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23-03-2009

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.

04-03-2009

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.

26-02-2009

Results Q4 2008

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

28-01-2009

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.

28-01-2009

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.

22-01-2009

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.

06-01-2009

Financial Calendar

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

29-12-2008

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.

26-11-2008

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.

23-10-2008

Results Q3 2008

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

10-10-2008

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.

06-10-2008

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.

29-09-2008

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.

24-07-2008

Results Q2 2008

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

09-07-2008

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.

20-06-2008

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.

14-06-2008

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.

06-06-2008

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.

02-06-2008

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.