Iceland’s Offshore Oil Dreams Fade as Operators Back Out

By Ragnhildur Sigurdardottir and Mikael Holter (Bloomberg) -- Iceland’s hope of finding oil offshore its coast is fading after China and Norway decided to back out of the island nation’s only remaining exploration license. Cnooc Ltd., China’s state-controlled producer, and Petoro AS, Norway’s state-owned oil company, decided to relinquish their interest in the license, … [Read more...]

Fishing Trawler Crewmen Held in Iceland Murder Mystery

Two crewman from the Greenlandic fishing trawler Polar Nanoq have been arrested in Iceland and are being held as suspects in the murder of 20-year-old Icelandic woman in a rare case that has gripped the country. The woman, Birna Brjánsdóttir, went missing early last Saturday morning, January 13, after a night out in Reykjavik, the capital and largest city in Iceland. She … [Read more...]

Cargo Ship Refloated in Iceland – PHOTOS

Update (Sunday): The grounded cargo ship Samskip Akrafell was refloated at about midnight on Sunday after spending most of Saturday hard aground along the east coast of Iceland. The vessel was floated free and towed to nearby Reyðarfirði by the fishing trawler Aðalsteinn Jónsson and accompanied by the Coast Guard vessel Aegir. The Icelandic Coast Guard reported that no … [Read more...]

New Photos Reveal Damage to Fire Scorched MV Fernanda Off Iceland

New pictures released Monday by the Icelandic Coast Guard provide some more insight into damage caused by an engine room fire onboard the MV Fernanda off the coast of Iceland. The Icelandic Coast Guard on Monday said that coast guard and firefighting crews were able to board the vessel today and have confirmed that the fire has been put out. The fire broke out in the … [Read more...]

Fire Extinguished Onboard MV Fernanda Near Iceland [UPDATE]

Sunday Update (11/3/2013): An update Sunday from the Icelandic Coast Guard said that the fire onboard the MV Fernanda has been extinguished. Weather conditions have prevented fire and coast guard inspectors from boarding the vessel, however, crews will attempt to tow the ship to a more sheltered area that would allow for further assessment. Saturday Update … [Read more...]