SBM Offshore sees earnings surge despite Covid-19 headwinds

Floater giant attributes earnings rise to robust lease and operate division, with revenue boosted by increased stake in Brazilian floaters and Guyana first oil

Defiant: SBM Offshore chief executive Bruno Chabas at Shanghai Waigaoqiao Shipbuilding (SWS) in China — Defiant: SBM Offshore chief executive Bruno Chabas at Shanghai Waigaoqiao Shipbuilding (SWS) in ChinaPhoto: XU YIHE/UPSTREAM

Gareth Chetwynd

London

SBM Offshore Bruno Chabas Guyana Europe Western Europe

Published 6 August 2020, 06:30Updated 6 August 2020, 06:56