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Northern Ocean NOL.OL · NOK

Energy · Oslo Børs · 🇳🇴 Norway

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6.46

-0.31%

Close of 9 Nov 2026, in NOK

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About Northern Ocean

Its shares trade on Oslo Børs under the ticker NOL.OL. It has been listed since 9 December 2019. In the fiscal year to 31 December 2025, it reported revenue of $279.4m and a net loss of $102.7m. At that date it held total assets of $507.0m and shareholders' equity of $345.1m.

Northern Ocean Ltd. engages in the ownership of offshore drilling rigs. The firm is engaged in offshore drilling for the oil and gas industry in harsh environments worldwide. The firm owns two semi-submersible rigs, namely Deepsea Mira and Deepsea Bollsta, which has the capacity of drilling at a water depth of approximately 10,000 feet. The firm contracts its drilling rigs primarily on a day rate basis for long periods.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Energy
Industry
Energy Equipment & Services
Listed since
9 Dec 2019
Employees
7

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Deepsea Mira and Deepsea Bollsta operate in harsh environments with 10,000-foot water depth capacity.
  • Northern Ocean Ltd. owns two semi-submersible rigs for offshore drilling in oil and gas.
  • The company contracts rigs on a day rate basis for long-term projects globally.

Weaknesses

  • The firm has only seven employees, limiting operational capacity.
  • Limited workforce restricts the ability to manage multiple projects simultaneously.
  • Small team size may hinder rapid response to market changes.

Opportunities

  • Expanding offshore drilling demand in harsh environments worldwide.
  • Growing need for deep-water drilling rigs in oil and gas exploration.
  • Potential for long-term contracts in the energy sector's offshore segment.

Threats

  • Global energy market volatility affecting oil and gas demand.
  • Regulatory changes in offshore drilling operations could increase costs.
  • Competition from larger firms with more extensive rig fleets.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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