North Atlantic Drilling (NADL), a subsidiary of Seadrill, will delay the closing of a deal with Russia's Rosneft by two years and has agreed to renegotiate the terms of the agreement, reports Reuters. NADL will also be permitted to delay the construction, delivery, or shipyard stay of any of those rigs. Western sanctions levied against Russia for its actions in Crimea have raised concerns over the future of the $4.1 billion agreement and have already forces Rosneft to terminate several North Atlantic Drilling contracts. North Atlantic Drilling said in a statement, "Today, all parties have mutually agreed to extend the termination date ... whereby any party can terminate the framework agreement and/or any offshore drilling contracts at any time prior to May 31, 2017, at no cost." The two companies also agreed to renegotiate the terms following the collapse of rig rates caused by the 50% fall in the oil price since June 2014. Per the terms of the agreement, which in November was first delayed to May this year, North Atlantic Drilling would purchase roughly 150 land rigs from Rosneft. Rosneft, in turn, would acquire a stake of roughly 30% in North Atlantic Drilling. Seadrill, which now holds 71% of North Atlantic Drilling, would remain its majority shareholder.
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..
Greenpeace won its bid to delay oil exploration in the north Atlantic when a judge ruled the British government was failing to apply a European Commission environmental directive in allocating licenses. The government is considering an appeal against the judgment on the basis that it is not taking into account the Commission's Habitats Directive in issuing exploration licenses. A spokesman said the government had been planning to issue new licenses in its 19th round early in 2000
From the Navy News Service 1812 - Frigate President captures British schooner L'Adeline in North Atlantic. 1942 - Submarines USS Nautilus (SS 168) and USS Argonaut (SS 166) land 222 Marines on Makin Island, first amphibious attack made from submarines. 1959 - Adm. Arleigh Burke re-appointed as Chief of Naval Operations (CNO) for third two-year term, serving longest term as CNO. 1962 - Navy's first hydrofoil patrol craft, USS High Point (PCH 1) launched at Seattle, Wash.
The National Oceanic and Atmospheric Administration (NOAA) issued an advance notice of proposed rulemaking (ANPRM) discussing possible strategies to reduce mortalities to North Atlantic right whales as a result of vessel collisions. Strategies being considered include new operational measures (such as routing and speed restrictions), negotiation of a conservation agreement with Canada, and new education and outreach programs. Comments on the ANPRM should be submitted by August 2, 2004
Maritime VSAT provider adds more capacity on its satellite network to support customer demand in the North Atlantic, Hudson Bay, the North Sea, and the Mediterranean Sea KVH Industries, Inc. expanded the capacity of its mini-VSAT Broadband network with two upgrades recently, supporting growing customer demand for broadband at sea. One expansion added a new satellite beam that doubled the mini-VSAT Broadband network capacity in the North Atlantic Ocean region
In August 2001, the National Marine Fisheries Service (NMFS) proposed ship traffic management measures as a means of reducing the incidence of ship strikes and resulting fatalities of the North Atlantic Right Whale. There are approximately 350 surviving Right Whales, and they are considered to be the most endangered of the large mammals. Through federal regulation, the NMFS implemented a "mandatory ship reporting system" to increase the industry's awareness of the problem and encourage the
On Monday, January 18, 2010, Donjon-SMIT, LLC, an OPA-90 Alliance, was notified by QI Gallagher Marine Services that a vessel required emergency towing assistance. The Tavricheski Bridge, managed by UNICOM Ship Management, had broken a main engine camshaft and lost main propulsion 160 miles Southeast of Nantucket in the North Atlantic. The Tavricheski Bridge, a 50,300 GT tanker, was carrying 32,500 MTs of Naptha
Cruise ship 'Ballmoral' sails from Southampton for New York with remembrance service stopover at 'Titanic' resting place A cruise ship steamed out of the British city of Southampton Sunday to retrace the route taken by the legendary ill-fated ocean liner Titanic 100 years ago, reports VOA. Many of the passengers sailing to New York on the Balmoral are relatives of those who lost their lives when the Titanic hit an iceberg and sank in the North Atlantic on April 14, 1912.
The U.S. Coast Guard International Ice Patrol (IIP) announce it is scheduled to take over responsibility Wednesday for issuing daily iceberg warnings for the North Atlantic Ocean marking the beginning of the 2014 Ice Season. In early February, the IIP will deploy the first ice reconnaissance detachment to Newfoundland, Canada to meet with Canadian partners and to conduct the initial aerial patrols of the season. Iceberg reconnaissance is conducted primarily with HC-130J aircraft from U
The Vane Brothers Company, a marine transportation provider headquartered in Baltimore, Md., has taken delivery of the Elizabeth Anne, the first in a new series of 4,200-horsepower tugboats. Vane Brothers has ordered a total of eight Elizabeth Anne Class towing vessels through St
Britain is doubling its naval deployments to North Atlantic Treaty Organization (NATO) in a move aimed a showing enemies that "we are ready to respond to any threat", the Defence Secretary Michael Fallon has announced.
1778 - During the American Revolution, the Continental frigate Boston captures the British ship Martha in the North Atlantic. 1845 - George Bancroft takes office as the 17th Secretary of the Navy. Although he serves in that position only 18 months
AccuWeather reports the potential movement of a 'cold blob' of water in the North Atlantic Ocean may be the wild card in the 2016 Atlantic hurricane season, experts say. The cold blob refers to a large, anomalous area of colder-than-normal sea-surface temperatures
Vard Holdings Limited has secured a contract worth approximately NOK 350 million for the construction of one stern trawler for a new Canadian client. The ice-classed vessel will be 79 meters long, 16.6 meters wide and is of Rolls-Royce NVC 374 design
Intelsat S.A. today reported that its Intelsat 34 satellite was launched successfully from French Guiana aboard an Ariane 5 vehicle. Liftoff occurred at 4:34 pm EDT. The Intelsat 34 satellite separated from the rocket’s upper stage 40 minutes after launch, at 5:14 pm EDT
In order to profit from the growing reefer markets in South America and Asia, Hapag-Lloyd has ordered 6,000 cutting-edge reefer containers – more than ever before in the company’s history. Hapag-Lloyd is gearing up for the temperature-sensitive cargo business in the important
United Arab Shipping Company (UASC) has confirmed that its reefer business will continue to expand. Following several initiatives including investment in new reefer units, and a cooperation agreement with Hamburg Süd opening up new services to South America
Russia is building an “arc of steel” from the Arctic to the Mediterranean Sea said a NATO commander, in the same vein as Winston Churchill’s Iron Curtain metaphor. Navy Adm. Mark Ferguson, who commands NATO’s Allied Joint Force Command in Naples, Italy, and U
On 29 October 2015 the research icebreaker Polarstern will leave its homeport in Bremerhaven for Cape Town, South Africa, where it is expected to arrive on 1 December. It will take 32 students hailing from 19 countries on board, who will be introduced to the latest methods and instruments
Vessel speed restrictions have been set in hopes of helping to protect endangered North Atlantic right whales by reducing the likelihood of collisions between ships and marine life, GAC reports. The U.S. Coast Guard (USCG) Sector Delaware Bay has advised mariners of the speed restrictions
Chicago Express brings vintage Messerschmitt to the U.S. Container shipper Hapag-Lloyd has transported some unusual cargo from Rotterdam to Norfolk. Securely packed in a 40-foot cube container, the vintage fighter airplane, a Messerschmitt Bf 109
After a quiet holiday period, the market has slowly awakened from its slumber, says the weekly report by Fearnleys A.S. Rates are not running away but the market looks like it is finding a bottom. Averages for a Surpa are now around mid $4
Using new information not previously available, NOAA Fisheries is expanding critical habitat for endangered North Atlantic right whales to cover its northeast feeding areas in the Gulf of Maine/Georges Bank region and southeast calving grounds from North Carolina to Florida.
The launch yesterday of the Intelsat 29e, the first of the Intelsat EpicNG high throughput satellites, promises to usher in a new era of "Big Data" in the maritime sector, among others. The satellite was launched from French Guiana aboard an Ariane 5 vehicle