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Published 01-07-2009 in the Investor category

Siem Offshore Raises NOK 900 Million in a Private Placement

Siem Offshore Inc. ("Siem Offshore" or the "Company") today announced that the Company has successfully raised gross proceeds of NOK 900 million in a private placement directed towards professional Norwegian and international investors after the close of the Oslo Stock Exchange on 30 June 2009. 105,882,353 new shares will be issued in relation to the private placement at a price of NOK 8.50 per share. The share issue represents approximately 41.7% of the current outstanding number of shares in the Company.

Published 30-06-2009 in the Investor category

Contemplated Private Placement

Siem Offshore Inc ("Siem Offshore" or the "Company") has decided to conduct a private placement of new shares directed towards professional Norwegian and international investors after the close of the Oslo Stock Exchange today.

Published 30-06-2009 in the Investor category

Hull Replacement and Accompanying Debt Financing

Siem Offshore Inc ("the Company") has accepted a proposal from the Kleven yard to utilise an existing hull for the construction of one of the eight anchor handling tug supply vessels ("AHTS vessel") to be built for the Company.

Published 26-06-2009 in the Investor category

Letter of Intent

Siem Offshore Inc has as part of a consortium entered into a Letter of Intent for a four years contract with Oil and Natural Gas Corporation Limited, India (“ONGC”).

Published 16-06-2009 in the Investor category

Extension of charter contract

Siem Offshore Inc and Five Oceans Services GmbH have agreed to extend the firm period of the current charter contract for the “M/V Siem Carrier” with an additional three years until November 2013 on current terms.

Published 09-06-2009 in the Investor category

Charter contract for MRSV

Siem Offshore Inc has entered into a charter contract (“the Contract”) for the Multi-purpose ROV Support Vessel (“the Vessel”) “Siem Dorado” that shall be delivered from a Norwegian yard in mid-June 2009.

Published 09-06-2009 in the Investor category

Siem WIS enters into new contract with StatoilHydro

Siem WIS, a company 60% owned by Siem Offshore, is pleased to announce that a contract is entered into with StatoilHydro in connection with the development and qualification of Siem WIS’ Riser Pressure Control Device (RPCD).

Published 09-06-2009 in the Investor category

Debt Financing

Siem Offshore Inc has received and accepted an offer for a NOK 2.1 billion loan and guarantee facility (“the Facility”) for the debt financing of the remaining seven anchor handling tug supply vessels (“AHTS vessels”) to be built at a Norwegian yard.

Published 21-04-2009 in the Investor category

2009 AGM Notice and Proxy Statement

2009 AGM - Notice, Proxy Statement and Proxy Card

Published 23-03-2009 in the Investor category

Cancellation of two shipbuilding contracts for AHTS vessels

Siem Offshore and Kleven yard has agreed to cancel two shipbuilding contracts for AHTS vessels for the mutual benefit of both parties. Capacity issues with major subcontractors as well as the general market turmoil were instrumental factors for both Siem Offshore and Kleven yard to arrive at this decision.

Published 04-03-2009 in the Investor category

Charter contract for MRSV

Siem Offshore Inc has entered into a charter contract (“the Contract”) for the Multi-purpose ROV Support Vessel (“the Vessel”) Siem Marlin that was delivered from the Kleven yard on 27 February 2009.

Published 26-02-2009 in the Investor category

Results Q4 2008

Siem Offshore Inc (Oslo Stock Exchange: SIOFF) today reports results for the fourth quarter 2008.

Published 28-01-2009 in the Investor category

Update JOIDES Resolution

The vessel JOIDES Resolution has completed the conversion phase and commenced the operation phase of the contract with Texas A&M Research Foundation (TAMRF) for the use of the JOIDES Resolution as a Scientific Ocean Drilling Vessel for the Integrated Ocean Drilling Program’s phase II. The operation phase of the contract has an initial term until September 2013, with ten additional years of options.

Published 28-01-2009 in the Investor category

Declined offer to acquire mid-size psv

Reference is made to previous information regarding the shipyard Havyard Solstrand (the “Yard”) that filed for bankruptcy on 22 October 2008.

Published 22-01-2009 in the Investor category

Letter of intent

Siem Consub SA (Brazil) has received a Letter of Intent from StatoilHydro Brasil Ltda. for a 2 years contract, with 2 x 1 year options, for a large PSV of VS 485 design.

Published 06-01-2009 in the Investor category

Financial Calendar

Siem Offshore Inc will release financial figures on the following dates in 2009:

Published 29-12-2008 in the Investor category

Debt Financing

The Company has twelve 100% owned shipbuilding contracts for vessels to be built at a Norwegian yard, with scheduled delivery during 2009 and 2010.

Published 26-11-2008 in the Investor category

Organisation

Terje Løvoll (age 40) has been appointed to a new position in the Company as Human Resources Director. Terje Løvoll currently holds the position as Vice President HR (Capability & Knowledge Development) in Rolls-Royce Marine. He will assume the new position within 1 March 2009 and report to the CEO.

Published 23-10-2008 in the Investor category

Results Q3 2008

Siem Offshore Inc (Oslo Stock Exchange: SIOFF) today reports results for the third quarter 2008.

Published 10-10-2008 in the Investor category

New Member of the Board of Directors

David Mullen has been appointed as new Director of Siem Offshore Inc. and will serve until the next Annual General Meeting of Shareholders. Mr. Mullen currently serves as the Chief Executive Officer for Ocean rig ASA.

Published 06-10-2008 in the Investor category

Petrobras and Total in partnership with WellCem

WellCem AS, a company 34% owned by Siem Offshore, is pleased to announce that it has entered into an agreement with Petrobras and TOTAL for development of high temperature cementing materials.

Published 29-09-2008 in the Investor category

Organisation

Mr. Dagfinn Lie (age 36) has been appointed as new Chief Financial Officer of the Company. Dagfinn Lie holds currently the position as Controller in Siem Offshore and he will assume the new position within 1 January 2009, following the resignation of his predecessor.

Published 24-07-2008 in the Investor category

Results Q2 2008

Siem Offshore Inc (Oslo Stock Exchange: SIOFF) today reports results for the second quarter 2008.

Published 09-07-2008 in the Investor category

Annual General Meeting

Minutes of the meeting conducted in George Town, Grand Cayman, Cayman Islands on Tuesday, 8th July 2008, at 08:00 am local time can be downloaded here.

Published 20-06-2008 in the Investor category

Results from test of the Siem WIS CircSub

Siem WIS, a company 60% owned by Siem Offshore, is pleased to announce that the test of the Siem WIS CircSub at the Weatherford Technology and Training Centre in Aberdeen has been completed with positive results.