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SBM Offshore NV (SBMO.AS)

SBMO.AS on Amsterdam Stock Exchange

15.90EUR
2:50pm IST
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€0.12 (+0.73%)
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€15.78
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€16.17
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Latest Key Developments (Source: Significant Developments)

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 2017 directional revenue down at 1,25 billion dollars‍​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - SBM OFFSHORE NV ::YTD 2017 DIRECTIONAL REVENUE IN LINE WITH MANAGEMENT EXPECTATIONS AT US$1,254 MILLION‍​.REITERATING ITS 2017 DIRECTIONAL REVENUE GUIDANCE OF AROUND US$1.7 BILLION‍​.ALSO REITERATES ITS UNDERLYING DIRECTIONAL EBITDA GUIDANCE OF ABOVE US$750 MILLION.NET DEBT AT SEPT. 30, AT EUR 2.6 BILLION VERSUS EUR 3.1 BILLION AT DEC 31, 2016​.  Full Article

SBM Offshore says $238 mln provision for legacy issues based on advanced discussions with U.S. DOJ
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Sbm Offshore NV :SBM Offshore update on legacy issues.SBM Offshore NV-‍provision of $238 million based on advanced discussions with U.S. DOJ in relation to their reopened investigation into legacy issues, Unaoil​.  Full Article

SBM Offshore updates on status of leniency agreement
Friday, 2 Sep 2016 

SBM Offshore NV : Update on status of leniency agreement . Fifth chamber of Brazilian federal prosecutor service has not approved leniency agreement signed by Brazilian authorities, Petrobras and SBM Offshore .Company is seeking clarification on decision and will update market accordingly.  Full Article

SBM Offshore comments on tender conditions - conf call
Thursday, 11 Aug 2016 

SBM Offshore NV : Says when market is down, tender conditions can become unbearable; says it will not take risks which could put company at risk - conference call Further company coverage: [SBMO.AS] (Gdynia Newsroom:) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).  Full Article

SBM Offshore H1 underlying profit down, announces new CFO
Wednesday, 10 Aug 2016 

SBM Offshore NV : H1 directional revenue $939 million versus $954 million in Reuters poll . H1 directional EBITDA $327 million versus $336 million in Reuters poll . H1 directional backlog $18.0 billion versus $18.9 billion on Dec. 31 . H1 directional underlying profit attributable to shareholders $66 million versus $51 million in Reuters poll . First half 2016 lease & operate fleet uptime performance was 95 pct . Revenue contribution from new additions to lease & operate fleet has allowed company to commence generating positive free cash flow in H1 . Proportional net debt at end of June reduced by $68 million to $3.1 billion . P.M. Van Rossum will retire as management board member and Chief Financial Officer (CFO) . Supervisory board nominates Mr. D.H.M. Wood as management board member and CFO . FPSO Turritella (US Gulf of Mexico): vessel is on location in the US Gulf of Mexico and the United States Coast Guard’S Certificate of Compliance was issued on July 29, 2016 . Reiterates its 2016 guidance and announces initiation of a 150 million euros ($167.6 million) share repurchase program . Positive free cash flow is expected to be continued over remainder of 2016 . Expectations for low order intake in 2016 and 2017 remain unchanged . FY 2016 directional capital expenditure for the three finance lease vessels under construction has been revised from approximately $90 million to approximately $70 million.  Full Article

SBM Offshore to propose D.H.M Wood's appointment to board for 4 years
Wednesday, 10 Aug 2016 

Sbm Offshore Nv : To hold general meeting where it will be proposed that d h m wood will be appointed as management board member for 4 years until 2021 agm . During egm of november 30, 2016 p m van rossum will step down as management board member and cfo .Wood has worked at royal dutch shell plc since 1993; wood most recently as cfo of showa shell sekiyu k.k. In japan.  Full Article