Dutch oil and gas services firm SBM Offshore on Thursday reported a higher first-quarter revenue, supported by its turnkey unit, although the results fell slightly short of market estimates.

SBM has also been in a legal tussle with a Mauritius-based lender, Afrasia Bank, which is demanding $7.5 million (Sh971.5 million) of deposits, it says, went down with Chase Bank.

The High Court has rejected a bid by Mauritian multinational SBM Holdings Limited, to stop a court case in which former shareholders of Fidelity Commercial Bank are seeking a compensation of Sh2.5 ...

SBM Offshore and Petrobras have signed an agreement to study the application of carbon capture modules on floating production, storage, and offloading (FPSO) units. The module design is based on ...

September 6, 2024 SBM Offshore announces it has signed two Share Purchase Agreements with its partner MISC Berhad for: i) the total acquisition of MISC Berhad’s entire effective equity interest ...

SBM Offshore is exploring new avenues to secure funding for its floating production, storage and offloading vessels and has signed a framework agreement with the Export-Import Bank of China.

Technip Energies NV and SBM Offshore NV have launched a 50-50 joint venture offering floating offshore wind technologies. Ekwil, the new pure-play company, “brings together unrivaled expertise ...

A SBM release on Thursday stated that staff representatives handed over oral healthcare products to boost the project, which aims to provide essential oral health care support to 600 primary ...

SBM Bank India on Monday announced the appointment of Ashish Vijayakar as the Managing Director & Chief Executive Officer (MD & CEO) of the Bank for a period of 3 years, with effect from February ...

Nigeria has been rated as ‘stable’ by research and risk consultancy firm, SBM Intelligence, in its latest “Africa Country Instability Risk Index”, which assesses political stability risks ...

SBM Offshore NV has been contracted to deliver Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading (FPSO) vessel for Exxon Mobil Corp.’s Whiptail ...

SBM Offshore will design and construct the FPSO using its Fast4Ward program using the company’s seventh new build, Multi-Purpose Floater hull, combined with several standardized topsides modules.