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.
Published 14-06-2008 in the Investor category
Siem WIS enters into 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 respect of the prototype CircSub™ (Constant Circulation Device). StatoilHydro will contribute financially and operationally in the ongoing full scale test of the CircSub™ at the Weatherford Technology & Training Centre in Aberdeen.
Published 06-06-2008 in the Investor category
Increase of Brazilian fleet
Siem Consub SA, a 100% owned subsidiary of Siem Offshore Inc, has entered into an agreement with Petrobras, the major Brazilian Oil & Gas company, to build two Fast Passenger Vessels for 8 + 8 years time charter contracts. The accumulated contract value for the two vessels is approximately USD 35 million for the firm period, and both vessels shall commence operation in second quarter of 2010. The vessels are to be built in Brazil and the accumulated cost price is approximately USD 9 million.
Published 02-06-2008 in the Investor category
Organisation - new employees
Mr. Hallvard Fosnavaag (age 44) has been appointed to a new position in the Company as Operations Director PSV/MRSV-fleet and will be situated at our office at Rovde, Norway. Hallvard Fosnavaag will join the Company latest during third quarter and report to the newly appointed Chief Operating Officer, Mr Lars Bruun.