BW Energy IPO Awaits 'Right Window'

Thursday, October 10, 2019

Norway's BW Offshore will wait for markets to stabilize before launching a planned initial public offering of its oil production arm, BW Energy, an executive said on Thursday.

"We are generally ready to go to the market for a listing... however, looking at the market right now, with everything going on in the macro environment we see that the market isn't really where it needs to be," Staale Andreassen, BW Offshore's chief financial officer, told an investor conference.

"We are not in a need to go for an IPO for the capital, so we want to take our time and wait for the right window before an eventual IPO and capital raise is launched," he added.

The company has previously said it planned to list BW Energy on the Oslo Stock Exchange in 2019.


(Reporting by Victoria Klesty, writing by Nerijus Adomaitis, editing by Terje Solsvik)

Categories: Finance Industry News FPSO Floating Production

Related Stories

Thistle Wind Partners Submits Plans for Bowdun Offshore Wind Farm

Finder Energy Buys Petrojarl I FPSO for Timor-Leste Oil and Gas Projects

Semco Maritime to Work on Floatel Endurance Rig Optimization

Current News

Senegal to Nationalize Kosmos-Run Yakaar-Teranga Gas Project

Chevron Among Top Bidders at Gulf of Mexico Oil and Gas Auction

Thistle Wind Partners Submits Plans for Bowdun Offshore Wind Farm

Seatrium Gets Repeat Order from IMI for Arabia 4 Jack-up Rig

Subscribe for OE Digital E‑News