U.S. Judge Strikes Down Trump Order Opening Arctic, Atlantic Areas to Oil and Gas Leasing

ANCHORAGE, Alaska, March 30 (Reuters) - A federal judge in Alaska has overturned U.S. President Donald Trump’s attempt to open vast areas of the Arctic and Atlantic oceans to oil and gas leasing. The decision issued late Friday by U.S. District Court Judge Sharon Gleason leaves intact President Barack Obama’s policies putting the Arctic’s Chukchi Sea, part of the Arctic’s … [Read more...]

North Atlantic Drilling’s Deal with Rosneft Postponed Again

OSLO, April 17 (Reuters) - North Atlantic Drilling, a subsidiary of offshore rig company Seadrill, has delayed closing a cooperation deal with Russia's Rosneft by two years and agreed to renegotiate the terms of the agreement, it said on Friday. Western sanctions against Russia, and Rosneft in particular, have raised concerns about the proposed $4.1 billion deal and have … [Read more...]

Rosneft Keeps Options Open for Rig Contract in the Kara Sea

By Denis Pinchuk MOSCOW, April 9 (Reuters) - Russian energy producer Rosneft is in constant contact with global firms in its search for a company to provide a rig to restart exploration work in the Arctic next year, it said in a statement. Rosneft cancelled a two-and-a-half year rig contract with Northern Offshore and Seadrill's North Atlantic Drilling Ltd earlier this … [Read more...]

Rosneft Cancels Rig Contract With North Atlantic Drilling

OSLO, March 25 (Reuters) - 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 … [Read more...]

Seadrill Unit Says Rosneft Rig Contract Difficult to Conclude as Scheduled

OSLO, March 16 (Reuters) - North Atlantic Drilling warned on Monday it would be difficult to conclude as scheduled a contract with Russia's Rosneft due to weak market conditions and the challenging political environment. Western sanctions against Russia, and Rosneft in particular, have increased concerns about the conclusion of a $4.1 billion deal between the two … [Read more...]