Northern Offshore: First Quarter Results Exceeded Our Expectations
Northern Offshore Reports First Quarter 2015 Results Northern Offshore, Ltd. (Oslo Børs: NOF.OL) today reported net income for the three months ended March 31, 2015, of $5.9 million, or $0.04 per diluted share, on revenues of $44.6 million. The Company generated adjusted EBITDA of $14.1 million in the first quarter …
Northern Offshore: Negotiates 9 Month Delay of New Construction Jackup Deliveries
Northern Offshore, Ltd. today announced it has negotiated a nine (9) month delay in the deliveries of its high specification jackups, Energy Engager and Energy Encounter from a shipyard in China. The new delivery dates for these units are December 2016 and June 2017 respectively. President and CEO Gary Casswell commented “We sincerely …
Rosneft: Cancels Northern Offshore’s Energy Endeavor Jackup Contract
Northern Offshore, Ltd. announced North Atlantic Drilling Company Ltd (NADL) has received a cancellation notice for use of the Northern Offshore’s jackup Energy Endeavor from Rosneft Oil Company as part of a multi-rig contract to provide drilling services in the Russian Arctic commencing in the 2015 summer drilling season. President and CEO Gary …
Rosneft: Cancels Northern Offshore's Energy Endeavor Jackup Contract
Northern Offshore, Ltd. announced North Atlantic Drilling Company Ltd (NADL) has received a cancellation notice for use of the Northern Offshore’s jackup Energy Endeavor from Rosneft Oil Company as part of a multi-rig contract to provide drilling services in the Russian Arctic commencing in the 2015 summer drilling season. President and CEO Gary …
Northern Offshore: Delays Energy Endeavor Jack Up Contract With Rosneft
Northern Offshore, Ltd. today issued an update to its July 30, 2014 announcement of a 2 1/2 year contract with Rosneft for its jackup drilling unit Energy Endeavor. In conjunction with partners North Atlantic Drilling and Seadrill, Northern has agreed to delay the transaction until the end of May 2015. While Northern …