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...]

Rosneft Announces “Victory” in the Kara Sea, Huge Discovery Made

By Rob Almeida and Shubin Aleksey Rosneft estimates 338 billion cubic meters of gas and 100 million tons of oil have just been found in a new field in the Kara Sea, drilled by the West Alpha semi-submersible drilling rig.  Universitetskaya-1 is also the northernmost well in the world located in the icy waters 250 kilometers north of Russia. One of 30 hydrocarbon-bearing … [Read more...]