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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


New Trawler Launched in Poland

Photo: Nauta Shiprepair Yard

One of the world’s most powerful pelagic vessels launched at Nauta Yard    A launching ceremony for the partly outfitted fishing trawler M/V Voyager took place February 21 at Newbuilding Division of Nauta Shiprepair Yard in Gdańsk, Poland


MOL Invests in Self-Elevating Platform Vessel Operator

One of the world’s largest Self-Elevating Platform vessels, the Seajacks Scylla, owned and operated by Seajacks Photo MOL

Mitsui O.S.K. Lines, Ltd. today announced a plan to acquire a 5% share in Seajacks International Limited (Seajacks) Group, which owns and operates five Self-Elevating Platform vessels(*1), from Marubeni Corporation. This is a new offshore business for MOL, following FPSO(*2), FSRU (*3)


Asia-North Europe Box Rates Up 7 pct

File Image: Credit Port of Boston

Container spot freight rates from Asia to Northern Europe rose 7 percent to $961 per twenty-foot equivalent units (TEU), the Shanghai Containerized Freight Index showed on Friday.    Freight rates from Asia to ports in the Mediterranean rose $38 to $882 per TEU


ISS wins global Hurtigruten contract

ISS has won a global port agency contract with Hurtigruten, a world leader in expedition travel Photo ISS.

Inchcape Shipping Services (ISS), the world’s leading maritime and logistics service provider, has won a global port agency contract with Hurtigruten, a world leader in expedition travel. The new business sees ISS providing Hurtigruten with port agency services across the globe for up to


CMA CGM Rolls Out TURAF EXPRESS Service

Map: CMA CGM

Shipping group CMA CGM has announced the new service offer TURAF EXPRESS which directly links Turkey, Tunisia and Libya via Malta.   It is the first CMA CGM line to offer a direct connection between Northern Turkey (Istanbul, Gemlik and Aliaga) and the main Libyan ports (Misurata and El


Bibby Topaz Charter Extension

DSV Bibby Topaz (Photo: Bibby Offshore)

Bibby Offshore, provider of subsea installation and services to the offshore oil and gas industry, said it has secured a long-term extension to the charter of its dive-support vessel (DSV) Bibby Topaz, owned by Volstad Maritime.   The terms and conditions of the extended charter arrangement


Corvus to Supply Energy Storage for Hybrid Chemical Tanker

Photo: Corvus Energy

Corvus Energy Inc. has announced  that it has been selected as the supplier of the lithium ion based energy storage system (ESS) for a new hybrid chemical tanker being built for Rederiet Stenersen AS of Norway. The chemical tanker will be the first vessel of its kind to utilize an ESS


Diamond Offshore Sees Recovery when Oil 'Well over $60'

Photo: Diamond Offshore Drilling Inc

Rig contractor Diamond Offshore Drilling Inc's Chief Executive Officer Marc Edwards said on Monday oil prices needed to be "well over $60" to spur a recovery in offshore drilling.   The company's shares reversed course and were down 2.3 percent at $16


Oil Spill in Fore River, Maine

The U.S. Coast Guard said it is responding to an oil spill in the Fore River in Maine along with Maine Department of Environmental Protection and local fire departments.   According to initial reports, the cause of the spill was a car accident involving an overturned tank truck carrying


Containerized Living Quarters Delivered to MV Omalius

Photo: ELA Container Offshore

 ELA Container Offshore GmbH said it has delivered two offshore living quarters to Belgium based G-Tec Offshore s.a. The containers were placed on board of the multipurpose drilling vessel MV Omalius off the coast of France. The solution on deck turned out to be very successful as the units


US Weather Forecaster says La Niña Conditions Have Faded

A U.S. government weather forecaster on Thursday said La Niña has faded and neutral conditions are likely to continue through at least the Northern Hemisphere spring, even as it forecast the chance of El Niño may appear in the coming months.


Philippines-Indonesia Shipping Route Soon

Photo: Department of Transportation - DOTr Philippines

  The Department of Transportation (DOTr) announced plans to open a shorter shipping route between the Philippines and Indonesia, a move meant to strengthen trade relations between the two neighboring countries, reported  Manila Times.  


CMA CGM Improves NC Levant Service

Map: CMA CGM

 CMA CGM has announced the new upgraded service offer NC LEVANT, which directly links the Eastern Mediterranean Sea (Turkey, Egypt, Lebanon) and Northern Europe (Belgium, England, Germany), via Malta, Spain and Italy.   The NC Levant service will now provide extended port coverage with


DNV GL Completes Tech Due Diligence for Gaelectric

Image: DNV GL

 DNV GL has concluded vendor’s technical due diligence on a portfolio of wind farms totalling around 230 MW.   DNV GL successfully completed its vendor’s technical due diligence of a portfolio of Irish wind farms for Gaelectric Holding plc


ELA Offshore Develops New Type of Container

Photo: ELA Container Offshore

Offshore managed to deliver all required containers from scratch in only 3 months from project kick-off, including design and development up to turnkey delivery on an offshore converter station in the German North Sea.   “To come up with the best suitable container type






 
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