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
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.
Seadrill announce Hyundai Samho Shipyard are contracted to build a harsh environment semi-submersible drilling rig To benefit from the current strong demand for high specification drilling units Seadrill announced that it has entered into a turnkey construction contract with Hyundai Samho Shipyard for the construction of a new harsh environment semisubmersible drilling rig. The new rig will be a sister rig of the harsh environment semi-submersible unit Seadrill's subsidiary North Atlantic
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
Vane Brothers said it has taken delivery of its newest tugboat, Baltimore, named for the city in which the marine transportation provider is headquartered. The Baltimore is the third of eight vessels in Vane’s Elizabeth Anne Class of 4,200-horsepower tugboats contracted through St
The Volkswagen Group said it will use two vessels powered by liquefied natural gas (LNG) on routes between Europe and North America from 2019, in a move that aims to improve the environmental balance of its marine transport fleet.
Following the U.K. Maritime & Coastguard Agency’s more than two-year-long investigation into the circumstances surrounding the fatal loss of the yacht Cheeki Rafiki in May 2014, the Crown Prosecution Service (CPS) has decided to bring charges against Douglas Innes and Stormforce Coaching
Silver Green AS, owned 50% by Samskip, is changing its name to Silver Sea AS to mark the finalization of a series of ownership changes. The new name reflects a consolidation by Samskip of its position in the reefer vessel segment, including the strengthening its ownership in the company and direct
50 years after the beginning of modern container shipping in Germany, international trade is handled by 6,397 containerships, with a capacity of 21.1 million TEU. Hapag-Lloyd’s container fleet numbers among the largest in the industry.
1917 - The first U.S. convoy left Hampton Roads, Va. to cross the North Atlantic after entering World War I. During the 18 months of war while American vessels escort convoys through the war zone, 183 attacks are made by submarines, 24 submarines are damaged and two are destroyed.
The U.S. aircraft carrier USS Dwight D. Eisenhower entered the Mediterranean late on Monday, the U.S. Navy said, at a time when U.S. officials are raising alarm over Russia's maritime expansion. The Eisenhower, also known as the "Ike," will relieve the USS Harry S
1815 - Commodore Stephen Decatur's squadron engages the Algerian flagship Mashouda near Cape de Gatt, Spain. Though the Algerian frigate maneuvers actively to escape, she surrenders after 20 men, including her commander, are killed.
Vane Brothers is hailing the newest addition to its fleet: the Fort McHenry, a state-of-the-art, 3,000-horsepower tugboat named in honor of the historic landmark that can be seen from the company’s Baltimore, Maryland, headquarters.
1812 - The frigate, USS President, captures British schooner, HMS L'Adeline, in the North Atlantic. 1841 - Secretary of the Navy George E. Badger signs that the Chief Clerk's signature is valid on the certified copy of the medal citation awarded to Capt
Fednav Limited, an international bulk shipowner in Canada, has welcomed to the Port of Indiana – Burns Harbor, the Federal Caribou, one of seven new oceangoing lakers equipped with a ballast water treatment system—a first for the Great Lakes
Fednav Limited, the largest international bulk shipowner in Canada, welcomed to the Port of Indiana-Burns Harbor, the Federal Caribou, one of seven new oceangoing lakers equipped with a ballast water treatment system-a first for the Great Lakes.
Samskip has completed the acquisition of Euro Container Lines AS, building on a strategy for growth in the Nordic area to make its largest ever acquisitive move in Norway. The ECL acquisition aims to strengthen Samskip’s position in the Norwegian market by enhancing the speed and
APL today announced the launch of the Atlantic Gulf Express (AGX) Service – a direct Trans-Atlantic service which connects the key markets of North Europe, US South Atlantic and Gulf of Mexico. “Directly connecting the Port of Le Havre and Miami
The largest container vessels are designed for the greatest possible efficiency – maximum intake, minimum fuel consumption. Their smaller cousins, however, have not received the same level of attention – but this is beginning to change, says Jai Oh Sun, Engineer / Pre-Contract