Welcome to our dedicated page for SBM OFFSHORE NV ADR news (Ticker: SBFFY), a resource for investors and traders seeking the latest updates and insights on SBM OFFSHORE NV ADR 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 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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SBM Offshore (SBM) completed the repurchase of 350,000 shares between November 9, 2023 and November 21, 2023, at an average price of EUR 12.25 per share, totaling EUR 4,286,956. The repurchases were made under a program to meet obligations from regular management and employee share programs.
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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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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.
SBM OFFSHORE NV ADR