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BW Offshore Limited

BWO.OL

Latest Trade

73.00NOK

Change

-0.15(-0.21%)

Volume

655,356

Today's Range

72.15

 - 

74.85

52 Week Range

29.55

 - 

74.85

As of on the Oslo Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

BW Offshore: Contract For FPSO Umuroa Not To Be Extended

Oct 14 (Reuters) - BW Offshore Ltd <BWO.OL>::HAS TODAY BEEN NOTIFIED BY CLIENT TAMARIND RESOURCES THAT CONTRACT FOR FPSO UMUROA, CURRENTLY OPERATING ON TUI FIELD OFFSHORE NEW ZEALAND, WILL NOT BE EXTENDED.WILL NOW START PREPARING FOR DEMOBILISATION OF UNIT FROM FIELD..

BW Offshore: Transfer Of Assets To BW Energy

Oct 1 (Reuters) - BW Offshore Ltd <BWO.OL>::REG-BW OFFSHORE: TRANSFER OF ASSETS TO BW ENERGY.BW OFFSHORE SINGAPORE PTE LTD. HAS TODAY ENTERED INTO SHARE SWAP AGREEMENTS PURSUANT TO WHICH SHARES IN AND RECEIVABLES ON CERTAIN SUBSIDIARIES.SHARE SWAP AGREEMENTS THROUGH WHICH COMPANY HOLDS ITS E&P ASSETS ARE TRANSFERRED ON AN ARMS' LENGTH BASIS TO BW ENERGY..

BW Offshore Says Approved By ANP As Operator In Brazil

Aug 17 (Reuters) - BW Offshore Ltd <BWO.OL>::APPROVED BY ANP AS OPERATOR IN BRAZIL AND TRANSFER OF PARTICIPATING INTEREST IN MAROMBA FIELD.BRAZIL'S ANP APPROVED TRANSFER OF CHEVRON, PETROBRAS' PARTICIPATING INTEREST IN MAROMBA FIELD TO BW OFFSHORE.TOTAL ACQUISITION PRICE FOR MAROMBA FIELD IS USD 115 MLN.APPROVAL AS OPERATOR SATISFIES MAIN CONDITION PRECEDENT FOR CLOSING OF MAROMBA FIELD ACQUISITION.APPROVAL WILL TRIGGER FIRST MILESTONE PAYMENT OF USD 30 MLN TO CHEVRON AND PETROBRAS.

BW Offshore Gets Contract Extension For Petróleo Nautipa

Aug 16 (Reuters) - BW Offshore Ltd <BWO.OL>::REG-BW OFFSHORE: CONTRACT EXTENSION FOR PETRÓLEO NAUTIPA.BW OFFSHORE HAS RECEIVED A ONE-YEAR CONTRACT EXTENSION FOR LEASE AND OPERATION OF FPSO PETRÓLEO NAUTIPA.FIRM PERIOD HAS BEEN EXTENDED TO Q3 2021 (FROM Q3 2020), WITH OPTIONS UNTIL Q3 2022.

BW Offshore: New CEO And CFO Appointed

July 1 (Reuters) - BW Offshore Ltd <BWO.OL>::REG-BW OFFSHORE: MANAGEMENT CHANGES AT BW OFFSHORE.MARCO BEENEN ASSUMES POSITION OF CHIEF EXECUTIVE OFFICER (CEO) OF BW OFFSHORE.STÅLE ANDREASSEN ASSUMES POSITION OF CHIEF FINANCIAL OFFICER (CFO) OF BW OFFSHORE.FORMER CEO AND CFO OF BW OFFSHORE, CARL K. ARNET AND KNUT R. SÆTHRE RESPECTIVELY, ASSUME POSITIONS OF CEO AND CFO OF BW ENERGY LTD., EXPLORATION AND PRODUCTION (E&P) SUBSIDIARY OF BWO.

BW Energy eyes 106 mln barrels of recoverable oil at Maromba

June 3 (Reuters) - BW Offshore's <BWO.OL> BW Energy unit told an investor briefing on Monday::BW ENERGY SAYS MAROMBA PHASE 1 DEVELOPMENT OFF BRAZIL IS EXPECTED TO PRODUCE AROUND 20,000 BOPD FROM Q1 2022, DEVELOPMENT COST AT AROUND $250 MILLION.BW ENERGY CEO SAYS TOTAL MAROMBA CAPITAL SPENDING IS EXPECTED TO BE AT AROUND $525 MLN, WHEN FPSO LEASE IS INCLUDED.BW ENERGY ESTIMATES MAROMBA DISCOVERY OFF BRAZIL TO HOLD AROUND 106 MILLION BARRELS OF RECOVERABLE OIL.BW ENERGY EXPECTS A TOTAL 2019-2025 NET CAPEX OF $1.4 BILLION.BW ENERGY CEO SAYS HE EXPECTS COMPANY'S PRE-CASH VALUATION IN IPO TO BE AT AROUND $750 MILLION.

BW Offshore eyes Energy spin-off by mid-H2 2019

May 29 (Reuters) - BW Offshore Ltd <BWO.OL>::SAYS BW ENERGY ON TRACK TO TRIPLE DUSSAFU PRODUCTION TO AROUND 30,000 BOPD BY Q4 2021.SAYS BW ENERGY TARGETS A LISTING ON OSLO STOCK EXCHANGE BY MID H2 2019.SAYS BW ENERGY AIMS TO COMPLY WITH 25% FREE FLOAT OF SHARES WHEN LISTING IN OSLO.

BW Offshore Q1 EBITDA $186.8 Million, Above Estimates

May 23 (Reuters) - BW Offshore Ltd <BWO.OL>::EBITDA FOR Q1 OF 2019 WAS USD 186.8 MILLION, AN INCREASE FROM USD 148.9 MILLION IN Q4 2018.GROSS PRODUCTION FROM TORTUE AVERAGED 12,500 BBLS PER DAY IN Q1.CARL K. ARNET AND KNUT R. SÆTHRE TO STEP DOWN AS CEO AND CFO RESPECTIVELY, FROM 30 JUNE 2019.Q1 TORTUE PRODUCTION 1.1 MILLION BBLS (GROSS) WITH FIELD UPTIME OF 99%.SAYS Q1 AVERAGE GROSS PRODUCTION STABLE AT ABOUT 12,500 BOPD.SAYS TORTUE PHASE 2 PROGRESSING AS PLANNED.Q1 NET PROFIT $36.6 MILLION (REUTERS POLL $35.8 MILLION).SAYS TORTUE PHASE 2 WILL CONTRIBUTE TO LOWER UNIT COSTS FROM 2020.EVALUATING FIELD DEVELOPMENT PROSPECTS, INCLUDING FPSOS.THE EFFECT OF SEVERAL YEARS OF UNDER-INVESTMENT WILL LIKELY BECOME MORE EVIDENT IN COMING YEARS, AS PRODUCTION TIED TO INVESTMENTS MADE IN THE PREVIOUS UP-CYCLE IS INCREASINGLY SUBJECT TO NATURAL DEPLETION..SAYS EFFECT OF SEVERAL YEARS OF UNDER-INVESTMENT WILL LIKELY BECOME MORE EVIDENT IN COMING YEARS.THE MARKET OUTLOOK FOR OFFSHORE FIELD DEVELOPMENTS AND FPSOS IN PARTICULAR IS FAVOURABLE..THE COMPANY IS CURRENTLY EVALUATING FIELD DEVELOPMENT PROSPECTS, INCLUDING FPSOS..THE FLEET SHOULD CONTINUE TO GENERATE SIGNIFICANT CASH FLOW IN THE TIME AHEAD..THE COMPANY MAINTAINS A COMMERCIALLY DISCIPLINED APPROACH TO NEW INVESTMENTS BY BIDDING SELECTIVELY ON NEW PROJECTS..Q1 EBITDA $186.8 MILLION (REUTERS POLL $161 MILLION).

BW Offshore Says Entered Return Swap Agreement With Financial Exposure To 105,000 Shares

May 3 (Reuters) - BW Offshore Ltd <BWO.OL>::BW OFFSHORE LIMITED HAS ENTERED INTO A TOTAL RETURN SWAP AGREEMENT WITH FINANCIAL EXPOSURE TO 105,000 SHARES IN BWO.EXPIRY DATE FOR TRS AGREEMENT IS 7 APRIL 2022, AND TRS PRICE IS NOK 52.66 PER SHARE.FOLLOWING THIS TRANSACTION, BWO HOLDS TRS AGREEMENTS WITH FINANCIAL EXPOSURE TO 1,053,000 SHARES.

BW Offshore Enters Total Return Swap Agreement

May 1 (Reuters) - BW Offshore <BWO.OL>::SAID ON TUESDAY ENTERED INTO A TOTAL RETURN SWAP ("TRS") AGREEMENT WITH FINANCIAL EXPOSURE TO 210,000 SHARES IN BWO.EXPIRY DATE FOR THE TRS AGREEMENT IS 7 APRIL 2022, AND THE TRS PRICE IS NOK 53.52 PER SHARE.FOLLOWING THIS TRANSACTION, BWO HOLDS TRS AGREEMENTS WITH FINANCIAL EXPOSURE TO 768,000 SHARES.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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