BW Energy: Fixed Income Investor Meetings Fixed Income Investor Meetings 06 June 2025 BW Energy has engaged Pareto Securities as Global Coordinator together with Arctic Securities as Joint Bookrunners to arrange a series of fixed income investor meetings. Fearnley Securities and Sparebank1 Markets are acting as Co-Managers. Subject to inter alia market conditions and acceptable terms, a new senior unsecured bond issue of USD 300 million with a tenor of five years may follow. The purpose of the bond issue is for general corporate purposes. Holders of BWE01 bonds will be offered to rol...
BW Energy: Annual General Meeting 2025 - Minutes Annual General Meeting 2025 - Minutes The Annual General Meeting 2025 of BW Energy Limited was held today. Please see the attached document for the minutes of the meeting. For further information, please contact: Brice Morlot, CFO BW Energy +33.7.81.11.41.16 About BW Energy BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with...
2025 Annual General Meeting – Notice 2025 Annual General Meeting – Notice Notice is hereby given that the 2025 Annual General Meeting (AGM) of the Members of BW Energy Limited will be held at 18 Rebecca Road, Southampton, SN04, Bermuda, on 26 May 2025 at 14:00 AST. Please see the attached documents in relation to the Annual General Meeting: Notice of the 2025 AGM Form of Proxy Chairman’s Letter Recommendation from the Nomination Committee For further information, please contact: Brice Morlot, CFO BW Energy +33.7.81.11.41.16 About BW Energy: BW Energy is a growth E&...
BW Energy: Successful handover of BW Adolo operations to BW Energy Gabon SA Successful handover of BW Adolo operations to BW Energy Gabon SA BW Offshore Limited (“BW Offshore”) and BW Energy Limited (“BW Energy”) announce that, with effect from 20 May 2025, operations and maintenance (“O&M”) of the FPSO BW Adolo have been handed over to BW Energy’s subsidiary, BW Energy Gabon SA (“BW Energy Gabon”). Under an amended bareboat charter, BW Offshore’s subsidiary retains ownership of the unit and will continue to lease the FPSO to BW Energy Gabon on the same terms as previously agreed without ...
AUCTUS PUBLICATIONS ________________________________________ Panoro Energy (PEN NO)C; Target price of NOK49 per share: ~12 mbbl/d in 1Q25. Re-iterating FY25 guidance – 1Q25 production was ~12 mbbl/d, including 6,841 bbl/d in Gabon, 3,661 bbl/d in Equatorial Guinea and 1,492 bbl/d in Tunisia. Production in Gabon and Equatorial Guinea was previously reported by BW Energy and Kosmos Energy. Equatorial Guinea output was temporarily impacted by unplanned downtime at the Ceiba Cluster, but operations ...
BW Energy: First quarter results 2025 BW Energy First quarter results 2025 HIGHLIGHTS Record Q1 EBITDA of USD 182.1 million, net profit of USD 83 million Operational cash-flow of USD 154.7 million in the quarter Q1 gross production of 4.2 mmbbls with 3.2 mmbbls net to BW Energy Highest quarterly production since inception from the Dussafu licence Maintained a strong balance sheet with cash position of USD 286.9 million Substantial oil discovery in the Bourdon prospect Maromba development FID unlocking path to more than doubling production and potential for future...
BW Energy: Makes FID on Maromba field development in Brazil BW Energy makes FID on Maromba field development in Brazil BW Energy is pleased to announce the final investment decision (FID) for the Maromba development offshore Brazil based on a capex-efficient development with an integrated drilling and wellhead platform (WHP) and a refurbished FPSO. The development targets 500 million barrels of oil in place in the highly delineated and tested Maastrichtian sands. First oil is planned by end-2027 with expected plateau production of 60,000 barrels of oil per day. The development will mor...
This week, Equinor reported Q1 results in line with expectations. However, we continue to see valuation downside due to Empire Wind risks and a likely sharp YOY drop in 2026e buybacks. OKEA also reported in-line Q1 results. In other news, Equinor announced it agreed to sell its 60% Peregrino stake at a solid price, although we believe the proceeds would have to support near-term shareholder returns to drive a positive share price reaction.
BW Energy: 2025 Annual General Meeting – Notice 2025 Annual General Meeting – Notice Notice is hereby given that the 2025 Annual General Meeting (AGM) of the Members of BW Energy Limited will be held at 18 Rebecca Road, Southampton, SN04, Bermuda, on 26 May 2025 at 09:30 a.m. (Bermuda time). Please see the attached documents in relation to the Annual General Meeting: Notice of the 2025 AGM Form of Proxy Chairman’s Letter Recommendation from the Nomination Committee For further information, please contact: Brice Morlot, CFO BW Energy +33.7.81.11.41.16 A...
BW Energy: OTC Markets Group Welcomes BW Energy Limited to OTCQX OTC Markets Group Welcomes BW Energy Limited to OTCQX NEW YORK – (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced (Oslo Bors: BWE; OTCQX: BWERY, BWEFF), a growth-focused oil and gas company, has qualified to trade on the OTCQX® Best Market. BW Energy Limited upgraded to OTCQX from the Pink® market. BW Energy Limited begins trading today on OTCQX under the symbols “BWERY” and “BWEFF.” U.S. investors can find current financial disclosure and Real-Time Level 2...
This week, Vår Energi reported Q1 results very much in line with expectations. The company also reaffirmed its 2025 guidance and maintained its dividend. Also, OKEA reported a solid Q1, with production and prices slightly above our estimates. While a technical goodwill impairment reduces its dividend basket for 2025, we view this as non-material, as we do not expect any dividends before 2027. Meanwhile, we are 5% below consensus on Q1e EBIT ahead of Equinor’s Q1 results on 30 April (07:00 CET), ...
BW Energy: Invitation to Q1 2025 results presentation in Oslo on 5 May Invitation to Q1 2025 results presentation in Oslo on 5 May BW Energy will release its first quarter 2025 results on Monday, 5 May at 07:30 CEST. The Company will hold a presentation followed by Q&A at Hotel Continental in Oslo, Norway, on the same day at 09:30 CEST. The presentation will include an extended review of optimisation and development projects in Brazil. It will be hosted by CEO Carl K. Arnet, CFO Brice Morlot, CSO Thomas Young, CTO Jerome Bertheau and CCO Thomas Kolanski. You can also follow the pr...
Q1 sales rose by 2% YOY (Bloomberg consensus +1%), with flat organic growth, EBIT 7% above consensus and EPS 13% above, partly due to strength in Asia-Pacific and stability in Americas. The group EBITA margin was 13.1% (Q4 2024 12.1%) and the adj. EBITA margin 12.7% (12.1%). We have raised our 2025e EBITA by 4% on better-than-expected results in China and North & East, and made minor adjustments to our 2026e. We reiterate our HOLD but have lowered our target price to SEK420 (430) on continued ge...
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