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Dof ASA (DOF.OL)

DOF.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

DOF Gets Two New Contracts
Thursday, 11 Jul 2019 03:29am EDT 

July 11 (Reuters) - Dof ASA ::NEW CONTRACTS.DOF HAS BEEN AWARDED A 2 WELL FIRM PLUS 1 WELL OPTION CONTRACT FOR SKANDI CALEDONIA BY PREMIER UK.COMMENCEMENT WILL BE IN Q3, FIRM PERIOD IS ESTIMATED TO AROUND 4 MONTHS..DOF (UK) LIMITED HAS BEEN AWARDED A DRILLING SUPPORT CONTRACT FOR SKANDI BARRA BY AN UNDISCLOSED CLIENT.COMMENCEMENT IS PLANNED FOR JULY.  Full Article

Dof Group Gets Several New Contract Awards
Tuesday, 2 Jul 2019 06:39am EDT 

July 2 (Reuters) - Dof ASA ::DOF GROUP RECEIVED SEVERAL NEW CONTRACT AWARDS.DOF GROUP RECEIVED SEVERAL NEW CONTRACT AWARDS.CONTRACTS WILL COMMENCE IN Q4 2019 AND Q1 2020..CONTRACTS HAVE A DURATION OF 5 YEARS, WITH FURTHER 3 X 3 YEARLY OPTIONS.COMMERCIAL TERMS OF CONTRACTS ARE CONFIDENTIAL BETWEEN PARTIES.DOF REDERI AS (DOF) HAS BEEN AWARDED THREE LONG-TERM CONTRACTS FOR MRV'S; "SKANDI HUGEN", "SKANDI NOVA" AND "SKANDI MARØY" BY CONOCOPHILLIPS SKANDINAVIA AS.  Full Article

DOF Updates On Refinancing And Covenant Amendments In DOF Subsea
Tuesday, 25 Jun 2019 02:00am EDT 

June 25 (Reuters) - Dof ASA ::UPDATE ON REFINANCING AND COVENANT AMENDMENTS - DOF SUBSEA AS.GROUP HAS OBTAINED AN EXTENSION UNTIL END NOVEMBER 2019 OF A LOAN AND IS WORKING ON SOLUTIONS IN ORDER TO REDUCE REFINANCING RISK AND FURTHER STABILIZE SITUATION.DOF SUBSEA AS WANTS TO ALIGN DOF SUBSEA GROUP'S LIQUIDITY COVENANTS FOR ALL ITS DEBT FACILITIES INCLUDING BOND LOANS.HAS RESOLVED TO SUMMON BONDHOLDER MEETINGS FOR ALL OF ITS THREE BOND LOANS.REQUESTING THAT ALL ITS MINIMUM CASH COVENANTS ARE ALIGNED TO BE MEASURED USING PROPORTIONAL CONSOLIDATION METHOD.CHANGE FOR BONDS TO METHOD ALREADY APPLIED BY BANKS, WITH A COMMON THRESHOLD OF NOK 400 MILLIO.INCREASED AMOUNT FROM NOK 300 MILLION FOR DOFSUB07 BOND, NO CHANGE FOR DOFSUB08/09 BONDS AND MOST BANKS, AND A REDUCTION FROM NOK 500 MILLION FOR CERTAIN BANKS.THE GROUP (EXCLUDING DOF SUBSEA GROUP) WILL NOT REQUEST ANY AMENDMENTS TO ITS FINANCIAL COVENANTS AT THIS STAGE.PROVIDED THAT THESE CHANGES ARE APPROVED, GROUP BELIEVES THAT IT HAS ESTABLISHED A SATISFACTORY SHORT TERM PLATFORM.  Full Article

Dof Group Receives Several New Contract Awards
Friday, 8 Feb 2019 07:15am EST 

Feb 8 (Reuters) - Dof ASA ::DOF GROUP RECEIVED SEVERAL NEW CONTRACT AWARDS.MULTIPLE VESSELS AWARDS FROM UNDISCLOSED CLIENTS IN IMPORTANT GROWING REGIONS FOR OIL AND GAS AS GUYANA AND SAUDI ARABIA.  Full Article

DOF Subsea Awarded Three New North Sea Contracts
Tuesday, 18 Dec 2018 08:00am EST 

Dec 18 (Reuters) - Dof ASA ::DOF SUBSEA AWARDED THREE NEW NORTH SEA CONTRACTS.  Full Article

DOF Signs Contract For Skandi Aukra
Friday, 23 Nov 2018 06:43am EST 

Nov 23 (Reuters) - DOF ASA ::CONTRACT SKANDI AUKRA.CONTRACT IS FOR A PERIOD OF 2 YEARS FIRM AND WILL COMMENCE IN DECEMBER 2018..DOF HAVE BEEN AWARDED A CONTRACT BY ASCO MARINE LTD FOR VESSEL SKANDI AUKRA.  Full Article

DOF Subsea: Successful Placement Of New Unsecured Bond Issue
Wednesday, 14 Nov 2018 03:00am EST 

Nov 14 (Reuters) - DOF ASA ::DOF SUBSEA - SUCCESSFUL PLACEMENT OF NEW UNSECURED BOND ISSUE.DOF SUBSEA AS, A SUBSIDIARY OF DOF ASA, HAS SUCCESSFULLY COMPLETED A NEW UNSECURED BOND ISSUE.NET PROCEEDS FROM NEW BOND ISSUE WILL BE USED TO REFINANCE EXISTING BONDS AND FOR GENERAL CORPORATE PURPOSES..DOF SUBSEA AS HAS SUCCESSFULLY COMPLETED A NEW UNSECURED BOND ISSUE OF NOK 900 MILLION WITH MATURITY DATE IN NOVEMBER 2023.  Full Article

DOF ASA: DOF Subsea Contract Awards
Tuesday, 26 Jun 2018 03:00am EDT 

June 26 (Reuters) - Dof ASA ::DOF SUBSEA CONTRACT AWARDS.DOF SUBSEA HAS BEEN AWARDED SEVERAL CONTRACTS IN ATLANTIC REGION.DOF SUBSEA AWARDED SEVERAL CONTRACTS SECURING UTILISATION FOR VESSELS GEOSUND AND SKANDI SKANSEN THROUGHOUT Q2 AND Q3..  Full Article

Dof ASA: Contract awards
Tuesday, 29 May 2018 01:48am EDT 

May 29 (Reuters) - Dof ASA ::NORSKAN OFFSHORE LTDA. HAS BEEN AWARDED A 1-YEAR CONTRACT FOR SKANDI FLUMINENSE BY PETROBRAS.ESTIMATED START-UP IN JULY.CONTRACT INCLUDES ONE ROV. SKANDI FLUMINENSE IS AN AHTS (UT 722L) BUILT IN 2007.DOF HAS BEEN AWARDED A CONTRACT BY CHEVRON NORTH SEA LIMITED FOR VESSEL SKANDI KVITSØY.  Full Article

DOF Subsea wins 3 years Brazil contract for diving vessel
Wednesday, 11 Apr 2018 03:22am EDT 

April 11 (Reuters) - Dof ASA ::TERM DSV CONTRACT IN BRAZIL.DOF SUBSEA HAS BEEN AWARDED A THREE-YEAR FIRM CONTRACT WITH A TWO-YEAR EXTENSION OPTION BY PETROBRAS IN BRAZIL FOR PROVISION OF DIVING SUPPORT VESSEL SKANDI ACHIEVER AND ROV AND DIVING SERVICES.CONTRACT IS SPLIT INTO A TIME CHARTER ELEMENT FOR VESSEL AND MARINE MANAGEMENT SERVICES AND SERVICE ELEMENTS FOR PROVISION OF ROV AND DIVING SERVICES.  Full Article