Oil Related Services and Equipment
DOF ASA:DOF and DOF Subsea awarded several IMR and subsea installation contracts in Asia Pacific and Atlantic regions, with a total contract value of about 270 million Norwegian crowns.
Ocean Yield ASA:Has currently two newbuilding PCTC vessels of 8,500 CEU capacity under construction at Xiamen Shipbuilding Industry Co. Ltd.The vessels are part of a series of six vessels, where Hoegh has ordered four newbuildings and Ocean Yield two.Upon delivery, the vessels will be chartered out to Höegh on 12-year bareboat charters.Ocean Yield has agreed to sell its two vessels to Hoegh and acquire two newbuilding sister vessels with earlier delivery dates from Höegh.The vessels are expected to be delivered in February and May 2016, following a delay in the original newbuilding schedule.The sale and purchase of vessels will generate a positive cash effect of $15.6 million for Ocean Yield in 2016.The transaction is not expected to have any material profit & loss effect.Ocean Yield has agreed with Hoegh Autoliners that the charter rates for the two newbuilding 8,500 CEU vessels and the two 6,500 CEU vessels Hoegh Jacksonville and Hoegh Jeddah will be changed from fixed interest rate basis to floating interest rate basis.Based on the current forward LIBOR interest rates, there will be no change in the underlying cash flow for Ocean Yield.
Sevan Marine ASA:Signed two agreements related to FPSO prospect in UK North Sea.First agreement is a Technology License Agreement.Second is a Service Agreement.
Polarcus Ltd:Says is expanding its South American campaign with an additional award from an undisclosed client for a 3D marine seismic project in South America utilizing Polarcus' RightBANDtechnique for broadband data acquisition.Project will commence Q3 2016 and run for about three months.
AusGroup Ltd:AusGroup contract awards.Combined value of the contracts of approximately AU$100 million.Also awarded 3-year refractory contract with onesteel for site-wide management, planning and execution, preventative and reactive maintenance services.
Spectrum ASA:New 3D multi-client project over Vulcan Sub-basin, offshore North West Shelf, Australia.Cygnus 3D survey is being acquired in collaboration with Polarcus and Downunder Geosolutions.Final processed data will be available from Q3 2016.
Fugro NV:Fugro to commence site investigation contract work for NuGen.Majority of offshore element is scheduled to begin in spring 2016.Onshore investigation continues until summer 2016.
Saipem SpA:Wins offshore contracts for overall 180 million euros.Main contracts are Johan Sverdrup Export Pipelines Project from Statoil and Panama International Terminal.
Polarcus Ltd:Says has received a Letter of Intent from an undisclosed client for a 3D marine seismic contract utilizing Polarcus' RightBAND technique for broadband data acquisition.The project will commence imminently and will run for about two months.