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Dof ASA (DOF.OL)

DOF.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

DOF ASA Reports Qtrly Loss Per Share NOK 0.40
Wednesday, 22 May 2019 

May 22 (Reuters) - Dof ASA ::GROUP'S OPERATING INCOME FOR 1ST QUARTER (MANAGEMENT REPORTING) TOTALS NOK 1,633 MILLION (NOK 1,690 MILLION).GROUP'S Q1 OPERATING PROFIT BEFORE DEPRECIATION AND IMPAIRMENT (EBITDA) TOTALS NOK 496 MILLION (NOK 479 MILLION).Q1 OPERATING PROFIT (EBIT) IS NOK 133 MILLION (NOK - 11 MILLION).QTRLY EBITDA ADJUSTED FOR HEDGE ACCOUNTING IS NOK 541 MILLION (NOK 520 MILLION).QTRLY AVERAGE UTILISATION OF GROUP'S FLEET DURING 1ST QUARTER WAS 70%; 67% FOR SUBSEA FLEET.GROUP'S BACKLOG IS NOK 20 BILLION AS OF QUARTER END.QTRLY LOSS PER SHARE NOK 0.40.DOF- "AS A RESULT OF CONTINUED CHALLENGING MARKET SITUATION, GROUP HAS EXPERIENCED THAT REGULAR ROLLOVER OF EXISTING LOAN FACILITIES IS VERY CHALLENGING".DOF- NEW SITUATION IS LIKELY TO RESULT IN GROUP BEING IN BREACH OF ITS FINANCIAL COVENANTS IN NEAR FUTURE.DOF- NEW SITUATION IS LIKELY TO RESULT IN GROUP BEING UNABLE TO REPAY (OR ROLLOVER) CERTAIN OF ITS EXISTING LOANS WHEN THEY FALL DUE.BOARD EXPECTS TODAY THE GROUP’S EBITDA FOR 2ND QUARTER 2019 TO BE HIGHER THAN 1ST QUARTER.DOF- MANAGEMENT WILL COMMENCE A DIALOGUE WITH INVOLVED PARTIES, BELIEVES IT IS POSSIBLE TO REACH AGREEMENTS TO SOLVE EXPECTED SITUATION FOR GROUP.  Full Article

DOF Forms Partnership With Kongsberg Maritime, SINTEF Ocean And NORCE
Monday, 20 May 2019 

May 20 (Reuters) - Dof ASA ::DOF, KONGSBERG, SINTEF OCEAN, AND NORCE JOIN FORCES TO DELIVER `INTELLIGENT EFFICIENCY' FOR OFFSHORE OPERATIONS.FORMED A PARTNERSHIP WITH KONGSBERG MARITIME, SINTEF OCEAN AND NORCE.PARTNERSHIP AIMS TO REDUCE FUEL CONSUMPTION AND GREENHOUSE GAS EMISSIONS FOR COMPLEX OFFSHORE OPERATIONS, WHILE STREAMLINING FLEET-WIDE MAINTENANCE.PARTIES TO DEVELOP NEW DECISION SUPPORT SYSTEM (DSS) FOR OFFSHORE VESSEL OPERATIONS.  Full Article

DOF Subsea Gets Contract Awards
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Dof ASA ::DOF SUBSEA CONTRACT AWARDS.DOF SUBSEA, A SUBSIDIARY OF DOF ASA HAS BEEN AWARDED VARIOUS CONTRACTS.DOF - ADDING THESE NEW CONTRACTS TO PREVIOUSLY ANNOUNCED AWARDS GIVES DOF SUBSEA AN ORDER INTAKE OF MORE THAN NOK 1 BILLION IN SUBSEA/IMR PROJECT SEGMENT DURING FIRST TWO MONTHS OF 2019.  Full Article

Dof Awarded Three Long-Term Contracts In Brazil
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Dof ASA ::AWARD OF THREE LONG-TERM CONTRACTS IN BRAZIL.HAS BEEN AWARDED CONTRACTS FOR THREE ROV SUPPORT VESSELS (RSV) WITH PETROLEO BRASILEIRO S.A..ALL CONTRACTS HAVE A FIRM DURATION OF THREE YEARS AND CAN BE EXTENDED FOR ANOTHER TWO YEARS..ESTIMATED TOTAL FIRM CONTRACT VALUE IS NOK 1,3 BILLION..  Full Article

Dof ASA Q4 EBITDA Falls TO NOK 493 Million
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Dof ASA ::Q4 OPERATING INCOME NOK 1.70 BILLION VERSUS NOK 2.00 BILLION YEAR AGO.Q4 EBITDA NOK 493 MILLION VERSUS NOK 610 MILLION YEAR AGO.  Full Article

DOF Subsea And TechnipFMC Announce Delivery Of Skandi Olinda And Commencement Of Contract With Petrobras
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Dof Asa ::DOF SUBSEA AND TECHNIPFMC ANNOUNCE THE DELIVERY OF SKANDI OLINDA AND COMMENCEMENT OF CONTRACT WITH PETROBRAS.UNDER DOF/TECHNIPFMC JOINT VENTURE AGREEMENT, TECHNIPFMC WILL MANAGE FLEXIBLE PIPELAY.UNDER DOF/TECHNIPFMC JOINT VENTURE AGREEMENT, DOF WILL BE RESPONSIBLE FOR MARINE OPERATIONS.SAYS SKANDI OLINDA HAS COMMENCED ITS 8-YEAR CHARTER CONTRACT WITH PETRÓLEO BRASILEIRO S.A..  Full Article

TechnipFMC And DOF Subsea Announce Delivery Of Skandi Olinda, Commencement Of Contract With Petrobras
Monday, 18 Feb 2019 

Feb 18 (Reuters) - TechnipFMC PLC ::TECHNIPFMC AND DOF SUBSEA ANNOUNCE THE DELIVERY OF SKANDI OLINDA AND COMMENCEMENT OF CONTRACT WITH PETROBRAS.TECHNIPFMC PLC - SKANDI OLINDA HAS COMMENCED ITS 8-YEAR CHARTER CONTRACT WITH PETRÓLEO BRASILEIRO S.A.  Full Article

Dof Gets New Contract Skandi Sotra
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Dof ASA ::NEW CONTRACT SKANDI SOTRA.CONTRACT WILL COMMENCE TOMORROW IN DIRECT CONTINUATION FROM ITS PRESENT CONTRACT IN AUSTRALIA.SIGNED A 21 MONTHS CONTRACT FOR PSV SKANDI SOTRA (BUILT 2003.  Full Article

DOF Awarded 1-Year Contracts By Southern North Sea Pool
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Dof ASA ::DOF CONTRACT AWARDS.DOF CONTRACT AWARDS.HAS BEEN AWARDED 1-YEAR CONTRACTS BY SOUTHERN NORTH SEA (SNS) POOL, FOR VESSELS SKANDI CAPTAIN AND SKANDI TEXEL..COMMENCEMENT FOR SKANDI CAPTAIN WILL BE IN DIRECT CONTINUATION OF EXISTING CONTRACT, WITH SKANDI TEXEL COMMENCING IN Q2..  Full Article

DOF Subsea Gets Contract Award
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Dof ASA ::DOF SUBSEA CONTRACT AWARD.AWARD INCLUDES PROJECT MANAGEMENT, ENGINEERING, TOWING AND MOORING SERVICES AND IS EXPECTED TO BE COMPLETED BY Q3 2019.PROJECT WILL UTILIZE CSV SKANDI HERCULES.  Full Article