SBM Offshore NV (SBMO.AS)
12 Dec 2017
* SBM OFFSHORE REACHES RESOLUTION WITH THE U.S. DEPARTMENT OF JUSTICE
WASHINGTON SBM Offshore NV , a Netherlands-based maker of offshore oil drilling equipment, and its U.S. subsidiary, SBM Offshore USA Inc, agreed to settle criminal charges of bribing officials in five countries and pay a $238 million penalty, the U.S. Justice Department said on Wednesday.
Nov 9 Two former executives at Dutch oil services company SBM Offshore NV have pleaded guilty to U.S. charges that they participated in a scheme to bribe officials at three foreign state-run oil companies, including Brazil's Petrobras.
AMSTERDAM Marine engineering group SBM Offshore said a Brazilian investigation into its role in corruption cases had not been resolved and set aside an additional $238 million provision on Monday to cover costs from an unexpected U.S. inquiry.
* Takes additional provision for U.S. settlement (Updates after conference call; shares drop 10 pct)
BRIEF-SBM Offshore says $238 mln provision for legacy issues based on advanced discussions with U.S. DOJ
* 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 Source text for Eikon: Further company coverage:
AMSTERDAM, Nov 6 SBM Offshore, the marine engineering firm that paid $240 million to Dutch authorities to settle a Latin American bribery case in 2014, said on Monday it had taken a new $238 million provision to settle a related case with U.S. authorities, as well as another linked to its relationship with Monaco-based Unaoil.
* H1 directional revenue of US$835 million, a decrease of 11 pct compared to same period last year
AMSTERDAM, Aug 9 Dutch offshore engineering company SBM Offshore said on Wednesday it beat expectations with first-half results lifted by higher investment in deep sea projects.
July 17 Dutch oil industry services group SBM Offshore and Spanish energy firm Repsol will share an insurance payment of $247 million, less legal costs, related to a troubled Norwegian offshore project, SBM said on Monday.