SBM OFFSHORE NV ADR - SBFFY STOCK NEWS

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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.

04/30/2024 12:57 PM

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Weekly share repurchase program transaction details

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SBM Offshore has reported transaction details related to its EUR65 million share repurchase program for the period April 25, 2024, through April 30, 2024. The repurchase program aims to reduce share capital, with a total repurchase amount of EUR 65,000,000 and a cumulative repurchase amount of EUR 13,440,301. The company has repurchased 943,205 shares at an average price of EUR 14.25. The progress of the program can be accessed on the company's website. SBM Offshore designs, builds, installs, and operates offshore floating facilities for the energy industry, focusing on a responsible energy transition.

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04/24/2024 12:48 PM

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Weekly share repurchase program transaction details

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SBM Offshore has reported the transaction details related to its EUR65 million share repurchase program, revealing a cumulative repurchase amount of EUR 11,357,288 and a cumulative quantity repurchased of 796,226 shares. The company aims to reduce its share capital through this program. The latest transactions from April 18 to April 24, 2024, show an average repurchase price of EUR 14.44 per share. Overall, the share repurchase program is 17.47% completed. SBM Offshore designs, builds, installs, and operates offshore floating facilities for the energy industry, emphasizing a responsible energy transition. The company's financial calendar includes upcoming important dates for investors. For more information, contact Investor Relations or visit the company's website.

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04/17/2024 12:29 PM

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Weekly share repurchase program transaction details

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SBM Offshore reports the transaction details of its EUR65 million share repurchase program for the period April 11, 2024, to April 17, 2024. The program aims to reduce share capital, with a total repurchase amount of EUR 65,000,000 and a cumulative repurchase amount of EUR 9,665,366. The company has repurchased 679,028 shares at an average price of EUR 14.23. The progress of the program can be tracked on the company's website. The last 5 trading days show varying quantities repurchased and average purchase prices. SBM Offshore is a leading technology provider in the offshore energy industry, focusing on a responsible energy transition. Financial updates and earnings reports are scheduled throughout the year.

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04/17/2024 12:13 PM

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SBM Offshore signs a US$250 million short-term corporate facility

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SBM Offshore secures a US$250 million term loan facility to finance FPSO construction activities, with a twelve-month tenor and extension option. The company designs, builds, installs, and operates offshore floating facilities for the energy industry, focusing on a responsible energy transition. Financial calendar and contact information provided for further details.

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04/15/2024 07:33 AM

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Annual General Meeting 2024 Resolutions (correction of dividend record date)

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SBM Offshore corrects dividend record date and announces resolutions from the Annual General Meeting 2024, including the appointment of Patrick Jager to the Supervisory Board and a cash dividend of US$150 million. Shareholders will receive US$0.8336 per ordinary share or €0.7651 per ordinary share on May 10, 2024. ABN AMRO will handle dividend payments and offer a Dividend Reinvestment Plan (DRIP) for shareholders.

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04/12/2024 08:55 AM

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Annual General Meeting 2024 Resolutions

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SBM Offshore announces successful adoption of resolutions at Annual General Meeting, appoints new board member and declares cash dividend. Shareholders to receive US$0.8336 per ordinary share on May 10, 2024. ABN AMRO offers Dividend Reinvestment Plan.

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04/12/2024 07:28 AM

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SBM Offshore Awarded Contracts for ExxonMobil Guyana’s FPSO Jaguar

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SBM Offshore secures contracts for the Whiptail development project in Guyana with ExxonMobil Guyana The project involves constructing and installing FPSO Jaguar, expected to produce 250,000 barrels of oil per day. EMGL will own the FPSO, with SBM operating it for 10 years. The design is based on SBM's Fast4Ward® program, featuring standardized topsides modules.

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04/10/2024 12:52 PM

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Weekly share repurchase program transaction details

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SBM Offshore reports details of EUR65 million share repurchase program, with cumulative repurchase amount of EUR 8,129,293 and 12.51% program completion. The company aims to reduce share capital through the program.

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04/03/2024 12:51 PM

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Weekly share repurchase program transaction details

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SBM Offshore announces details of EUR65 million share repurchase program, aiming to reduce share capital. The program commenced on March 1, 2024, with 10.29% completed by April 3, 2024. The company repurchased 474,823 shares at an average price of EUR 14.08.

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03/27/2024 01:45 PM

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Weekly share repurchase program transaction details

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SBM Offshore reports details of EUR65 million share repurchase program, aiming to reduce share capital. The program started on March 1, 2024, with 8.9% completion by March 20, 2024. Cumulative repurchase amount is EUR 5,783,329, with 413,692 shares repurchased at an average price of EUR 13.98.

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FAQ

What is the current stock price of SBM OFFSHORE NV ADR (SBFFY)?

The current stock price of SBM OFFSHORE NV ADR (SBFFY) is $17.43 as of December 26, 2024.

What is the market cap of SBM OFFSHORE NV ADR (SBFFY)?

The market cap of SBM OFFSHORE NV ADR (SBFFY) is approximately 3.1B.

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.