The Government of Nauru and TMC’s subsidiary, Nauru Ocean Resources Inc. (NORI), signed a revised Sponsorship Agreement updating the terms of their agreement signed in 2017The President of Nauru welcomes the new agreement which will ensure that Nauruans will receive benefits from any future development of seafloor mineral resources from NORIThe Republic of Nauru has played a leading role in the development of the seafloor minerals industry, advancing the rights of Developing States to ensure their participa ...

Amsterdam, June 4, 2025 SBM Offshore announces it has signed a Share Purchase Agreement for the full divestment of SBM Offshore’s equity interest in the lease and operating entities of the FPSO Aseng to GEPetrol. The Company’s exit from Equatorial Guinea will take place following an operational transition phase lasting up to 12 months. SBM Offshore’s sale of its participation in the unit in Equatorial Guinea is in line with its strategy to rationalize its Lease & Operate portfolio, as per other recent trans ...

Amsterdam, May 27, 2025 SBM Offshore announces that FPSO Alexandre de Gusmão is formally on hire as of May 24, 2025 after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance. FPSO Alexandre de Gusmão has a processing capacity of 180,000 barrels of oil and 12 million m3 of gas per day. FPSO Alexandre de Gusmão is owned and operated by special purpose companies owned by affiliated companies of SBM Offshore (55%) and its partners (45%). The FPSO will opera ...