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 two significant transactions with MISC Berhad as announced on September 6, 2024. The company has acquired MISC Berhad's complete equity interest in the lease and operating entities of FPSO Espirito Santo in Brazil, while simultaneously divesting its equity interest in the lease and operating entities of FPSO Kikeh in Malaysia to MISC Berhad.
This strategic move aligns with SBM Offshore's portfolio rationalization strategy to 'maintain focus and excellence' in operations. The company, as a global deepwater ocean-infrastructure expert, continues to focus on delivering cleaner energy production solutions and expanding into new blue economy markets with over 7,400 employees worldwide.
SBM Offshore (SBFFF) has provided an update on its EUR130 million (c. US$140 million) share repurchase program for January 23-29, 2025. The program, initially announced at EUR65 million on February 29, 2024, and increased by another EUR65 million on August 8, 2024, aims to reduce share capital and provide shares for employee programs.
As of January 29, 2025, the company has completed 77.62% of the program, repurchasing 6,403,871 shares at an average price of EUR15.76, totaling EUR100,903,131. In the last five trading days, 111,378 shares were repurchased at an average price of EUR17.88, amounting to EUR1,991,478.
SBM Offshore has reported the latest transaction details of its EUR130 million (c. US$140 million) share repurchase program for January 16-22, 2025. The program, initially announced at EUR65 million on February 29, 2024, was increased by an additional EUR65 million on August 8, 2024.
As of January 22, 2025, the company has completed 76.09% of the program, repurchasing 6,292,493 shares at an average price of EUR15.72, totaling EUR98,911,653. In the last five trading days, 104,569 shares were repurchased at an average price of EUR18.12, amounting to EUR1,894,923.
The program's objectives are to reduce share capital and provide shares for regular management and employee share programs. All purchases were executed via Euronext Amsterdam, CBOE DXE and Turquoise.
SBM Offshore announced the appointment of two new Supervisory Board members, Lucia de Andrade and Denise Dettingmeijer, at an Extraordinary General Meeting held on January 17, 2025. Their appointments are effective immediately and will last until the Annual General Meeting in 2029.
SBM Offshore, a global leader in deepwater ocean-infrastructure, employs over 7,400 people worldwide. The company focuses on designing, constructing, installing, and operating offshore floating facilities, contributing to cleaner energy production and expanding into new blue economy markets.
SBM Offshore (SBFFF) has provided an update on its EUR130 million (c. US$140 million) share repurchase program for January 9-15, 2025. The program, initially announced at EUR65 million on February 29, 2024, and increased by another EUR65 million on August 8, 2024, aims to reduce share capital and provide shares for employee programs.
As of January 15, 2025, the company has completed 74.63% of the program, repurchasing 6,187,924 shares at an average price of EUR15.68, totaling EUR97,016,730. In the last five trading days, 95,965 shares were repurchased at an average price of EUR17.80, amounting to EUR1,708,036.
SBM Offshore (SBFFF) has reported the latest transaction details of its EUR130 million (c. US$140 million) share repurchase program for January 2-8, 2025. The program, initially announced at EUR65 million on February 29, 2024, was increased by an additional EUR65 million on August 8, 2024.
As of January 8, 2025, the company has completed 73.31% of the program, repurchasing 6,091,959 shares at an average price of EUR15.64, totaling EUR95,308,694. In the last five trading days, 120,433 shares were repurchased at an average price of EUR17.24, amounting to EUR2,075,828.
The program's objective is to reduce share capital and provide shares for regular management and employee share programs.
SBM Offshore has reported details of its EUR130 million (c. US$140 million) share repurchase program for December 26-31, 2024. The program, initially announced at EUR65 million on February 29, 2024, was increased by another EUR65 million on August 8, 2024. As of December 31, 2024, the company has completed 71.72% of the program, repurchasing 5,971,526 shares at an average price of EUR15.61, totaling EUR93,232,867.
The latest trading period saw 72,511 shares repurchased at an average price of EUR16.94, amounting to EUR1,228,345. The program's objectives are to reduce share capital and provide shares for management and employee share programs.
SBM Offshore has provided an update on its EUR130 million (c. US$140 million) share repurchase program for December 19-24, 2024. The program, initially announced at EUR65 million on February 29, 2024, and increased by another EUR65 million on August 8, 2024, aims to reduce share capital and provide shares for management and employee programs.
As of December 24, 2024, the company has completed 70.77% of the program, repurchasing 5,899,015 shares at an average price of EUR15.60, totaling EUR92,004,521. In the last trading week, 159,483 shares were repurchased at an average price of EUR16.72, amounting to EUR2,666,232.
SBM Offshore and ExxonMobil Guyana have completed the sale transaction of FPSO Liza Destiny for approximately US$535 million. The deal was finalized ahead of the maximum lease term, which would have expired in December 2029. Under the agreement, ExxonMobil Guyana assumes ownership while SBM Offshore will continue to operate and maintain the FPSO until 2033.
The net cash proceeds will be primarily used to repay the US$405 million project financing, reducing SBM Offshore's net debt position. The FPSO has been operational since December 2019, and since 2023 has been operated through an integrated operations and maintenance model combining both companies' expertise.
SBM Offshore (SBFFF) has provided an update on its EUR130 million (c. US$140 million) share repurchase program for December 12-18, 2024. The program, initially announced at EUR65 million on February 29, 2024, and increased by another EUR65 million on August 8, 2024, aims to reduce share capital and provide shares for employee programs.
As of December 18, 2024, the company has completed 68.72% of the program, repurchasing 5,739,532 shares at an average price of EUR15.57, totaling EUR89,338,289. In the last five trading days, 238,258 shares were repurchased at an average price of EUR16.69, amounting to EUR3,976,688.