Search results for: Energy Searcher

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  • 30 September 2014
    Business & Finance, Operations & Maintenance

    Northern Offshore’s drillship Energy Searcher, under contract in Nigeria, resumed normal operations on September 23, following repairs to the control hoses to the unit’s blowout preventer. Earlier this month the drillship experienced technical problems with the control hoses to the unit’s blowout preventer. New hoses have now  been installed, and the BOP is fully function […]

  • 15 December 2011
    Business & Finance

    Joint Operating Company Vietgazprom, a joint venture between Petrovietnam and Gazprom, (“VGP”) has selected the Northern Offshore owned drillship Energy Searcher for an upcoming drilling program offshore Vietnam. The program is expected to commence after the conclusion of the current contract with CNOOC. The duration is for a four-well program expected to last approximately 100 […]

  • 7 May 2010

    Northern Offshore, Ltd. (Oslo Bors: NOF.OL) reported on May 5 that upon completion of the third well of a five-well drilling program for VietGazprom offshore Vietnam, the drillship Energy Searcher underwent an inspection that identified repairs needed to the ship’s hull prior to the rig returning to drilling operations. The company intends to move the […]

  • 30 September 2014

    Northern Offshore, Ltd. has announced that the drillship Energy Searcher under contract in Nigeria, resumed normal operations on September 23, following repairs to the control hoses to the unit’s blowout preventer. The company said that the repairs were completed somewhat earlier than previously anticipated. Northern Offshore now expects its consolidated financial results for the third quarter 2014 […]

  • 15 January 2014
    Business & Finance

    Camac Energy said that it has signed a long-term drilling contract with Northern Offshore for the drillship Energy Searcher.  The rig is expected to be delivered to the Oyo Field in OML 120 offshore Nigeria to commence drilling activities in the first half of 2014. The signed agreement covers an initial period of one year, with […]

  • 5 May 2014
    Business & Finance, Project & Tenders

    CAMAC Energy Inc. announced today that the Energy Searcher drillship, owned by Northern Offshore Ltd., has arrived in Nigeria. After taking on personnel, equipment and supplies, the rig will move to the Oyo Field, where it is expected to commence drilling operations on the Oyo-8 well in mid-May. The rig, which is capable of drilling […]

  • 20 April 2012
    Business & Finance

    Northern Offshore, Ltd. today announced that both the semisubmersible Energy Driller and drillship Energy Searcher have commenced operations. The Energy Searcher went on dayrate under the contract with the Joint Operating Company Vietgazprom, a joint venture between Petrovietnam and Gazprom, (“VGP”) for their drilling program offshore Vietnam on April 6, 2012. The duration is for […]

  • 9 December 2013
    Business & Finance

    Northern Offshore, Ltd. announced that the company has executed a letter of intent with CAMAC International Limited, an affiliate of CAMAC Energy Inc., for the drillship Energy Searcher. The letter of intent, which is subject to customary conditions, provides for a subsidiary of Northern Offshore to work towards executing a definitive drilling contract on or […]

  • 27 May 2010
    Business & Finance

    Northern Offshore, Ltd.  reported net income for the three months ended March 31, 2010 of US$23.2 million, or US$0.15 per diluted share, on revenues of US$68.1 million. This compares to net income of US$3.6 million, or US$0.02 per diluted share, for the first quarter of 2009, on revenues of US$56.6 million. Net income for the […]

  • 12 January 2015
    Business & Finance, Exploration & Production

    After Northern Offshore said today that the company has terminated the contract for the Energy Searcher drillship with the oil exploration company CAMAC Energy due to breaches in the drilling contract, CAMAC issued a counter statement. Namely, CAMAC has said it has terminated its drilling contract with Northern Offshore, and not the other way around. In […]

  • 5 July 2010

    Northern Offshore, Ltd.  reported today that upon completion of the shipyard work announced May 3rd, the drillship Energy Searcher departed Singapore, has returned to Vietnam and has resumed operations under its drilling contract with the Joint Operating Company Vietgazprom, a joint venture between Petrovietnam and Gazprom. Operations resume with the fourth well in the five-well […]

  • 12 September 2011
    Business & Finance

    Northern Offshore, Ltd. today announced that CNOOC Palung Aru Ltd. (“CNOOC”) has awarded a contract for the drillship Energy Searcher. The contract is for one well offshore Indonesia and has an expected duration of from 60-90 days, including travel time from and back to Singapore. Commencement is expected during October 2011. The estimated contract value […]

  • 9 December 2013
    Business & Finance

    Northern Offshore, Ltd. today announced that the company has executed a letter of intent with CAMAC International Limited, an affiliate of CAMAC Energy Inc. , for the drillship Energy Searcher.   The letter of intent, which is subject to customary conditions, provides for a subsidiary of Northern Offshore to work towards executing a definitive drilling […]

  • 12 January 2015
    Business & Finance, Exploration & Production, Project & Tenders

    Northern Offshore, Ltd. has announced today that on January 2, 2015 it issued a Notice of Contract Termination to Oceanic Consultants Nigeria Ltd. (Oceanic), an affiliate of Houston, Texas based CAMAC Energy Inc. for the Energy Searcher drillship drilling contract. The drillship, Energy Searcher, was under contract at the Oyo-8 well, off Nigeria, for CAMAC […]

  • 15 September 2014
    Equipment

    Camac Energy, an oil and gas exploration company focused on Africa, has stopped drilling offshore Nigeria following leaks discovered.

  • 29 June 2015

    Northern Offshore, Ltd. today announced a development in its contract dispute with Erin Energy Corporation (formerly CAMAC Energy Inc.) related to the contract for the drillship the Energy Searcher. Namely, the parties have reached an agreement with respect to the contract dispute settling all disputes and claims between them. To remind, Northern Offshore’s drillship was under contract […]

  • 14 August 2014
    Business & Finance

    Northern Offshore, Ltd. has reported net income for the three months ended June 30, 2014, of $9.3 million, or $0.06 per diluted share.

  • 22 April 2014
    Business & Finance

    CAMAC Energy Inc. has informed that the Northern Offshore Energy Searcher drillship is currently located offshore Cameroon, where it is awaiting final clearance by the Nigerian Department of Petroleum Resources (“DPR”) to enter Nigeria and commence drilling operations at the Oyo Field. CAMAC said that the department has completed its inspection and is expected to […]

  • 16 June 2014
    Business & Finance, Operations & Maintenance

    CAMAC Energy Inc. advised that the Oyo-8 development well was spudded on June 15, 2014. The Oyo-8 well is located offshore Nigeria in OML 120, where CAMAC Energy is the operator and owns a 100% working interest. This development well lies within the Oyo field, which was one of the first deepwater oil discoveries made in […]

  • 16 June 2014
    Business & Finance, Project & Tenders

    CAMAC Energy Inc. has announced that the Oyo-8 development well was spudded on June 15, 2014. The Oyo-8 well is located offshore Nigeria in OML 120, where CAMAC Energy is the operator and owns a 100% working interest. This development well lies within the Oyo field, which was one of the first deepwater oil discoveries […]

  • 4 May 2010
    Equipment

    Northern Offshore, Ltd. reported today that upon completion of the third well of a five-well drilling program for VietGazprom offshore… [mappress] wthr, May 4, 2010;

  • 16 February 2018
    Exploration & Production

    Northern Offshore has sold its semi-submersible rig Energy Driller to an unnamed party for conversion to alternative use.