With an oil price at the mid-USD60s/bbl level, focus on the oil major overspending situation, and resulting impact on the outlook for offshore-focused oil services, is set to increase further. While oil companies would likely cut, or even eliminate, buyback programmes first, we expect increased focus on spending reductions and efficiencies, creating a more challenging business environment for oil services. Hence, we see a risk of oil companies taking a more cautious approach, resulting in projec...
Petrofac Limited ( PFC) Petrofac Limited: Director/PDMR shareholding 04-Apr-2025 / 16:04 GMT/BST 4 April 2025 Petrofac Limited (the ‘Company’) Notification of Transactions by Persons Discharging Managerial Responsibilities Pursuant to the Company’s obligations under Market Abuse Regulation 19, the Company hereby notifies that Afonso Reis e Sousa, Chief Financial Officer, became entitled on 4 April 2025 to 11,215 ordinary Shares of US$0.02 each in the Company at nil cost, following the automatic vesting of the final tranche of the Shares awarded to him under ...
Subsea7 awarded contract in the US Luxembourg – 4 April 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced today the award of a sizeable1 contract by Shell Offshore Inc. for the Sparta deepwater development in the US. The project involves the transportation and installation of a floating production system (FPS) at Garden Banks block 959, which is located off the southeastern coast of Louisiana at water depths of up to 1,635 metres. Project management and engineering activities will begin immediately at Subsea7's office in Houston, Texas, with offshore operations expected to s...
Weekly share repurchase program transaction details Amsterdam, April 2, 2025 SBM Offshore reports the transaction details related to its EUR130 million (c. US$140 million) share repurchase program for the period March 27, 2025 through April 2, 2025. 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...
Vallourec: Availability of the 2024 universal registration document Vallourec: Availability of the2024 universal registration document Meudon (France), April 1st, 2025 Vallourec announces the availability of its 2024 Universal Registration Document (URD), in accordance with applicable regulations. The French version of this document was filed with the “Autorité des marchés financiers” (AMF) on March 27th, 2025 in ESEF format (European Single Electronic Format) under the reference D.25-0192. The English translation of this document may be consulted on the Company’s website and...
Vallourec : Mise à disposition du document d’enregistrement universel 2024 Vallourec : Mise à disposition dudocument d’enregistrement universel 2024 Meudon, France – le 1er avril 2025 Vallourec annonce la mise à disposition de son Document d’enregistrement universel (DEU) 2024 dans les conditions requises par la réglementation en vigueur. Ce document a été déposé le 27 mars 2025 au format ESEF (European Single Electronic Format) auprès de l’Autorité des marchés financiers (AMF) sous le numéro D.25-0192. Il peut être consulté sur le site internet de la Société : et au siège de...
Petrofac Limited ( PFC) Petrofac Limited: NOTICE OF PLAN MEETINGS 31-March-2025 / 17:19 GMT/BST 31 March 2025 NOTICE OF PLAN MEETINGS At the Convening Hearing for Petrofac’s financial restructuring which took place before the English Court on 20 March 2025, the Court directed that 12 meetings of the Plan Companies and the creditors specified in the Restructuring Plans, will be convened on Wednesday 23 April 2025 at 10.00 BST (the “Plan Meetings”). Seven Plan Meetings will be convened by Petrofac Limited (PL) and five Plan Meetings will be convened by Petrofac Inte...
Subsea7 awarded contract offshore Norway Luxembourg – 31 March 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 contract by Equinor as technical service provider (TSP) for the Northern Lights Phase 2 project, offshore Norway. Subsea7’s scope includes engineering, procurement, construction and installation of a five kilometre CO2 pipeline, as well as installation of integrated satellite structures, umbilicals, tie-in and pre-commissioning activities. Project management and engineering will commence immediately at Subsea7’s office in Stavanger, No...
Weekly share repurchase program transaction details Amsterdam, March 26, 2025 SBM Offshore reports the transaction details related to its EUR130 million (c. US$140 million) share repurchase program for the period March 20, 2025 through March 26, 2025. 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. ...
Subsea 7 S.A. announces proposed nominations to the Company’s Board of Directors Luxembourg – 25 March 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that at the AGM on 8 May 2025, the Board of Directors will ask shareholders to approve the following nominations to the Board of Directors: The election as Independent Director of Ms Lucia de Andrade The re-election as Independent Directors of Mr Eldar Sætre and Ms Elisabeth Proust van Heeswijk The re-election as Directors of Ms Louisa Siem and Treveri S.à r.l., a Luxembourg company, with Mr Kristian Siem, its 100% owner, ...
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