reports
- Marc Lavaud
- Thijs Berkelder
- Thomas Zlowodzki
- Youssef Besbes
- ING Helpdesk
- Thijs Berkelder
FPSO Destiny Purchase by ExxonMobil Guyana Completed
FPSO Destiny Purchase by ExxonMobil Guyana Completed Amsterdam, December 19, 2024 SBM Offshore and ExxonMobil Guyana Ltd, an affiliate of Exxon Mobil Corporation, have completed the transaction related to the purchase of FPSO Liza Destiny, ahead of the maximum lease term, which would have expired in December 2029. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to operate and maintain the FPSO up to 2033. The transaction comprises a total cash consideration of c. US$535 million. The net cash proceeds will primarily be used for the fu...
Weekly share repurchase program transaction details
Weekly share repurchase program transaction details Amsterdam, December 18, 2024 SBM Offshore reports the transaction details related to its EUR130 million (c. US$140 million) share repurchase program for the period December 12, 2024 through December 18, 2024. The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024, effective from March 1, 2024 and increased by EUR65 million as announced on August 8, 2024. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share p...
Weekly share repurchase program transaction details
Weekly share repurchase program transaction details Amsterdam, December 11, 2024 SBM Offshore reports the transaction details related to its EUR130 million (c. US$140 million) share repurchase program for the period December 5, 2024 through December 11, 2024. The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024, effective from March 1, 2024 and increased by EUR65 million as announced on August 8, 2024. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share pr...
Extraordinary General Meeting announcement
Extraordinary General Meeting announcement Amsterdam, December 6, 2024 SBM Offshore announces that the agenda of the Extraordinary General Meeting of Shareholders (EGM) and the invitation for shareholders to attend the EGM have now been published on the Company’s website. The EGM will be held at the Sheraton Amsterdam Airport Hotel, Schiphol Boulevard 101, 1118 BG Amsterdam, the Netherlands on Friday January 17, 2025 at 3.30 p.m. Central European Time. Corporate Profile SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installatio...
Weekly share repurchase program transaction details
Weekly share repurchase program transaction details December 4, 2024 SBM Offshore reports the transaction details related to its EUR130 million (c. US$140 million) share repurchase program for the period November 28, 2024 through December 4, 2024. The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024, effective from March 1, 2024 and increased by EUR65 million as announced on August 8, 2024. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs. Info...
- Quirijn Mulder
SBM Offshore/Good performance continues/BUY
SBM's trading update was good with projects progressing well and a significant raise of its FY24 guidance on the back of the transfer of two vessels to Exxon. The company is well positioned to win further tenders and is not sensitive to oil prices due to the low cost per barrel in the deepwater sector where SBM operates. Furthermore, SBM's robust product offering, highlighted by the success of its F4W concept—with the ninth hull already under construction-demonstrates its market strength. The co...
Weekly share repurchase program transaction details
Weekly share repurchase program transaction details November 27, 2024 SBM Offshore reports the transaction details related to its EUR130 million (c. US$140 million) share repurchase program for the period November 21, 2024 through November 27, 2024. The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024, effective from March 1, 2024 and increased by EUR65 million as announced on August 8, 2024. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs. In...
SBM Offshore completes US$1.5 billion financing of Jaguar
SBM Offshore completes US$1.5 billion financing of Jaguar Amsterdam, November 21, 2024 SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion. The project financing was fully secured by a consortium of 16 international financial institutions. The Company expects to draw the loan phased over the construction period of the FPSO. The project loan is in line with the duration of the construction phase. The FPSO Jaguar’s design is based on SBM Offshore’s industry leading Fast4Ward® program that incorporates the Company’s seventh new build, ...
Weekly share repurchase program transaction details
Weekly share repurchase program transaction details November 20, 2024 SBM Offshore reports the transaction details related to its EUR130 million (c. US$140 million) share repurchase program for the period November 14, 2024 through November 20, 2024. The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024, effective from March 1, 2024 and increased by EUR65 million as announced on August 8, 2024. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs. In...
- Thijs Berkelder
- Usama Tariq
ODDO BHF Small & MIDCAP MORNING NEWS - Date1
We initiate coverage of Heijmans, a contractor focused on the Dutch market, with an Outperform rating and a TP of € 36.5 (DCF based). The Dutch residential market is finally recovering, and we believe Heijmans is well-positioned to benefit due to its land bank and property development arm, driving up revenues while EBITDA margins are expected to exceed 8.5% in the Living unit. Heijmans is also benefitting from strong demand from the infrastructure and energy markets, allowing for soli...
PBB DEUTSCHE PFANDBRIEFBANK AG
GBF BILFINGER SE
GYC GRAND CITY PROPERTIES SA
ITP INTERPARFUMS
SDF K+S AG
NEX NEXANS SA
IDIP INSTITUT DE DEVELOPPEMENT INDUSTRIEL SCA
ADN1 ADESSO AG
GNFT GENFIT SA
PAT PATRIZIA AG
SAX STROEER SE & CO. KGAA
NVG NAVIGATOR COMPANY SA
ASS APPLUS SERVICES S.A.
S92 SMA SOLAR TECHNOLOGY AG
CLA CLARANOVA SE
SRAIL STADLER RAIL AG
KTA KNAUS TABBERT
UPG UNIFIEDPOST GROUP
DEME DEME GROUP NV
AF AIR FRANCE - KLM
- Thijs Berkelder
- Usama Tariq
ODDO BHF Small & MIDCAP MORNING NEWS - 11/14/2024
We initiate coverage of Heijmans, a contractor focused on the Dutch market, with an Outperform rating and a TP of € 36.5 (DCF based). The Dutch residential market is finally recovering, and we believe Heijmans is well-positioned to benefit due to its land bank and property development arm, driving up revenues while EBITDA margins are expected to exceed 8.5% in the Living unit. Heijmans is also benefitting from strong demand from the infrastructure and energy markets, allowing for soli...
PBB DEUTSCHE PFANDBRIEFBANK AG
GBF BILFINGER SE
GYC GRAND CITY PROPERTIES SA
ITP INTERPARFUMS
SDF K+S AG
NEX NEXANS SA
IDIP INSTITUT DE DEVELOPPEMENT INDUSTRIEL SCA
ADN1 ADESSO AG
GNFT GENFIT SA
PAT PATRIZIA AG
SAX STROEER SE & CO. KGAA
NVG NAVIGATOR COMPANY SA
ASS APPLUS SERVICES S.A.
JST JOST WERKE AG
S92 SMA SOLAR TECHNOLOGY AG
CLA CLARANOVA SE
SRAIL STADLER RAIL AG
KTA KNAUS TABBERT
UPG UNIFIEDPOST GROUP
DEME DEME GROUP NV
AF AIR FRANCE - KLM
- Thijs Berkelder
- Usama Tariq
SBM Offshore : A strong quarter as the company lifts its FY24 guidance
>Another strong set of results as SBM looks forward to FPSO sales - PSO Sale. The company indicated that its FPSO Prosperity was sold to ExxonMobil Guyana Ltd on November 7 whereas it expects the sales of FPSO Liza Destiny to be on track, expecting it to close by the end of the year. Contract award: The company announced that it has been awarded an FPSO contract as part of the GranMorgu field development project in Suriname. According to the company, the c. 220 k...
- ING Helpdesk
Benelux Morning Notes
Agfa-Geveart: Material miss on Healthcare activities. ASML: Long-term guidance confirmed. CVC Capital Partners: Comfortably on track. DEME Group: Raises outlook, lowers capex guidance. Proximus: Pressure on CEO from another possible coalition party. SBM Offshore: Again delivering
SBM Offshore nominates Supervisory Board members
SBM Offshore nominates Supervisory Board members Amsterdam, November 14, 2024 SBM Offshore today announces the nomination of Lucia de Andrade and Denise Dettingmeijer for appointment to the Supervisory Board. Lucia de Andrade is a currently Senior Vice President Deepwater Project at Shell (Houston, United States of America) and will step down from this position by year end. She is an executive who brings a wealth of experience in various roles in the oil and gas industry including deepwater development. Denise Dettingmeijer is an experienced leader with an extensive financial background...
SBM Offshore awarded contracts for the GranMorgu field development
SBM Offshore awarded contracts for the GranMorgu field development Amsterdam, November 14, 2024 SBM Offshore announces that it has been awarded contracts for the GranMorgu field development project located in Block 58 in Suriname by the Operator, TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies. Under these contracts, SBM Offshore will, in partnership with Technip Energies, construct and install a Floating Production, Storage and Offloading vessel (FPSO). The award follows completion of front-end engineering and design studies, and the final investment decision on the proj...
SBM Offshore Third Quarter 2024 Trading Update
SBM Offshore Third Quarter 2024 Trading Update Amsterdam, November 14, 2024 Highlights FPSO Prosperity sold to ExxonMobil Guyana Ltd; FPSO Liza Destiny on track for sale before year-endTotalEnergies contract award for an FPSO as part of the GranMorgu field development project in Suriname2024 Directional1 EBITDA guidance increased from around US$1.3 billion to around US$1.9 billion (+46%)2024 Directional revenue guidance increased from above US$3.8 billion to above US$6.0 billion (+58%)Completed sale of 13.5% interest in FPSO Sepetiba to China Merchants Financial Leasing (Hong-Kong) Holdin...
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