Thursday, June 4, 2020

North Atlantic Drilling News

Hundreds of Oil Workers Strike in Norway

Photo: Harald Pettersen / © Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union…

Hundreds of Norway Oil Workers Go On Strike

Photo courtesy of Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union…

Greenpeace Boards Statoil Rig

File Image (CREDIT: AdobeStock / (c) ggw)

Greenpeace activists have boarded a rig that was due to sail to the Arctic to drill prospects on behalf of oil firm Statoil, the environmental group said on Thursday. "We have two people on board and 10 on the water to ensure the rig does not leave port.

West Phoenix to Drill in UK and Norway

The West Phoenix drilling rig. Photo Statoil

Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the U.K. and Norwegian continental shelves from the summer of 2018. The contract is awarded to the two Seadrill companies North Atlantic Drilling UK Ltd. and North Atlantic Norway Ltd.

North Atlantic Drilling: No Recovery for Current Shareholders

Rig firm North Atlantic Drilling said in a statement:   North Atlantic Drilling Ltd., a majority owned subsidiary of Seadrill Limited, announced holders of it common stock will receive no recovery in Chapter 11 process Seadrill earlier announced it had filed for Chapter 11

Statoil Cancels Contract for East Epsilon Rig

West Epsilon (Photo: Statoil)

Statoil has canceled the final phase of the contract with North Atlantic Drilling for the East Epsilon jack-up rig. The rig has been on contract to Statoil since December 29, 2010, performing operations for the Sleipner, Gudrun and Huldra licences.

Rosneft Cancels Rig Contract

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…

Seadrill Unit: Upcoming Rosneft Contract Difficult to Conclude

Offshore rig firm Seadrill subsidiary North Atlantic Drilling said it will be difficult to conclude an upcoming contract with Russia's Rosneft due to weak market conditions and a challenging political environment. "As of today…

Seadrill’s Norwegian Bond Amendment Approved

Photo: Seadrill

Seadrill Limited announced that North Atlantic Drilling has received approval from its Norwegian bondholders to amend the bond agreement entered into with the Nordic Trustee ASA in October 2013. Following this approval, Seadrill…

Seadrill Unit Delays Rosneft Deal until next May

North Atlantic Drilling, a subsidiary of offshore rig firm Seadrill, said on Friday it had delayed a cooperation deal with Russia's Rosneft till the end of May but said it remained committed to the agreement. Under the deal, announced in late August, North Atlantic Drilling Ltd.

Rosneft and NADL Sign Exchange of Assets Deal

Rosneft president Igor Sechin

Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects. The document foresees the acquisition by Rosneft…

Rosneft's Norway Work with Statoil Underway

Rosneft continue working with the West despite sanctions; Drilling results to be analyzed by year-end. Kremlin-controlled Rosneft said it is working with Norway's Statoil to search for oil and gas off Norway, partnering a Western company despite sanctions.

Kara Sea Platform 'West Alpha' Starts Drilling

West Alpha: Photo courtesy of PSA Norway

The 'West Alpha' platform, owned by North Atlantic Drilling, has begun drilling the Universitetskaya-1 well in the Kara Sea as part of a joint Rosneft and ExxonMobil project, reports Russian official news agency 'Arctic-info'.

Rosneft and ExxonMobil Start Drilling in the Kara Sea

Courtesy Rosneft

Rosneft and ExxonMobil joint venture company Karmorneftegaz began drilling of Universitetskaya-1, the Russian Federation's northernmost well using the West Alpha rig. The start of the drilling was launched by Russian President…

Rosneft Expands Deal with North Atlantic Drilling

Russia's top oil producer Rosneft and North Atlantic Drilling have entered into a drilling agreement worth up to $4.25 billion, in line with a previous agreement and despite Western sanctions over Moscow's role in Ukraine. Rosneft…

Seadrill Gloomy as Oil Firms Cut Spending

Seadrill, the world's biggest offshore rig firm by market capitalisation, has turned gloomy about prospects for the global drilling market and expects falling charter rates as oil firms cut capital spending to protect margins.

Rosneft Plan 'Significant' Stake in North Atlantic Drilling

Offshore drilling units: File Photo

Rosneft informs that at the 18th St. Petersburg International Economic Forum, it signed an Investment and Cooperation Agreement with North Atlantic Drilling Ltd. (NADL) and Seadrill Limited to form a long-term partnership…

North Atlantic Drilling Set for Initial NYSE Public Offering

North Atlantic Drilling Limited (NADL), a leading offshore harsh environment drilling company in which Seadrill Limited currently holds a 74 percent ownership interest, to file for independent listing on the New York Stock Exchange (NYSE).