offshore priced its first US Private Placement project bond of US$ 500 million for the FPSO Cidade de Anchieta. Yesterday, SBM Offshore successfully priced an inaugural US$ 500 million US Private Placement project bond with 16 Institutional Investors. The bond which is rated Baa2/BBB by Moody’s and Fitch carries a 5.5% fixed coupon for [...]
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