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Northern Offshore

Rosneft Cancels Rig Contract

800px-Rosneft_logo.jpg

  Russian oil firm Rosneft has cancelled a contract for a two-and-a-half year rig contract with Northern Offshore and Seadrill's North Atlantic Drilling Ltd, the Norwegian offshore driller said. Western sanctions against Russia, and Rosneft in particular, have led the Russian oil group to cancel a North Atlantic Drilling vessel earlier this month and raised concerns whether a larger agreement would go through.. The contract, worth about $150 million, was for Northern Offshore's jack-up rig, Energy Endeavour, which is "part of a multi-rig contract to provide drilling services in the Russian Arctic commencing in the 2015 summer drilling season," Northern Offshore said in a statement dated March 24. The rig is part of a bigger deal between North Atlantic Drilling and Rosneft to supply 150 land rigs and for Rosneft to then take a 30 percent stake in the company. "We agreed before Christmas to postpone the deal and meet again in May," North Atlantic Drilling's Chief Executive Alf Ragnar Loevdal said on Wednesday. "As you tell, the geopolitical picture remains unresolved and we can't start the work because of that," he said, adding that the deal could be postponed until relations between the West and Russia improve. Rig firms have also been hit by cuts in spending by oil firms due to the slump in crude oil prices and rig rates have halved from a peak two years ago.


Energy Searcher Gets Offshore Nigeria Contract

Drillship Energy Searcher: Image courtesy of the owners

Northern Offshore subsidiary, Northern Offshore International Drilling Company says it has executed a long-term drilling contract with an affiliate of CAMAC Energy Inc. for its drillship 'Energy Searcher'. The contract commits to an initial period of one year, with an option to extend the contact for an additional one-year term. Commencement of drilling activities on the Oyo Field offshore Nigeria is expected during the first half of 2014.


Oslo Sees Comeback For Maritime Stocks

The All Share Index in Oslo was up 3.8 percent in May, and shipping and offshore stocks were leading the way as the Shipping Index surged 13.9 percent during the month. All but three of the offshore stocks listed on the OSE experienced positive share price movements in the period. Northern Offshore (NOF), announcing strong results for first quarter, was up all of 50 percent. Nortrans Offshore (NOL), Navis (NIS), Stolt Comex Seaway (SCS) and Smedvig (SME/SMEB) were all up between 33 and 20


Energy Searcher to Undergo Repairs

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 rig to Singapore to make the necessary repairs. Although preliminary and subject to further inspection in the shipyard


Blount Boats to Manufacture US-flagged Catamarans

Blount Boats, Inc. has been appointed by South Boats Special Projects, Ltd., based at Cowes on the Isle of Wight, England, to be the exclusive shipyard to manufacture U.S. flagged aluminum catamarans of South Boats designs for the U.S. wind farm industry. Blount Boats operates a shipyard in Warren, Rhode Island. South Boats is recognized as a pioneer in designing and manufacturing wind farm service vessels. Their shipyard has built 45 vessels in five classes, from 15M – 30 meters


Damen Delivers Twin Axe to Northern Offshore Services

Photo: Damen

Northern Offshore Services has taken delivery of its first Damen Twin Axe, just weeks after the order was placed in August. The 26-meter Fast Crew Supplier is already being deployed at an offshore wind farm in the North Sea. Crewboat operator Northern Offshore Services has offices in Sweden and Denmark and a fleet of nearly 20 vessels. The company specializes in the safe and reliable transport of personnel and equipment to the offshore (wind) industry and is a new customer for Damen.


Trico Marine Takes Delivery on New Platform Supply Vessel

Trico Marine Services, Inc., has taken delivery on the Northern Canyon, a 279-ft. UT 745 design platform supply vessel (PSV). The state-of-the-art vessel is designed to serve deepwater markets worldwide. Built in Norway, the Northern Canyon is equipped with a DP2 (dynamic positioning) system and is among the largest, most technologically advanced PSVs available in the industry. The vessel, which will be deployed initially in the North Sea


Oslo Sees Comeback For Maritime Stocks

The All Share Index in Oslo was up 3.8 percent in May, and shipping and offshore stocks were leading the way as the Shipping Index surged 13.9 percent during the month. All but three of the offshore stocks listed on the OSE experienced positive share price movements in the period. Northern Offshore (NOF), announcing strong results for first quarter, was up all of 50 percent. Nortrans Offshore (NOL), Navis (NIS), Stolt Comex Seaway (SCS) and Smedvig (SME/SMEB) were all up between 33 and 20


Oslo Sees Comeback For Maritime Stocks

The All Share Index in Oslo was up 3.8 percent in May, and shipping and offshore stocks were leading the way as the Shipping Index surged 13.9 percent during the month. All but three of the offshore stocks listed on the OSE experienced positive share price movements in the period. Northern Offshore (NOF), announcing strong results for first quarter, was up all of 50 percent. Nortrans Offshore (NOL), Navis (NIS), Stolt Comex Seaway (SCS) and Smedvig (SME/SMEB) were all up between 33 and 20


Northern Canyon Completes Gunnison Spar Contract

In November, Canyon Offshore Inc., a subsidiary of Cal Dive International mobilized the M/V Northern Canyon with two 2,500-m rated Triton XLS systems on board, to support the Gunnison Spar installation for Kerr McGee. Canyon operated as a subcontractor to Cal Dive International, Inc. The vessel has since completed a number of SPAR installation tasks, including survey array installation, flowline and riser installation support, mooring hook up support


BV & Ship-to-Ship LNG Bunkering

Ship-to-ship LNG bunkering

Bureau Veritas is supporting the adoption of clean fuel LNG through the classification of both vessels in the world’s first ship-to-ship LNG bunkering operation between two independent ocean-going vessels. On September 3 2016, Terntank Rederi’s M/T Ternsund bunkered LNG from Coral


Giant Sea Wall to Save Sinking Jakarta

Map by Van der Schaar Investments B.V.

 Greater Jakarta, one of the world's most densely populated cities, sits on a swampy plain and is sinking at a faster rate than any other city in the world.   As per a report in Reuters, Indonesia will resume land reclamation that will help prevent Jakarta from sinking below sea level


ClassNK to Host Floating Offshore Wind Round Table

Photo: ClassNK

ClassNK, Japan’s an  international certification and classification society, will host a round table discussion about floating wind technologies on the sidelines of Wind Energy Hamburg (WEH) on September 26.   “ClassNK is one of the leading classification societies


Harvest Halts as Rains Douse Midwest, Could Impact Barge Loading

File Image (AWO)

Heavy rains and flooding swamped a broad swathe of the northern Midwest this week, halting the harvest of corn and soybeans and forcing the closure of at least two Iowa crop processing plants, traders and farmers said on Friday. Farmers' concerns grew that standing water in fields could damage


Shots Fired: US Navy Ship Warns Iranian Vessel

USS Nitze (U.S. Navy photo by Scott Pittman)

A U.S. Navy ship fired warning shots after an Iranian fast-attack craft approached two U.S. ships in the northern Gulf on Wednesday, a U.S. Defense official said.   The official, speaking on the condition of anonymity, said three warning shots were fired from a


Onshore Spending on the Cusp of Recovery?

Graph Source: Douglas-Westwood World OFS and OFE Market Forecast Reports Q2 2016

 DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will see the start of a barren period for the offshore OFS and OFE sectors.  


New Offshore Gangway Launched at ONS

Image: Bosch Rexroth

The new Barge Master Gangway will be presented at the joint booth of Barge Master and Bosch Rexroth during the international offshore trade exhibition ONS (Offshore Northern Seas) in Stavanger.   The next generation gangway, a result of cooperation between Bosch Rexroth and Barge Master


Arctic Sea Ice Melt Continues

Average sea surface temperature measured by satellites using thermal emission sensors, which produce global data adjusted after comparison with ship and buoy data, and sea ice concentration derived from NSIDC near-real-time data for August 7, 2016. Also shown are drifting buoy temperatures at the ocean surface (colored circles); gray circles indicate that temperature data from the buoys are not available. (Credit: M. Steele, Polar Science Center/University of Washington)

As of August 14, Arctic sea ice extent is tracking third lowest in the satellite record, according to the National Snow & Ice Data Center (NSIDC). The southern route through the Northwest Passage appears to be largely free of ice. Despite a rather diffuse ice cover in the Chukchi Sea


Hurricane Warning Issued for Florida; Madeline Weakens off Hawaii

Forecasters and public officials urged Floridians to prepare for potentially catastrophic flooding and damaging winds as Tropical Storm Hermine was expected to become a hurricane by the time it reached Florida's northern Gulf Coast on Thursday.


Freight Rates Spike after Hanjin Collapse

File image (DP World)

The cost of transporting containers from ports in Asia to Northern Europe and the United States jumped this week after the collapse of South Korean Hanjin Shipping Co Ltd. Container spot freight rates on the world's busiest routes from Asia to Northern Europe jump 36


US Weather Forecaster Reduces Outlook for La Nina

Image Credit:  Dan Pisut, based on Geo-Polar data

A U.S. government weather forecaster reduced its outlook on Thursday for La Nina conditions to develop during the Northern Hemisphere fall and winter 2016/17, saying neutral conditions were more likely.   The Climate Prediction Center (CPC), an agency of the National Weather Service


MN100: Northern Lights, Inc.

(Photo: Northern Lights, Inc.)

 The Company: Founded in 1958, Northern Lights manufactures marine power generation, propulsion and air conditioning and refrigeration systems. The company’s products are distributed through a global sales and service network of over 340 dealers in more than 40 countries


Fishing Vessel Burns up in Maine

Coast Guard Petty Officer 3rd Class Cory Langston fights the boat fire from the Coast Guard 29-foot response boat in Hopkins Point Marina in Jonesport, Maine on Thursday, Sept. 8, 2016. The was no one aboard at the time of the fire. (U.S. Coast Guard photo by Stephanie Horvat)

A boat fire was extinguished Thursday off the coast of Jonesport, Maine. The was no one aboard at the time of the fire.   At about 6:12 a.m., watchstanders at U.S. Coast Guard Sector Northern New England received a call from the owner, who was on shore


Plan Introduced to Drive US Offshore Wind Energy

Photo: U.S. Dept. of Energy

A new collaborative strategic plan has been published today which aims to continue accelerating the development of offshore wind energy in the United States.   Announced by U.S. Secretary of Energy Ernest Moniz and U.S. Secretary of the Interior Sally Jewell, the plan


First Offshore Exhibition at Maritime Museum Rotterdam

Frits Loomeijer, General Director of the Maritime Museum

Over forty-five leading companies in the shipping and offshore maritime sector are among those who have contributed to the funding for the first ever exhibition in the Netherlands dedicated to the offshore sector, to be housed at The Maritime Museum Rotterdam for the next seven years






 
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