52 Week Range
As of on the Oslo Stock Exchange ∙ Minimum 15 minute delay
3M AVG Volume
52 Week High
52 Week Low
Shares Out (MIL)
Market Cap (MIL)
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Solstad Offshore Extends Contracts For Two Vessels In Brazil
Solstad Offshore Gets Contract Extension From Prysmian Powerlink
Solstad Offshore Signs Contract With Total E&P do Brasil
Solstad Offshore ASA, formerly Solstad Farstad ASA, is a Norway-based shipping company active in the oil and gas industry. It is mainly involved in petroleum service activities offshore. It is organized into three business segments: Anchor-Handling Vessels (AHTS), Supply Vessels (PSV) and Construction Service Vessels (CSV). The Company’s fleet consists of around 50 vessels. The Company operates through its head office and a network of branch offices located in Aberdeen, Singapore, Rio de Janeiro, Perth and Manila. The Company’s vessels operate in such areas, as the North Sea, South America, Asia, North and Central America, the Mediterranean and other parts of Europe, and West Africa. Its subsidiaries include Solstad Offshore (UK) LTD, Solstad Offshore Service Vessel (UK) LTD, Solstad Management AS, Normand Skarven AS and Solstad Offshore Asia Pacific Ltd, among others.
Oil Well Services & Equipment
Nesavegen 39, Postboks 13
Chairman of the Board
Anders Hall Jomaas
Chief Financial Officer
Tor Inge Dale
Lars Peder Solstad
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Oil service company Solstad Offshore is seeking negotiations with creditors and other stakeholders to boost liquidity ahead of the slow winter season, the company said on Monday, sending its shares down around 20 percent.
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.
* Solstad Offshore ASA says cash flow from operations (EBITDA1) for 2nd quarter was NOK 202 million Source text for Eikon: Further company coverage:
The pace of consolidation in the crisis-hit shipping industry accelerated on Monday after three of Norway's biggest offshore oil industry service vessel (OSV) operators announced plans to merge to create one of the biggest fleets in the sector.
Norway's Oil and Energy Minister Terje Soeviknes told Reuters on the sidelines of an industry conference in Stavanger on Monday:
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.