reports
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Stian Wibstad
- Martin Huseby Karlsen
In a mid-cycle plateau
Following recent updates from E&P companies, we have reduced our 2025 offshore spending estimate to 0.5% (from c3% earlier this year). This is driven by a combination of actual 2024 spending being higher than expected (8% versus 4% previously), creating tougher comparables and a reduction in spending plans from Pemex in 2025. Despite growth flattening out, we still see the cycle building in duration, with execution of deepwater developments remaining on the agenda, albeit with a delayed executio...
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.
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Stian Wibstad
BW Offshore: Short-term extension for BW Pioneer
BW Offshore: Short-term extension for BW Pioneer Short-term extension for BW Pioneer BW Offshore has signed a short-term extension agreement, maintaining current terms, for the FPSO BW Pioneer with a subsidiary of Murphy Oil Corporation until 25 March 2025. This extension facilitates the completion of administrative processes necessary for finalising the sale. 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 3 FPSOs with potential and ambition to grow. By le...
- ABGSC Oil & Oil Services Research
- John Olaisen
- Oliver Dunvold
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Stian Wibstad
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Stian Wibstad
BW Offshore: Sale of FPSO BW Pioneer with five-year O&M contract with ...
BW Offshore: Sale of FPSO BW Pioneer with five-year O&M contract with the buyer Sale of FPSO BW Pioneer with five-year O&M contract with the buyer BW Offshore has signed an agreement for the sale of the FPSO BW Pioneer for USD 125 million to a subsidiary of Murphy Oil Corporation (NYSE:MUR), the operator of the Cascade & Chinook field. The transaction includes an initial payment of USD 100 million upon delivery of the FPSO at the end of the current contract period, 18 March 2025, followed by the remaining balance upon receipt of the full-term class certificate for the period 2025-2030, e...
BW Offshore: New awards under Long-Term Incentive Programme
BW Offshore: New awards under Long-Term Incentive Programme New awards under Long-Term Incentive Programme The Board of Directors of BW Offshore Limited ("BWO" or the "Company") has approved new awards under the Long-Term Incentive Programme (LTIP) adopted in 2024. 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 2025 is 8...
- ABGSC Oil & Oil Services Research
- Haakon Amundsen
- Stian Wibstad
BW Offshore: Company presentation
BW Offshore: Company presentation Company presentation BW Offshore is presenting at DNB 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 3 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 1,100 employees and is p...
BW Offshore: Ex dividend USD 0.14 today
BW Offshore: Ex dividend USD 0.14 today Ex dividend USD 0.14 today The shares in BW Offshore Limited will trade ex dividend USD 0.14 per share as from today, 3 March 2025. Dividend payment to shareholders will be on or about 11 March 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 3 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tail...
- ABGSC Oil & Oil Services Research
- Haakon Amundsen
BW Offshore: Dividend information
BW Offshore: Dividend information Dividend information Reference is made to the Q4 2024 Presentation released 27 February 2025. BW Offshore Limited (“BW Offshore”) provides the following key information relating to its cash dividend for Q4 2024. Cash dividend:Cash dividend amount: USD 0.14 per share Declared currency: USD Timeline:Date of approval: 26 February 2025 Last day inclusive: 28 February 2025 Ex-date: 3 March 2025 Record date: 4 March 2025 Dividend payment date and delivery of Dividend Shares to shareholders: On or about 11 March 2025 This information ...
BW Offshore: Fourth quarter and full year results 2024
BW Offshore: Fourth quarter and full year results 2024 Fourth quarter and full year results 2024 HIGHLIGHTS Q4 EBITDA USD 72 million and 2024 EBITDA USD 318 million in line with guidanceStrong commercial performance with Q4 operating cashflow of USD 79 million and 2024 operating cashflow of USD 363 millionRobust balance sheet with an equity ratio 30.8% and USD 540 million in available liquidityQ4 cash dividend raised to USD 0.14 per shareIncreased cash flow in sight with Barossa FPSO on track for April sail-awayFull-year 2025 EBITDA guidance in the range of USD 220-250 million BW Offshor...
- Aleksander Erstad
DOF Group (Buy, TP: NOK135.00) - Nearing refinancing
Q4 EBITDA was 8% below consensus, while cash flow was solid. Net debt has declined to a level where DOF should reach its target leverage ratio of 1.5–2.0x without further deleveraging needed (current NIBD to 2025e EBITDA is 1.8x), with focus shifting to shareholder returns after the expected refinancing is completed. The stock is trading at 2025–2026 EV/EBITDAs of 4.4–3.3x and an annualised DPS yield of 14% from Q2. We reiterate our BUY and NOK135 target price.
- ABGSC Oil & Oil Services Research
- Haakon Amundsen
- Njål Kleiven
- Stian Wibstad
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
- ABGSC Energy Research
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
- ABGSC Oil & Oil Services Research
- Haakon Amundsen
- Njål Kleiven
- Stian Wibstad
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