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Brazil Prosecutors Uphold Rejection of SBM Leniency Deal

Dutch oil-ship lessor SBM Offshore NV said on Thursday that Brazilian prosecutors have confirmed their Sept. 1 decision to reject a $328.2 million leniency deal to avoid prosecution for corruption related to contracts with state-led oil company Petrobras.
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SBM Offshore Slumps On Hefty Charge For Cost Overruns

Vehicles / Watercraft : gCaptain

AMSTERDAM (Dow Jones)–SBM Offshore NV’s (SBMO.AE) shares slumped Thursday after the Dutch oil services company booked a $450 million charge related to increased costs at a pairContinue Reading »

Brazil Gives SBM Ultimatum in $250M Bribery Settlement

Vehicles / Watercraft : MarineLink.com

Brazil has told Dutch SBM Offshore NV, the world's top oil production ship leaser, to agree soon to a $250 million bribery settlement if it wants to regain its

Brazil Prosecutors Charge 12 in SBM Offshore Graft Scheme

Vehicles / Watercraft : MarineLink.com

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Brazil Charges 12 in SBM Offshore Bribery Scheme

Vehicles / Watercraft : gCaptain

RIO DE JANEIRO, Dec 17 (Reuters) – Brazilian prosecutors on Thursday charged 12 people with a bribery scheme involving Dutch firm SBM Offshore NV, the world’s top leaser of oil production ships, and state oil firm Petroleo Brasileir...

SBM Offshore Reaches Leniency Deal in Brazil

Vehicles / Watercraft : gCaptain

By Elco van Groningen (Bloomberg) — SBM Offshore NV, a Dutch oil-services provider, rose the most in nine months in Amsterdam trading after reaching a leniency deal with Brazilian authorities following a corruption investigation. SB...

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