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Sbm Offshore - SBFFY STOCK NEWS

Welcome to our dedicated page for Sbm Offshore news (Ticker: SBFFY), a resource for investors and traders seeking the latest updates and insights on Sbm Offshore stock.

SBM Offshore NV ADR (SBFFY) is a global leader in providing floating production solutions to the offshore energy industry. The company specializes in designing, building, and operating offshore oil and gas production facilities, including FPSO vessels and Turret mooring systems. With a strong track record of successful projects worldwide, SBM Offshore continues to innovate and expand its portfolio to meet the evolving needs of the industry.

SBM Offshore's core business involves delivering integrated EPCI (Engineering, Procurement, Construction, and Installation) solutions for deepwater oil and gas developments. The company's expertise in project management, engineering, and technology ensures the successful execution of complex offshore projects. SBM Offshore is committed to sustainable operations, prioritizing safety, efficiency, and environmental responsibility in all its endeavors.

Recent achievements include the successful completion and delivery of key projects in various regions, strengthening SBM Offshore's position as a trusted partner in the offshore energy sector. The company's strong financial performance reflects its operational excellence and strategic focus on delivering value to customers and shareholders.

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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 has successfully conducted its Annual General Meeting on April 13, 2023, with all resolutions adopted. Key outcomes include the appointment of Allard Castelein to the Supervisory Board and shareholder approval for a cash dividend of US$1.10 per ordinary share. The dividend will be disbursed in Euros at a conversion rate of 1.1045, amounting to €0.9959 per ordinary share, payable on May 11, 2023, to shareholders recorded by April 18, 2023. ABN AMRO will manage the dividend payment and offers a Dividend Reinvestment Plan (DRIP) for shareholders who wish to reinvest their dividends into company shares. For more details, visit SBM Offshore's website.

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SBM Offshore has successfully secured project financing of US$1.63 billion for the FPSO Almirante Tamandaré, aided by a consortium of 13 international banks and covered by 4 Export Credit Agencies (ECA). The financing encompasses five facilities with a weighted average cost of debt around 6.3% and a maturity period of 14 years post-completion. The FPSO, designed with SBM Offshore’s Fast4Ward® hull, will be Brazil's largest oil-producing unit, boasting a capacity of 225,000 barrels of oil and 12 million m³ of gas per day. It will operate under a 26.25-year contract with Petrobras at the Búzios field.

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FAQ

What is the current stock price of Sbm Offshore (SBFFY)?

The current stock price of Sbm Offshore (SBFFY) is $17.9 as of February 3, 2025.

What is the market cap of Sbm Offshore (SBFFY)?

The market cap of Sbm Offshore (SBFFY) is approximately 3.2B.

What is SBM Offshore's primary focus?

SBM Offshore specializes in providing floating production solutions to the offshore energy industry, including FPSO vessels and Turret mooring systems.

What does EPCI stand for in SBM Offshore's operations?

EPCI stands for Engineering, Procurement, Construction, and Installation, representing SBM Offshore's integrated solutions for deepwater oil and gas developments.

How does SBM Offshore ensure project success?

SBM Offshore leverages its expertise in project management, engineering, and technology to ensure the successful execution of complex offshore projects.

What are some recent achievements of SBM Offshore?

SBM Offshore has recently completed and delivered key projects worldwide, solidifying its position as a trusted partner in the offshore energy sector.

What values guide SBM Offshore's operations?

SBM Offshore prioritizes safety, efficiency, and environmental responsibility in all its endeavors, reflecting its commitment to sustainable operations.

How does SBM Offshore contribute to the offshore energy industry?

SBM Offshore's innovative solutions and operational excellence contribute significantly to the development and advancement of the offshore energy industry.

What sets SBM Offshore apart from its competitors?

SBM Offshore's strong track record of successful projects, commitment to sustainability, and focus on value delivery distinguish it as a global leader in floating production solutions.

What is SBM Offshore's approach to project management?

SBM Offshore adopts a comprehensive approach to project management, encompassing planning, execution, and monitoring to ensure the timely and efficient delivery of projects.

How does SBM Offshore prioritize safety in its operations?

SBM Offshore places a high priority on safety in all its operations, implementing rigorous safety protocols and best practices to protect its employees, customers, and the environment.

What is SBM Offshore's vision for the future?

SBM Offshore aims to continue driving innovation, sustainability, and excellence in its operations, contributing to the growth and success of the offshore energy industry.

How does SBM Offshore ensure environmental responsibility?

SBM Offshore integrates environmental responsibility into its operations, adopting sustainable practices and technologies to minimize its ecological footprint.
Sbm Offshore

OTC:SBFFY

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SBFFY Stock Data

3.23B
153.62M
Oil & Gas Equipment & Services
Energy
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Netherlands
Schiphol