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Sbm Offshore - SBFFF STOCK NEWS

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 (SBFFF) delivers cutting-edge floating production solutions for the global energy sector. This page provides investors and industry professionals with centralized access to official announcements, financial disclosures, and operational updates.

Track key developments including FPSO contract awards, earnings reports, and strategic partnerships. Our curated news feed ensures timely updates on engineering milestones, regulatory compliance achievements, and market positioning shifts specific to SBM Offshore's offshore energy operations.

Discover updates across critical categories: quarterly financial results, new project deployments, technology innovations in floating production systems, and sustainability initiatives. All content is verified through primary sources to maintain accuracy and relevance for decision-makers.

Bookmark this page for streamlined monitoring of SBM Offshore's operational progress and industry leadership in FPSO solutions. Check regularly for unfiltered access to the company's latest official communications and technical advancements.

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SBM Offshore (Ticker: SBMO) Reports Share Repurchase Program Details, Completing 51.86% of the Program. The company repurchased 350,000 shares under the program announced on November 9, 2023, aiming to meet obligations from regular management and employee share programs. The repurchase details and progress can be accessed via the Investor Relations section of the Company's website. The average purchase price per share was EUR 12.29.
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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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Sbm Offshore

OTC:SBFFF

SBFFF Rankings

SBFFF Stock Data

3.84B
132.00M
22.05%
43.9%
Oil & Gas Equipment & Services
Energy
Link
Netherlands
Schiphol