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Risk management and internal control


Oceanteam has sound internal control and systems for risk management that are appropriate to the extent and nature of the company’s activities. The internal control and systems include our corporate values and guidelines for ethical and corporate social responsibility. The board carries out an annual review of the company’s most important areas of exposure to risk and its internal control arrangements. To comply with section 3-3b of the Norwegian Accounting Act, the board provides an account in the annual report of the main features of the company’s internal control and risk management systems as they relate to the company’s financial reporting. 

Oceanteam ASA reports revenues of US$ 11.2 million in fourth quarter 2016

Feb 28 2017 Oslo/ Amsterdam – 28 February 2017. Oceanteam ASA has recorded US$ 11.2 million revenues from operations and an EBITDA of US$ 2.8 million in the fourth quarter of 2016. Although faced with a nett loss of US$ 3.1 million in the fourth quarter of 2016, the Dutch-Norwegian offshore service provider is fully on track for future growth, says CEO Haico Halbesma who...

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. 
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