SBM Offshore, a global leader in floating production solutions for the oil and gas industry, has signed Share Purchase Agreements with Malaysian energy giant MISC Berhad. These agreements pertain to the sale of SBM Offshore’s equity interests in certain floating production storage and offloading (FPSO) units. The transaction signifies a significant step in SBM Offshore’s […]
SBM Offshore has officially announced the contract award by ExxonMobil Guyana Limited (EMGL) for the construction and installation of the Floating Production Storage and Offloading (FPSO) unit, named FPSO Jaguar, for the Whiptail development project. This strategic move follows the successful completion of front-end engineering and design studies, necessary governmental approvals, and a final investment […]
SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have successfully completed a significant transaction involving the FPSO Liza Unity. The deal, finalized ahead of the February 2024 lease term end, is valued at approximately US$1.26 billion. Details of the Transaction The transaction allows ExxonMobil Guyana to assume ownership of the FPSO Liza […]
SBM Offshore announced its awarding of contracts for the Front End Engineering and Design (FEED) of a Floating Production, Storage, and Offloading vessel (FPSO) for the notable Whiptail development project in Guyana. Pending governmental nods and final investment decisions by ExxonMobil Guyana Limited, SBM Offshore will helm the construction and installation of the FPSO. Project […]