Search results for: northern-offshore

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  • 16 January 2018
    Exploration & Production

    U.S. offshore driller Northern Offshore has taken delivery of a new jack-up drilling rig built by Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS) in China.

  • 7 April 2017
    Exploration & Production

    COSCO’s Dalian shipyard and drilling contractor Northern Offshore have agreed to postpone the delivery of two jack-up drilling rigs amid challenging offshore drilling market.  The shipyard received an order for two LeTourneau Super 116E jack-up drilling rigs in November 2013 and the plan was to deliver the rigs in 1H2016 and 2H2016, respectively. However, the rig builder […]

  • 4 July 2019
    Business & Finance

    Northern Offshore Group is making a strategic investment in the UK-based CPower Energy with an aim to broaden its activities in the offshore wind industry. According to Northern Offshore, the owners have followed CPower during its first couple of years in the business and saw the acquisition as part of a long-term growth strategy across various segments […]

  • 20 February 2014
    Business & Finance

    Northern Offshore, Ltd. today reported net income for the three months ended December 31, 2013, of $5.9 million, or $0.04 per diluted share, on revenues of $46.8 million. The net income for the three months ended December 31, 2013, of $5.9 million, or $0.04 per diluted share, on revenues of $46.8 million, compared to net […]

  • 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.

  • 10 May 2019
    Business & Finance, Exploration & Production

    Drilling contractor Northern Offshore has signed Letters of Award for two long-term contracts for its newbuild jack-up drilling units with Qatar Petroleum.

  • 16 February 2018
    Exploration & Production

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

  • 11 February 2020
    Business & Finance, Equipment, Exploration & Production

    Offshore telecommunication services provider RigNet has signed a long-term agreement with offshore driller Northern Offshore to provide various services to its fleet of rigs in the Middle East.

  • 4 January 2018
    Exploration & Production

    Offshore driller Northern Offshore has reportedly sold one of its jack-up drilling rigs to oil company Perenco.

  • 10 January 2018
    Exploration & Production

    Offshore driller Northern Offshore has sold its two veteran jack-up drilling rigs to Dixtone Holdings, an affiliate of the Perenco Group.

  • 4 July 2017
    Operations & Maintenance

    Denmark’s Northern Offshore Services has entered into a commercial agreement with the Hamburg-based Opielok Offshore Carriers to take on management of the company’s only crew transfer vessel (CTV) – OOC Nerz.

  • 29 June 2015
    Business & Finance, Exploration & Production

    Shandong Offshore International Company Limited has decided to acquire Northern Offshore, Ltd. (NOF) for $165 million.  The acquisition of NOF will be done by Shandong Offshore Company Limited (Bidco), which is a wholly owned subsidiary of the Shandong Offshore International Company Limited. It will be implemented by way of an amalgamation under Bermuda law at an acquisition price of […]

  • 28 November 2014
    Business & Finance, Exploration & Production

    Offshore drilling contractor Northern Offshore has agreed to postpone a rig contract with Russian oil giant Rosneft. In its announcement, Northern Offshore said that the contract for the Energy Endeavour jack-up rig would be delayed until May 2015. The original agreement for the rig was signed in July. Under the deal, the contract would be […]

  • 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 […]

  • 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 […]

  • 9 July 2020
    Business & Finance, Vessels

    Northern Offshore Services (NOS) has acquired two crew transfer vessels (CTV) from Sure Wind Marine Limited. The CTVs SURE Diamond and SURE Dynamic are being renamed to M/V Master and M/V Mariner and will be part of the M-Class series, which now has four vessels. According to NOS, the vessels will continue their current operations […]

  • 27 July 2010
    Business & Finance

    Northern Offshore, Ltd. announced today that Mr. Gary W. Casswell has been appointed by the directors to serve as President and Chief Executive Officer of the Company. Mr. Casswell has more than 30 years industry experience, most recently serving as Vice President, Eastern Hemisphere Operations for Pride International, Inc. In that position, Mr. Casswell was […]

  • 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 […]

  • 16 September 2014

    Northern Offshore’s third quarter 2014 revenue will take a hit after it has been announced that the company’s only drillship experienced equipment problems offshore Nigeria.

  • 17 April 2018
    Business & Finance

    Swedish crew transfer vessel (CTV) operator Northern Offshore Services (N-O-S) is establishing a physical presence in Germany by opening an office in Hamburg.

  • 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 […]

  • 16 May 2013
    Business & Finance

    Northern Offshore,  a Bermuda-registered company providing drilling units to the international oil and gas industry, has reported net income for the three months ended March 31, 2013 of $1.1 million, or $0.01 per diluted share, on revenues of $41.4 million.  The company generated $9.8 million of first quarter EBITDA. The positive net cash balance stands at $18 […]