Edition:
United States

Eidesvik Offshore ASA (EIOF.OL)

EIOF.OL on Oslo Stock Exchange

5.59NOK
--
Change (% chg)

-- (--)
Prev Close
kr5.59
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
8,758
52-wk High
kr10.00
52-wk Low
kr5.30

Latest Key Developments (Source: Significant Developments)

Finland's Wartsila wins order from Eidesvik's offshore supply vessel
Friday, 26 May 2017 06:32am EDT 

May 26 (Reuters) - Wartsila Oyj Abp :Says has signed an agreement with Eidesvik Offshore to install a hybrid system with batteries on board of its vessel Viking Princess.  Full Article

Eidesvik Offshore Q1 operating income NOK 248.9 million
Monday, 15 May 2017 08:19am EDT 

May 15 (Reuters) - EIDESVIK OFFSHORE ASA :Q1 OPERATING INCOME NOK 248.9 MILLION VERSUS NOK 193.3 MILLION YEAR AGO.Q1 EBITDA NOK 158.6 MILLION VERSUS NOK 93.6 MILLION YEAR AGO.IF THE CURRENT MARKET SITUATION CONTINUES, THE EIDESVIK OFFSHORE ASA GROUP WILL HAVE TO GO THROUGH A FINANCIAL RESTRUCTURING..  Full Article

Reach Subsea enters into a contract for vessel Havila Subsea
Friday, 21 Apr 2017 06:10am EDT 

April 21 (Reuters) - REACH SUBSEA ASA :ENTERED INTO A CONTRACT FOR VESSEL HAVILA SUBSEA FOR Q3 COVERING 60 DAYS.REACH SUBSEA AND EIDESVIK OFFSHORE HAVE AGREED TO EXTEND COOPERATION FOR TWO WROV SPREADS MOBILISED ON BOARD VIKING NEPTUN TO INCLUDE 2018.NORMAND REACH EXPECTED TO START OPERATIONS IN AUSTRALIA IN LATE Q2.  Full Article

Eidesvik Offshore and CGG to establish new ownership for 7 seismic vessels
Monday, 27 Mar 2017 09:33am EDT 

Eidesvik Offshore ASA : SAID ON FRIDAY, AGREED IN PRINCIPLE WITH ITS LONGSTANDING PARTNER CGG TO ESTABLISH NEW OWNERSHIP SET-UP FOR SEVEN SEISMIC VESSELS . NEW SET-UP IS BASED ON CREATION OF A NEW HOLDING COMPANY THAT WILL HOLD SHARES IN TWO ENTITIES . TWO SHIPOWNING ENTITIES WILL BE FINANCIALLY SEPARATED AND NO GUARANTEES WILL BE ESTABLISHED BETWEEN THE TWO OR FROM THE OWNERS .NEW HOLDING COMPANY, JOINTLY OWNED BY CGG AND EIDESVIK IN EQUAL PARTS SHOULD BE OPERATIONAL AT BEGINNING OF Q2 2017.  Full Article

Charter rate reduction of CGG's operated fleet: Agreement in principle with Eidesvik and Nordic lenders to set up new maritime scheme
Friday, 24 Mar 2017 01:30pm EDT 

CGG SA : Charter rate reduction of cgg's operated fleet: agreement in principle with eidesvik and the nordic lenders to set up a new maritime scheme . New set-up is based on creation of a new company that will possess five vessels currently owned by CGG and cold-stacked as well as two vessels co-owned by CGG and Eidesvik . New company, to be jointly owned by CGG and Eidesvik in equal parts . New company will also hold all outstanding debt related to those vessels and should be operational at beginning of Q2 of 2017 .Implementation of this new maritime set-up will also result in a reduction of CGG gross debt amount by $182.5 millions corresponding to principal amount of Nordic loan at April 1, 2017.  Full Article

Eidesvik: proposal for full settlement
Wednesday, 1 Mar 2017 08:01am EST 

Eidesvik Offshore ASA : Has negotiated with holders of FRN Eidesvik Offshore ASA senior unsecured bond issue 2013/2018 bonds regarding full redemption of bond loan at 60 percent of par value . Eidesvik invest as has offered to grant co shareholder loan in amount of 30 million Norwegian crowns ($3.5 million) for repayment of bond loan .Eidesvik invest as has agreed to contribute amount in region of 100 million crowns in new equity if co obtains satisfactory terms in connection with refinancing of bank debt.  Full Article

Eidesvik offshore q4 ebitda loss narrows to NOK 135.9 mln
Tuesday, 28 Feb 2017 02:30am EST 

Eidesvik Offshore ASA : 4th quarter 2016 consolidated operating income of 209.4 million Norwegian crowns ($25 million) (343.2 million crowns in corresponding period in 2015) .Q4 operating profit before depreciations (EBITDA) was 135.9 million crowns (232.2 million crowns).  Full Article

Eidesvik Offshore to sell Viking Poseidon
Monday, 27 Feb 2017 03:30am EST 

Eidesvik Offshore ASA : Said on Friday had signed MoA for sale of Viking Poseidon to unnamed buyer . Impairment charge of 130 million Norwegian crowns ($15 million) was recorded in Q4 .Sale to have positive liquidity effect of about 180 million crowns after repayment of debt.  Full Article

Eidesvik Offshore appoints new CFO
Tuesday, 21 Feb 2017 07:54am EST 

Eidesvik Offshore ASA : Thor Krukhaug has been appointed the position as Chief Financial Officer of Eidesvik Offshore ASA .Thor Krukhaug commences his new position on May 1, 2017.  Full Article

Eidesvik Offshore announces change of bareboatcontract with CGG
Monday, 23 Jan 2017 01:40am EST 

Eidesvik Offshore Asa : Eidesvik and CGG have agreed on changes to bareboatcontract for seismic vessel Viking Vanquish that expires in November 2020 effective from January 2017 . Says will receive listed senior notes maturing 2021 and other debt instruments as compensation .Dayrate will be reduced for rest of contract.  Full Article