Northern Offshore

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, the company estimates downtime for the rig of at least six to eight weeks, including transit to and from the yard. Cost estimates will be prepared once the final scope of work has been defined. During the period the rig is in transit to Singapore, commencing on or around May 5, 2010, and under repair, the VietGazprom contract continues at zero dayrate. Upon completion of the repairs, the rig is expected to return to Vietnam to resume drilling operations under the contract.  

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

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

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

ConocoPhillips Makes Discovery Off Australia

ConocoPhillips announced a discovery in the Caldita No. 1 exploration well in the NT/P 61 license located offshore Northern Territory Australia. The well spudded on July 7, 2005, and encountered a significant hydrocarbon column in a high-quality reservoir interval. A drill stem test was conducted that flowed gas at a rate of approximately 33 million standard cubic feet per day on a one-inch choke. The well reached a total depth of 4,037 meters and will be plugged and abandoned as programmed

Aker Promar to Invest $46m in New Rio Shipyard

Norwegian shipbuilding company Aker Promar plans to invest $45.7m in building a new shipyard in the northern region of Rio de Janeiro state, the state government announced. U.S. offshore support company Edison Chouest will invest through local subsidiary Alfanave in the construction of an offshore support base in the same region close to the town of Quissama and Brazil's oil industry hub of Macae. The companies set the foundation stones on Tuesday.

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

Northern Sea Route International Conference

The upcoming conference will concern itself with problems and prospects for the NSR with its huge potential. The Central Research Institute of the [Russian] Navy and the magazine “News of Maritime Petersburg" with the support of the Ministry of Transport of the Russian Federation will organize the international conference 'The Northern Sea Route: State, Problems and Prospects' in St. Petersburg (Concert Complex 'Novoizmaylovsky', Novoizmaylovsky pr., 48) on 11, April 2013.