27 February 2026
27 February 2026
For 2026, SBM Offshore has set a directional revenue guidance baseline of around $6.5bn (€5.5bn), a projected 28% increase from 2025.
Under the LoI, TotalEnergies will buy 2mtpa of LNG for more than 20 years.
The deal is expected to boost the company’s current operations by adding nearly 62mcfe/d of production.
The Italian oil major’s full-year 2025 adjusted net profit before taxes fell to €9.2bn ($10.86bn), down 17% from €11.1bn in 2024.
After cancelling the agreement, Saipem said it may pursue legal action in any forum to protect its interests.
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