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Dof ASA (DOF.OL)

DOF.OL on Oslo Stock Exchange

0.88NOK
26 May 2017
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Latest Key Developments (Source: Significant Developments)

DOF Subsea mulls return to Oslo stock exchange
Thursday, 11 May 2017 01:30pm EDT 

May 11 (Reuters) - DOF ASA :DOF Subsea AS and its shareholders, DOF ASA (51 pct) and a fund managed by First Reserve (49 pct), have decided to start reviewing the opportunity for the company to apply for a listing on Oslo Stock Exchange.The company was listed on the Oslo Stock Exchange from November 2005 until December 2008.As part of a potential listing, the Company and its shareholders plan to evaluate a primary issuance of new shares in an offering as well as a partial sale of existing shares by First Reserve .DOF ASA intends to maintain its current ownership level through participating with up to NOK 250 million in a cash issue, and contribution-in-kind of two subsea vessels owned by DOF ASA as well options to acquire two additional vessels.First Reserve expects to remain a significant shareholder after the primary issuance and partial sale of shares.Says proceeds from the primary issuance will provide flexibility for the Company to decisively pursue further organic and strategic growth opportunities and enhance the Company's competitive position ahead of an anticipated market recovery. .Says the Company has engaged ABG Sundal Collier and Pareto Securities as financial advisers.DOF Subsea provides subsea construction, engineering, inspection, repair and maintenance and survey services.DOF Subsea reported revenues of NOK 5,099 million and EBITDA of NOK 1,764 million in 2016 .  Full Article

Dof purchases remaining shares in Canadian Subsea Shipping Company
Monday, 24 Apr 2017 09:00am EDT 

April 24 (Reuters) - DOF ASA ::HAS PURCHASED REMAINING SHARES IN CANADIAN SUBSEA SHIPPING COMPANY AS.  Full Article

Dof awarded a 1 year contract extension with Statoil for vessel Skandi Vega
Monday, 24 Apr 2017 03:44am EDT 

April 24 (Reuters) - DOF ASA : :DOF CONTRACT EXTENSION.BEEN AWARDED A 1 YEAR EXTENSION WITH STATOIL FOR VESSEL SKANDI VEGA..CONTRACT WILL COMMENCE IN MID MAY.  Full Article

DOF: Pipelay vessel Skandi Búzios starts 8 year Petrobras contract as scheduled
Wednesday, 19 Apr 2017 01:00am EDT 

April 19 (Reuters) - Dof Asa ::DOF Subsea<<>> and Technipfmc<<>>: Skandi Búzios, a pipelay support vessel (plsv) owned by DOF subsea (50 pct) and Technipfmc<<>> (50 pct), commenced its 8-year charter contract with Petrobras, as scheduled on April 13th.Mons S. Aase, DOF Subsea's Chief Executive Officer, says: "This milestone project is the result of our long- term focus on the Brazilian market. We are proud of this significant addition to our Brazilian fleet.".  Full Article

DOF adds vessel Far Shogun to its fleet
Monday, 13 Mar 2017 02:38am EDT 

DOF ASA : Said on Friday its Norwegian unit had signed agreement with Farstad Supply AS regarding purchase Far Shogun . Delivery is agreed between June 15 and July 15, 2017 . Will enter into management agreement with new owner for management and operation of vessel . Has further option to purchase the vessel at price corresponding to outstanding debt or about 50-6o pct of historical build costs .Far Shogun is Anchor handling Tug Supply Vessel and will be renamed Skandi Bergen after takeover.  Full Article

DOF Subsea secures mooring contract in Atlantic region
Friday, 10 Mar 2017 02:59am EST 

Dof ASA :Says DOF Subsea has been awarded a contract in Atlantic region for mooring installation of an FPSO on UKCS (North Sea).  Full Article

Dof Subsea: successful placement of new unsecured bond issue
Monday, 6 Mar 2017 03:00am EST 

Dof ASA : Successfully completed a new unsecured bond issue of $175 million with maturity date in March 2022 .In connection with placement of new bond issue, dof subsea as has repurchased bonds with nominal value of 792 million Norwegian crowns ($94 million) in existing bond issue DOFSUB07 with maturity in May 2018.  Full Article

Dof ASA unit contemplating new unsecured bond issue
Wednesday, 1 Mar 2017 02:45am EST 

Dof Asa : DOF Subsea AS, a subsidiary of DOF ASA is contemplating the issuance of new unsecured bonds with maturity in March 2022 .The net proceeds will be used to refinance the existing bonds maturing in May 2018, and for general corporate purposes.  Full Article

Dof sells vessel Skandi Waveney
Tuesday, 28 Feb 2017 01:51am EST 

Dof ASA : Sold its PSV vessel Skandi Waveney, built 2001, to a company outside Norway .Sale will not have any impact of significance on accounting or cash position of owner company.  Full Article

DOF signs contract for Skandi Olympia
Thursday, 23 Feb 2017 05:24am EST 

DOF ASA :Fugro Subsea Services Limited and DOF have signed new 6 month contract plus options for Skandi Olympia commencing in March.  Full Article

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BRIEF-DOF Subsea mulls return to Oslo stock exchange

* DOF Subsea AS and its shareholders, DOF ASA (51 pct) and a fund managed by First Reserve (49 pct), have decided to start reviewing the opportunity for the company to apply for a listing on Oslo Stock Exchange