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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


Seacat Services Secures Burbo Bank Charter Deal

Seacat Endeavour (Photo: Seacat Services)

DONG Energy has awarded  offshore energy support vessel operator Seacat Services with the supply contract for all crew transfer services at its 258MW Burbo Bank Extension project under development in the Irish Sea. The four-vessel charter contract, with durations of three to 11 months


VOS Sugar First Charter

Photo: Vroon

 The newest addition to Vroon’s fleet, subsea-support vessel (SSV) VOS Sugar, recently started work in the BARD Offshore 1 Offshore Wind Farm (OWF). The vessel is supporting dive operations and maintenance work on wind-turbine foundations for clients NDE Offshore.  


Strike Idles 38 Oil Tankers at Fos-Lavera

Some 38 oil tankers have been held up at the Fos-Lavera oil port in southern France, the country's biggest, including 25 at harbour, up from 12 the previous day, a port authority spokeswoman said on Friday. She said 13 other tankers were waiting at quay


Asia-N.Europe Box Freight Rates Soar 37 pct

File Image: A containership alongside at the port of Hamburg. (credit port of Hamburg)

Freight rates for shipping containers from ports in Asia to Northern Europe jumped 37 percent to $720 per 20-foot container (TEU) in the week ending on Friday, a person with access to data from the Shanghai Containerized Freight Index told Reuters.


Liebherr Offshore Crane on “Giant 7”

Liebherr board offshore crane BOS 35000 Giant 7 in-operation Photo Liebher

The Liebherr offshore crane division installed a board offshore crane, type BOS 35000 on the heavy lift barge “Giant 7”. The state of the art offshore crane will be used for wind plant installation in the Baltic Sea region. The entire project starting from design through


Asia-N.Europe Box Rates Dive 13 pct

The CMA CGM Ben Franklin loads cargo alongside the pier (file image: Marad)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 13.1 percent to $636 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Two Massive Container Ships Collide

Safmarine Meru . Photo: Maersk Line

Maersk Line's 292-meter (958-foot) Safmarine Meru and  the 318-meter (1,043-foot) Northern Jasper operated by Germany’s  Norddeutsche Reederei H. Schuldt GmbH & Co collided off the coast of China late Saturday with one catching fire, but the crews of both vessels are safe.


China Issues Guidance on Arctic Navigation

(Photo: Maritime Safety Administration of the Peoples Republic of China)

On April 5, China issued “Guidances on Arctic navigation in the Northwest route 2015”, which provides navigation information services for international navigation ships planned navigating in Arctic waters.   The Northwest Passage


CMA CGM Launches Baltic Levant Express Service

Image: CMA CGM

CMA CGM’s new Baltic Levant Express service offers direct connection between Saint Petersburg and the Eastern Mediterranean region   Starting May 9, container shipper CMA CGM has launched the new Baltic Levant Express service, offering a direct connection between Saint Petersburg and


Emas Reels in $32m Contract

Photo: Emas Offshore

 Singapore-listed offshore firm EMAS Offshore Limited wins $32m of new business  has secured new awards and letter of intents for charters amounting to approximately US$32 million, including options.   These new charters will see EMAS Offshore’s Anchor Handling Tug (AHT)


DONG Energy Set for Europe's Biggest Share Float This Year

Photo: DONG Energy

Danish wind farm developer DONG Energy, which analysts value as high as $13 billion, said on Thursday it plans to list its shares on the Copenhagen stock exchange this summer.   Having built more than a quarter of the world's offshore wind farms


Asia-N.Europe Box Rates Sag Almost 5 pct

File Image: a Maersk Container Vessel alongside engaged in cargo operations (Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 4.7 percent to $606 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Denmark, US to Partner on Offshore Wind

Photo: Denmark.dk

Denmark and the United States have signed a memorandum to strengthen cooperation on offshore wind energy projects, the U.S. Bureau of Ocean Energy Management (BOEM) announced.   On May 4, 2016 at the Embassy of Denmark in Washington, D.C


Petrofac Wins $100 Million North Sea Deal

Image: Petrofac

 Petrofac is set to build on its provision of reimbursable services for Total E&P UK following the award of an enhanced three-year contract extension on the Alwyn and Dunbar platforms in the Northern North Sea.   The contract, worth in the region of $100 million


French Oil and Port Workers Vote to Begin New Strikes

Oil sector workers of French CGT and FO unions voted on Monday to begin a strike at Exxon Mobil's 240,000 barrels-per-day Port Jerome refinery in northern France, the unions said in a joint statement.   Workers at a port terminal in Le Havre, northern France






 
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