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Sbm Offshore Stock Price, News & Analysis

SBFFY OTC

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 (SBFFY) provides cutting-edge floating production systems and offshore energy solutions worldwide. This news hub offers investors and industry professionals centralized access to official updates, strategic developments, and operational milestones.

Track critical announcements including FPSO contract awards, project commissioning updates, and technology innovations shaping offshore energy infrastructure. The curated feed includes earnings reports, partnership agreements, and sustainability initiatives relevant to deepwater engineering markets.

All content undergoes strict verification to ensure compliance with financial disclosure standards. Users gain efficient access to operational updates without speculative commentary, maintaining focus on verifiable company activities.

Bookmark this page for streamlined monitoring of SBM Offshore's global engineering projects and market positioning. Regular updates provide actionable insights for stakeholders tracking offshore energy sector developments.

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SBM Offshore has secured contracts to execute Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the Yellowtail project in Guyana. The contract initiates funding from ExxonMobil's subsidiary, allowing for FEED activities. The FPSO will produce 250,000 barrels of oil per day and is expected to begin operations in 2025, following government approvals. Notably, SBM has partnered with McDermott, holding 70% ownership in a special purpose company to enhance project execution.

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SBM Offshore has announced the proposal to appoint Hilary Mercer as a member of the Supervisory Board during the Annual General Meeting on April 6, 2022. Mercer, a Senior Vice President at Shell Chemicals with over 34 years of experience, will initially serve as an advisor to the board. This leadership change may bring fresh perspectives to the company, which specializes in the design and operation of floating production systems for the offshore energy sector. The AGM will provide further details on this appointment.

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On November 11, 2021, SBM Offshore reported a solid financial performance for Q3 2021, despite ongoing COVID-19 challenges. Directional EBITDA guidance for 2021 remains at approximately US$900 million, while revenue guidance was revised down from US$2.6 billion to above US$2.3 billion due to delayed partner entry into a joint venture. Year-to-date, US$4.1 billion in project financings has been arranged, supporting a strong order book. Operational uptime stands at 99.2%, reflecting effective management amidst pandemic restrictions.

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SBM Offshore has concluded its EUR150 million share repurchase program, completing the purchase of 9,958,318 shares at an average price of EUR15.06 from August 5 to October 11, 2021. The program’s primary aim was to reduce share capital while providing shares for management and employee options. SBM Offshore plans to cancel 8 million of these repurchased shares, representing approximately 80% of the total. The cancellation is expected before the year-end, potentially enhancing shareholder value.

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SBM Offshore has announced the details of its EUR150 million (approximately US$180 million) share repurchase program, effective from August 5, 2021, through October 6, 2021. As of the latest update, the cumulative repurchase amount stands at EUR141,002,204, representing 94% completion of the program. During this period, a total of 9,368,000 shares were repurchased at an average price of EUR15.05. This initiative aims to reduce share capital and support employee share programs, enhancing shareholder value.

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SBM Offshore has detailed its EUR150 million (approximately US$180 million) share repurchase program, effective from August 5, 2021. As of September 29, 2021, the cumulative repurchase amount stands at EUR124,677,838, with 8,304,000 shares bought back at an average price of EUR15.01. The program aims to reduce share capital and provision shares for management and employee programs. Notably, 83.12% of the repurchase program has been completed, indicating strong commitment to enhancing shareholder value.

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SBM Offshore has secured a US$635 million bridge loan for the construction of FPSO Almirante Tamandaré. The loan, provided to the special purpose company owning the FPSO, will be fully drawn soon to support ongoing construction efforts. The loan has a twelve-month term with a possible six-month extension. Repayment is set to occur upon completion and initial drawdown from the project loan. Discussions for divesting 45% equity ownership to partners are ongoing, indicating strategic moves for future capital involvement.

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SBM Offshore has provided an update on its EUR150 million share repurchase program, effective from August 5, 2021, reporting cumulative buybacks of approximately EUR108.9 million as of September 22, 2021. In total, the company has repurchased 7.26 million shares at an average price of EUR 15.00, achieving 72.61% completion of the program. The repurchase aims to reduce share capital and support management and employee share initiatives. The latest transactions from September 16 to September 22 include repurchasing 1,004,000 shares totaling EUR15.24 million.

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SBM Offshore has successfully completed project financing for the FPSO Sepetiba amounting to US$1.6 billion, marking its largest financing deal to date. The financing was arranged by a consortium of 13 international banks and includes support from Export Credit Agencies. This FPSO is designed for high capacity operations, with a processing capability of 180,000 barrels of oil per day. It will be deployed in the Mero field, located in Brazil's Santos Basin, which hosts a consortium of major industry players.

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SBM Offshore announced the latest updates on its EUR150 million share repurchase program, revealing that as of September 15, 2021, approximately 62.45% of the program has been completed. The cumulative repurchase amount stood at EUR93.67 million, with a total of 6,256,000 shares repurchased at an average price of EUR14.97. This initiative aims to enhance shareholder value by reducing share capital and providing shares for management and employee programs. For detailed transaction records, visit the company’s investor section.

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FAQ

What is the current stock price of Sbm Offshore (SBFFY)?

The current stock price of Sbm Offshore (SBFFY) is $19.47 as of May 12, 2025.

What is the market cap of Sbm Offshore (SBFFY)?

The market cap of Sbm Offshore (SBFFY) is approximately 4.9B.
Sbm Offshore

OTC:SBFFY

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SBFFY Stock Data

4.88B
153.62M
Oil & Gas Equipment & Services
Energy
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