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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.
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SBM Offshore reports transaction details of EUR65 million share repurchase program. Cumulative repurchase amount stands at EUR 1,213,874 with 1.87% of the program completed. The company aims to reduce share capital through the program.
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SBM Offshore announces the agenda for the Annual General Meeting of Shareholders (AGM) and invites shareholders to attend on April 12, 2024. The company designs, builds, and operates offshore floating facilities for the energy industry, focusing on a responsible energy transition. SBM Offshore's financial calendar for 2024 includes key dates for trading updates and earnings releases.
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SBM Offshore completes the repurchase of 50,000 shares under a share repurchase program, totaling EUR 657,121 at an average price of EUR 13.14 per share. The company aims to meet obligations from management and employee share programs.
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SBM Offshore announces a EUR65 million share repurchase program to reduce share capital. The program aims to cancel all repurchased shares by the end of 2024. The company will execute the program under safe harbor provisions and inform the market weekly. SBM Offshore is a leading offshore energy facilities provider focusing on a responsible energy transition.
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SBM Offshore initiates a share repurchase program of 50,000 ordinary shares, costing approximately EUR 0.6 million. The program is set to be completed by March 7, 2024, in compliance with safe harbor provisions. The company will provide updates on the progress weekly. SBM Offshore is a leading offshore energy industry player focusing on a responsible energy transition and cleaner solutions. They have a detailed financial calendar for 2024.
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SBM Offshore reports record-level revenue and EBITDA, increasing shareholder returns. The company achieved a Directional Revenue of US$4.5 billion (+38%) and Directional EBITDA of US$1.3 billion (+31%). They have a Directional backlog of US$30.3 billion and are evolving their shareholder return policy with a 12% increase in annual cash return to shareholders. The company also announced successful sales and awards in various projects, including FPSO Liza Unity and Whiptail FEED award.
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SBM Offshore announces changes in the Supervisory Board and upcoming Annual General Meeting. Jaap van Wiechen to step down, Patrick Jager proposed as new member. SBM Offshore focuses on offshore floating facilities for energy industry, emphasizing responsible energy transition. Financial calendar for 2024 released.
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SBM Offshore announces the decision of CEO Bruno Chabas not to seek a 4th mandate and the appointment of Øivind Tangen as his successor. Tangen will take over as CEO and Chair of the Management Board at the end of the AGM on April 12, 2024. Chabas will act as an advisor during the transition. Tangen is seen as an excellent successor by the Supervisory Board, with extensive experience in core business areas.
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SBM Offshore (SBMO) announces FPSO Sepetiba is formally on hire after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance. The FPSO will operate under a 22.5-year charter and operation services contracts with Petrobras, installed at the Mero unitized field located in the Santos Basin, Brazil. SBM Offshore is a leading technology provider in the offshore energy industry.
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SBM Offshore (SBMO) secures a US$210 million Revolving Credit Facility (RCF) for the construction of Fast4Ward® Multi-Purpose Floater (MPF) hulls. The tenor of the RCF is eighteen months with an extension option for another six months. Under the Company’s Fast4Ward® program, eight standardized MPF hulls have been ordered to date with seven allocated to projects and one supporting tendering activities. SBM Offshore designs, builds, installs, and operates offshore floating facilities for the offshore energy industry. The company's financial calendar for 2024 includes important events such as Full Year 2023 Earnings, Annual General Meeting, First Quarter 2024 Trading Update, Half Year 2024 Earnings, and Third Quarter 2024 Trading Update.
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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 $17.5 as of January 30, 2025.
What is the market cap of SBM OFFSHORE NV ADR (SBFFY)?
The market cap of SBM OFFSHORE NV ADR (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 NV ADR