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

SBM Offshore Hooks ExxonMobil’s Jaguar FPSO Contract

BW Offshore Sets Out Plans to Recycle FPSO Petróleo Nautipa

PGS Secures 3D Contract in South Atlantic

Current News

ABL Gets Neptun Deep Job for OMV Petrom in Black Sea

Petrobras and China’s CNCEC to Collaborate on Oil and Gas, Renewables

Norway Clears TGS and PGS Merger

Full Capacity Operations at Tyra II Gas Development Up for Potential Delays

Subscribe for OE Digital E‑News