Welcome to our dedicated page for Sbm Offshore news (Ticker: SBFFY), a resource for investors and traders seeking the latest updates and insights on Sbm Offshore stock.
SBM Offshore N.V. (SBFFY) is described by the company as the world’s deepwater ocean‑infrastructure expert, focused on the design, construction, installation, and operation of offshore floating facilities for energy production. The news flow around SBM Offshore reflects both its operational activities in deepwater offshore environments and its capital management decisions.
Recent press releases provide detailed weekly updates on a EUR 141,189,019 share repurchase program. These updates summarize cumulative repurchase amounts, quantities repurchased, average repurchase prices, and the percentage of the program completed. They also specify that shares are being repurchased via Euronext Amsterdam, CBOE DXE and/or Turquoise. For investors, these disclosures offer insight into how SBM Offshore manages its share capital and supports management and employee share programs.
Operationally focused news includes announcements such as the contract extension for the lease and operation of FPSOs Mondo and Saxi Batuque with Esso Exploration Angola (Block 15) Limited, an affiliate of ExxonMobil. SBM Offshore notes that this extension secures ownership and operations until 2032 and involves life‑extension activities for equipment replacement and refurbishment, highlighting its capabilities in deepwater asset operation and complex offshore brownfield work.
Another example is the confirmation of the completion of a Share Purchase Agreement with GEPetrol for the full divestment of SBM Offshore’s equity interest in the lease and operating entities of the FPSO Aseng. The company links this transaction to its strategy to rationalize its Lease & Operate portfolio. Together, these items show that SBM Offshore’s news typically covers share repurchase activity, portfolio adjustments in leased and operated offshore units, and long‑term contracts for deepwater floating production systems.
Investors and observers can use the SBFFY news feed to follow these developments, track the progress of the share repurchase program, and monitor how SBM Offshore describes its role in the energy transition and blue economy through its public announcements.
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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