Industry News

SBM Offshore divests minority interest in FPSO Sepetiba

October 24, 2024 SBM Offshore announces it has completed the divestment of a 13.5% ownership interest in the special purpose companies related to the lease and operation of the FPSO Sepetiba to China Merchants Financial Leasing (Hong Kong) Holding Co., Limited (CMFL)....

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Equinor third quarter 2024 results

Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted operating income* of USD 6.89 billion and USD 2.04 billion after tax in the third quarter of 2024. Equinor reported net operating income of USD 6.91 billion and net income at USD 2.29 billion. Adjusted net income* was...

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ChampionX Reports Third Quarter 2024 Results

Revenue of $906.5 millionNet income attributable to ChampionX of $72.0 millionAdjusted net income of $85.9 millionAdjusted EBITDA of $197.5 millionIncome before income taxes margin of 11.2%Adjusted EBITDA margin of 21.8%Cash from operating activities of $141.3 million...

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Weekly share repurchase program transaction details

October 23, 2024 SBM Offshore reports the transaction details related to its EUR130 million (c. US$140 million) share repurchase program for the period October 17, 2024 through October 23, 2024. The repurchases were made under the EUR65 million share repurchase...

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