July 5, 2024 SBM Offshore and Technip Energies announce the formal implementation of Ekwil, a 50/50 Floating Offshore Wind (FOW) joint-venture. Ekwil is a pure player delivery partner offering a diversified range of ‘series production’ Floating Offshore Wind solutions to meet the growing and demanding needs of energy customers around the world. Ekwil brings together unrivalled expertise and experience of two energy transition leaders to collectively power progress with the two leading-edge techn
July 3, 2024 SBM Offshore reports the transaction details related to its EUR65 million (c. US$70 million) share repurchase program for the period June 27, 2024 through July 3, 2024. The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024 and effective from March 1, 2024. The objective of the program is to reduce share capital. Information regarding the progress of the share repurchase program and the aggregate of the transactions (calculated on a
June 11, 2024 SBM Offshore is pleased to announce that it has completed the acquisition of the shares in the lease and operating entities related to FPSOs N’Goma, Saxi Batuque and Mondo from its partner Sonangol EP. Simultaneously, SBM Offshore completed the sale of all its shares in the parent company of the Paenal shipyard in Angola to a subsidiary of Sonangol EP. The acquisition of the shares from Sonangol EP brings SBM Offshore’s ownership in the entities owning the FPSOs Saxi Batuque and Mo