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Solstad Farstad ASA (SOFF.OL)

SOFF.OL on Oslo Stock Exchange

4.84NOK
21 Sep 2018
Change (% chg)

kr0.12 (+2.54%)
Prev Close
kr4.72
Open
kr4.74
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kr4.84
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kr4.70
Volume
777,737
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945,415
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kr7.69
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Latest Key Developments (Source: Significant Developments)

Solstad Farstad CEO sees OSV segment improving in 2019
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Solstad Farstad ASA CEO Lars Peder Solstad told an energy conference on Thursday::SOLSTAD FARSTAD CEO SAYS THERE IS GOOD REASON TO BE OPTIMISTIC ABOUT PLATFORM SUPPLY VESSEL SEGEMENT ALREADY NEXT YEAR.SOLSTAD FARSTAD CEO SAYS MARKET RECOVERY FOR BIGGER VESSELS USED IN OFFSHORE INSTALLATIONS IS FURTHER AWAY, IN 2020 AND ONWARDS.SOLSTAD FARSTAD CEO SAYS SUBSEA INSTALLATION SEGMENT IS EXPECTED TO GROW, HELPED BY OFFSHORE WIND DEVELOPMENTS.  Full Article

Solstad Farstad: Total E&P South Africa Contract Awards
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Solstad Farstad ASA ::TOTAL E&P SOUTH AFRICA CONTRACT AWARDS.CONTRACT WITH TOTAL E&P SOUTH AFRICA FOR NORMAND RANGER AND FAR STARLING.DURATION OF CONTRACTS ARE LIKELY TO BE APPROX. 90 DAYS FOR FIRM WELL PLUS MOBILIZATION AND DEMOBILIZATION TIME.  Full Article

Solstad Farstad Enters Long Term Contract For CSV Normand Tonjer
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Solstad Farstad ASA ::LONG TERM CONTRACT WITH FAIRFIELD INDUSTRIES INC. FOR CSV NORMAND TONJER.CONTRACT WILL COMMENCE IN 3Q 2018 AND HAS A DURATION OF ONE YEAR FIRM PLUS TWO YEARLY OPTIONS.  Full Article

Solstad Farstad Q2 Operating Result Turns To Loss Of NOK 148.3 Mln
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Solstad Farstad ASA ::REPORTED ON WEDNESDAY Q2 OPERATING INCOME OF NOK 1.36 BLN VERSUS NOK 711 MLN YEAR AGO.Q2 OPERATING LOSS NOK 148.3 MLN VERSUS PROFIT NOK 22.2 MLN YEAR AGO.Q2 VESSEL OPERATING EXPENSES NOK 950.5 MLN VERSUS NOK 464.7 MLN YEAR AGO.SAID INCREASED DRILLING AND PRODUCTION ACTIVITY WILL BENEFIT THE AHTS AND PSVS TO A CERTAIN EXTENT IN 2018, BUT EVEN MORE IN 2019 AND ONWARDS .SAID THAT DUE TO SIGNIFICANT REDUCTION OF LIQUIDITY SINCE THE DATE OF THE MERGER, THE COMPANY MONITORS THE SITUATION CLOSELY AND CONTINUES ITS EFFORTS TO REDUCE COSTS FURTHER AND SECURE ADDITIONAL CASH .  Full Article

Solstad Farstad Renews Contract With SBM Offshore For 2019, 2020
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Solstad Farstad ASA ::CONTRACT WITH SBM OFFSHORE FOR CSV "NORMAND INSTALLER".RENEWED ITS FRAME AGREEMENT WITH SBM OFFSHORE(SBM) FOR 2019 AND 2020.SBM WILL CHARTER CSV "NORMAND INSTALLER" FOR AT LEAST 114 DAYS OF WORK IN 2019 AND 105 DAYS IN 2020.  Full Article

Solstad Farstad: Contracts For Normand Australis And Normand Pacific
Wednesday, 25 Jul 2018 

July 25 (Reuters) - SOLSTAD FARSTAD ASA ::CONTRACTS FOR NORMAND AUSTRALIS AND NORMAND PACIFIC.ENTERED INTO A CONTRACT WITH MAGSEIS ASA.PRYSMIAN POWERLINK SRL HAS DECLARED THEIR OPTION TO EXTEND PRESENT CONTRACT FOR CSV, NORMAND PACIFIC.CONTRACT WILL COMMENCE IN Q3 2018 AND LAST FOR APPROXIMATELY THREE MONTHS..  Full Article

Solstad Farstad To Start Restructuring Of Solship Invest 3 And Subsidiaries
Friday, 20 Jul 2018 

July 23(Reuters) - SOLSTAD FARSTAD ASA ::SAID ON FRIDAY SI-3 ENTERED INTO AGREEMENT WITH ITS FINANCIAL CREDITORS FOR FINANCIAL RESTRUCTURING OF SI-3.FINANCIAL RESTRUCTURING INCLUDES DEFERRAL OF SCHEDULED INSTALMENTS, INTERESTS AND BAREBOAT PAYMENTS UNTIL DEC 31ST, 2019 IN TOTAL AMOUNT OF ABOUT USD 48 MLN.SI-3 WILL BE PROVIDED A LOAN FROM STERNA FINANCE LTD. IN THE AMOUNT OF USD 27 MILLION.  Full Article

Solstad Farstad: New Contracts And Contract Extensions
Tuesday, 17 Jul 2018 

July 17 (Reuters) - SOLSTAD FARSTAD ASA ::NEW CONTRACTS AND CONTRACT EXTENSIONS.BP EGYPT DECLARED ONE-YEAR OPTION ON PSV SEA SWIFT RESULTING IN CONTINUOUS UTILIZATION OF VESSEL THROUGH TO AUG 2019.EQUINOR BRASIL EXTENDED PRESENT CONTRACTS FOR PSV'S FAR SCOTSMAN AND FAR SERENADE WITH 3 MONTHS EACH TO DECEMBER 2018.SECURED ONGOING CHARTERS IN BASS STRAIT, AUSTRALIA, FOR AHTS'S FAR SENATOR AND FAR SARACEN AND PSV SEA SWAN.  Full Article

Solstad Farstad Unit Sells A Vessel
Wednesday, 20 Jun 2018 

June 20 (Reuters) - SOLSTAD FARSTAD ASA ::SALE OF VESSEL.DEEP SEA SUPPLY SHIPOWNING I AS, A WHOLLY OWNED SUBSIDIARY OF SOLSTAD FARSTAD ASA, HAS SOLD AHTS SEA JACKAL.SALE OF VESSEL WILL RESULT IN AMINOR NEGATIVE ACCOUNTING EFFECT FOR 2Q 2018.  Full Article

Solstad Farstad Appoints New Chairman Of Board
Monday, 14 May 2018 

May 14 (Reuters) - SOLSTAD FARSTAD ASA ::NEW CHAIRMAN OF THE BOARD.NEW CHAIRMAN OF BOARD.APPOINTED HARALD ESPEDAL AS NEW CHAIRMAN OF BOARD.TERJE VAREBERG STEPPED DOWN AS CHAIRMAN AND BOARD MEMBER AFTER 7 YEARS OF SERVICE.  Full Article

Investment firm Aker sees higher dividend as net asset value rises

OSLO, July 18 Investment firm Aker, controlled by billionaire Kjell Inge Roekke, expects to pay higher dividends as the value of its energy-heavy portfolio rise, CEO Oevind Eriksen told Reuters on Wednesday.