The Company is pleased to announce that the Turritella joint venture led by SBM Offshore has completed the project financing of FPSO Turritella for a total of US$800 million. Project financing was ...

SBM Offshore has entered an agreement with Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK Line) for the acquisition of a stake in the joint venture companies incorporated for the ...

SBM Offshore announces that Shell E and P Offshore Services B.V. (Shell) has notified the Company of the fact that Shell is exercising its right under the charter agreement to purchase the FPSO ...

InterMoor said it has completed the final tensioning and chain cutting operations on the FPSO Turritella for the Shell Stones project, located in the Walker Ridge protraction area in the Gulf of ...

Anglo-Dutch supermajor wraps up deal to assume operatorship of FPSO at Stones in US Gulf SBM Offshore has completed a transaction to hand off to Shell the operatorship of the floating production, ...

Amsterdam-based SBM Offshore said Tuesday that Shell E and P Offshore Services, a subsidiary of Royal Dutch Shell (RDS.A, RDS.B), has exercised its right under the parties charter agreement to ...

Anglo-Dutch supermajor Shell has exercised its option to buy the Turritella floating production, storage and offloading vessel for $1 billion in cash from a group led by SBM Offshore. Shell said the ...

Royal Dutch Shell has launched its first floating oil production, storage and offloading vessel in the Gulf of Mexico. The facility will operate in 9,500 feet of water, making it the deepest of its ...