Solstad Offshore Company News

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Norwegian Firms to Create Offshore Oil Industry Supply Vessels Giant
Monday, February 06, 2017 Hit by the oil industry recession, Norwegian offshore service vessel (OSV) operators Farstad Shipping, Deep Sea Supply and Solstad Offshore announce plans to merge to counter the downturn.

Norway's $24B Fund Seeing End To Losses In Oil Services
Wednesday, August 17, 2016 The worst could be over for investors in Norwegian oil service high yield bonds.

Solstad Offshore Says Industry Must Consolidate to Restore Profits
Wednesday, February 24, 2016 Offshore supply vessel owners must form large companies in order to restore profitability to an industry battered by plunging demand from oil firms, Norway's Solstad Offshore says.

Solstad's DLB Norce Endeavour Secures Chevron's Gulf of Thailand Contract
Wednesday, December 02, 2015 Norway's Solstad Offshore inks a multi-year contract with Chevron for the firm's derrick lay barge "DLB Norce Endeavour" to work in the Gulf of Thailand in 2016.

New Petrobras Deal for Solstad Offshore
Friday, September 13, 2013 Petrobras signs up Solstad Offshore's Normand Drott vessel for another four years.

Solstad Offshore Takes Delivery of PSV
Friday, January 06, 2012 Solstad Offshore has taken delivery of Normand Arctic from STX OSV AS, Langsten.

Solstad Offshore Inks Contract with Ocean Installer for CSV
Wednesday, August 31, 2011 Solstad Offshore has signed a contract with Ocean Installer for hire of SOFF's offshore construction vessel Normand Clipper.

Newbuild ROV Support Vessel Normand Subsea Takes Its Name
Wednesday, September 23, 2009 Solstad and Subsea 7 have held the official naming ceremony for the Normand Subsea, a newbuild remotely operated vehicle support vessel and one of the largest and most sophisticated of its kind.

Solstad Cancels 2 Newbuilding Contracts Due to KMS Bankruptcy
Thursday, March 12, 2009 Solstad Offshore ASA announced the cancellation of two newbuilding contracts at Karmsund Maritime Services (KMS), after the yard announced its bankruptcy earlier today.

Solstad Charters 2 AHTS Vessels to Newfield, Murphy Oil
Friday, January 23, 2009 Solstad Offshore has entered into a long term contract for the AHTS's Normand Atlantic and Normand Ivan.

Normand Skarven Terminates Sale of AHTS Vessel
Monday, January 12, 2009 The potential buyer of the AHTS vessel Normand Skarven has not complied with further payment for the vessel. Therefore, the owner has decided to terminate the sales agreement.

Solstad Charters Normand Drott for Petrobras' Brazilian Operations
Tuesday, January 06, 2009 Solstad has entered into a four-year contract for the AHTS Normand Drott with Petrobras.

FPSO Espirito Santo Ready for Deepwater Installation Offshore Brazil
Monday, December 15, 2008 The FPSO Espirito Santos, which was completed in Singapore in early November, has arrived in Brazil and will be hooked up as part of the BC-10 deepwater development.

Clough Exercises Option to Entend Contract for Normand Clipper CSV
Monday, December 08, 2008 Clough has decided to extend its contract for the construction service vessel, Normand Clipper, with one year from June 2009.

Solstad to Monitor Construction Operations on 2 AHTS Vessels
Tuesday, October 28, 2008 Solstad noted that Karmsund Maritime Service has encountered operational problems related to the building of two anchorhandling vessels.

Solstad, ConocoPhillips Shake Hands for Normand Mjolne Vessel
Monday, October 20, 2008 Solstad Offshore has entered into a long-term contract of the AHTS-STBY vessel Normand Mjolne, with ConocoPhillips Skandinavia AS.

NOR Group Grabs AUD$122MM Subsea Service Contract
Tuesday, August 05, 2008 NorCE Offshore was awarded a 5-year contract from Woodside to support Woodside's IMR Campaign in Australia. The contract will be worth AUD$122 million to the NOR Group, and will be undertaken in a strategic alliance with i-Tech 7 for subsea work.

Solstad, SAE Shake on Vessel Normand Neptun Ship
Thursday, June 19, 2008 Offshore ASA (SOFF) have entered into a long term Contract with EDT Offshore Egypt S.A.E. for the AHTS vessel Normand Neptun. The contract has a duration of 1.5 years.

MPU Offshore Lift EUR 100 M Over Vessel Budget
Monday, June 02, 2008 MPU has a large vessel under construction at Keppel Verolme in Rotterdam, which is designed for decommissioning offshore installations. The project has encountered serious budget issues.

Solstad Buys 1 Million Shares in MPU Offhore Lift ASA
Friday, January 25, 2008 Following this transaction, Solstad Offshore ASA holds 25,370,150 shares in MPU, corresponding to 29.37 % of the shares.

MPU Offshore Lift Contracts MPU Heavy Lifter
Monday, January 07, 2008 MPU Offshore Lift ASA has entered into an agreement with Solstad Shipping AS for the operation, crewing and technical management of the MPU Heavy Lifter presently under construction at Keppel Verolme's yard in Rotterdam.

StatoilHydro Enters LOI for Normand Draupne
Wednesday, November 07, 2007 Solstad has entered LOI with StatoilHydro for a long-term Contract for the AHTS-STBY vessel Normand Draupne.

NOR Offshore May Be Listed on SGX-ST
Tuesday, October 23, 2007 Nor Offshore is currently awaiting the receipt of the conditional eligibility-to-list letter from the Singapore Exchange Securities Trading Limited (SGX-ST) for the listing of NOR on the Mainboard of the SGX-ST.

Solstad Inks LOI with Saipem for Four Platform Supply Vessels
Friday, October 19, 2007 Solstad has received a LOI from Saipem UK for provision of four platform supply vessls to support pipe-laying operations for the period 2008 to 2012.

Hallin Marine Wins Contract from NOR Offshore
Wednesday, October 10, 2007 Halin Marine wins a US $3.5 million contract to design, fabricate and outfit a fully classed four chamber, 15 man saturation diving system.

Reliance Terminates Contracts for Two of Solstad's AHTS Vessels
Monday, July 16, 2007 Reliance has used it's option to terminate the contracts for AHTS Normand Jarl and AHTS Normand Trym with 30 days advance notice.

Solstad Offshore Extends Subsea Agreement with Technip
Friday, May 04, 2007 Solstad Offshore has extended the frame agreement with Technip UK Limited for supply of vessels for construction and subsea services until end of 2011.

Solstad Acquires Stake in Rem
Wednesday, April 04, 2007 Solstad Rederi AS, a wholly owned subsidiary of Solstad Offshore ASA (SOFF), on Wednesday acquired 14,336,915 shares in Rem Offshore ASA (REM) at an average price of NOK 49.98 per share.

DeepOcean Purchases Vessel, Completes Private Placement
Friday, November 03, 2006 DeepOcean ASA (DeepOcean) has entered into a letter of intent with Solstad Offshore ASA for the purchase of the construction service vessel "Bold Endeavour" at a price of NOK 450 million.

DeepOcean to Buy Service Vessel from Solstad
Thursday, November 02, 2006 DeepOcean ASA (DeepOcean) has entered into a letter of intent with Solstad Offshore ASA for the purchase of the construction service vessel `Bold Endeavour` at a price of NOK 450 million.

DeepOcean Wins New Diavaz Contract
Wednesday, November 01, 2006 DeepOcean has been awarded a new contract from the contractor Diavaz in the Gulf of Mexico for the charter of Bold Endeavour for 26 months as from June 2007.

Statoil Charters New Ships for Safer Anchor Handling
Wednesday, October 11, 2006 Charters worth NOK 1.8 billion, including options, for three anchor handling newbuilds have been placed by Statoil with Norway's Solstad Offshore and Havila Shipping companies.

DOF and Solstad End Joint Venture
Friday, September 29, 2006 DOF ASA and Solstad Offshore ASA have agreed to end their joint-ventures in Brazil and in Singapore.

Solstad Building Two Anchor Handling Tugs
Thursday, September 28, 2006 Solstad Offshore has entered into a contract with Karmsund Maritime Service AS for the building of two large anchor handling vessels.

Solstad Orders New Construction Vessel
Thursday, September 14, 2006 Solstad has now entered into a letter of intent with Flekkefjord Slipp og Maskinfabrikk AS for the building of a large construction service vessel.

Solstad Awarded Contract by Subsea 7
Thursday, July 06, 2006 Solstad Offshore has received a Letter of Intent from Subsea 7 for the hire of a large construction service vessel for a fixed period of six years.

Solstad Offshore Purchases Construction Service Vessel
Thursday, June 01, 2006 Solstad Offshore has entered into an agreement with North Sea Invest AS for the purchase of the construction service vessel Bold Endeavour.

Solstad Inks Deal for Construction Vessel with Subsea 7
Tuesday, March 14, 2006 Solstad Offshore ASA has entered into an agreement with Subsea 7 for the hire of a large construction service vessel currently under construction at Ulstein Verft AS.

Clough Signs Long Term Charter for Normand Clipper
Tuesday, May 03, 2005 Clough has entered into an agreement with Norwegian company, Solstad Cable UK Limited, for the long term charter of the ex. cablelay ship Normand Clipper.

Wartsila to Provide Engines for Offshore Construction Vessel
Monday, September 20, 2004 Wartsila has been awarded a contract by Ulstein Verft AS in Norway for a 23 MW power plant to be installed in a new offshore construction vessel being built by Ulstein for the Norwegian offshore company Solstad Offshore ASA and the Swiss-based company Single Buoy Moorings.