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SBM Offshore NV (SBMO.AS)

SBMO.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SBM Offshore H1 IFRS EBITDA Down At 433 Million Dollars
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - SBM OFFSHORE NV ::SBM OFFSHORE 2018 HALF-YEAR EARNINGS.H1 IFRS REVENUE $1.02 BILLION VERSUS $ 862.0 MILLION YEAR AGO.H1 IFRS EBITDA $ 433 MILLION VERSUS $ 453.0 MILLION YEAR AGO.2018 DIRECTIONAL REVENUE GUIDANCE ADJUSTED TO AROUND US$1.7 BILLION WITH US$1.3 BILLION FROM LEASE AND OPERATE.PRO-FORMA DIRECTIONAL BACKLOG AT END OF JUNE 2018 DECREASED BY C. US$0.7 BILLION TO A TOTAL OF US$16.1 BILLION.CONTINUES TO POSITION ITSELF TO BENEFIT FROM THE ANTICIPATED ENERGY TRANSITION TOWARDS MORE GAS DEVELOPMENTS AND RENEWABLE ENERGY SOURCES.H1 IFRS PROFIT ATTRIBUTABLE TO SHAREHOLDERS $ 147 MILLION VERSUS $ 92 MILLION YEAR AGO.UNDERLYING 2018 DIRECTIONAL EBITDA GUIDANCE MAINTAINED AT AROUND US$750 MILLION.ADJUSTING THE GUIDANCE FOR TURNKEY REVENUES FOR 2018 TO AROUND US$0.4 BILLION.OVERALL 2018 GUIDANCE FOR REVENUES NOW BECOMES AROUND US$1.7 BILLION IN AGGREGATE.  Full Article

Petrobras says SBM to pay it 549 mln reais as part of leniency deal
Thursday, 26 Jul 2018 

July 26 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL'S STATE-CONTROLLED OIL COMPANY PETROBRAS SAYS SIGNED LENIENCY DEAL WITH SBM OFFSHORE AND SBM HOLDING - FILING.PETROBRAS SAYS SBM TO PAY IT 549 MILLION REAIS AS PART OF LENIENCY DEAL - FILING.  Full Article

SBM Offshore Says Leniency Agreement Signed Between SBM Offshore, Brazilian Authorities And Petrobras
Thursday, 26 Jul 2018 

July 26 (Reuters) - SBM Offshore NV ::LENIENCY AGREEMENT SIGNED BETWEEN SBM OFFSHORE, BRAZILIAN AUTHORITIES AND PETROBRAS.SBM OFFSHORE - PAYMENT AMOUNTS AGREED UPON IN LENIENCY AGREEMENT ARE IN LINE WITH PROVISION MAINTAINED BY CO CORRESPONDING TO THIS INITIAL AGREEMENT.SBM OFFSHORE - UNDER THE TERMS OF THE LENIENCY AGREEMENT, CGU, AGU AND PETROBRAS COMMIT TO TERMINATE ALL OF THEIR INVESTIGATIONS AGAINST THE COMPANY.  Full Article

SBM Offshore Updates On Legacy Issues In Brazil
Thursday, 5 Jul 2018 

July 5 (Reuters) - SBM OFFSHORE NV ::UPDATE ON LEGACY ISSUES IN BRAZIL.ON JULY 4, 2018 COMPANY BECAME AWARE OF AN INTERIM DECISION BY JUDGE HANDLING CASE..FROM WHAT COMPANY UNDERSTANDS THUS FAR, JUDGE HAS PARTIALLY GRANTED REQUEST FOR A PROVISIONAL MEASURE.PROVISIONAL MEASURE AIMS TO ORDER PETROBRAS TO START WITHHOLDING A PERCENTAGE OF MONTHLY PAYMENTS DUE TO SBM OFFSHORE COMPANIES UNDER CERTAIN CHARTER CONTRACTS IN ESCROW.JUDGE IS REQUESTING MORE INFORMATION FROM PETROBRAS AND COMPANY.DECISION REFERENCES FACT THAT SBM OFFSHORE IS HEADQUARTERED OVERSEAS.BEFORE TAKING A DECISION ON AMOUNTS TO BE WITHHELD, JUDGE IS REQUESTING MORE INFORMATION FROM PETROBRAS AND COMPANY.PETROBRAS IS REQUESTED TO INDICATE ITS INTEREST IN BECOMING A PLAINTIFF IN IMPROBITY LAWSUIT AS WELL AS TO PRESENT EVIDENCE ON IMPACT OF RETENTION OF AMOUNTS..COMPANY STRONGLY DISAGREES WITH INTERIM DECISION, IS SEEKING FURTHER CLARIFICATION AND IS TAKING ALL APPROPRIATE MEASURES TO DEFEND ITS INTERESTS.COMPANY IS REQUESTED TO PROVIDE FINANCIAL INFORMATION ON CONTRACTS THAT ARE PART OF OBJECT OF THIS LITIGATION..FEDERAL GOVERNMENT IS ALSO REQUESTED TO INDICATE ITS INTEREST IN THIS LITIGATION..UNDER CURRENT CIRCUMSTANCES, COMPANY CANNOT GUARANTEE THAT A SATISFACTORY RESOLUTION WILL BE REACHED.  Full Article

SBM Offshore Awarded Contracts For Exxonmobil's Second Liza FPSO
Tuesday, 3 Jul 2018 

July 3 (Reuters) - SBM OFFSHORE NV ::PRESS RELEASE SBM OFFSHORE AWARDED CONTRACTS FOR EXXONMOBIL'S SECOND LIZA FPSO BASED ON ITS FAST4WARDTM PROGRAM.WILL CONSTRUCT, INSTALL AND THEN LEASE AND OPERATE FPSO FOR A PERIOD OF UP TO 2 YEARS.AFTER THIS TIME FPSO OWNERSHIP AND OPERATION WILL TRANSFER TO EEPGL..WITH RESPECT TO FPSO LIZA DESTINY DISCUSSIONS WITH CLIENT ARE UNDERWAY REGARDING A POTENTIAL ACCELERATED TRANSFER OF OWNERSHIP.  Full Article

SBM Q1 Directional Net Debt Decreased By Circa 550 Million Dollars
Wednesday, 9 May 2018 

May 9 (Reuters) - SBM OFFSHORE NV ::SBM OFFSHORE FIRST QUARTER TRADING UPDATE.YEAR-TO-DATE 2018 DIRECTIONAL REVENUE OF US$385 MILLION IN LINE WITH MANAGEMENT EXPECTATIONS.FAST4WARD HULL PROGRESSING PER PLAN; FIRST STEEL CUT IN MARCH 2018.DIRECTIONAL NET DEBT DECREASED BY C. US$550 MILLION TO US$2.4 BILLION AT END OF Q1.2018 DIRECTIONAL REVENUE GUIDANCE IS MAINTAINED AT AROUND $1.9 BILLION.2018 DIRECTIONAL EBITDA GUIDANCE IS ALSO MAINTAINED AT AROUND US$750 MILLION.GUIDANCE ASSUMES A PARTIAL SELL-DOWN OF COMPANY'S OWNERSHIP SHARE OF FPSO LIZA.MARKET OUTLOOK IS POSITIVE AS INDUSTRY CONTINUES TO RECOVER, ALBEIT GRADUALLY -CEO.DISCUSSIONS BETWEEN MINISTRY OF TRANSPARENCY, OVERSIGHT AND CONTROL GENERAL COUNSEL FOR PETROBRAS AND SBM OFFSHORE RELATING TO LENIENCY AGREEMENT REMAIN ONGOING.DAMAGE CLAIM FILED BY FEDERAL PROSECUTOR'S OFFICE REMAINS UNDER REVIEW BY COURT.UNDER CURRENT CIRCUMSTANCES, COMPANY DOES NOT FORESEE AN ALL-ENCOMPASSING FINAL RESOLUTION IN BRAZIL IN SHORT TERM.BRAZIL: UNDER CURRENT CIRCUMSTANCES CANNOT GUARANTEE THAT SATISFACTORY RESOLUTION WILL BE REACHED WITH AUTHORITIES, NOR PREDICT TIMING THEREOF.  Full Article

SBM Offshore Updates On Legacy Issue In Brazil ‍​
Friday, 22 Dec 2017 

Dec 22 (Reuters) - SBM OFFSHORE NV ::SBM OFFSHORE UPDATE ON LEGACY ISSUE IN BRAZIL ‍​.FEDERAL COURT OF ACCOUNTS ALLOWS MINISTRY OF TRANSPARENCY, OVERSIGHT AND CONTROL, GENERAL COUNSEL FOR REPUBLIC AND PETROBRAS TO MOVE FORWARD WITH SIGNING OF LENIENCY AGREEMENT‍​.FEDERAL PROSECUTOR’S OFFICE HAS FILED A DAMAGE CLAIM AGAINST A BRAZILIAN SUBSIDIARY OF COMPANY.DAMAGE CLAIM ALSO AGAINST INTERMEDIATE HOLDING COMPANY IN SWITZERLAND AND NUMBER OF INDIVIDUALS, INCL. FORMER EMPLOYEES OF GROUP.CLAIM RELATES TO ALLEGED IMPROPER SALES PRACTICES BEFORE 2012 THAT ARE ALSO SUBJECT OF LENIENCY AGREEMENTS.REAFFIRMS ITS COMMITMENT TO CLOSE OUT ITS LEGACY ISSUES IN BRAZIL BY MEANS OF A LENIENCY AGREEMENT.UNDER CURRENT CIRCUMSTANCES, COMPANY CANNOT GUARANTEE THAT SATISFACTORY RESOLUTION WILL BE REACHED.  Full Article

SBM Offshore wins Statoil contract for Castberg turret mooring
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Statoil Asa ::STATOIL AWARDS CONTRACT FOR THE TURRET MOORING SYSTEM OF JOHAN CASTBERG.‍STATOIL HAS SIGNED A CONTRACT WITH SBM OFFSHORE FOR DELIVERY OF TURRET MOORING SYSTEM ON FLOATING PRODUCTION SHIP (FPSO) FOR JOHAN CASTBERG FIELD​.‍CONTRACT IS AN EXERCISE OF AN OPTION IN CONNECTION WITH CONCLUSION OF A FEED CONTRACT WITH SAME COMPANY​.  Full Article

SBM Offshore Awarded Contract For Statoil's Johan Castberg Turret Mooring System
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Sbm Offshore Nv ::SBM OFFSHORE AWARDED TURNKEY CONTRACT FOR STATOIL'S JOHAN CASTBERG TURRET MOORING SYSTEM.TURRET IS PLANNED TO BE DELIVERED IN MODULES IN EARLY 2020.  Full Article

Sbm Offshore Reaches Resolution With The U.S. Department Of Justice
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - SBM OFFSHORE NV ::SBM OFFSHORE REACHES RESOLUTION WITH THE U.S. DEPARTMENT OF JUSTICE.‍AS PART OF OVERALL RESOLUTION, SBM OFFSHORE USA, INC. A U.S. SUBSIDIARY OF SBM OFFSHORE, PLEADED GUILTY TO A SINGLE COUNT OF CONSPIRACY TO COMMIT A VIOLATION OF U.S. FOREIGN CORRUPT PRACTICES ACT​.‍COMPANY AND SBM OFFSHORE USA, INC. AGREE TO PAY MONETARY PENALTIES IN TOTAL AMOUNT OF US$238 MILLION​.‍AGREEMENTS RELATE TO A CONSPIRACY TO VIOLATE U.S. FOREIGN CORRUPT PRACTICES ACT​.‍RESOLUTION REFERENCES BRAZIL, EQUATORIAL GUINEA, ANGOLA, IRAQ AND KAZAKHSTAN FROM 1996 UNTIL 2012​.‍CO AND SBM OFFSHORE USA AGREE TO PAY MONETARY PENALTIES IN TOTAL AMOUNT OF US$238 MILLION​.‍PAYMENT WILL BE DUE WITHIN TEN BUSINESS DAYS.​.  Full Article

SBM Offshore reaches settlement in Brazil corruption probe

AMSTERDAM, July 27 SBM Offshore has reached a settlement in a long-running corruption investigation it faced in Brazil, allowing the Dutch marine engineering group to take up new business there.