Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
Hamilton, Bermuda – North Atlantic Drilling has been awarded an 18 month contract extension for the drillship West Navigator by A/S Norske Shell.
This contract extension will secure employment for West Navigator until end of June 2014. The estimated revenue value for the contract extension is US$320 million.
Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS says, ‘Shell’s decision to extend the contract for West Navigator reflects the performance of the drillship and a tightening market for quality drilling units in the North Atlantic area. We are very pleased to further enhance our relationship with Shell as a key client and increase the earnings visibility for our Company.’
Seadrill has a 77% ownership interest in North Atlantic Drilling Ltd.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,952 members that receive our newsletter.
Have a news tip? Let us know.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign UpMaritime and offshore news trusted by our 105,952 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up