Search results for: daya materials

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  • 15 August 2016
    Business & Finance

    Malaysian company Daya Materials Berhad has won a contract in Saudi Arabia with the world’s largest oilfield services provider, Schlumberger. The company said on Monday that the deal was for the provision of specialized well services with a duration of three years. Daya added that the contract was secured by the company’s subsidiary Daya Maxflo. […]

  • 8 August 2014
    Business & Finance

    SBM offshore looking to resolve a dispute over the proposed sale of the Diving Support and Construction Vessel ‘SBM Installer’.

  • 20 April 2015
    Business & Finance

    Norway’s Siem Offshore and Malysia’s Daya Materials will extend the deadline for termination of the Memorandum of Agreement for the sale of two Offshore Subsea Construction Vessels (OSCVs) till April 24, 2015. Namely, the two companies entered into agreement for the sale of 2013-built Siem Daya 1 and Siem Daya 2 in August 2014 for a price of […]

  • 22 August 2014
    Business & Finance

    Siem Offshore has entered into an agreement with Daya Materials Bhd. (“Daya”) for the sale of the two 2013-built Offshore Subsea Construction Vessels (“OSCVs”) ”Siem Daya 1” and ”Siem Daya 2” at a total price of USD 282 million. Daya has been given 150 days to arrange for financing of the two vessels and delivery […]

  • 24 April 2015
    Business & Finance

    Norway’s Siem Offshore (SIOFF) and Malaysia’s Daya Materials Berhad have negotiated their terms for the sale of two DP2 Offshore Subsea Construction Vessels (OSCVs) Siem Daya 1 and Siem Daya 2 whereby the sale of the second vessel has now been cancelled.  According to the previous agreement, the two vessels were to be sold for $140 million […]

  • 30 June 2015
    Business & Finance, Equipment, Project & Tenders

    Oslo-listed, Siem Offshore (SIOFF), informed that Daya Materials has received green light from its shareholders to implement the acquisition of offshore subsea construction vessel “Siem Daya 1”. Namely, in April this year, Siem Offshore agreed to sell Siem Daya 1 for USD 120 million. In addition, SIOFF is entitled to a 60/40 profit share in SIOFFs favour […]

  • 19 October 2015
    Project & Tenders

    Siem Offshore (SIOFF) has extended the delivery of Siem Daya 1 vessel to Daya Materials until November 16, 2015, with November 30 as cancelling date. SIOFF informed that other terms and conditions of the agreement will remain valid and in full force and effect. As reported earlier, SIOFF has agreed to sell Siem Daya 1 to Daya […]

  • 15 August 2016
    Business & Finance, Operations & Maintenance, Project & Tenders

    Daya Maxflo, the oilfield service subsidiary of Daya Materials specialised in drilling, well intervention and enhanced oil recovery (EOR) has been awarded a contract by Schlumberger in the Middle East. Namely, a three-year contract, should see Daya Maxflo deliver specialized well services for Schlumberger in Saudi Arabia. According to the company, the contract is scheduled to […]

  • 1 December 2014

    Dutch company SBM Offshore has entered into an agreement to sell the SBM Installer, a Diving Support and Construction Vessel (DSCV), to OS Installer AS for US$150 million in cash. OS Installer AS is a newly established joint venture between Ocean Yield ASA (75%) and SBM Offshore (25%). The companies have signed a memorandum of agreement under […]

  • 23 August 2016
    Business & Finance

    Afer it last week informed the market on winning a contract with Schlumberger, Malaysian company Daya Materials Berhad on Tuesday shared more details. The company last week said it had won a deal to provide well services to Schlumberger in Saudi Arabia over a three-year period. In an update on Tuesday, Daya revealed the financial […]

  • 20 August 2013
    Business & Finance, Project & Tenders

    The Board of Directors of Daya Materials Berhad (“DMB”) announced that its subsubsidiary, Daya OCI (Labuan) Limited (“DOCIL”), has entered into a Charter Party Contract with Technip Norge AS for the provision of an offshore subsea construction vessel. The contract has an estimated value of RM250-440 million. It also includes the provision of a range […]

  • 22 August 2014
    Business & Finance, Equipment

    Norway’s Siem Offshore has entered into an agreement with Daya Materials Bhd. for the sale of the two 2013-built Offshore Subsea Construction Vessels (“OSCVs”) ”Siem Daya 1” and ”Siem Daya 2” at a total price of USD 282 million. Daya, based in Malaysia, has been given 150 days to arrange for financing of the two […]

  • 20 January 2015

    Norway’s Siem Offshore and Malaysia’s Daya Materials Bhd. entered into an agreement in August 2014 for the sale of the two 2013-built Offshore Subsea Construction Vessels (“OSCVs”) ”Siem Daya 1” and ”Siem Daya 2” at a total price of $282 million. Daya has paid a deposit of USD 1.4 million in aggregate on the vessels, […]

  • 26 August 2015
    Project & Tenders

    Siem Offshore (SIOFF) informed that it has extended the delivery of Siem Daya 1 vessel to Daya Materials until September 30, 2015, with October 15 as cancelling date. The extended delivery, which was scheduled for August 31, 2015, will be due to the vessel’s operations on its current project. SIOFF also informed that other terms and […]

  • 20 August 2013
    Business & Finance

    Malaysia’s Daya Materials Berhad  has informed that its subsidiary, Daya OCI (Labuan) Limited on 16 August 2013 entered into a Charter Party contract with Technip Norge AS of Norway. Under the agreement Daya OCI will provide an offshore subsea construction vessel together with a range of offshore services on a long-term charter basis for the […]

  • 19 November 2015
    Business & Finance, Project & Tenders

    Siem Offshore (SIOFF) has once again agreed to postpone the delivery of the Offshore Subsea Construction Vessel (OSCV) Siem Daya 1 to Daya Materials until December 15, 2015. This time the cancelling date was set for December 31, 2015. Other terms and conditions of the agreement will remain valid and in full force and effect, […]

  • 24 April 2015
    Project & Tenders

    Siem Offshore (SIOFF) has agreed to sell Siem Daya 1 to Daya for USD 120 million. In addition, SIOFF is entitled to a 60/40 profit share in SIOFFs favour based on the profit Daya makes on the vessel limited to an additional USD 10 million. A deposit of USD 10 million is to be paid […]

  • 20 April 2015
    Business & Finance, Project & Tenders

    Oslo-listed Siem Offshore and Daya Materials Bhd. (Daya) have agreed to extend the deadline for termination of the Memorandums of Agreement (MoAs) to April 24, 2015. Namely, the two companies entered into an agreement in August 2014 for the sale of the two 2013-built Offshore Subsea Construction Vessels (OSCVs) Siem Daya 1 and Siem Daya […]

  • 20 January 2015
    Project & Tenders

    Siem Offshore and Daya Materials Bhd. entered into an agreement in August 2014 for the sale of the two Offshore Subsea Construction Vessels (OSCVs) ”Siem Daya 1” and ”Siem Daya 2” at a total price of USD 282 million. Daya has paid a deposit of USD 1.4 million in aggregate on the vessels, and has […]

  • 25 August 2013
    Business & Finance

    1. Daya and Technip Enter Charter Deal for Offshore Subsea Construction Vessel The Board of Directors of Daya Materials Berhad (“DMB”) announced that its subsubsidiary, Daya OCI (Labuan) Limited (“DOCIL”), has entered into a Charter Party Contract with Technip Norge AS for the provision of an offshore subsea construction vessel. 2. Western GoM Lease Sale […]

  • 5 July 2015
    Business & Finance, Equipment, Operations & Maintenance

    Subsea World News has put together a recap of the most interesting articles from the previous week (June 29 – July 05). Italian contractor, Saipem, has relased an animation of its future fleet addition, the offshore subsea construction vessel Normand Maximus. With Normand Maximus, the Italian contractor aims to combine SURF installation with field development […]

  • 16 December 2013

    SBM Offshore today announced that the previously announced memorandum of agreement with Daya Vessels Limited for the proposed sale of the Diving Support and Construction Vessel ‘SBM Installer’ will not proceed as previously planned. According to SBM Offshore, DVL failed to secure financing for the transaction and did not receive permission from its parent company Daya […]