TTS Marine Company News

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TTS Secures Delivery Contract
Tuesday, May 11, 2010 TTS Group ASA's Marine division has secured a contract for delivery of ships equipment worth approximately NOK 46m.

TTS Supplies Equipment to Bergen Group for Offshore Newbuildings
Tuesday, May 12, 2009 TTS Ships Equipment AS has secured its first major contract to supply equipment to Bergen Group-BMV for four of its latest projects -- building offshore vessels designed by Skipsteknisk AS, Alesund.

Ability Calls Off Frame Agreement Option, Land Rig to Be Delivered in 2010
Friday, January 23, 2009 Ability Drilling has called off an option included in its frame agreement with TTS Marine to produce and deliver one Ultrasingle 150 tons Work-over 'Rack & Pinion' Land Rig.

TTS Marine Inks Deal with Mexican Company to Deliver 5 Land Rigs
Monday, January 12, 2009 TTS has entered into a contract with the Mexican company MIPPSA for the delivery of five mobile land rigs scheduled during the second half of 2009.

TTS Marine Grabs Delivery Contract for 7 Land Rigs
Monday, July 21, 2008 TTS Marine ASA's Drilling Equipment division entered into a contract with Weatherford Drilling, worth approximately NOK 380 million, for delivery of seven Ultrasingle 150 tons 'rack and pinion' mobile land rigs. Delivery is slated for early 2009.

TTS Marine Wins North Sea Contract
Friday, May 02, 2008 TTS Marine ASA's Marine Cranes division has landed a contract worth approximately NOK 33m for delivery of its first anchor handling winches.

TTS Signs $91.3M Land Rig Contract
Wednesday, February 13, 2008 This new agreement with Ability Drilling concerns delivery of five onshore drilling rigs, the first with delivery in August 2009 and the last in April 2010.

TTS Confirms Acquisition of the Drilling Technology Company Wellquip
Thursday, January 03, 2008 TTS has now conducted a due diligence review of the company, which was successful. TTS' (Sense EDM AS) take-over of Wellquip will be made effective as of medio January 2008.

TTS Marine to Supply Drilling Equipment Package to Keppel FELS
Monday, September 24, 2007 TTS Marine ASA's Drilling Equipment division has landed a contract worth approximately NOK 230m with delivery summer 2010 with Singapore-based Keppel FELS.

Marine Cranes Lands Order from Davie Shipyard
Wednesday, September 12, 2007 TTS Marine Cranes AS, Bergen, Norway landed a contract worth approximately NOK 38m for delivery of 3 offshore cranes to the yard Davie Quebec Inc., Quebec, Canada.

TSMarine Puts the Rem Etive to Work Offshore India
Tuesday, August 14, 2007 TSMarine (Contracting) Ltd's newest offshore support vessel, the Rem Etive, has been contracted to work in Mumbai as part of a US$100 million deal with DeepOcean ASA.

Oceanteam Wins First Contract from Nexans Norway
Tuesday, July 03, 2007 Oceanteam Power and Umbilical has signed a contract for the DP2 cable lay and repair vessel TEAM OMAN with Nexans Norway for umbilical repair work in the Middle East.

TTS Marine Lands Offshore Crane Contract
Tuesday, June 26, 2007 Through its subsidiary TTS Marine Cranes AS in Bergen, TTS Marine ASA's Marine Cranes division has landed a contract worth approximately NOK 64m for delivery of offshore cranes.

TTS Marine Wins Drilling Equipment Contract from Jurong
Tuesday, June 12, 2007 Through its subsidiary Sense EDM AS in Kristiansand, TTS Marine ASA's Drilling Equipment division has landed a contract with Jurong Shipyard in Singapore worth approximately NOK 385m with delivery around mid-2009.

TTS Completes Sense EDM Acquisition
Friday, May 25, 2007 TTS Marine ASA has acquired 100 percent of the shares in Sense EDM AS.

TTS: Bond Issue a Success
Tuesday, May 22, 2007 With reference to statement sent to Oslo Stock Exchange on May 4, 2007, TTS Marine ASA said that the company has closed a 3 year Unsecured Bond Issue in the Norwegian market.

TTS Marine Acquires Sense EDM
Monday, April 30, 2007 TTS Marine ASA has signed an agreement to purchase all shares of the company Sense EDM AS at a price of NOK 525m. The company delivers drilling equipment and control systems to both the on- and offshore industry.