reports
BW Offshore: Closing of the sale of the FPSO Polvo to BW Energy
BW Offshore: Closing of the sale of the FPSO Polvo to BW Energy Closing of the sale of the FPSO Polvo to BW Energy Reference is made to the announcement on 22 April 2022, whereby BW Offshore Limited (“BW Offshore”) announced the agreement to divest the FPSO Polvo to BW Energy Limited for USD 50 million. BW Energy has paid USD 30 million upon the vessel transfer date, with the remaining USD 20 million provided as a seller’s credit by BW Offshore. BW Offshore has received the remaining USD 20 million plus interest. The final instalment concludes the transaction. The FPSO Polvo, which was o...
BW Offshore: 2024 Annual General Meeting – Notice
BW Offshore: 2024 Annual General Meeting – Notice 2024 Annual General Meeting – Notice Notice is hereby given that the 2024 Annual General Meeting of BW Offshore Limited will be held at 18 Rebecca Road, Southampton, SN04, Bermuda, on 23 May 2024 at 2:30 p.m. (Bermuda time). Please see the attached documents in relation to the Annual General Meeting: Notice of the 2024 AGMForm of ProxyChairman’s LetterRecommendation from the Nomination Committee For further information, please contact:Ståle Andreassen, CFO, or About BW Offshore:BW Offshore engineers innovative floating produc...
BW Offshore: Recycling FPSO Petróleo Nautipa in compliance with Hong K...
BW Offshore: Recycling FPSO Petróleo Nautipa in compliance with Hong Kong Convention Recycling FPSO Petróleo Nautipa in compliance with Hong Kong Convention BW Offshore has signed an agreement to recycle FPSO Petróleo Nautipa in compliance with the Hong Kong International Convention at Baijnath Melaram ship recycling facility (the “Facility”) in India. The Facility is certified to ISO standards and has been issued with a Statement of Compliance by the ship classification society Class NK in accordance with IMO Resolution MEPC.210(63) and the Hong Kong International Convention for the safe...
BW Offshore: Notification of trade
BW Offshore: Notification of trade Notification of trade With reference to stock exchange releases dated 8 April 2019 and 30 March 2023. In relation to BW Offshore’s (the "Company") Long-Term Incentive Programme (LTIP) adopted in 2019, the Company's exposure relating to the 2019 award was hedged by a Total Return Swap (“TRS”) agreement with financial exposure to 1 732 000 shares in BW Offshore. The Company has today settled the TRS agreement underlying 1 732 000 shares in BW Offshore expiring 5 April 2024. The Company has subsequently entered into a new TRS agreement with exposure ...
BW Offshore: Partial repurchase of Senior Unsecured Convertible Bonds ...
BW Offshore: Partial repurchase of Senior Unsecured Convertible Bonds due 2024 Partial repurchase of Senior Unsecured Convertible Bonds due 2024 BW Offshore Limited has today repurchased bonds with an aggregate principal amount of USD 7,200,000 at 98.0 in its USD 297,400,000 Senior Unsecured Convertible Bonds due 2024 (ISIN: NO0010867948) for cancellation. Following the cancellation, the principal amount outstanding under the bond loan will be USD 156,800,000. For further information, please contact:Ståle Andreassen, CFO, or About BW Offshore:BW Offshore engineers innovative floating...
BW Offshore: Partial repurchase of Senior Unsecured Convertible Bonds ...
BW Offshore: Partial repurchase of Senior Unsecured Convertible Bonds due 2024 Partial repurchase of Senior Unsecured Convertible Bonds due 2024 BW Offshore Limited has today repurchased bonds with an aggregate principal amount of USD 28,600,000 at 98.0 in its USD 297,400,000 Senior Unsecured Convertible Bonds due 2024 (ISIN: NO0010867948) for cancellation. Following the cancellation, the principal amount outstanding under the bond loan will be USD 164,000,000. For further information, please contact:Ståle Andreassen, CFO, or About BW Offshore:BW Offshore engineers innovative floatin...
BW Offshore: New Long-Term Incentive Programme 2024
BW Offshore: New Long-Term Incentive Programme 2024 New Long-Term Incentive Programme 2024 The Board of Directors of BW Offshore Limited ("BWO" or the "Company") has approved a New Long-Term Incentive Programme (LTIP). The programme is a combination of Share Options and Restricted Share Unit (RSUs), aimed to align the interests of the participating employees with those of the Company's shareholders. The programme is discretionary, and participants are invited on an annual basis. The total number of options awarded under the LTIP for 2024 is 800,000 where each option will give the ...
BW Offshore: Company presentation
BW Offshore: Company presentation Company presentation BW Offshore is presenting at DNB's Energy & Shipping Conference today. Please see the attached presentation. For further information, please contact:Ståle Andreassen, CFO, or About BW Offshore:BW Offshore engineers innovative floating production solutions. The Company has a fleet of 5 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,200 employees and is...
USD 297,400,000 Senior Unsecured Convertible Bonds due 2024
USD 297,400,000 Senior Unsecured Convertible Bonds due 2024 BW OFFSHORE: USD 297,400,000 Senior Unsecured Convertible Bonds due 2024 Notice to Bondholders BW Offshore Limited USD 297,400,000 Senior Unsecured Convertible Bonds due 2024 (the Bonds”)(ISIN: NO0010867948) Capitalised terms not otherwise defined herein shall have the meanings given to them in the terms and conditions of the Bonds (the “Bond Terms”). In accordance with the Bond Terms, BW Offshore Limited as the Issuer hereby gives notice to Bondholders that, as a result of the Dividend of USD 0.088 payable to Shareholders of r...
BW Offshore: Ex dividend USD 0.088 today
BW Offshore: Ex dividend USD 0.088 today Ex dividend USD 0.088 today The shares in BW Offshore Limited will trade ex dividend USD 0.088 per share as from today, 4 March 2024. Dividend payment to shareholders will be on or about 12 March 2024. This information is published in accordance with the requirements of the Continuing Obligations. About BW Offshore:BW Offshore engineers innovative floating production solutions. The Company has a fleet of 5 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates t...
BW Offshore: Dividend information
BW Offshore: Dividend information Dividend information Reference is made to the Q4 2023 Presentation released 29 February 2024. BW Offshore Limited (“BW Offshore”) provides the following key information relating to its cash dividend for Q4 2023. Cash dividend:Cash dividend amount: USD 0.088 per share Declared currency: USD Timeline:Date of approval: 28 February 2024 Last day inclusive: 1 March 2024 Ex-date: 4 March 2024 Record date: 5 March 2024 Dividend payment date and delivery of Dividend Shares to shareholders: On or about 12 March 2024 This information is published in accor...
BW Offshore: Fourth quarter and full year results 2023
BW Offshore: Fourth quarter and full year results 2023 Fourth quarter and full year results 2023 HIGHLIGHTS Q4 EBITDA USD 91.1 million and operating cashflow of USD 230.0 million2023 EBITDA 305.5 million and operating cashflow of USD 558.6 millionEquity ratio 30.2% and USD 605.7 million in available liquidity at end-2023Q4 cash dividend USD 0.088 per share equivalent to USD 15.9 millionTotal dividend based on 2023 results of USD 48.6 million as a combination of cash and BW Energy shares in-kind to shareholdersBarossa FPSO project 80% complete at end-January 2024Successful mobilisa...
BW Offshore: Invitation to Q4 2023 Presentation 29 February
BW Offshore: Invitation to Q4 2023 Presentation 29 February Invitation to Q4 2023 Presentation 29 February BW Offshore will release its Q4 2023 results on Thursday 29 February at 07:30 CET. A conference call followed by Q&A will be hosted by CEO Marco Beenen and CFO Ståle Andreassen the same day at 09:00 CET. Conference call information: You can follow the presentation via webcast with supporting slides and a Q&A module, available on: Please note that if you follow the webcast via the above URL, you will experience a 30 second delay compared to the main conference call....
BW Offshore: Prospectus approved for listing of bond issue
BW Offshore: Prospectus approved for listing of bond issue Prospectus approved for listing of bond issue Reference is made to the stock exchange notice of 22 November 2023 regarding the issuance of NOK 1,000 million senior unsecured bonds with maturity on 29 November 2028 (the “Bonds”). The Bonds are issued with ISIN NO0013077560. The Financial Supervisory Authority of Norway has on 26 January 2024 approved the prospectus (the “Prospectus”) prepared by BW Offshore Limited in connection with the listing on the Oslo Stock Exchange of the Bonds. The admission to listing of the Bonds ...
BW Offshore: Decision related to mandatory offer for all shares in BW ...
BW Offshore: Decision related to mandatory offer for all shares in BW Energy from BW Group Decision related to mandatory offer for all shares in BW Energy from BW Group Reference is made to the announcement made by BW Group Limited (the "Offeror") on 13 December 2023 regarding the launch of a mandatory offer for all issued and outstanding common shares of BW Energy Limited ("BW Energy") not already owned by the Offeror at a price of NOK 27 per share (the "Offer"), and the offer document for the Offer dated 13 December 2023. BW Offshore Limited ("BW Offshore" or the "Company") owns 58,111,4...
BW Offshore: BW Catcher FPSO contract extended beyond fixed term
BW Offshore: BW Catcher FPSO contract extended beyond fixed term BW Catcher FPSO contract extended beyond fixed term BW Catcher FPSO is owned and operated by BW Offshore and is leased out under a seven-year fixed term contract, with extension options for an additional 18 years. The original seven-year base term of the contract expires on 6 January 2025 and from 6 January 2024 the contract is subject to a rolling 12-month termination right. Until such a termination notice is received, the contract automatically extends on a day-to-day basis beyond 6 January 2025 into the option period. Th...
BW Offshore: Dividend Shares
BW Offshore: Dividend Shares Dividend Shares Reference is made to the announcement on 16 November 2023, whereby BW Offshore Limited (“BW Offshore”) announced information relating to dividend payments. Based on our shareholder records as of 21 November 2023, a total of 1,933,035 BW Energy Limited shares have been distributed today to eligible BW Offshore shareholders, reducing BW Offshore’s ownership in BW Energy Limited from 23.27% to 22.52%. This information is published in accordance with the requirements of the Continuing Obligations. About BW Offshore:BW Offshore engi...
BW Offshore: USD 297,400,000 Senior Unsecured Convertible Bonds due 20...
BW Offshore: USD 297,400,000 Senior Unsecured Convertible Bonds due 2024 Notice to Bondholders BW Offshore Limited USD 297,400,000 Senior Unsecured Convertible Bonds due 2024 (the “Bonds”)(ISIN: NO0010867948) Capitalised terms not otherwise defined herein shall have the meanings given to them in the terms and conditions of the Bonds (the “Bond Terms”). In accordance with the Bond Terms, BW Offshore Limited as the Issuer hereby gives notice to Bondholders that, as a result of the Dividend in cash of USD 0.035 and the Dividend in kind of 0.0107 shares in BW Energy Limited (rounded down to ...
BW Offshore: Successful placement of senior unsecured bond issue
BW Offshore: Successful placement of senior unsecured bond issue Successful placement of senior unsecured bond issue 22 November 2023 – Reference is made to the stock exchange notice from BW Offshore Limited (the “Company”) dated 16 November 2023 regarding a contemplated new senior unsecured bond issue. The Company has successfully completed a new senior unsecured bond issue of NOK 1,000 million with a 5-year tenor, carrying a coupon of 3 months NIBOR + 5.00% p.a. with quarterly interest payments. The net proceeds from the bond issue will be applied towards refinancing of the Company's ex...
BW Offshore: Ex dividend
BW Offshore: Ex dividend Ex dividend Reference is made to the announcement on 16 November 2023, whereby BW Offshore Limited (“BW Offshore”) announced information relating to dividend payments consisting of a cash dividend of USD 0.035 per share, and 0.0107 shares in BW Energy Limited per share in BW Offshore. Dividend payment and distribution of shares to shareholders will be on or about 28 November 2023. The shares in BW Offshore will trade ex dividend as from today, 20 November 2023. This information is published in accordance with the requirements of the Continuing Obligations. ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.