PGS has received a 4D seismic contract in West Africa with a duration of 65 days and an option for extension, and the share is up around 0.3 percent. PGS only reports it to the stock exchange if new contracts are worth at least 10 million dollars, the multi-client projects have a duration of at least two months or if the contract is strategically important.
Avance Gas has sold a VLGC newbuild in connection with the delivery of the vessel from the Hanwha Ocean shipyard in South Korea. It was sold for $120 million excluding brokerage fees, and the gas carrier expects to book a $36 million gain and free up $62 million in cash in the second quarter. The Avance Gas share is up around 4 percent.
The dry cargo shipping company Belships has sold two 2016-built supramax vessels for USD 28.3 million per piece. The shipping company expects to realize a profit of approximately 3 million dollars per vessel. The Belships share is up around 1.6 percent on Friday.
Måsøval is up 6.6 percent. The company has now signed the purchase contract for the takeover of Mowi’s slaughterhouse at Ulvan in Hitra municipality – a purchase the company refers to as a significant milestone.
Arribatec Group announced on Ascension Day, when the Oslo Stock Exchange was closed, that the company has been awarded a contract for ERP support in Europe worth approximately 6.3 million euros over four years. This corresponds to just over NOK 73 million. The company refers to the contract as an important milestone, and the share is up 7 per cent.
Reported same day Scan about a contract for the delivery of a series of E-house modules, which will form part of an emergency power system for several data centers in Norway. The value is between NOK 50 and 150 million. The share is up around 1 percent.
PetroNor E&P confirmed on Thursday that 583,695 barrels of oil have been lifted and sold from Djeno Terminal to ADNOC, the national oil company in Abu Dhabi. This generated a cash flow of $48.28 million. The share is up around 10 percent.
In the notice to the ordinary general meeting on 8 May, a dividend payment of 25 million dollars is proposed. Furthermore, it appears that the company is aiming for a steady dividend payment of around 30 per cent of the net result.
Havila Coastal Route falls around 3 percent. The shipping company announced late on Wednesday that the round trip with “Havila Pollux” departing from Bergen on May 13 will be cancelled.
Electromagnetic Geoservices falls around 3 per cent, after the presentation of quarterly figures late on Wednesday. The quarterly report showed revenues of just $0.2 million and an adjusted ebitda result of minus $3.8 million.
Wilh. Wilhelmsen Holding is up around 1 percent. The company’s quarterly figures after the close of trading on Wednesday showed a profit of 116 million dollars.
NorAm Drilling has reported an average day rate of USD 25,700 and rig utilization of 87 percent in April, and the board has decided on a dividend of USD 0.05 per share for the month. The share is up around 2 percent.
