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SBM Offshore (SBFFY) provides cutting-edge floating production systems and offshore energy solutions worldwide. This news hub offers investors and industry professionals centralized access to official updates, strategic developments, and operational milestones.
Track critical announcements including FPSO contract awards, project commissioning updates, and technology innovations shaping offshore energy infrastructure. The curated feed includes earnings reports, partnership agreements, and sustainability initiatives relevant to deepwater engineering markets.
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SBM Offshore has announced the completion of its EUR130 million share repurchase program from 2024 and the launch of a new EUR141 million (US$150 million equivalent) program starting April 24, 2025. The completed program resulted in 7,978,332 shares repurchased at an average price of EUR16.29 per share.
The new buyback program aims to reduce share capital and provide shares for management and employee share programs (max US$25 million). Expected to conclude by February 26, 2026, the program will be executed under safe harbor provisions, allowing transactions during closed periods. The remaining repurchased shares will be cancelled.
The 2024 program's final transactions from April 17-23, 2025, saw 136,375 shares purchased at an average price of EUR17.23, totaling EUR2,349,344.
SBM Offshore has reported details of its EUR130 million (US$140 million) share repurchase program for April 10-16, 2025. The program, initially announced at EUR65 million on February 29, 2024, was increased by an additional EUR65 million on August 8, 2024.
As of April 16, 2025, the company has completed 98.19% of the program, repurchasing 7,841,957 shares at an average price of EUR16.28, totaling EUR127,650,637. During the latest reporting period, 239,522 shares were repurchased at an average price of EUR16.59, amounting to EUR3,973,567.
The primary objectives of this share repurchase program are to reduce share capital and provide shares for regular management and employee share programs. All purchases were executed through Euronext Amsterdam, CBOE DXE, and Turquoise.
SBM Offshore has secured a new US$1.1 billion unsecured Revolving Credit Facility (RCF) with a consortium of 13 international banks, replacing its existing US$1.0 billion facility that was set to expire in February 2026. The new facility features:
- A five-year tenor with two one-year extension options
- An uncommitted option to increase by US$500 million
- A dedicated green tranche of US$100 million for eligible projects
As the world's deepwater ocean-infrastructure expert, SBM Offshore will utilize this RCF to finance general corporate purposes and working capital needs during floating production solutions construction. The successful syndication with increased facility size demonstrates strong continued support from global financial institutions.
SBM Offshore (SBFFF) reports progress on its EUR130 million (US$140 million) share repurchase program for April 3-9, 2025. The program, initially announced at EUR65 million on February 29, 2024, and doubled to EUR130 million on August 8, 2024, aims to reduce share capital and provide shares for employee programs.
As of April 9, 2025, the program is 95.14% complete, with EUR123.67 million spent to repurchase 7,602,435 shares at an average price of EUR16.27. In the latest trading week, 224,004 shares were bought at an average price of EUR17.28, totaling EUR3.87 million.
SBM Offshore (SBFFF) held its Annual General Meeting on April 9, 2025, where shareholders approved all proposed resolutions. Key decisions include the re-appointment of Douglas Wood as Management Board member and CFO, and Ingelise Arntsen as Supervisory Board member.
Shareholders approved a cash dividend of EUR150 million, equivalent to EUR0.8606 per ordinary share, payable on May 6, 2025, to shareholders of record as of April 14, 2025. ABN AMRO will execute the dividend payment and offers a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest their net dividend into company shares.
SBM Offshore has announced a significant financial agreement, signing a US$400 million non-recourse sale and leaseback financing for FPSO Cidade de Paraty with a tenor of 8 years. The transaction is set to complete by end of April 2025.
The FPSO is currently owned by a special purpose company, with SBM Offshore holding a 63.125% stake and partners owning 36.875%. Under the new agreement, ownership will transfer to four Chinese leasing companies, while SBM Offshore and partners will continue operations and maintenance for the remaining 8.5 years of the initial charter.
This marks SBM Offshore's first sale and leaseback financing, demonstrating the company's capability to provide innovative long-term financing solutions while maintaining its operational expertise in deepwater ocean infrastructure.
SBM Offshore has reported details of its EUR130 million (US$140 million) share repurchase program for March 27-April 2, 2025. The program, initially announced at EUR65 million on February 29, 2024, was doubled to EUR130 million on August 8, 2024.
As of April 2, 2025, the program has achieved 92.16% completion, with EUR119.8 million spent to repurchase 7,378,431 shares at an average price of EUR16.24. The latest trading week saw 122,017 shares purchased at an average price of EUR19.98, totaling EUR2.44 million.
The primary objectives are to reduce share capital and provide shares for management and employee share programs. All purchases were executed through Euronext Amsterdam, CBOE DXE, and Turquoise exchanges.
SBM Offshore (SBFFF) has provided an update on its share repurchase program worth EUR130 million (approximately US$140 million) for the period March 20-26, 2025. The program, initially announced on February 29, 2024, for EUR65 million and later increased by an additional EUR65 million on August 8, 2024, has two main objectives: reducing share capital and providing shares for management and employee share programs.
The company continues to execute the buyback through Euronext Amsterdam, CBOE DXE, and Turquoise trading platforms. This update is part of regular transaction details disclosure required under Market Abuse Regulation (nr. 596/2014).
SBM Offshore (SBFFF) has reported details of its ongoing share repurchase program worth EUR130 million (approximately US$140 million) for the period March 13-19, 2025. The program, initially announced on February 29, 2024, for EUR65 million and later increased by an additional EUR65 million on August 8, 2024, serves two main objectives: reducing share capital and providing shares for management and employee share programs.
The share purchases were executed through multiple trading venues including Euronext Amsterdam, CBOE DXE, and Turquoise. The company maintains transparency by providing daily transaction details and program progress through its investor relations website.
SBM Offshore (SBFFF) has reported details of its ongoing share repurchase program worth EUR130 million (approximately US$140 million) for the period March 6-12, 2025. The program, initially announced on February 29, 2024, for EUR65 million and subsequently increased by another EUR65 million on August 8, 2024, serves two main objectives: reducing share capital and providing shares for management and employee share programs.
The share purchases were executed through multiple trading venues including Euronext Amsterdam, CBOE DXE, and Turquoise. The company, which specializes in deepwater ocean-infrastructure and employs over 7,800 people globally, continues to provide regular updates on the program's progress through its investor relations section.
