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 (SBFFF) has reported transaction details for its EUR65 million share repurchase program for the period July 25-31, 2024. The program, announced on February 29, 2024, aims to reduce share capital. As of July 31, 2024:
- 55.11% of the program has been completed
- EUR 35,822,836 cumulative repurchase amount
- 2,532,528 shares repurchased
- EUR 14.15 average repurchase price
In the last 5 trading days, 72,033 shares were repurchased at an average price of EUR 14.74. The company's strategy focuses on offshore floating facilities for the energy industry, emphasizing responsible energy transition and emission reduction.
SBM Offshore reported transaction details for its EUR65 million share repurchase program from July 18-24, 2024. The program, announced on February 29, 2024, aims to reduce share capital. As of July 24, 53.48% of the program was completed, with a cumulative repurchase amount of EUR34,761,379 for 2,460,495 shares at an average price of EUR14.13. In the last 5 trading days, 74,103 shares were repurchased at an average price of EUR14.64, totaling EUR1,084,758. All shares were purchased via Euronext Amsterdam, CBOE DXE, and Turquoise.
SBM Offshore (SBFFF) reports progress on its EUR65 million share repurchase program, which began on March 1, 2024. As of July 17, 2024, the company has repurchased 2,386,392 shares at an average price of EUR14.11, totaling EUR33,676,621 or 51.81% of the program. The program aims to reduce share capital. In the last five trading days, SBM Offshore bought back 97,738 shares at an average price of EUR14.26. All purchases were made via Euronext Amsterdam, CBOE DXE, and Turquoise. The company provides regular updates on the program's progress, adhering to Market Abuse Regulation requirements.
SBM Offshore announced details of its EUR 65 million (approx. US$70 million) share repurchase program for the week of July 4, 2024 to July 10, 2024. The program, initiated on March 1, 2024, aims to reduce share capital. As of July 10, 2024, EUR 32,282,536 worth of shares have been repurchased, totaling 2,288,654 shares at an average price of EUR 14.11. Within the last five trading days, the company repurchased 122,197 shares for EUR 1,728,650 at an average price of EUR 14.15. The repurchases were executed on Euronext Amsterdam, CBOE DXE, and Turquoise. This update complies with the Market Abuse Regulation.
SBM Offshore and Technip Energies announced the formal implementation of Ekwil, a joint venture focused on Floating Offshore Wind (FOW) solutions. Ekwil, owned equally by both companies, aims to provide a diversified range of series production FOW technologies to meet global energy demands. The joint venture will leverage the technologies Semi-submersible INO15 by Technip Energies and Tension Leg Platform Float4Wind by SBM Offshore, aiming for commercial deployment. Ekwil, headquartered in France, will rely on a team of 40 specialists and the extensive resources of both parent companies. Séverine Baudic, formerly with SBM Offshore, will serve as CEO, and Willy Gauttier, from Technip Energies, as COO. This initiative underscores the commitment of both partners to advancing low-carbon solutions and supporting the global net-zero trajectory.
SBM Offshore has shared the transaction details for its EUR 65 million share repurchase program, which commenced on March 1, 2024. As of July 3, 2024, the company has repurchased shares worth EUR 30.55 million, accounting for 47.01% of the total program. In the last five trading days, SBM Offshore repurchased 97,381 shares at an average price of EUR 14.27, totaling EUR 1.39 million. The objective of this program is to reduce share capital, and detailed information on daily transactions is available on the company's website.
SBM Offshore has provided details regarding its EUR 65 million (approx. US$70 million) share repurchase program for the period from June 20, 2024, to June 26, 2024. This program, which started on March 1, 2024, aims to reduce the company's share capital. As of June 26, 2024, SBM Offshore has completed 44.87% of the program, repurchasing shares worth EUR 29,164,353 at an average price of EUR 14.10 per share, totaling 2,069,076 shares.
For the recent week, 130,525 shares were repurchased at an average price of EUR 13.93, amounting to EUR 1,818,857. Detailed transaction information is available on SBM Offshore's website under the Investors section.
SBM Offshore announces the progress of its EUR 65 million (approximately USD 70 million) share repurchase program active from March 1, 2024. As of June 19, 2024, the company has repurchased shares worth EUR 27,345,496, representing 42.07% of the target. During the week of June 13-19, 2024, SBM Offshore repurchased 163,799 shares at an average price of EUR 13.74, costing EUR 2,250,673. Daily repurchase details included 34,060 shares on June 13 at EUR 14.01, 43,156 shares on June 14 at EUR 13.66, 29,167 shares on June 17 at EUR 13.55, 27,816 shares on June 18 at EUR 13.67, and 29,600 shares on June 19 at EUR 13.81. The program aims to reduce share capital, with more detailed information accessible via SBM Offshore's website.
SBM Offshore has reported details of its EUR65 million share repurchase program for the period from June 6, 2024, to June 12, 2024. The program, initiated on March 1, 2024, aims to reduce share capital. To date, EUR25.09 million has been repurchased, covering 1,774,752 shares at an average price of EUR14.14. In the past week, 103,298 shares were bought back for a total of EUR1.48 million at an average price of EUR14.38. The company has completed 38.61% of the program as of June 12, 2024. Further transaction details and progress updates are available on SBM Offshore's website.
SBM Offshore has completed the acquisition of shares in the lease and operating entities for FPSOs N’Goma, Saxi Batuque, and Mondo from Sonangol EP. This acquisition brings SBM Offshore’s ownership in the FPSOs Saxi Batuque and Mondo to 100% and in FPSO N’Goma to 80%. Additionally, SBM Offshore has sold all its shares in the parent company of the Paenal shipyard in Angola to a subsidiary of Sonangol EP. The net consideration for these transactions is approximately $40 million. SBM Offshore also signed an MOU with Angola Offshore Services (AOSL) regarding the potential purchase of 20% of SBM Offshore's shareholding in FPSO N’Goma, pending several conditions. This reorganization focuses SBM Offshore's business on core lease and operate activities in Angola while divesting non-core construction assets.