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Solstad Offshore ASA (SOFF.OL)

SOFF.OL on Oslo Stock Exchange

1.86NOK
2:34pm GMT
Change (% chg)

kr-0.11 (-5.58%)
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Open
kr1.91
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kr1.85
Volume
631,579
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1,166,335
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kr7.69
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kr1.80

Latest Key Developments (Source: Significant Developments)

Solstad Offshore Enters Contract With Total Exploration & Production Congo
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Solstad Offshore ASA ::LONG TERM CONTRACT WITH TOTAL FOR CSV FAR SLEIPNER.ENTERED INTO A CONTRACT WITH TOTAL EXPLORATION & PRODUCTION CONGO FOR CSV "FAR SLEIPNER"..CONTRACT HAS A DURATION OF TWO YEARS FIRM PLUS FOUR SIX-MONTH OPTIONS.  Full Article

Solstad Offshore: DESS Aqua To Raise NOK 700 Mln Of Equity
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Solstad Offshore ASA ::COMPANY UPDATE.DESS AQUACULTURE SHIPPING IS RAISING NEW EQUITY TO FINANCE FLEET GROWTH..DESS AQUA HAS DECIDED TO RAISE NOK 700 MILL OF EQUITY..NEW EQUITY WILL BE RAISED THROUGH A PRIVATE PLACEMENT DIRECTED TOWARDS HEMEN HOLDING LTD AND MARINE HARVEST.DESS AQUA WILL BE OWNED BY SOLSTAD (APPROX. 20%), MARINE HARVEST (50%) AND HEMEN HOLDING LTD (APPROX 30%)..  Full Article

Solstad Offshore Signs PSV Contracts With Allseas
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - Solstad Offshore ASA ::PSV CONTRACTS AWARDED BY ALLSEAS.BOTH CONTRACTS ARE FOR 70 DAYS FIRM PLUS OPTIONS WITH COMMENCEMENT FIRST HALF OF DECEMBER 2018.CONTRACTS FOR TWO PSVS, NORMAND NALEY AND SEA SUPRA, FOR PIPE-HAUL DUTIES.ALLSEAS HAS AWARDED SOLSTAD OFFSHORE ASA CONTRACTS FOR TWO PSVS.  Full Article

Solstad Offshore: Sale Of Vessel
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Solstad Offshore ASA ::SALE OF VESSEL.DELIVERY OF VESSEL TO NEW OWNER TOOK PLACE ON WEDNESDAY NOVEMBER 21ST, 2018.SALE OF VESSEL WILL RESULT IN A MINOR POSITIVE ACCOUNTING EFFECT FOR 4Q 2018.UNITHAS SOLD PSV FAR SUPPLIER.  Full Article

Solstad Offshore: Contracts In Brazil
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Solstad Offshore ASA ::CONTRACTS IN BRAZIL.ENTERED INTO A CONTRACT FOR CSV "NORMAND PIONEER" WITH "QUEIROZ GALVÃO EXPLORAÇÃO E PRODUÇÃO S.A IN BRAZIL.CONTRACT HAS A DURATION OF TWO YEARS FIRM AND IN ADDITION CHARTERER HOLDS TWO YEARLY OPTIONS.CONTRACT WILL COMMENCE IN 1Q 2019 AND SHALL SUPPORT PRODUCTION AT "ATLANTA FIELD" IN SANTOS BASIN.  Full Article

Solstad Offshore Q3 Operating Loss Narrows To NOK 21 Million
Tuesday, 6 Nov 2018 

Nov 7 (Reuters) - Solstad Offshore ASA ::REPORTED ON TUESDAY Q3 OPERATING INCOME OF NOK 1.40 BILLION VERSUS 1.41 BILLION YEAR AGO.Q3 OPERATING LOSS OF NOK 21 MILLION VERSUS LOSS NOK 129.9 MILLION YEAR AGO.SAID MARKET RECOVERY IS SLOW AND RATE LEVELS STILL NOT AT SUSTAINABLE LEVELS .INCREASED DRILLING AND PRODUCTION ACTIVITY IS EXPECTED TO INCREASE FURTHER IN 2019 AND ONWARDS .  Full Article

Solstad Offshore Starts Negotiations To Improve Overall Liquidity Situation
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Solstad Offshore ASA ::COMPANY UPDATE.IT IS EXPECTED THAT COMING NORTH SEA WINTER SEASON WILL BE CHALLENGING FOR COMPANY'S LIQUIDITY POSITION.INITIATING THESE NEGOTIATIONS WILL HAVE NO IMPACT FOR OPERATIONS, CUSTOMERS, EMPLOYEES OR SUPPLIERS.IT HAS THEREFORE BEEN DECIDED TO COMMENCE NEGOTIATIONS WITH LENDERS AND OTHER STAKEHOLDERS TO IMPROVE OVERALL LIQUIDITY SITUATION.  Full Article

Solstad Offshore Awarded Contract With Global Sea Mineral Resources
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Solstad Offshore ASA ::NORMAND REACH AWARDED CONTRACT WITH GLOBAL SEA MINERAL RESOURCES\, MEMBER.CONTRACT WILL COMMENCE IN 4Q 2018 AND HAS A DURATION OF 4-6 MONTHS..  Full Article

Solstad Farstad: Far Swan Awarded Long Term Contract
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Solstad Farstad ASA ::FAR SWAN AWARDED LONG TERM CONTRACT.HAVE BEEN AWARDED A TWO-YEAR CONTRACT FOR PLATFORM SUPPLY VESSEL (PSV) FAR SWAN.FAR SWAN IS CURRENTLY MOBILIZING TO RAS LAFFAN, QATAR AND IS EXPECTED TO BE ON HIRE BY END OF SEPTEMBER..  Full Article

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

Oil service company Solstad seeks creditor talks, shares fall

OSLO Oil service company Solstad Offshore is seeking negotiations with creditors and other stakeholders to boost liquidity ahead of the slow winter season, the company said on Monday, sending its shares down around 20 percent.