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The closure of an old insurance case and the sale of an FPSO vessel benefited Dutch SBM Offshore in the third quarter. The company upwardly adjusts expectations for the year slightly.
SBM Offshore's earnings grew in the first half of the year, partly due to the sale of an FPSO vessel. At the same time, the company expects the recovery in the offshore market to continue.
Dutch firm SBM Offshore is still dealing with the aftermath of a protracted bribery case, working with the Brazilian federal prosecutor to find a solution. Now the prosecutor will target payments, says the company.
Shipbuilder Keppel in Singapore has won a large order from SBM Offshore to convert a VLCC supertanker into an FPSO that will be used to produce 120,000 barrels of oil daily.
Although oil companies have cut down costs and it has become cheaper to produce oil from several fields, the industry continues to hesitate on investing, says offshore supplier SBM Offshore in its second quarter report.
The Dutch offshore company has reached a settlement with a majority group of insurers in the case related to damaged drilling rig Yme, which resulted in large costs for SBM Offshore.
An all-time low oil and gas market hits Dutch SBM Offshore in 2016, a year which saw revenue and the profit take a step back. The company projects a weak and gradual market improvement in the medium and long term.
A court has approved a settlement between the CEO of Dutch offshore company SBM Offshore and the Brazilian prosecutor in a bribery case, though SBM Offshore has denied the charges of bribery throughout the process.
SBM Offshore's CEO Bruno Chabas and a board member reject accusations by Brazilian prosecutor, but they will each pay a figure to close the case, informs SBM Offshore on Monday.
SBM Offshores topchef Bruno Chabas og et bestyrelsesmedlem afviser beskyldninger fra brasiliansk anklager, men betaler hver især et beløb for at lukke sagen. Det oplyser SBM Offshore mandag morgen.
Maersk is just one of several companies suspected of having used bribes in the large-scale scandal surrounding Brazil's state-owned oil company Petrobras. Dutch SBM Offshore is another.
Maersk er blot et af mange selskaber, der er under anklage for at have anvendt bestikkelse i den massive skandale om det statsejede brasilianske olieselskab Petrobras. Hollandske SBM Offshore er et andet. Politiet vil ikke kommentere, om der er andre danske selskaber involveret. (Opdateret med svar fra Maersk, red.).
Dutch SBM Offshore declined on revenue as well as order intake in the first quarter. In line with expectations in a difficult market, says the company, which also announces additional layoffs.
Hollandske SMB Offshore gik tilbage på både omsætning og nye ordrer i første kvartal. Det passer med forventningerne i et presset marked, lyder det fra selskabet, der samtidig skærer yderligere i medarbejderstaben.
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