SBM Offshore
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About
Editor's note: Updated May 3, 2022.
New Financings
Priced non-recourse senior secured notes transaction offering by subsidiary company Guara Norte S.à r.l…
SBM Offshore has completed the project financing of FPSO Liza Unity for a total of $1.14 billion, the…
SBM Offshore announced a EUR175 million (US$200 million) share repurchase program, effective from…
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News
E&P Highlights: June 10, 2024
Here’s a roundup of the latest E&P headlines, including a decline in global drilling activity and new contract awards.
TotalEnergies Reserves Hull for Development Offshore Suriname
TotalEnergies operates Block 58, with partner APA Corp., and expects to make a final investment decision in fourth quarter 2024, while initial production is slated for 2028.
Deepwater Roundup 2024: Americas
The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
Exxon Ups Mammoth Offshore Guyana Production by Another 100,000 bbl/d
Exxon Mobil, which took a final investment decision on its Whiptail development on April 12, now estimates its six offshore Guyana projects will average gross production of 1.3 MMbbl/d by 2027.
Exxon Mobil Green-lights $12.7B Whiptail Project Offshore Guyana
Exxon Mobil’s sixth development in the Stabroek Block will add 250,000 bbl/d capacity when it starts production in 2027.
SBM Offshore, Technip Enter Floating Offshore Wind JV
EkWiL, the 50/50 joint venture entity between the companies, will deploy Technip’s Semi-submersible INO15 by T.E.N. and SBM’s Tension Leg Platform Float4Wind.
SBM Offshore Announces CEO Departure, Succession
SBM Offshore’s Bruno Chabas is stepping down as CEO; the board has appointed Øivind Tangen as his successor, effective in April.
Exxon Mobil Completes $1.26B Purchase of FPSO Liza Unity
The purchase allows Exxon Mobil Guyana Ltd. to assume ownership of the unit while SBM Offshore will continue to operate and maintain the FPSO until 2033.
E&P Highlights: Oct. 16, 2023
Here’s a roundup of the latest E&P headlines including SBM Offshore winning the FEED contract for Exxon Mobil’s Whiptail FPSO and a collaboration agreement by AWS, Shell and SLB.
E&P Highlights: June 26, 2023
Here’s a roundup of the latest E&P headlines including the go-ahead for Neptun Deep and new contract awards in the upstream oil and gas industry.
E&P Highlights: May 8, 2023
Here’s a roundup of the latest E&P headlines, including a major discovery in Turkey and a flurry of new contract awards.
Deepwater Roundup: Americas
Here is a roundup of some of the major deepwater projects across the globe. The third in a four-part series, Hart Energy details projects scheduled to come online in the Americas from 2022 through mid-decade.
SBM Offshore Finalizes $1.7 Billion Financing for One Guyana FPSO
FPSO One Guyana to begin production of Exxon Mobil’s Yellowtail development offshore Guyana in the prolific deepwater Stabroek block in 2025.
OTC 2022: What’s Needed for the Energy Transition?
Leaders from Chevron, Equinor, SBM Offshore, Siemens and TotalEnergies share insight on the energy transition during the Offshore Technology Conference.
SBM Offshore Wins Exxon Mobil Contracts for Major Offshore Project
SBM Offshore will develop, lease and operate Exxon Mobil’s ONE GUYANA FPSO for the $10 billion Yellowtail project offshore Guyana.