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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.

 

A vote of confidence in Oceanteam paves way for the future

Dec 03 2018 On Friday the 30th of November 2018, during an Extraordinary General Meeting in Bergen Norway, shareholders accepted the resolutions in which the Company is allowed to issue additional shares to convert its remaining bonds into shares and, secondly, authorizing the Board to issue new shares in order to support the growth ambitions of the Company.

Bondholders have agreed to convert their remaining bonds into equity

Nov 08 2018 The Board of Oceanteam ASA (the “Company”) is pleased to announce that the bondholders to the Oceanteam ASA Senior Callable Bond Issue 2012/2017 have agreed to convert their outstanding bonds with a total value of USD 5,175,523 into equity. By their willingness to convert their bonds into shares, the bondholders are aligned with shareholders in...

Oceanteam ASA names Leidus Bosman as new CEO in move to accelerate growth

Aug 23 2018 Amsterdam (the Netherlands)/ Bergen (Norway), 23 August 2018   Oceanteam ASA ("Oceanteam" or "Company") today announced that its Board of Directors has appointed Leidus Bosman as Chief Executive Officer (“CEO”) with effect from 15 October 2018.
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