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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.

 

Invitation to Q4 2016 investor presentation

Feb 15 2017 Oceanteam ASA cordially invites you to attend a corporate presentation of the company’s  Q4 2016 results   The presentation will be held in Oslo: Tuesday, 28 February 2017, 08:00 CET Hotel Continental Stortingsgaten 24/26 N-0117 Oslo   To participate please RSVP to:   info@oceanteam.no

McDermott to exercise its option to purchase PLV North Ocean 105

Jan 13 2017 Oceanteam ASA ("Oceanteam" or "Company") announces that joint-venture partner McDermott will exercise its option to purchase Oceanteam’s 25% ownership in the vessel-owning company North Ocean 105 AS by the end of April 2017. Under McDermott’s main credit facility agreement, it has announced that it is required to do so. 

Oceanteam ASA reaches understanding with bond holders on refinancing current bond loan agreement

Jan 12 2017 Today, Oceanteam ASA ("Oceanteam" or "Company") announced it has reached an understanding with its bond holders on the main terms of the bond loan. As part of a financial restructuring announced in October 2016, the company entered into constructive talks with its banks and its bond holders. 
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