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The latest update is out from BW Energy Ltd. ( (DE:6BW) ).
BW Energy has secured a USD 250 million Corporate Revolving Credit Facility from DNB Bank to enhance its financial flexibility for ongoing field development and general corporate purposes. This facility, backed by BW Group, underscores confidence in BW Energy’s strategic direction and provides cost-effective capital access, supporting the company’s growth projects and maintaining liquidity.
More about BW Energy Ltd.
BW Energy is a growth-oriented exploration and production company focusing on proven offshore oil and gas reservoirs. The company employs a strategy of low-risk phased developments and utilizes existing production facilities to expedite time to first oil and cash flow, requiring lower investments than traditional offshore projects. BW Energy operates several assets, including major interests in fields in Gabon, Brazil, and Namibia.
Average Trading Volume: 85,949
Current Market Cap: NOK9.14B
Learn more about 6BW stock on TipRanks’ Stock Analysis page.