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Oceanteam strategy


Oceanteam strategy
Oceanteam’s mission is to create maximum value for its clients worldwide.
 
We operate in different markets and geographical areas, combining engineering know-how and a pool of special-purpose equipment with our fleet of large and advanced offshore vessels. This enables us to deliver complex offshore support (cable, pipeline and umbilical installations, transportation and storage projects) as a single service (one-stop shop).
 
We establish strong (local) partnerships and strategic alliances. Our ambition is to be a preferred partner in offshore solutions for economically and technically challenging projects in the oil and gas as well as offshore renewables industries.
 
Oceanteam has a disciplined financial strategy. We have long-term relationships with our banks and apply diverse sources of financing, avoiding high-yield bonds as much as possible. We continually work to improve our credit rating and reduce the cost of our capital.

 

McDermott exercises option to purchase PLV North Ocean 105

May 09 2017 Oceanteam received the written notice from its joint venture partner McDermott in which it commits to purchase Oceanteam's remaining 25 percent stake in the vessel-owning company North Ocean 105 AS on 20 June 2017.

Oceanteam and bondholders sign new bondholders agreement as part of Company’s refinancing process

May 02 2017 Today, a bondholders’ meeting took place where the amended and restated bond agreement (the “Bond Agreement”) between the bondholders and Oceanteam was agreed and executed.

Oceanteam ASA reaches agreement with majority of bond holders on refinancing of bond loan agreement

Apr 12 2017 Following the announcement of Oceanteam ASA ("Oceanteam" or "Company") on 12 January 2017 having reached an understanding with its bondholders on refinancing its current bond loan agreement, the Norwegian-Dutch offshore service provider with a listing on the Oslo Stock Exchange, today announces it has made the next step forward by reaching an agreement with a qualified majority...
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