Welcome to our dedicated page for Sbm Offshore news (Ticker: SBFFF), a resource for investors and traders seeking the latest updates and insights on Sbm Offshore stock.
SBM OFFSHORE NV ORD (SBFFF) is a leading company in the offshore oil and gas industry, providing innovative solutions for floating production and mooring systems. With a strong focus on safety, sustainability, and efficiency, SBM OFFSHORE has a global presence and a proven track record of successful projects. The company's recent achievements include securing major contracts, expanding its fleet of vessels, and investing in cutting-edge technology to enhance operations. SBM OFFSHORE's financial stability and strategic partnerships position it as a key player in the market, offering reliable services and pioneering solutions for the energy sector.
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SBM Offshore (SBMO) Announces FPSO Prosperity's First Oil Production
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SBM Offshore (SBMO) completes purchase of FPSO Liza Unity from ExxonMobil Guyana ahead of lease term end, with a total cash consideration of c. US$1.26 billion. The purchase allows ExxonMobil Guyana to assume ownership while SBM Offshore will continue to operate and maintain the FPSO up to 2033. The transaction will decrease SBM Offshore’s net debt position. The FPSO has been on hire since February 2022 and operated through an integrated model combining SBM Offshore and ExxonMobil’s expertise for outstanding operational performance.
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SBM Offshore (SBMO) announces the start of a share repurchase program of 350,000 ordinary shares, costing approximately EUR4.1 million. The program is expected to be completed by December 29, 2023, or sooner, under the authorization granted by the Annual General Meeting. Transactions will be carried out under the safe harbor provisions for share repurchases, with progress updates provided weekly. SBM Offshore is a leading technology provider in the offshore energy industry, committed to a responsible energy transition.
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SBM Offshore (SBMO) reports increased 2023 revenue and EBITDA guidance following new contracts and FPSO purchase option exercise by ExxonMobil Guyana. The company also achieved timely delivery of FPSO Prosperity and successful installation of wind project floaters. Financial overview shows a decrease in directional revenue and an increase in net debt. The company's fleet operational update and progress in new energies are also highlighted.
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SBM Offshore awarded FEED contracts for Whiptail project in Guyana
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SBM Offshore and Mitsubishi Heavy Industries sign Partnership Agreement for CO2 capture solution on FPSOs, reducing emissions by up to 70%
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SBM Offshore reports a record-level pro-forma order book of US$32.2 billion and net cash flow of US$9.5 billion from sales backlog. Revenue for the first half of 2023 decreased by 15% compared to the same period in 2022. EBITDA decreased by 9%. The company has secured over US$3.2 billion in project financing. Two FPSOs are on track for first oil by year-end. The company's strategy as an Energy Transition Company is delivering results.
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FAQ
What is the current stock price of Sbm Offshore (SBFFF)?
The current stock price of Sbm Offshore (SBFFF) is $20.55 as of February 20, 2025.
What is the market cap of Sbm Offshore (SBFFF)?
The market cap of Sbm Offshore (SBFFF) is approximately 3.2B.
What is SBM OFFSHORE NV ORD's core business?
SBM OFFSHORE specializes in providing floating production and mooring systems for the offshore oil and gas industry.
What are some recent achievements of SBM OFFSHORE NV ORD?
SBM OFFSHORE has recently secured major contracts, expanded its fleet, and invested in technology advancements.
How does SBM OFFSHORE NV ORD ensure safety in its operations?
SBM OFFSHORE prioritizes safety in its operations through stringent protocols, training programs, and continuous improvement initiatives.
What is SBM OFFSHORE NV ORD's global presence like?
SBM OFFSHORE has a strong global presence, with operations and projects spanning across various regions.
What sets SBM OFFSHORE NV ORD apart in the industry?
SBM OFFSHORE stands out in the industry due to its focus on sustainability, innovation, and efficiency in delivering offshore solutions.
How does SBM OFFSHORE NV ORD contribute to the energy sector?
SBM OFFSHORE contributes to the energy sector by offering reliable services, pioneering technology, and strategic partnerships.
What is the financial condition of SBM OFFSHORE NV ORD?
SBM OFFSHORE maintains a strong financial position, backed by a history of successful projects and sustainable growth.
How does SBM OFFSHORE NV ORD approach sustainability?
SBM OFFSHORE is committed to sustainability through eco-friendly practices, reducing environmental impact, and promoting responsible operations.
What are some of SBM OFFSHORE NV ORD's key partnerships?
SBM OFFSHORE collaborates with key partners in the industry to drive innovation, enhance capabilities, and deliver value to clients.
What technologies is SBM OFFSHORE NV ORD investing in?
SBM OFFSHORE invests in cutting-edge technologies to improve operational efficiency, enhance safety standards, and drive industry advancements.
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