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Solstad Farstad ASA (SOFF.OL)

SOFF.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Solstad Farstad: CEO to acquire shares from father
Thursday, 7 Sep 2017 09:59am EDT 

Sept 7(Reuters) - SOLSTAD FARSTAD ASA ::CEO LARS PEDER SOLSTAD TO ACQUIRE 21 066 965 SHARES FROM JOHANNES SOLSTAD(FATHER) AS PART OF GENERATIONAL CHANGE.AFTER CLOSING OF AGREEMENT LARS PEDER SOLSTAD WILL CONTROL A TOTAL OF 21 774 952 SHARES IN SOFF, EQUIVALENT TO 7,47% OF THE COMPANY .CLOSING OF AGREEMENT EXPECTED TO TAKE PLACE BY MID SEPTEMBER.  Full Article

Solstad Farstad sells 3 vessels to Brazilian Navy
Thursday, 7 Sep 2017 02:02am EDT 

Sept 7 (Reuters) - SOLSTAD FARSTAD ASA ::‍SALE OF VESSELS​.‍TOTAL SALES PRICE IS BRL 82.8 MILL (EQUAL TO USD 24 MILL AT TIME OF AUCTION) EN BLOC.THE BRAZILIAN NAVY HAS DECIDED TO ACQUIRE THE THREE AHTS VESSELS SEA FOX, SEA VIXEN AND SEA STOAT FROM SOLSTADFARSTAD.  Full Article

Contract for AHTS Far Sabre with Norwegian Coastal Administration
Tuesday, 29 Aug 2017 08:03am EDT 

Aug 29 (Reuters) - SOLSTAD FARSTAD ASA :CONTRACT FOR AHTS FAR SABRE WITH NORWEGIAN COASTAL ADMINISTRATION.CONTRACT DURATION IS FOR ONE YEAR AND COMMENCEMENT WILL TAKE PLACE 1ST OF JANUARY 2018; OPTION TO EXTEND WITH 1 YEAR.  Full Article

Solstad Farstad gets contracts in Australia
Tuesday, 18 Jul 2017 07:09am EDT 

July 18 (Reuters) - SOLSTAD FARSTAD ASA ::CONTRACTS IN AUSTRALIA.‍SECURED A CONTRACT WITH COOPER ENERGY TO SUPPORT DRILLING OPERATIONS WITHIN BASS STRAIT REGION OF AUSTRALIA.​.‍COMMERCIAL TERMS ARE CONFIDENTIAL BETWEEN PARTIES.​.TOW OF OCEAN MONARCH IS ANTICIPATED TO COMMENCE LATE DECEMBER 2017 OR EARLY JANUARY 2018.  Full Article

Hemen buys 1.5 mln shares at NOK 9.38/shr in Solstad Farstad
Thursday, 13 Jul 2017 10:49am EDT 

July 13 (Reuters) - SOLSTAD FARSTAD ASA ::HEMEN ACQUIRED 1,500,000 SHARES AT A PRICE OF NOK 9.38 PER SHARE IN SOLSTAD FARSTAD ASA.HEMEN HOLDING LIMITED IS INDIRECTLY CONTROLLED BY TRUSTS ESTABLISHED BY JOHN FREDRIKSEN FOR BENEFIT OF HIS IMMEDIATE FAMILY.AFTER ACQUISITION HEMEN HOLDS 50,189,231 SHARES IN SOFF, REPRESENTING 17.2 % OF SHARES AND VOTES IN SOFF.  Full Article

Solstad Farstad unit sells vessel
Thursday, 13 Jul 2017 04:35am EDT 

July 13 (Reuters) - SOLSTAD FARSTAD ASA ::SALE OF VESSEL .‍FARSTAD SUPPLY HAS SOLD AHTS FAR SHOGUN ​.SALE OF VESSEL WILL RESULT IN AN IMMATERIAL ACCOUNTING EFFECT FOR 3Q 2017.DELIVERY OF VESSEL TO NEW OWNER HAS TAKEN PLACE on July 13.  Full Article

Solstad Farstad awarded contract by Petrobras
Friday, 7 Jul 2017 05:28am EDT 

July 7 (Reuters) - SOLSTAD FARSTAD ASA :CHARTER AGREEMENT.PETROBRAS HAS AWARDED SOLSTADFARSTAD ASA A CONTRACT OF 1 YEAR FOR AHTS BOS TURQUESA.PETROBRAS HAS OPTION TO EXTEND CONTRACT WITH ADDITIONAL 1 YEAR.PETROBRAS HAS OPTION TO EXTEND CONTRACT WITH ADDITIONAL 1 YEAR.COMMERCIAL TERMS OF AGREEMENT WILL BE KEPT PRIVATE AND CONFIDENTIAL BETWEEN PARTIES..  Full Article

Solstad Farstad: extension of contracts and new agreements
Thursday, 6 Jul 2017 06:50am EDT 

July 6 (Reuters) - SOLSTAD FARSTAD ASA :EXTENSION & NEW CONTRACTS.STATOIL HAS DECLARED THEIR OPTION TO EXTEND AHTS "NORMAND FERKING" WITH ONE YEAR FROM SEPTEMBER 2017.IN ADDITION SOFF HAS ENTERED INTO A CONTRACT WITH PRYSMIAN POWERLINK SRL.SOFF HAS ENTERED INTO A CONTRACT WITH TIDEWAY B.V..  Full Article

Solstad Farstad: construction of two new wellboats
Wednesday, 5 Jul 2017 04:08am EDT 

July 5 (Reuters) - SOLSTAD FARSTAD ASA :CONSTRUCTION OF TWO NEW WELLBOATS.BOTH VESSELS WILL BE DELIVERED AS NEWBUILDINGS IN 2019.‍DESS AQUACULTURE SHIPPING AS (AND MARINE HARVEST ENTERED INTO AGREEMENTS FOR LONG TERM CHARTER OF TWO NEW WELLBOATS.​.WILL IMMEDIATELY UPON DELIVERY COMMENCE 5 YEAR CHARTER CONTRACTS WITH MARINE HARVEST.  Full Article

Statoil deals for 7 supply vessels amount to NOK 3.1 billion
Wednesday, 28 Jun 2017 03:39am EDT 

June 28 (Reuters) - Statoil Asa :Statoil says recent long-term deals to rent 7 supply vessels amount to NOK 3.1 billion ($366.8 million), including options.Deals are with DOF <<>>, Solstad Farstad <<>>, Skansi Offshore, Ugland and Havila <<>>.Statoil says now has 16 vessels on long-term contracts from 10 shipping firms."We will still need the spot market after these awards, but the need will vary from day to day".  Full Article

Renewable and fish farming to support oil services firm Solstad Farstad

OSLO, Aug 31 Newly created oil services firm Solstad Farstad expects demand for its vessels to rise, with offshore wind turbine installations and well boats transporting farmed fish playing a bigger role.