News and media

News

Far Swan wins again

Far Swan has yet again being awarded and emerged as the winner of the Qatargas vessel of the Quarter for first quarter of 2020. This is the 2nd achievement, as she received the same award in 2Q of 2019, for this charter.

Solstad Offshore ASA

Correction incl enclosures: Summons to bondholders’ meeting

Reference is made to the stock exchange notice by Solstad Offshore ASA 8 May 2020.

Solstad Offshore ASA

Contracts for CSV’s Far Saga and Normand Energy

Solstad Offshore ASA (“SOFF”) is pleased to announce that the Brazilian flagged CSV, Far Saga, has been awarded a contract with Petróleo Brasileiro S.A. (“Petrobras”) for a period of 3 years firm.

News

Successful restructuring on multiple fronts

On May 8th of this year, we reported to the market that Solstad Offshore ASA, its creditors and industrial shareholders have come to an agreement in the financial restructuring process of the group. We are pleased to announce that the restructuring – a significant milestone which means that Solstad will continue to operate in a controlled manner, with predictability for employees, clients and other stakeholders – is now complete.

Solstad Offshore ASA

Restructuring Implementation Agreement

Reference is made to the stock exchange notice 31 March 2020 where Solstad Offshore ASA (the “Company”) and its subsidiaries (“SOFF” or the “Group”) informed that it had agreed on a plan with key stakeholders to finalise the negotiations for an agreement for the financial restructuring of the Group.

Solstad Offshore ASA

Medium-term contracts for multiple vessels

Solstad Offshore ASA has entered into medium-term contracts for six of its vessels for a period of 80 to 170 days each with undisclosed Clients. Commencement will be around 1st July and the operation are outside the North Sea.

Solstad Offshore ASA

Restructuring update

Reference is made to the stock exchange communication of Solstad Offshore ASA (the “Company”) of March 31st, 2020 in which it was announced that the Company and a large majority of its stakeholders had established a common plan to finalise the negotiations for the restructuring of the Company on the basis of a restructuring outline (as described in the communication, the “Restructuring Outline”).

News

SMART Award to Normand Subsea

Normand Subsea has been awarded a SMART award from Subsea 7 for the contribution and ownership that they took on the 2019 Normand Subsea HSE Engagement Plan. The Normand Subsea team were recognized for a SMART award due to the collaborative contribution of the team on-board (i-Tech 7 & Solstad) to the 2019 HSE Engagement Plan and determination of the team to ensure that the Normand Subsea is a safe worksite that we can all be proud of.

Solstad Offshore ASA

Financial Calendar

17.04.2020, 12:19:04 pm

Financial calendar for Solstad Offshore ASA.

Solstad Offshore ASA

Delivery of DLB Norce Endeavour to new owner

Solstad Offshore ASA (“the Company”) informed in March of this year that Saipem Portugal Commercio Maritimo Ltd has exercised the purchase option for the DLB Norce Endeavour, and the Company is pleased to announce that delivery of the barge now has taken place.