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 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.
SBM Offshore has reported ongoing progress on its EUR150 million (approximately US$180 million) share repurchase program, effective from August 5, 2021. As of September 8, 2021, the company has repurchased a cumulative amount of EUR75.74 million, equating to 5,107,000 shares at an average price of EUR14.83. The program aims to reduce share capital and supply shares for employee management programs, with nearly 50.49% of the program completed by the reporting date. The detailed transaction data is available through the Investor Relations Centre of the company’s website.
On September 1, 2021, SBM Offshore provided an update on its EUR150 million share repurchase program initiated on August 5, 2021. As of this date, the cumulative repurchased amount reached EUR56.2 million, reflecting 37.47% of the total program. A total of 3,860,000 shares were repurchased at an average price of EUR14.56. The program aims to reduce share capital and supply shares for management and employee programs. Further details on the transactions are available on the company's Investor Relations website.
SBM Offshore reports the cumulative details of its EUR150 million share repurchase program, initiated on August 5, 2021. As of August 25, 2021, the company has repurchased a total of EUR39.3 million worth of shares, equivalent to 2,765,000 shares at an average price of EUR14.21. This represents 26.19% completion of the program. The repurchases aim to reduce share capital and supply shares for management and employee programs. Detailed transaction information is available on the company’s Investor Relations website.
SBM Offshore has detailed its share repurchase program amounting to EUR150 million (approximately US$180 million), initiated on August 5, 2021, and active until August 18, 2021. As of the latter date, a cumulative total of EUR23,360,406 has been repurchased, equating to 1,683,000 shares at an average price of EUR13.88. The program aims to reduce share capital and supply shares for management and employee schemes. The completion percentage stands at 15.57%.
SBM Offshore announced the details of its €150 million (approximately US$180 million) share repurchase program, active from August 5 to August 11, 2021. The program aims to reduce share capital and provide shares for management and employee programs. As of August 11, 2021, the cumulative repurchase amount reached €10,455,789 with a total of 771,000 shares repurchased at an average price of €13.56, indicating approximately 6.97% of the program completed.
SBM Offshore has announced a share repurchase program worth EUR150 million (approximately US$180 million) effective August 5, 2021. The aim is to reduce share capital and support management and employee share programs. The buyback is expected to be completed by year-end 2021 and follows authorization from the Annual General Meeting. Progress will be reported weekly, and the program can be suspended at the company's discretion. This move may enhance shareholder value by decreasing outstanding shares, potentially boosting earnings per share (EPS).
On August 5, 2021, SBM Offshore reported a record proforma backlog of US$29.5 billion, up by US$8 billion. The company maintained 2021 revenue guidance of US$2.6 billion and EBITDA guidance of US$900 million. A EUR150 million (c. US$180 million) share repurchase program was announced to enhance shareholder returns. Despite a 9% decline in revenue and a 19% drop in EBITDA year-over-year, profit attributable to shareholders rose 69% to US$64 million. The company's 99% fleet uptime reflects resilience amid ongoing pandemic challenges.
SBM Offshore has signed a Letter of Intent with Petrobras for a 22.5-year lease and operation of the FPSO Alexandre de Gusmão, to be deployed at the Mero field in Brazil's Santos Basin. The FPSO will have a production capacity of 180,000 barrels of oil per day and will treat 12 million standard cubic meters of gas per day. The project utilizes the company's Fast4Ward® program and is expected to complete by 2024. This marks SBM Offshore's second major award from Petrobras this year, reflecting its position in the offshore energy sector.
SBM Offshore has signed contracts with Petrobras for a 26.25-year lease and operation of the FPSO Almirante Tamandaré. Following a binding Letter of Intent announced on February 25, 2021, the FPSO will be deployed at the Búzios field in the Santos Basin, approximately 180 kilometers offshore Rio de Janeiro, Brazil. Construction is underway via the Fast4Ward® program, with delivery expected in H2 2024. SBM Offshore specializes in floating production solutions for the offshore energy sector, holding a market-leading position in leased production systems.
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