News & Videos - BW OFFSHORE LTD [CBOE]

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...

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...

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, +47 91 71 86 55 [email protected] or...

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, +47 91 71 86 55 [email protected] or...

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...

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, +47 91 71 86 55 [email protected] or www.bwoffshore.com 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...

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...

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. [email protected] www.bwoffshore.com 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...

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...

Fourth quarter and full year results 2023 HIGHLIGHTS Q4 EBITDA USD 91.1 million and operating cashflow of USD 230.0 million 2023 EBITDA 305.5 million and operating cashflow of USD 558.6 million Equity ratio 30.2% and USD 605.7 million in available liquidity at end-2023 Q4 cash dividend USD 0.088 per share equivalent to USD 15.9 million Total dividend based on 2023 results of USD 48.6 million as a combination of cash and BW Energy shares in-kind to shareholders Barossa FPSO project 80% complete...

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: BW Offshore Limited – Q4 Presentation Webcast Please note that if you follow the webcast via the above URL, you will...

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....

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...

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...

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...

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...

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...

Fixed Income Investor Meetings 16 November 2023 – BW Offshore Limited (the “Company”) has mandated Danske Bank and DNB Markets as Joint Lead Managers to arrange a series of fixed income investor calls commencing on Monday, 20 November 2023. A five-year NOK 1,000 million senior unsecured bond issue may follow, subject to inter alia market conditions. The net proceeds from the contemplated bond issue will be used to refinance the Company’s existing senior unsecured bonds with the ticker...

Dividend information Reference is made to the Q3 2023 Presentation released 16 November 2023. BW Offshore Limited (“BW Offshore”) provides the following key information relating to its cash dividend and dividend in-kind for Q3 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...

Third quarter results 2023 HIGHLIGHTS EBITDA of USD 74.5 million Operating cashflow of USD 116.3 million Equity ratio of 31.0% and USD 452.2 million in available liquidity Dividend of USD 0.063 (NOK 0.70) 1 per share for the quarter Barossa FPSO project 77.2% complete per end of October 2023 Abo FPSO sold for USD 20 million Offer launched to take BW Ideol private BW Offshore continued to execute the Barossa FPSO project with overall completion at 77.2% per end of October, according to schedule....