reports
- ABGSC Oil & Oil Services Research
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
EQNR EQUINOR ASA
AKAST AKASTOR ASA
KOG KONGSBERG GRUPPEN ASA
SOC SUBSEA 7 S.A.
PEN PANORO ENERGY ASA
ARCHERO ARCHER
AKER AKER ASA CLASS A
DNO DNO ASA CLASS A
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
BWO BW OFFSHORE LIMITED
PRS PROSAFE
OKEA OKEA
BWE BW ENERGY
VAR VAR ENERGI ASA
SEAPT-NO SEACREST PETROLEO
DOFG DOF GROUP ASA
BW Offshore: Exercise of employee share options
BW Offshore: Exercise of employee share options Exercise of employee share options BW Offshore has completed an exercise window under its Long-Term Incentive Program (LTIP), during which a total of 400,852 vested options were exercised. The company's obligation under the program was settled using existing treasury shares. A third-party conducted sale process has now concluded, with the shares sold at a price of NOK 32.73 each. No primary insiders of the Company have exercised any options in this exercise window. BW Offshore holds 3,740,585 treasury shares following the option exercise. ...
BW Offshore: Ex dividend USD 0.0625 today
BW Offshore: Ex dividend USD 0.0625 today Ex dividend USD 0.0625 today The shares in BW Offshore Limited will trade ex dividend USD 0.0625 per share as from today, 4 June 2025. Dividend payment to shareholders will be on or about 12 June 2025. 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 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates t...
- ABGSC Energy Research
- Daniel Vårdal Haugland
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
BW Offshore: Dividend information
BW Offshore: Dividend information Dividend information Reference is made to the Q1 2025 Presentation released 2 June 2025. BW Offshore Limited (“BW Offshore”) provides the following key information relating to its cash dividend for Q1 2025. Cash dividend:Cash dividend amount: USD 0.0625 per share Declared currency: USD Timeline:Date of approval: 28 May 2025 Last day inclusive: 3 June 2025 Ex-date: 4 June 2025 Record date: 5 June 2025 Dividend payment date and delivery of Dividend Shares to shareholders: On or about 12 June 2025 This information is published in accordance with the ...
BW Offshore: First quarter results 2025
BW Offshore: First quarter results 2025 First quarter results 2025 HIGHLIGHTS Q1 EBITDA USD of 91 million and operating cashflow of USD 57 millionSale of BW Pioneer for USD 125 millionReceived USD 36 million arbitration settlement in April, USD 21 million recognised in EBITDARobust balance sheet with an equity ratio of 30.9% and USD 542 million in available liquidityQ1 cash dividend of USD 0.063 per shareBW Opal departed the shipyard in Singapore 28 MayFull-year 2025 EBITDA guidance maintained in the range of USD 220-250 million BW Offshore is nearing completion of the Barossa project w...
- ABGSC Energy Research
- Daniel Vårdal Haugland
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
BW Offshore: Annual General Meeting 2025 - Minutes
BW Offshore: Annual General Meeting 2025 - Minutes Annual General Meeting 2025 - Minutes The Annual General Meeting 2025 of BW Offshore Limited was held today. Please see the attached document for the minutes of the meeting. 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 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 mar...
BW Offshore: Acquires FPSO Nganhurra to leverage redeployment opportun...
BW Offshore: Acquires FPSO Nganhurra to leverage redeployment opportunities Acquires FPSO Nganhurra to leverage redeployment opportunities BW Offshore has signed an agreement to acquire the FPSO Nganhurra, securing a high-quality production unit in a market where comparable opportunities are becoming increasingly scarce. The transaction includes a limited upfront payment, with additional consideration contingent upon the successful redeployment of the unit before June 2027. With visible project opportunities emerging over the next few years, having this asset in place enhances our...
BW Offshore: Invitation to Q1 2025 Presentation 2 June
BW Offshore: Invitation to Q1 2025 Presentation 2 June Invitation to Q1 2025 Presentation 2 June BW Offshore will release its Q1 2025 results on Monday 2 June at 07:30 CEST. A conference call followed by Q&A will be hosted by CEO Marco Beenen and CFO Ståle Andreassen the same day at 09:00 CEST. 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. The web page works best in...
- ABGSC Energy Research
- Daniel Vårdal Haugland
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
BW Offshore: Successful handover of BW Adolo operations to BW Energy G...
BW Offshore: 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 withou...
BW Offshore: 2025 Annual General Meeting – Notice
BW Offshore: 2025 Annual General Meeting – Notice 2025 Annual General Meeting – Notice Notice is hereby given that the 2025 Annual General Meeting of BW Offshore Limited will be held at 18 Rebecca Road, Southampton, SN04, Bermuda, on 28 May 2025 at 2:00 p.m. (Bermuda time). Please see the attached documents in relation to the Annual General Meeting: Notice of the 2025 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 produ...
- Martin Huseby Karlsen
Muted 2025 growth expectations
Following Q1 earnings calls by some of the oil service companies, 2025 outlooks appear more challenging than previously. Baker Hughes expects international upstream spending to decline by mid- to high-single digits, while Halliburton sees its international revenues flat to slightly down. Furthermore, Weatherford expects 2025 international revenue to decline by low double- to mid-double digits. Precision Drilling flagged additional rig suspensions by Saudi Aramco, and SLB highlighted a slow start...
SDRL SEADRILL LTD
ARCHERO ARCHER
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
BWO BW OFFSHORE LIMITED
BORR BORR DRILLING
SHLF SHELF DRILLING LTD.
VAL VALARIS LTD
NE NOBLE CORP NEW
OTL ODFJELL TECHNOLOGY LTD
SDNS SHELF DRILLING NORTH SEA
DDRIL DOLPHIN DRILLING
DOFG DOF GROUP ASA
VTURA VENTURA OFFSHORE
PLSV PARATUS ENERGY SERVICES LTD.
- Martin Huseby Karlsen
ENI capex cut but maintains shareholder returns
Driven by macro headwinds and uncertainty around trade tariffs, ENI was the first large oil company to introduce capex cuts for 2025, contributing to a more challenging business environment for oil services. Over the past five years, we estimate ENI to have been the oil major with strongest offshore spending growth, and it has been considered active and opportunistic while others have been more conservative. Hence, we see its reduction as a soft datapoint for oil services. ENI has optimised its ...
SDRL SEADRILL LTD
ARCHERO ARCHER
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
BWO BW OFFSHORE LIMITED
BORR BORR DRILLING
SHLF SHELF DRILLING LTD.
VAL VALARIS LTD
NE NOBLE CORP NEW
OTL ODFJELL TECHNOLOGY LTD
SDNS SHELF DRILLING NORTH SEA
DDRIL DOLPHIN DRILLING
DOFG DOF GROUP ASA
VTURA VENTURA OFFSHORE
PLSV PARATUS ENERGY SERVICES LTD.
BW Offshore: Notification of trade
BW Offshore: Notification of trade Notification of trade With reference to stock exchange releases dated 8 April 2019 and 5 April 2024. 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 4 April 2025. The Company has subsequently entered into a new TRS agreement with exposure to the ...
- Martin Huseby Karlsen
E&P spending sensitivity explored
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...
SDRL SEADRILL LTD
ARCHERO ARCHER
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
BWO BW OFFSHORE LIMITED
BORR BORR DRILLING
SHLF SHELF DRILLING LTD.
VAL VALARIS LTD
NE NOBLE CORP NEW
OTL ODFJELL TECHNOLOGY LTD
SDNS SHELF DRILLING NORTH SEA
DDRIL DOLPHIN DRILLING
DOFG DOF GROUP ASA
VTURA VENTURA OFFSHORE
PLSV PARATUS ENERGY SERVICES LTD.
BW Offshore: Arbitration settlement
BW Offshore: Arbitration settlement Arbitration settlement BW Offshore Limited (“BW Offshore”) is pleased to report that, in respect of arbitration proceedings between, inter alios, Prio Comercializadora Ltda (previously known as Petro Rio O&G Exploração e Produção de Petróleo Ltda.) (as Claimant) and Prosafe Production B.V. and BW Offshore do Brasil Serviços Marítìmos Ltda (as Respondents) conducted in accordance with the Rules of the London International Court of Arbitration, the parties have, prior to the issuance of a final award, agreed to fully and finally settle the arbitration and ...
- ABGSC Oil & Oil Services Research
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
EQNR EQUINOR ASA
AKAST AKASTOR ASA
KOG KONGSBERG GRUPPEN ASA
SOC SUBSEA 7 S.A.
PEN PANORO ENERGY ASA
ARCHERO ARCHER
AKER AKER ASA CLASS A
DNO DNO ASA CLASS A
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
BWO BW OFFSHORE LIMITED
PRS PROSAFE
OKEA OKEA
BWE BW ENERGY
VAR VAR ENERGI ASA
SEAPT-NO SEACREST PETROLEO
DOFG DOF GROUP ASA
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Stian Wibstad
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