Hva tror folk her? Kjøpt opp, Utbyttemaskin, videre vekst ved kjøp av flere rigger? De begynner i hvertfall å tjene gode summer i et marked som ligger an til å betale bra en del år fremover
NOL er ett asset play
Mtp ratene kan de snu. Ser asset play, men hvis de klarer å holde ting gående kan de jo slippe å bli kjøpt opp og bare tjene på gode rater over lengre tid? Eller er jeg helt på jordet da?
JF har størst eierandel i NOL, han venter nok til han ser at får best betalt og dumper det på Sdrl der han har mindre eierandel.
Ser også at begge riggene er registret i Norge, er ikke det litt rart. Alle riggene til for eksempel Odfjell er registrert i Bermuda. Må vel være noe å tjene på det også? Rart at ikke JF i kjent stil vil spare hvor spare mulig.
Sterk sluttning av SLF, 525K $ for to brønner.
NOL burde gå betraktlig på en slik melding
Nå har NOL bare falt og falt siden slutten av september. Synes ikke siste Q rapporten var så dårlig, så nå må den da begynne å bli billig.
Hørte podkast av Arctic, og kjøpte meg inn i denne. Hadde på forhånd lest meg opp litt å selskapet. Liker denne type “spill”
Syns det er rart om markedet er så stramt for disse 17 harsh rigger rundt i verden at ikke Shell forlenger kontrakten. Hva tenker dere her inne? Jeg lurer på å kjøpe mer, men leser enkelte mener det må en emisjon grunnet klassing?
18 November 2024 – Hamilton, Bermuda
Northern Ocean Ltd. (the “NOL” or “Company”) is pleased to announce a contract award for Deepsea Bollsta from Equinor Energy AS, a subsidiary of Equinor ASA (together “Equinor”), for work in Norway. The contract is expected to commence in the second half of 2025 and has an estimated firm duration of two years, plus five one-year optional periods, where the first year is priced and the following years are unpriced. The contract adds approximately USD 335 million of firm backlog to the Company with the addition of around USD 80 million for client specific upgrades, integrated services and mobilisation from Namibia to Norway. This will increase Company’s firm backlog to approximately USD 465 million.
NOL will work together with its operational manager Odfjell Drilling AS (“Odfjell Drilling”), to move the rig from Namibia for operations in Norway in a safe, secure and efficient manner, in direct continuation of completed work in Namibia.
In addition, the Company has signed a letter of intent with an undisclosed operator for one well work in Norway, to be completed in advance of the Equinor contract.
Arne Jacobsen, Chief Executive Officer of NOL, commented: “This marks a turning point for the Company to secure a longer-term contract in Norway with a client like Equinor, which adds more than USD 415 million to the revenue backlog. This provides a solid foundation for NOL to further develop the company and continue to build backlog, enabling the next steps of the company strategy.
This is yet another proof that the NOL business model, combining NOL`s superior assets with Odfjell Drilling’s operations, is a very attractive solution for our high-quality clients.”
For more information, please contact:
Arne Jacobsen, Chief Executive Officer: + 971 55 639 0860
Jonas Ytreland, Chief Financial Officer, +47 994 65 550
With reference to the stock exchange notice dated 18 November 2024, Northern Ocean Ltd. (“NOL”) is pleased to announce a contract award for Deepsea Bollsta from a renowned client, for work in Norway. The contract is expected to commence in the second quarter of 2025, immediately after the rig has mobilised for operations on NCS. The contract has an estimated firm duration of 54 to 99 days, to be completed in advance of the Equinor contract announced on 18 November this year. The contract adds approximately USD 23 to 42 million of firm backlog and will increase NOL’s firm backlog to approximately USD 488 to 507 million.
This contract further solidifies NOL’s cash flow projections for 2025 and the company does not plan for any further equity raises in connection with the mobilisation of Deepsea Bollsta to Norway. NOL is continuously monitoring the debt market and plans to refinance its current debt falling due in June 2026 when it sees a good balance between terms and conditions versus order backlog.
NOL will work together with its operational manager, Odfjell Drilling AS, to prepare for operations in Norway in a safe, secure and efficient manner.
Arne Jacobsen, Chief Executive Officer of NOL, commented: “This is the third contract in as many months and adds to the drilling program in Norway, with a well reputed client. In addition to increasing the backlog this contract contributes to removing potential idle time for the rig in advance of the Equinor contract. With Deepsea Bollsta being fixed on contracts until the end of 2027, excluding options, NOL will focus all marketing efforts to increasing the order backlog for Deepsea Mira in the months ahead.”
NOL: Deepsea Mira option exercised
December 24, 2024 – Hamilton, Bermuda
With reference to the stock exchange notice dated 9 August 2024, Northern Ocean Ltd (“NOL” or the “Company”) is pleased to announce that a subsidiary of TotalEnergies SE has exercised the previously announced option. The firm term of this contract has, as a result, been extended by approximately 65 to 93 days. This extension provides approximately USD 27 to 38 million of additional revenue backlog and will increase NOL’s firm backlog to approximately USD 515 to 545 million.
Arne Jacobsen, Chief Executive Officer of NOL, commented: “NOL is pleased with this extension, because it extends our good relationship with TotalEnergies and also demonstrates the capabilities of the rig. The Deepsea Mira, with Odfjell Drilling’s services, is one of the most capable rigs for year-round operations in harsh weather conditions. In the last four months, the Company has increased its contract backlog by about USD 500 million”
For more information, please contact:
Arne Jacobsen, Chief Executive Officer: + 971 55 639 0860
Jonas Ytreland, Chief Financial Officer, +47 994 65 550
NOL: Mandatory notification of insider transaction
Eirik Sunde, chief commercial officer, has purchased 68,286 shares in Northern Ocean Ltd. (NOL). Following this purchase Mr. Sunde owns 68,286 shares in NOL. The shares were purchased 12 March 2025 at an average purchase price of NOK 6.48, as described in the attached form. This information is subject to the disclosure requirements in Article 19 of MAR (Regulation (EU) No. 596/2014 on market abuse) as implemented in Norway in accordance with section 3-1 of the Norwegian Securities Trading Act.