Welcome to our dedicated page for Sbm Offshore news (Ticker: SBFFF), a resource for investors and traders seeking the latest updates and insights on Sbm Offshore stock.
News for SBM Offshore N.V. (SBFFF) on Stock Titan highlights the company’s communications as a deepwater ocean-infrastructure expert focused on offshore floating facilities. Its corporate profile emphasizes the design, construction, installation and operation of offshore floating facilities that support energy production in deepwater environments, with a stated role in a just transition and the blue economy.
A major theme in recent releases is SBM Offshore’s share repurchase program with a total repurchase amount of EUR 141,189,019. Weekly updates detail the quantities repurchased, average purchase prices, settlement amounts and cumulative progress since the program became effective on April 24, 2025. These updates also explain that the program aims to reduce share capital and provide shares for regular management and employee share programs, and that repurchases are executed via Euronext Amsterdam, CBOE DXE and/or Turquoise.
Another recurring news topic is portfolio and contract activity. SBM Offshore has reported a contract extension for the lease and operation of FPSOs Mondo and Saxi Batuque with Esso Exploration Angola (Block 15) Limited, securing ownership and operations until 2032 and including life-extension activities for equipment replacement and refurbishment. It has also announced completion of the sale of its equity interest in the lease and operating entities of the FPSO Aseng to GEPetrol, describing this as part of its strategy to rationalize its Lease & Operate portfolio.
Investors following SBFFF news can use this page to review regular capital allocation updates, long-term contract developments, portfolio transactions and corporate profile statements that frame SBM Offshore’s role in deepwater offshore energy and the energy transition.
SBM Offshore has completed the divestment of a 13.5% ownership interest in the FPSO Sepetiba special purpose companies to China Merchants Financial Leasing (CMFL). This follows their February 2022 agreement, which stipulated CMFL would acquire the interest after the FPSO commenced operations. SBM Offshore remains the operator and majority shareholder with 51% ownership. The FPSO Sepetiba is installed at the Mero unitized field in Brazil's Santos Basin, operated by Petrobras (38.6%) in partnership with Shell Brasil (19.3%), TotalEnergies (19.3%), CNPC (9.65%), CNOOC (9.65%), and PPSA (3.5%).
SBM Offshore reported details of its EUR130 million share repurchase program for October 17-23, 2024. The program, initiated on March 1, 2024, with EUR65 million and increased by another EUR65 million in August 2024, aims to reduce share capital and provide shares for employee programs. As of October 23, 2024, the company has completed 51.35% of the program, repurchasing 4,414,981 shares at an average price of EUR15.12, totaling EUR66.7 million. In the last five trading days, 172,112 shares were repurchased at an average price of EUR16.85.
SBM Offshore reports the transaction details of its EUR130 million share repurchase program for October 10-16, 2024. The program, announced on February 29, 2024, and increased on August 8, 2024, aims to reduce share capital and provide shares for employee programs. Key points:
- 49.12% of the program completed as of October 16, 2024
- Cumulative Repurchase Amount: EUR 63,858,295
- Cumulative Quantity Repurchased: 4,242,869 shares
- Cumulative Average Repurchase Price: EUR 15.05
In the last 5 trading days, 132,114 shares were repurchased at an average price of EUR 17.01, totaling EUR 2,247,262. All shares were purchased via Euronext Amsterdam, CBOE DXE, and Turquoise.
SBM Offshore reports transaction details for its EUR130 million share repurchase program from October 3-9, 2024. The program, announced on February 29, 2024, and increased on August 8, 2024, aims to reduce share capital and provide shares for employee programs. As of October 9, 2024:
- 47.39% of the program completed
- EUR 61,611,032 cumulative repurchase amount
- 4,110,755 shares repurchased
- EUR 14.99 average repurchase price
In the last 5 trading days, 123,139 shares were repurchased at an average price of EUR 17.04, totaling EUR 2,097,809. All purchases were made via Euronext Amsterdam, CBOE DXE, and Turquoise.
SBM Offshore reports the transaction details of its EUR130 million (c. US$140 million) share repurchase program for the period September 26, 2024 through October 2, 2024. The program, announced on February 29, 2024, and increased on August 8, 2024, aims to reduce share capital and provide shares for employee programs. As of October 2, 2024, 45.78% of the program has been completed, with a cumulative repurchase amount of EUR 59,513,223 for 3,987,616 shares at an average price of EUR 14.92. In the last 5 trading days, 184,077 shares were repurchased at an average price of EUR 16.45, totaling EUR 3,028,635.
SBM Offshore reports details of its EUR130 million (c. US$140 million) share repurchase program for September 19-25, 2024. This is part of a EUR65 million program announced on February 29, 2024, and increased by EUR65 million on August 8, 2024. The program aims to reduce share capital and provide shares for employee programs. As of September 25, 2024:
- 43.45% of the program is completed
- EUR56,484,588 cumulative repurchase amount
- 3,803,539 shares repurchased
- EUR14.85 average repurchase price
In the last 5 trading days, 184,518 shares were repurchased at an average price of EUR16.52, totaling EUR3,048,069.
SBM Offshore (SBFFF) reported details of its EUR130 million share repurchase program for the period September 12-18, 2024. The program, initially announced on February 29, 2024, for EUR65 million and doubled on August 8, 2024, aims to reduce share capital and provide shares for employee programs. As of September 18, 2024:
- 41.11% of the program completed
- Cumulative repurchase amount: EUR 53,436,519
- Cumulative quantity repurchased: 3,619,021 shares
- Average repurchase price: EUR 14.77
In the last 5 trading days, 240,471 shares were repurchased at an average price of EUR 16.21, totaling EUR 3,898,918. All purchases were made via Euronext Amsterdam, CBOE DXE, and Turquoise.
SBM Offshore (SBFFF) reports on its EUR130 million share repurchase program for the period September 5-11, 2024. The program, initially announced at EUR65 million on February 29, 2024, was increased by another EUR65 million on August 8, 2024. Its objectives are to reduce share capital and provide shares for employee programs. As of September 11, 2024:
- 38.11% of the program completed
- Cumulative repurchase amount: EUR 49,537,601
- Cumulative quantity repurchased: 3,378,550 shares
- Average repurchase price: EUR 14.66
In the last 5 trading days, 247,616 shares were repurchased at an average price of EUR 16.14, totaling EUR 3,997,403.
SBM Offshore (SBFFF) has signed two Share Purchase Agreements with MISC Berhad, involving the acquisition of MISC's equity interest in FPSO Espirito Santo in Brazil and the divestment of SBM's stake in FPSO Kikeh in Malaysia. This strategic move aims to streamline SBM's operating portfolio. The agreements are subject to conditions and regulatory approvals. SBM Offshore specializes in designing, building, installing, and operating offshore floating facilities for the energy industry, focusing on responsible energy transition and cleaner solutions. The company employs over 7,400 people worldwide and is committed to delivering sustainable and affordable energy from the oceans.
SBM Offshore (SBFFF) reported details of its EUR130 million share repurchase program for August 29 to September 4, 2024. The program, initially announced on February 29, 2024, for EUR65 million and increased by EUR65 million on August 8, 2024, aims to reduce share capital and provide shares for employee programs. As of September 4, 2024, the company has:
- Repurchased 3,130,934 shares
- Spent EUR 45,540,197
- Achieved an average repurchase price of EUR 14.55
- Completed 35.03% of the program
In the last 5 trading days, SBM Offshore repurchased 181,859 shares at an average price of EUR 16.82, totaling EUR 3,058,211. All shares were purchased via Euronext Amsterdam, CBOE DXE, and Turquoise.
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