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The latest announcement is out from BW Offshore ( (GB:0RKH) ).
BW Offshore has agreed to sell the FPSO BW Pioneer to a subsidiary of Murphy Oil Corporation for USD 125 million. The sale aligns with BW Offshore’s strategy to leverage its existing FPSO fleet and includes a five-year operations and maintenance contract, enhancing the company’s financial position and supporting its long-term growth strategy in floating production infrastructure and energy transition solutions.
More about BW Offshore
BW Offshore engineers innovative floating production solutions and operates a fleet of three FPSOs, with ambitions for growth. With over four decades of experience in offshore operations and project execution, the company provides tailored offshore energy solutions globally. BW Offshore is publicly listed on the Oslo Stock Exchange and employs around 1,100 people.
YTD Price Performance: -2.32%
Average Trading Volume: 2,410
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK4.95B
See more insights into 0RKH stock on TipRanks’ Stock Analysis page.