Previous close | 25.25 |
Open | 25.24 |
Bid | 0.00 x 0 |
Ask | 26.30 x 0 |
Day's range | 25.16 - 25.80 |
52-week range | 22.60 - 35.18 |
Volume | |
Avg. volume | 61,396 |
Market cap | 4.678B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | 3.53 |
EPS (TTM) | 7.26 |
Earnings date | N/A |
Forward dividend & yield | 1.56 (6.17%) |
Ex-dividend date | 26 May 2023 |
1y target est | N/A |
Ex dividend Reference is made to the announcement on 24 May 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 6 June 2023. The shares in BW Offshore will trade ex dividend as from today, 26 May 2023. This information is published in accordance with
Dividend information Reference is made to the Q1 2023 Presentation released 24 May 2023. BW Offshore Limited (“BW Offshore”) provides the following key information relating to its cash dividend and dividend in-kind for Q1 2023. Cash dividend:Cash dividend amount: USD 0.035 per share Declared currency: USD Dividend in-kind:Type of dividend: Shares in BW Energy Limited (“Dividend Shares”), which will be delivered to the VPS account on which the respective eligible BW Offshore shareholders hold the
First quarter results 2023 HIGHLIGHTS EBITDA of USD 79.0 millionOperating cashflow of USD 128.1 millionEquity ratio of 32.4% and USD 521.4 million in available liquidityDividend of USD 0.063 (NOK 0.68)1 per share for the quarterBarossa FPSO project 67% complete per end of April 2023Divested BW Opportunity and BW Athena, releasing USD 130 million of liquidityShort-term contract extensions signed for Abo FPSO and Espoir IvoirienRepurchased USD 14 million of Senior Unsecured Convertible Bonds as pe
Annual General Meeting 2023 - Minutes The Annual General Meeting 2023 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, +47 91 71 86 55Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40 IR@bwoffshore.com or www.bwoffshore.com About BW Offshore:BW Offshore engineers innovative floating production solutions. The Company has a fleet of 8 FPSOs with potential and
Invitation to Q1 2023 Presentation 24 May BW Offshore will release its Q1 2023 results on Wednesday 24 May 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 14:00 CEST. Conference call information: You can follow the presentation via webcast with supporting slides and a Q&A module, available on: BW Offshore Limited - Q1 Presentation Webcast Please note that if you follow the webcast via the above URL, you will experience
Short-term contract extension for Abo FPSO BW Offshore has signed a short-term extension for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until 31 May 2023. For further information, please contact:Ståle Andreassen, CFO, +47 91 71 86 55Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40 IR@bwoffshore.com or www.bwoffshore.com About BW Offshore:BW Offshore engineers innovative floating production solutions. The Company has a fleet of 8 FPSOs with pot
2023 Annual General Meeting – Notice Notice is hereby given that the 2023 Annual General Meeting of BW Offshore Limited will be held at 18 Rebecca Road, Southampton, SN04, Bermuda on 22 May 2023 at 2:30 p.m. (Bermuda time). Please see the attached documents in relation to the Annual General Meeting: Chairman’s LetterNotice of the 2023 AGMForm of ProxyRecommendation from the Nomination Committee For further information, please contact:Ståle Andreassen, CFO, +47 91 71 86 55Anders S. Platou, Head o
Short-term contract extension for Espoir Ivoirien BW Offshore Limited has signed a short-term extension for the lease and operation of the FPSO Espoir Ivoirien in order to discuss a potential purchase of the FPSO by the client. The firm period has been extended until 1 June 2023. The FPSO is operating on the Espoir field offshore the Ivory Coast. For further information, please contact:Ståle Andreassen, CFO, +47 91 71 86 55Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40 I
Partial repurchase of Senior Unsecured Convertible Bonds due 2024 BW Offshore Limited has today repurchased bonds with an aggregate principal amount of USD 4,000,000 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 222,800,000. For further information, please contact:Ståle Andreassen, CFO, +47 91 71 86 55Anders S. Platou, Head of Corporate Finance
Sale of the FPSO BW Athena BW Offshore has today closed the sale of the FPSO BW Athena to an undisclosed third party. The transaction is part of BW Offshore’s strategy to transition to floating energy infrastructure investments. The sale of the FPSO will have a limited positive effect on results to be presented for Q2 2023. At the time of closing, the unit was unencumbered and debt free. For further information, please contact:Ståle Andreassen, CFO, +47 91 71 86 55Anders S. Platou, Head of Corpo
Appoints Anders S. Platou as new Chief Strategy Officer BW Offshore has appointed Anders S. Platou as Chief Strategy Officer (CSO) effective from 1 July 2023. He joins the Senior Management team from his previous role as Head of Corporate Finance & Strategy. Before joining BW Offshore in 2018, Mr. Platou worked at DNB in various capacities within corporate and investment banking. He holds a Bachelor of Arts with Majors in Economics and International Relations from Tufts University. “Anders has b
Short-term contract extension for Abo FPSO BW Offshore has signed a short-term extension for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until 30 April 2023. For further information, please contact:Ståle Andreassen, CFO, +47 91 71 86 55Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40 IR@bwoffshore.com or www.bwoffshore.com About BW Offshore:BW Offshore engineers innovative floating production solutions. The Company has a fleet of 9 FPSOs with p
Notification of trade With reference to stock exchange release dated 8 April 2019. 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 30 March 2023. The Company has subsequently entered into
Closing of the sale of BW Opportunity With reference to the stock exchange release dated 10 March 2023. BW Offshore has today closed the transaction for the sale of the FPSO BW Opportunity for USD 125 million to an undisclosed third party. For further information, please contact:Ståle Andreassen, CFO, +47 91 71 86 55Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40 IR@bwoffshore.com or www.bwoffshore.com About BW OffshoreBW Offshore engineers innovative floating production
Dividend Shares Reference is made to the announcement on 28 February 2023, whereby BW Offshore Limited (“BW Offshore”) announced information relating to dividend payments. Based on our shareholder records as of 3 March 2023, a total of 1,697,868 BW Energy Limited shares will be prepared for distribution today to eligible BW Offshore shareholders, reducing BW Offshore’s ownership in BW Energy Limited from 25.42% to 24.76%. This information is published in accordance with the requirements of the C
Agreement for the sale of BW Opportunity BW Offshore has signed an agreement for the sale of the FPSO BW Opportunity to an undisclosed third party for a total consideration of USD 125 million. The sale is subject to conditions precedent and is expected to be completed by the end of the first quarter of 2023. In parallel, BW Offshore is exploring the commercial principles for the provision of EPCC (Engineering, Procurement, Construction and Commissioning) and O&M (Operations and Maintenance) serv
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
Long-Term Incentive Programme new awards With reference to stock exchange release dated 8 April 2019. The Board of Directors of BW Offshore Limited ("BWO" or the "Company") has approved the award of share options under the Long-Term Incentive Programme (LTIP) adopted in 2019, to align the interests of the participating employees with those of the Company's shareholders. This is the fifth annual award under the LTIP. The LTIP is discretionary, and participants are invited on an annual basis. The
Company presentation BW Offshore is presenting at the Sparebank 1 Markets’ Energy Conference today. Please see the attached presentation. For further information, please contact:Ståle Andreassen, CFO, +47 91 71 86 55Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40 IR@bwoffshore.com or www.bwoffshore.com About BW Offshore:BW Offshore engineers innovative floating production solutions. The Company has a fleet of 10 FPSOs with potential and ambition to grow. By leveraging fou
Fourth quarter and full-year results 2022 HIGHLIGHTS Q4 EBITDA of USD 104.9 million and operating cash flow of USD 174.7 million2022 EBITDA of USD of 345.7 million and operating cash flow of USD 650.3 millionEquity ratio of 32.9% and USD 371.0 million in available liquidity at end of 2022Cash dividend of USD 0.035 per share equivalent to USD 6 million and BW Energy shares as in-kind distribution of USD 5 million for the quarterDistributed USD 25.3 million in cash dividends and USD 13.6 million w
Invitation to Q4 2022 Presentation 28 February BW Offshore will release its Annual Report 2022 and Q4 2022 results on Tuesday 28 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: To dial in to the conference call where the fourth quarter results and Q&A will be hosted, please pre-register to the event call: BW Offshore Limited - Q4 Call Registration You can also follow the p
Update on the Gato do Mato project BW Offshore has been advised by Shell Brasil Petróleo Ltda (Shell) that final investment decision (FID) on the Gato do Mato oil and gas field development offshore Brazil will not be made within the next 12 to 24 months. The Company expects to receive formal notification terminating the limited notice to proceed (LNTP) in due course. BW Offshore will be reimbursed for costs incurred in line with the agreed terms of the LNTP. For further information, please conta
Third quarter results 2022 HIGHLIGHTS EBITDA of USD 80.4 millionOperating cashflow USD 191.9 millionEquity ratio 33.8% and USD 488.6 million in available liquidityCash dividend of USD 0.035 per share equivalent to USD 6 million and BW Energy shares as in-kind distribution of USD 5 millionBarossa FPSO project progress at 50% per end of OctoberProgressing towards contract award for Shell’s Gato do Mato development in BrazilSix-month contract extension signed for Sendje Berge BW Offshore continues
Invitation to Q3 2022 Presentation 18 November BW Offshore will release its Q3 2022 results on Friday 18 November at 07:30 CET. The company will host a presentation of the financial results 09:00 (CET) the same day at Hotel Continental in Oslo, Norway. The presentation will be given by CEO Marco Beenen and CFO Ståle Andreassen. You can also follow the presentation via webcast with supporting slides, available on: BW Offshore Webcast Q3 2022 Please note that if you follow the webcast via the abov
Extension of limited notice to proceed for the Gato do Mato development in Brazil BW Offshore is pleased to announce that Shell Brasil Petróleo Ltda (Shell) and its partners have extended the limited notice to proceed (LNTP) period with BW Offshore and Saipem S.p.A. This extension is valid until 15 February 2023 and is related to the supply of an FPSO for the Gato do Mato oil and gas field offshore Brazil. Terms of the contract are in agreed form. Upon completion of the extension period, BW Offs