Search results for: daya

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  • 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

    Malaysia’s Daya Offshore Construction is a step closer to acquiring a subsea construction vessel from Norway’s Siem Offshore. According to the Norwegian shipowner, Daya has today secured approval from its shareholders to proceed with the purchase of  “Siem Daya 1” vessel. Siem Daya 1 is already on a long term charter with Daya Offshore Construction, as well […]

  • 19 October 2015
    Business & Finance

    Malaysian Daya Offshore Construction and Norway’s Siem Offshore have again delayed the delivery of the Offshore Subsea Construction Vessel (OSCV) Siem Daya 1 to the Malaysian company. This time, following several delays, the vessel is to be delivered to Daya by November 16, 2015, Siem Offshore said Monday. Siem Daya 1 is already on a long-term charter with […]

  • 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 […]

  • 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 […]

  • 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 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 […]

  • 19 November 2015
    Business & Finance

    After several previous delays, Malaysian Daya Offshore Construction and Norway’s Siem Offshore have once again postponed the delivery of the Offshore Subsea Construction Vessel (OSCV) Siem Daya 1 to the Malaysian company. The two companies have now agreed to extend the delivery of Siem Daya 1 until December 15, 2015, with December 31, 2015 as cancelling […]

  • 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, […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 26 August 2015
    Business & Finance

    Malaysian Daya Offshore Construction and Norway’s Siem Offshore have once again prolonged the sale completion of the Offshore Subsea Construction Vessel (OSCV) Siem Daya 1, this time until September 30, 2015, Siem Offshore said Wednesday. Siem Daya 1 is already on a long-term charter with Daya Offshore Construction. When Daya shareholders approved the purchase of ‘Siem Daya 1’ in […]

  • 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 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 […]

  • 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. […]

  • 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 […]

  • 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 […]

  • 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’.

  • 11 November 2013

    SBM Offshore has agreed to the sale of the DSCV SBM Installer, a newbuild Diving Support and Construction Vessel (DSCV), to Daya Vessels Limited, a subsidiary of Daya Offshore Construction Sdn Bhd, for US$180 million in cash. Built by Keppel Singmarine in Singapore, the vessel features the SBM Offshore patented ‘double-deck’ design, which improves safety […]