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Solstad Offshore ASA (SOFF.OL)

SOFF.OL on Oslo Stock Exchange

14.50NOK
27 Sep 2016
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Fri, Aug 26 2016

Solstad Offshore CEO says will chase assets in all segments in oil services consolidation

* Oil services firm Solstad Offshore, which has a fleet of 44 wholly owned or partly owned vessels, reports a drop in operating profit to NOK 98 million in Q2 compared to NOK 219 million a year ago

Aker blocks Rem Offshore bond restructuring, aims for industrial solution

* Holding company Aker, the main owner of oil company Det norske, offshore supply firm Solstad Offshore and shipping firm Ocean Yield among others, says Rem Offshore needs to participate in the consolidation of the industry

BRIEF-Aker says stake in Solstad could hit 47 pct

* Investment firm Aker targets 12 pct investment return target per year over the cycle, it said in presentation material at its capital market day

BRIEF-Solstad Offshore ASA announces comprehensive new financing plan

* Says has, together with Aker ASA and with indicative support from its lending banks and bondholders, developed a plan to strengthen the Company's balance sheet

Solstad Offshore aims to resolve debt covenant talks in Q2

OSLO, May 10 Shipping firm Solstad Offshore , which provides service and construction vessels to the oil industry, aims to secure a deal to ease its debt covenants by the end of the second quarter, the company said on Tuesday.

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