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
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
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
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.
Ocean drilling expedition retrieves multi- million-year cores from the North Atlantic off Newfoundland. Researchers on board the scientific ocean drilling vessel JOIDES Resolution recently completed an expedition to the North Atlantic, near the coast of Newfoundland, Canada. Here, near the final resting place of the ill-fated RMS Titanic, large sediment drifts contain detailed records of the Paleogene – a span of about 40 million years when Earth’s climate shifted from a sultry
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
United Arab Shipping Company (UASC), a container shipping line recently announced the launch of a North Europe – US East Coast (NEU1) service as well as an order of 3,500 reefer containers. The new NEU1 service is part of UASC’s strategic global network to provide customers with
SDSU scientists analyzed a half-mile slice of Western Antarctica ice core to help determine that climate change begins in the Arctic and moves southward, according to chemistry professor Jihong Cole-Dai of the SDSU Ice Core and Environmental Chemistry Lab.
A Russian military surveillance aircraft skimmed above four North Atlantic Treaty Organization (NATO) warships in the Baltic Sea earlier this week, CNN is reporting. According to the television channel, the incident involving four NATO warships, including US destroyer Jason Dunham
Crowley Maritime Corp. informs its liner services group will add sailings between Pennsauken, N.J., and San Juan, Puerto Rico, this summer. The company has served the Puerto Rico market since 1954. “With our accelerated sailing schedule
Container shipping line and global carrier, United Arab Shipping Company has entered into a vessel sharing agreement with CMA CGM and Hamburg Süd to enter the North Atlantic trade. The vessel sharing agreement will see the three partner companies operate a service that links
Turkish parliament’s approval to extend the mandate of Turkish Naval Forces in NATO's operation in the Gulf of Aden for one more year is strategically important, says a report in the Journal of Turkish Weekly. The region is critical for Turkey's foreign trade activities.
The U.S. Coast Guard International Ice Patrol opened the annual ice season February 3 to detect and track icebergs in the North Atlantic Ocean. The IIP deployed its first Ice Reconnaissance Detachment (IRD) to Newfoundland, Canada, to meet with Canadian partners and to conduct the initial
Poland is planning to get advanced cruise missiles for its submarines, the country’s defense minister has said, implying that the NATO member state is taking precautionary measures against a rising Russian threat, says a report in AP.
NOAA Fisheries and the U.S. Fish and Wildlife Service proposed today to reclassify the green sea turtle under the Endangered Species Act, and list turtles originating from two breeding populations currently considered endangered as threatened due to improvements in their populations.
Towns on France's North Atlantic coast braced for their first giant tide of the millennium on Saturday as the full moon and this week's solar eclipse combined to create an ocean surge not seen since 1997. At the picturesque Mont Saint Michel island where some of the biggest tides in the
In a keel laying ceremony attended by key client representatives, Damen Shipyards Galaţimarked the start of construction of two Platform Supply Vessels – PSV 5000 – for Canadian maritime services provider Atlantic Towing. The 90-metre vessels are part of a multiple vessel order
An accident report into the loss of the Cheeki Rafiki mid-way through a transatlantic crossing last May, found that undetected damage to fittings around the keel after a string of earlier groundings are among the likely causes, says the Telegraph.
The 5 Gyres Institute, a leader in global plastic pollution research, has launched an online contest for those who want to learn first-hand about the problem and help drive solutions. One winner will be chosen to join the final leg of 5 Gyre’s June research expedition to the North
Spanish boat MAPFRE led the Volvo Ocean Race fleet out of Newport, Rhode Island, and into the most challenging of the remaining three legs through the North Atlantic, reports AFP. Newport was the only North American stopover on this year's race, which ends in June in Goteborg, Sweden
The Royal Australian Navy’s helicopter frigate HMAS Anzac has arrived in Portsmouth, England, as part of her NORTHERN TRIDENT 2015 deployment. Anzac departed Sydney in March 2015, and has transited the Southern Ocean, Indian Ocean, the Red Sea, Suez Canal