Odfjell Technology
Energy, Utilities & Waste · Norway · 51-200 Employees
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Overview
Headquarters
Kokstadflaten 35, Kokstad, Hordaland, 52...Phone Number
+66 26603822Website
www.odfjelltechnology.comRevenue
$5.8 MillionIndustry
ZI Rank: 2
Signal Type
Mar
Apr
May
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Aug
ZI Rank
4
2
1
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2
About Odfjell Technology
Odfjell Technology combines 50 years of industry experience with innovative solutions to address the evolving energy market. They offer a wide range of services including projects and engineering, well services, and operations, focusing on safety, efficiency, and sustainability. Their intended clients include companies in the energy sector, particularly those involved in drilling and well operations. With a global presence and a commitment to high ethical standards, Odfjell Technology aims to deliver reliable and effective solutions to meet the needs of their clients.Explore more
Odfjell Technology Org Chart
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Company Profile Activity
Activity Insights
Odfjell Technology is experiencing very low activity levels compared to other companies in the Energy, Utilities & Waste sector.
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Odfjell Technology is drawing exceptional interest within the Energy, Utilities & Waste industry, suggesting notable developments or strong market momentum, learn more about Odfjell Technology.
Odfjell Technology Tech Stack
A closer look at the technologies used by Odfjell Technology
Most Recent Scoops
Earnings
Odfjell Technology has reported Operations segment revenue of NOK 597 million for Q2, down 9% year-on-year and 7% quarter-on-quarter, while EBITDA grew 9% year-on-year to NOK 49 million with a margin of 8.2%, the strongest over the past three quarters, driven by improved cross-utilization of staff and an enhanced bonus scheme.
Earnings, Finance, Financial Operations
Earnings
Odfjell Technology has reported Well Services revenue of NOK 583 million for Q2, up 11% quarter-on-quarter and 25% year-on-year, with EBITDA of NOK 182 million and a margin of 31%, driven in part by the first full quarter contribution of NOK 70 million in revenue from the Kaseum and Razor acquisitions.
Earnings
Odfjell Technology has reported positive operating cash flow of NOK 139 million for Q2, compared to a small negative in Q1, with free cash flow of positive NOK 46 million against negative NOK 73 million in the same quarter last year, ending the quarter with available liquidity of NOK 1 billion and a leverage ratio of approximately 1.3 times debt to EBITDA.
Earnings, Finance, Financial Operations
Earnings
Odfjell Technology has reported that no dividend will be paid this quarter, with the stated rationale being to support acquisition integration, realize synergies, and maintain capacity for investment opportunities, while expressing an absolute ambition to return to dividend payments after next quarter.
Spending/Investment, Acquisitions, Finance, Financial Operations
Person-Based
Earnings, Finance
Odfjell Technology News & Media
Odfjell Technology Ltd. (ODTLF) Q1 2026 Earnings Call Transcript
Odfjell Technology Ltd. (ODTLF) Q1 2026 Earnings Call May 12, 2026 4:30 AM EDTCompany ParticipantsGert Haugland - Senior Vice President of Finance &...Oilfield Service Professionals and Odfjell Technology Forge Global Strategic Partnership
HOUSTON--(BUSINESS WIRE)-- #GoOSP--Oilfield Service Professionals (OSP) and Odfjell Technology are pleased to announce a global strategic partnership aimed at enhancing operational performance, efficiency, and innovation across international oilfield markets. Odfjell Technology is a leading provider of offshore operations, well services technology, and engineering solutions, and OSP is a top-tier technology provider specialising in well construction, completions, downhole intervention systems, aOdfjell Technology partners with R&D Solutions to expand in Asia-Pacific
The company plans to expand in the regional plug and abandonment sector after acquiring McGarian TDC in 2024.Odfjell Technology secures 3-year contract for tubular running services with COSL Drilling Europe AS
Odfjell Technology has secured an important contract with COSL Drilling Europe AS. The fixed part of the contract, valued at approximately 160 million NOK, encompasses Tubular Running Services has a duration of three years, with the option for two additional one-year periods.
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Odfjell Technology combines 50 years of industry experience with innovative solutions to address the evolving energy market. They offer a wide range of services including projects and engineering, well services, and operations, focusing on safety, efficiency, and sustainability. Their intended clients include companies in the energy sector, particu... Read More
