Lock in supplier timelines as long‑lead offshore awards firm up

Douglas Wood, CFO of SBM Offshore, commented: “We welcome the signing of the project financing of FSO Chalchi, marking our first transaction combining commercial banks, institutional investors and support from an export credit agency. “This financing structure demonstrates SBM Offshore’s ability to deliver innovative, long-term funding solutions for our clients and provides a scalable solution for potential new lease and operate projects

Home Fossil Energy SBM Offshore puts $465 million financing in place for Gulf of Mexico-destined FSO June 30, 2026, by Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has secured multimillion-dollar financing for a newbuild floating storage and offloading (FSO) unit, which will be deployed at a deepwater oil project off the coast of Mexico, North America. Trion development concept; Source: Woodside SBM Offshore has signed the p

The FSO Chalchi, which is currently under construction, will be operated under 20-year lease and operate contracts with Woodside Energy through its affiliate in Mexico

According to the French firm, the project will involve one of the thickest thermal insulation systems ever implemented in the subsea industry, reaching up to 120 mm of glass syntactic polypropylene (GSPP) insulation thickness. “This contract is a strong recognition of Vallourec’s unique expertise in complex offshore line pipe projects and advanced thermal insulation solutions,” said Philippe Guillemot, Chairman of the Board of Directors and Chief Executive Officer of the Vallourec Group

Source: Vallourec Vallourec will supply over 26,000 tons of seamless carbon steel line pipes, representing approximately 210 kilometers of pipeline, including advanced solutions with heavy thermal insulation coating for the Greater PAJ project, described as Angola’s first integrated cross-block development

Source: Vallourec Vallourec will supply over 26,000 tons of seamless carbon steel line pipes, representing approximately 210 kilometers of pipeline, including advanced solutions with heavy thermal insulation coating for the Greater PAJ project, described as Angola’s first integrated cross-block development. The line pipe solutions will be delivered for production lines, service lines, water injection lines and gas export lines

Fast4Ward FPSO design; Source: SBM Offshore The three players have inked a contract for the construction of the seventh MPF, which features SBM Offshore’s Fast4Ward proprietary generic standard hull design for floating production, storage, and offloading (FPSO) vessels, with a storage capacity up to 2

“As this represents our 7th FPSO hull project for SBM, our team is fully committed to leveraging our premier shipbuilding capabilities and lean management principles to deliver this vessel with the highest quality, safety, and environmental standards, continuing to create long-term value for both organizations. ” This hull order comes shortly after SBM Offshore disclosed a shareholders’ agreement with Nippon Yusen Kabushiki Kaisha to divest a 45% ownership interest in the special purpose companies related to th

Home Fossil Energy SBM Offshore places order for 13th multi-purpose floater hull to bolster its FPSO fleet June 29, 2026, by Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has signed off on the construction of its seventh generic Fast4Ward multi-purpose floater (MPF7) hull with Shanghai Waigaoqiao Shipbuilding (SWS) and China Shipbuilding Trading Co

The development is anticipated to unlock the full productivity of the Central fields and reduce unit production cost and carbon emissions. The prepayment structure of the GSA will directly support Santos’ capex investment in the MCO project, which is planned to be delivered over three years

The prepayment structure of the GSA will directly support Santos’ capex investment in the MCO project, which is planned to be delivered over three years

The prepayment structure of the GSA will directly support Santos’ capex investment in the MCO project, which is planned to be delivered over three years. Kevin Gallagher, Santos’ Managing Director and Chief Executive Officer, highlighted: “This agreement helps secure affordable domestic gas supply for South Australian industry to 2040 and enables Santos to invest in the long-term future of the Cooper Basin

Illustration; Source: Shell Chiyoda has signed an enterprise framework agreement (EFA) for engineering and procurement services with Shell to support potential future projects globally, building on the duo’s existing collaboration that enables the Japanese firm to lend the UK player a hand on major projects worldwide for over 50 years. This EFA, which is perceived to establish a flexible framework that supports timely access to Chiyoda’s engineering and procurement expertise as project needs emerge, draws on t

Home Fossil Energy Shell puts Chiyoda on support duty for potential upcoming projects June 29, 2026, by Shell Global Solutions International, a subsidiary of the UK-headquartered energy giant Shell, has hired Japan’s engineering player Chiyoda Corporation to handle engineering and procurement work for its potential future projects around the globe. Illustration; Source: Shell Chiyoda has signed an enterprise framework agreement (EFA) for engineering and procurement services with Shell to support potential futur

The agreement is designed to enable faster mobilization and enhanced integration between the two companies, supporting improved cost and schedule confidence, enhancing project execution predictability, and enabling the UK giant to respond more effectively to evolving market and project conditions