trending Market Intelligence /marketintelligence/en/news-insights/trending/b2GfeBJJwk5E4ziC5--TNw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

BW Offshore to launch BW Energy IPO in Q1'20

S&P podcast - Coronavirus pandemic, oil price crash shake up energy sector

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper

Energy Evolution Podcast

US energy officials push innovation to meet evolving energy needs


BW Offshore to launch BW Energy IPO in Q1'20

BW Offshore Ltd. intends to launch an initial public offering for subsidiary BW Energy Ltd.'s new shares at a valuation ranging from $700 million to $800 million within the first quarter of the year.

The BW Energy unit's two main assets are the Dussafu Marine Permit offshore Gabon and the Maromba field in Brazil, according to a Jan. 15 news release. BW Energy owns 73.5% working interest in Gabon's Dussafu Marine Permit and a 95% interest in Brazil's Maromba field development.

The IPO is expected to generate $175 million in proceeds, which will go toward funding BW Energy's production growth, according to the release. The offering will also enable the distribution of BW Energy shares owned by BW Offshore to BW Energy shareholders.

BW Energy expects the 2020 production guidance from the Tortue field in the Dussafu block to hit 17,300 barrels per day to 21,600 bbl/d. The second phase of the Tortue field's development is slated to occur during the first and second quarters of the year. In addition, the company said it is aiming to produce the first oil from the Maromba field by the end of 2022.