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Odim ASA Company News
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Rolls-Royce Acquires More Than 90% of ODIM Shares
Rolls-Royce Marine AS now holds rights to more than 90 percent of the shares in ODIM ASA.
8:00 PM EST | March 29, 2010
Rolls-Royce Gets Green Light for ODIM Acquisition
Rolls-Royce has obtained the necessary clearance from the Norwegian Competition Authority for the cash offer to acquire the outstanding shares in ODIM.
8:00 PM EST | March 21, 2010
Rolls-Royce Launches Cash Offer for Odim
Rolls-Royce has reached an agreement with the Board of ODIM ASA to launch a voluntary cash offer for all outstanding shares of ODIM ASA.
7:00 PM EST | February 25, 2010
Odim to Deliver Deepwater ROV Equipment
Odim has secured a contract from an international customer to deliver two automated ODIM LARS launch and recovery systems for remotely operated vehicles.
7:00 PM EST | February 25, 2010
Odim Secures Contract to Deliver 2 Launch, Recovery Systems for ROVs
Odim has secured a contract for delivery of two automated ODIM LARS launch and recovery systems for remotely operated vehicles.
8:00 PM EST | July 14, 2009
Aker Solutions Sells Stake in Odim to Rolls-Royce
Aker Solutions has entered into an agreement to sell its 33 percent stake in Odim to Rolls-Royce.
8:00 PM EST | June 28, 2009
Odim Secures Offshore Supply Contracts Totaling $5.4MM
ODIM has secured Offshore Supply contracts worth a total of US $5.4 million for systems due to be delivered from late 2009 to the beginning of 2010.
7:00 PM EST | December 18, 2008
Odim Snags Equipment Contracts for Chinese Vessel
Odim has received contracts from China's BGP CNCP for two equipment packages for automated handling of two-dimensional seismic and cranes.
8:00 PM EST | October 21, 2008
Odim Snags Order for 2 Deepwater Cranes from China's Zhejiang Shipyard
Odim received an order for two advanced deepwater cranes from China's Zhejiang Shipyard. The cranes will be installed on two subsea support ships set for delivery from December 2009 to February 2010.
8:00 PM EST | October 09, 2008
ODIM Raises 2008 Revenue Forecast 10% After Quarterly Record
ODIM has raised its revenue forecast for 2008 to NOK 2.2 billion after another quarter with record numbers. Revenues increased to NOK 502.1 million and exceeded half a billion in quarterly revenues for the first time ever.
8:00 PM EST | August 19, 2008
Odim Snags Seismic Contract Worth NOK 65MM
ODIM was awarded a contract worth some NOK 65 million by an international customer for the delivery of a 3D seismic handling solution. The contract has subject to financing.
8:00 PM EST | August 07, 2008
ODIM Nabs New Seismic Contract in China
ODIM secured a new contract, valued at NOK 80 million, from BGP CNPC in China, covering the delivery of an automated handling system for a 12-streamer seismic vessel.
8:00 PM EST | July 20, 2008
ODIM Cinches NOK 100MM Contract for Subsea Installations
Havila Shipping has awarded ODIM a contract of approximately NOK 100 million for the delivery of a 250 ton fiber rope ODIM CTCU system for subsea installations and two ODIM LARS systems. The delivery is scheduled for October 2010.
8:00 PM EST | July 08, 2008
ODIM, Sinopacific Ink NOK 52 MM Subsea and Deepwater Contract
A contract worth NOK 52 million covering
automated handling equipment has been awarded to ODIM by Zhejiang
Shipbuilding (Sinopacific Group) in China.
8:00 PM EST | June 11, 2008
ODIM Picks Up Crane Contract Worth NOK 32MM
ODIM has been awarded a contract by Ezra Marine
Services Pte Ltd, Singapore, with a value of NOK 32 million for delivery
of two 20 tonnes active heave compensated ODIM ABAS cranes.
8:00 PM EST | June 09, 2008
COSL Contracts ODIM for New Seismic Survey Vessel
ODIM has secured a contract with China Oilfield Services Limited for delivery of an automated
handling system for a 12 streamer seismic survey vessel.
8:00 PM EST | June 03, 2008
ODIM Soars to an All-Time High
ODIM maintained strong growth into 2008 owing to a high level of activity in the offshore sector.
8:00 PM EST | May 20, 2008
ODIM Wins Contract with Fugro Geoteam
To be used for three-dimensional seismic surveys, the equipment
represents the second part of the package and will be installed on Geo
Coral, the customer's third newbuilding.
8:00 PM EST | May 14, 2008
ODIM Wins Subsea, Deepwater Contract for NOK74 Million
A contract worth NOK 74 million covering automated
handling equipment has been awarded to ODIM's business segment for
Subsea & Deepwater Installation by Norway's Havila Ships AS.
8:00 PM EST | May 05, 2008
ODIM Wins Contract Worth NOK 50 Million
ODIM has signed a contract with seismic
specialist Fugro Geoteam for deliveries of handling equipment worth some
NOK 50 million.
8:00 PM EST | April 29, 2008
ODIM Awarded Contracts Worth NOK50 Million
ODIM has been awarded contracts for delivery of automated handling systems for seismic with a total contract value of approximately NOK 50 million.
7:00 PM EST | March 05, 2008
ODIM Award Top-Dollar Seismic Contracts
ODIM has been awarded
contracts for the delivery of automated handling
systems for the seismic industry, with a total
contract value of approximately NOK 40 million.
7:00 PM EST | December 13, 2007
Odim Wins Contract for Automated Handling Equipment
ODIM has been awarded a contract by an international client for delivery of automated handling systems for subsea operations.
7:00 PM EST | December 02, 2007
Odim Enters Deal with Aker Oilfield Services for Deepwater Equipment
ODIM has entered into a contract with Aker Oilfield Services for delivery of a tower and module handling system for deepwater installation.
7:00 PM EST | November 15, 2007
Odim Says 3Q07 Revenue Up 61% Over Last Year
In third quarter ODIM once again reached record levels on revenues, earnings and order back log.
7:00 PM EST | November 13, 2007
ODIM Agrees to Acquire ABAS & Aker Brattvaag for NOK 80 Million
ODIM has reached agreement on acquiring ABAS Crane of Aukra and Aker Brattvaag Winch in Sovik for a total of NOK 80 million.
8:00 PM EST | October 31, 2007
ODIM to Acquire Ulsteinvik-Based DIMO for NOK 36 Million
ODIM plans to acquire Ulsteinvik-based DIMO for NOK 36 million to strengthen after sales and service capacity within the organization.
8:00 PM EST | October 25, 2007
ODIM Awarded Contract Worth NOK 40 Million
ODIM has been awarded a contract worth NOK 40 million by EMGS for deliveries of automated handling systems for Seabed Logging.
8:00 PM EST | October 23, 2007
ODIM Gets Okay for JMC Acquisition
ODIM says the its acquisition of JMC will give it first class expertise and valuable engineering capacity that will be important in realizing the substantial potential for ODIM within the subsea and deepwater segments.
8:00 PM EST | October 07, 2007
Odim Wins NOK 160 Million Equipment Contract from Eastern Echo
ODIM was awarded a contract for automated handling solutions on vessels conducting three-dimensional seismic surveys by Eastern Echo, worth NOK 160 million.
8:00 PM EST | September 24, 2007
Merger Between Odim and OHI on Hold
The proposal to merge OHI AS and ODIM AS was withdrawn by the OHI board at an extraordinary general meeting of the latter company on September 12th.
8:00 PM EST | September 12, 2007
Odim to Establish Assembly and Testing Facility in Vung Tau
ODIM has resolved to establish a facility in Vung Tau, Vietnam for assembly and testing of automated handling solutions, as a follow up of the detailed analyses of the group's capacity requirements.
8:00 PM EST | September 11, 2007
Odim to Supply CTCU System to Aker Oilfield Services
ODIM has secured a contract from Aker Oilfield Services to deliver a 125-tonne ODIM CTCU system. This is as part of a joint industry project (JIP) supported by Norway's Demo 2000 research program.
8:00 PM EST | August 08, 2007
Odim Acquires JMC and Creates Deepwater Growth Platform
ODIM plans to acquire Stavanger-based JMC for NOK 100 million to further the company's goal of becoming a leading player in automateautomated handling solutions in the fast-growing deepwater segment.
8:00 PM EST | July 04, 2007
Odim Wins Subsea Contract from Allseas
Odim AS has secured a contract from Allseas Group covering the delivery of three automated handling systems for remotely operated vehicles (ROVs).
8:00 PM EST | June 12, 2007
Odim Announces Offshore Supply, Subsea Contracts
Odim ASA has been awarded Offshore Supply and Subsea contracts with a total
value of NOK 36 million.
8:00 PM EST | June 04, 2007
Odim Wins Seismic Handling Contract from Seabird
Odim ASA has won a contract from Seabird Exploration for the delivery of seismic handling systems for the Raven Explorer (four-streamer vessel) and Hugin Explorer (one--streamer vessel). The contract has a value of about NOK 30 million.
8:00 PM EST | May 24, 2007
Odim Wins Another PGS Contract
Odim ASA on Wednesday won a NOK 110-million contract for the delivery of a complete automated handling system for yet another Ramform vessel for Petroleum Geo-Services (PGS).
8:00 PM EST | May 02, 2007
emgs Orders Back Deck Systems from Odim
emgs has ordered two complete back deck systems from ODIM for the amount of NOK 32 million. The equipment will be delivered no later than December 1, 2008.
8:00 PM EST | April 25, 2007
Odim Wins Contract from Eastern Echo
Odim ASA has been awarded a contract worth NOK 200 million by the seismic company Eastern Echo of Dubai for an extensive delivery of automated handling systems for 3D seismic.
8:00 PM EST | March 19, 2007
Odim Wins Contract from Arrow Seismic
Odim ASA has been awarded a contract for delivery of automated handling
systems for a seismic vessel. The contract from Arrow Seismic is worth about NOK 60 million.
7:00 PM EST | February 28, 2007
Odim Wins Seismic Contracts from Arrow
Odim has been awarded contracts for delivery of automated handling
systems for various seismic projects for delivery all the way into 2009.
7:00 PM EST | February 21, 2007
Odim: First Sale of Fiber Rope Deployment System
ODIM has completed its first commercial sale of the Fiber Rope Deployment System (FRDS) based on ODIM's unique deepwater technology (ODIM CTCU) to Subsea 7.
7:00 PM EST | February 15, 2007
Odim Wins Subsea Contracts from Olympic, Bourbon
Odim ASA has won subsea contracts worth about NOK 30 million from Olympic Holding, Norway and Bourbon Gaia, France. The systems are due to be delivered from 2008 within first quarter 2009.
7:00 PM EST | February 12, 2007
ODIM Strengthens Management with Deepwater Focus
ODIM ASA has appointed Kjetil Leine, 42, the company's Senior Vice President – Mooring & Deepwater Installation.
7:00 PM EST | February 05, 2007
Odim to Supply Equipment to Fugro's Geo Caribbean
Odim was awarded a contract worth NOK 80 million by Fugro Geoteam, which is an execution of an option to supply automated handling systems for 3D seismic.<
7:00 PM EST | January 01, 2007
Odim to Supply Automated Equipment to Wavefield Inseis
A contract worth NOK 70 million for delivery of automated handling
equipment has been awarded by Wavefild Inseis As to Odim AS.
7:00 PM EST | November 26, 2006
Odim Wins FMC Subsea Contract
ODIM has been awarded a contract by FMC Kongsberg Subsea for delivery of the Odim Work Over Control System.
7:00 PM EST | November 01, 2006
Odim Wins Siem Contract
OdimASA has been awarded a contract by Siem Offshore Inc. to
supply one automated handling system for remotely-
operated vehicles (ROV).
7:00 PM EST | October 29, 2006
Odim Receives Good Report Card for CTCU-based Fiber Rope System
ODIM has received a promising status report on the CTCU based fiber rope deployment system currently in use in ultra deepwater in the Gulf of Mexico by Subsea 7.
8:00 PM EST | October 24, 2006