Latest news with #FPSO
Yahoo
a day ago
- Business
- Yahoo
SBM Offshore signs an operations and maintenance contract for FPSO GranMorgu with TotalEnergies
Amsterdam, June 19, 2025 SBM Offshore announces that it has signed an operations and maintenance contract with TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies, for the FPSO GranMorgu, as part of the field development project located in Block 58 in Suriname. The operations and maintenance contract covers the operation readiness phase before first oil as well as the operations and maintenance services for a minimal period of two years after first oil with extension options. This contract reinforces SBM Offshore's long-term strategic partnership with TotalEnergies and marks a significant milestone as SBM Offshore becomes the first FPSO operator in Suriname. It is a testimony to SBM Offshore's focus on excellence throughout the entire project's lifecycle, from the allocation of our eighth Fast4Ward® MPF hull to our extensive experience in asset management supporting TotalEnergies' operations. Corporate Profile SBM Offshore is the world's deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy. More than 7,800 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with further information, please visit our website at Financial Calendar Date Year Half Year 2025 Earnings August 7 2025 Third Quarter 2025 Trading Update November 13 2025 Full Year 2025 Earnings February 26 2026 Annual General Meeting April 15 2026 First Quarter 2026 Trading Update May 7 2026 For further information, please contact: Investor Relations Wouter HoltiesCorporate Finance & Investor Relations Manager Phone: +31 (0)20 236 32 36 E-mail: Website: Media Relations Giampaolo ArghittuHead of External Relations Phone: +31 (0)6 212 62 333 / +39 33 494 79 584 E-mail: Website: Market Abuse Regulation This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Disclaimer Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as 'expect', 'should', 'could', 'shall' and / or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the 'Impacts, Risks and Opportunities' section of the 2024 Annual Report. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company's business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise. This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the 2024 Annual Report, available on our website Annual Reports - SBM Offshore. Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release 'SBM Offshore' and 'SBM' are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies. "SBM Offshore®", the SBM logomark, 'Fast4Ward®', 'emissionZERO®' and 'F4W®' are proprietary marks owned by SBM Offshore. Attachment SBM Offshore signs an operations and maintenance contract for FPSO GranMorgu with TotalEnergiesError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
2 days ago
- Automotive
- Time of India
TOYO and MODEC officially open GCC in Bengaluru; set to hire 750 employees over three years
Strategic Expansion Strengthens Global Operations and Engineering Capabilities Focused on FEED, Procurement, and FPSO Project SupportOFS India is spanned across approx. 1,00,000 in Indiranagar Toyo Engineering Corporation (Toyo Japan) and MODEC, Inc. (MODEC) announced today the official opening of their Global Capability Center (GCC), TOYO MODEC OFS India Private Limited (OFS India) in Bengaluru, India. OFS India is a joint venture company of Toyo Engineering India Private Limited (Toyo India), a subsidiary of Toyo Japan and Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company. The new center marks a significant milestone in the companies' global growth strategy, enhancing their ability to deliver innovation, operational excellence, and scalable services across international markets. 'Our journey to this day has been marked by a shared vision of innovation, excellence, and a commitment to creating value for our customers and stakeholders. This joint venture is a reflection of our collective belief in the power of collaboration and the limitless possibilities that arise when we combine our strengths and expertise,' said Eiji Hosoi, President & CEO, Toyo Japan. Strategically located in the heart of Bengaluru—India's Silicon Valley—the GCC is designed to nurture a collaborative, high-performance culture with a focus on innovation, sustainability, and continuous improvement. 'By establishing a presence here, we are embracing an environment that encourages innovation, agility, and collaboration—qualities essential to meeting the increasingly complex and sophisticated needs of our FPSO projects. This will help us scale with speed, maintain execution quality, and deliver smarter, more efficient solutions to our global clients,' said Hirohiko Miyata, President & CEO, MODEC. Occupying approximately 100,000 sq ft on the 7th floor of Godrej Centre Indiranagar, Bengaluru, the GCC is set to create numerous high-value job opportunities in engineering, procurement and comprehensive support for Floating Production Storage and Offloading (FPSO) projects. OFS India currently employs nearly 200 Indian professionals, with plans to expand its local workforce to 750 within the next three years. The opening ceremony was officiated by His Excellency Mr Nakane Tsutomu, Consul General of Japan in Bengaluru, who welcomed TOYO and MODEC's investment as a testament to the value of India's capabilities and global outlook. He said, 'Japan and India's long term economic ties have continued to flourish across sectors such as infrastructure, technology and manufacturing. The establishment of OFS has added a feather to the cap of Japan-Karnataka collaborations in the niche field of oil production and offshore industry. Bengaluru in particular, stands as a symbol of India's technological prowess, digital expertise and global outlook. It is the most coveted location for GCCs in India, hosting some of the world's best companies. A large number of Japanese GCCs are expanding their operation in Bengaluru, signaling a new era of cooperation between Japan and India. Bengaluru can also provide an abundance of engineers with expertise in oil production facilities. With this center, OFS India will create valuable employment opportunities, support the growth of local industries, and drive offshore energy projects.' The event was attended by senior leaders from TOYO and MODEC's global and regional teams, along with industry guests, partners, and employees.
Asharq Al-Awsat
7 days ago
- Business
- Asharq Al-Awsat
UK's Energean Suspends Production Offshore Northern Israel
British gas producer Energean said on Friday it has temporarily suspended the production and activities of its power floating production storage and offloading (FPSO) located offshore Northern Israel due to the geopolitical escalation in the Middle East. Israel launched widescale strikes against Iran on Friday, prompting a retaliation from Iran. The company, which has operations in Israel, Egypt, and European countries, said it got a notice from Israel's Ministry of Energy and Infrastructure ordering the suspension. "All production activities have now been temporarily suspended and notices have been issued to Energean's customers and other stakeholders," Reuters quoted the company as saying in a statement. A spokesperson for Energean said the power FPSO contributes a "significant" amount to the group's total output. Shares in Energean were down 6.9% at 0808 GMT.
United News of India
7 days ago
- Automotive
- United News of India
TOYO, MODEC inaugurate Global Capability Centre in Bengaluru
Bengaluru, Jun 13 (UNI) Toyo Engineering Corporation (Toyo Japan) and MODEC, Inc (MODEC) on Friday announced the inauguration of their joint Global Capability Centre (GCC), TOYO MODEC OFS India Private Limited (OFS India) here, marking a key milestone in their global expansion and innovation strategy. OFS India is a joint venture between Toyo Engineering India Private Limited (Toyo India), a subsidiary of Toyo Japan, and Offshore Frontier Solutions Pte. Ltd. (OFS), part of the MODEC Group. The newly inaugurated GCC is located in Godrej Centre and will focus on engineering and procurement services for Floating Production Storage and Offloading (FPSO) projects. "This joint venture is a reflection of our belief in the power of collaboration and the possibilities that arise when we combine our strengths," said Eiji Hosoi, President & CEO of Toyo Japan. He added that the venture aims to deliver innovation and value to global customers. Strategically located in Bengaluru, often dubbed India's Silicon Valley, the centre spans approximately 100,000 sq ft and currently employs around 200 Indian professionals, with plans to scale up to 750 over the next three years. "By establishing a presence here, we are embracing an environment that encourages innovation and agility, critical for the complexity of our FPSO projects," said Hirohiko Miyata, President & CEO, MODEC. The inauguration ceremony was graced by His Excellency Nakane Tsutomu, Consul General of Japan in Bengaluru, who lauded the investment as a symbol of the deepening economic ties between Japan and India. "Bengaluru stands as a symbol of India's technological strength and global orientation. The establishment of OFS India strengthens Indo-Japanese cooperation in the niche domain of offshore oil production," he said. The GCC is expected to create numerous high-value job opportunities and contribute to the growth of local industries by supporting offshore energy projects with advanced technological solutions. Senior executives from Toyo and MODEC, industry partners, and employees attended the event. UNI BDN GNK
Hans India
13-06-2025
- Automotive
- Hans India
TOYO and MODEC Officially Open Global Capability Center in Bengaluru; set to hire 750 employees over three years
Bengaluru Toyo Engineering Corporation (Toyo Japan) and MODEC, Inc. (MODEC) announced today the official opening of their Global Capability Center (GCC), TOYO MODEC OFS India Private Limited (OFS India) in Bengaluru, India. OFS India is a joint venture company of Toyo Engineering India Private Limited (Toyo India), a subsidiary of Toyo Japan and Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company. The new center marks a significant milestone in the companies' global growth strategy, enhancing their ability to deliver innovation, operational excellence, and scalable services across international markets. 'Our journey to this day has been marked by a shared vision of innovation, excellence, and a commitment to creating value for our customers and stakeholders. This joint venture is a reflection of our collective belief in the power of collaboration and the limitless possibilities that arise when we combine our strengths and expertise,' said Eiji Hosoi, President & CEO, Toyo Japan. Strategically located in the heart of Bengaluru—India's Silicon Valley—the GCC is designed to nurture a collaborative, high-performance culture with a focus on innovation, sustainability, and continuous improvement. 'By establishing a presence here, we are embracing an environment that encourages innovation, agility, and collaboration—qualities essential to meeting the increasingly complex and sophisticated needs of our FPSO projects. This will help us scale with speed, maintain execution quality, and deliver smarter, more efficient solutions to our global clients,' said Hirohiko Miyata, President & CEO, MODEC. Occupying approximately 100,000 sq ft on the 7th floor of Godrej Centre Indiranagar, Bengaluru, the GCC is set to create numerous high-value job opportunities in engineering, procurement and comprehensive support for Floating Production Storage and Offloading (FPSO) projects. OFS India currently employs nearly 200 Indian professionals, with plans to expand its local workforce to 750 within the next three years. The opening ceremony was officiated by His Excellency Mr Nakane Tsutomu, Consul General of Japan in Bengaluru, who welcomed TOYO and MODEC's investment as a testament to the value of India's capabilities and global outlook. He said, 'Japan and India's long term economic ties have continued to flourish across sectors such as infrastructure, technology and manufacturing. The establishment of OFS has added a feather to the cap of Japan-Karnataka collaborations in the niche field of oil production and offshore industry. Bengaluru in particular, stands as a symbol of India's technological prowess, digital expertise and global outlook. It is the most coveted location for GCCs in India, hosting some of the world's best companies. A large number of Japanese GCCs are expanding their operation in Bengaluru, signaling a new era of cooperation between Japan and India. Bengaluru can also provide an abundance of engineers with expertise in oil production facilities. With this center, OFS India will create valuable employment opportunities, support the growth of local industries, and drive offshore energy projects.' The event was attended by senior leaders from TOYO and MODEC's global and regional teams, along with industry guests, partners, and employees.
