Search results for: Cat-D

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  • 25 November 2013

    Songa Offshore SE has today proposed a comprehensive refinancing by way of raising up to USD 425 million in new capital.   The amount would be raised by way of a combination of   a fully guaranteed equity issue through a private placement with gross proceeds in the amount of approximately USD 250 million (NOK […]

  • 20 February 2015
    Exploration & Production, Project & Tenders

    Songa Offshore has agreed upon final delivery dates for Cat D rigs with South Korea’s shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). To remind, Statoil awarded the contract for construction of two Cat D rigs to Songa in 2011 and they were scheduled for delivery in 2014. The second order for two more Cat D rigs was […]

  • 31 March 2016
    Exploration & Production

    Songa Offshore on Thursday took delivery of its fourth and final Cat D rig, Songa Enabler, from Daewoo Shipbuilding & Marine Engineering (DSME) in Korea. Songa Enabler is the last rig in a series of four Category D rigs specifically built for and contracted to Statoil. According to its owner, Songa Enabler will shortly depart […]

  • 23 November 2015
    Exploration & Production

    Songa Offshore is considering a counterclaim against South Korea’s shipbuilder Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) due to DSME’s alleged failure to fulfill its obligations during the engineering and construction of Songa’s four Cat D rigs. Songa says it is conducting a full legal review of the project and its position; finding evidence of default by […]

  • 5 July 2017
    Business & Finance, Equipment, Exploration & Production

    Aquamarine Subsea has been awarded a frame agreement with offshore drilling contractor Songa Offshore for classing of high-pressure manifolds on Songa’s four Cat D rigs. Aquamarine said that the duration of the contract was five years with an option to extend the deal for an additional five years. The scope of the deal will see […]

  • 30 May 2016
    Exploration & Production

    The rig dispute between the offshore drilling contractor Songa Offshore and the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) is yet to be resolved. The dispute between the pair remains unresolved even after the delivery of all four Cat D rigs, that Songa ordered from DSME in 2011 and 2012, with the fourth […]

  • 17 November 2015
    Exploration & Production

    Songa Offshore, an offshore drilling contractor, and South Korea’s shipbuilder Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) are in a dispute regarding a construction contract for the Songa Equinox drilling rig built by DSME.  Songa Offshore took delivery of Songa Equinox, the first rig in a series of four Category D rigs specifically built for and […]

  • 26 February 2016
    Exploration & Production, Project & Tenders

    Songa Offshore, an international midwater drilling contractor, has returned to profit and doubled its revenues in the fourth quarter of 2015 when compared to the same period the year before.  The drilling contractor came back from a loss of $51 million in the 4Q 2014 to a $34 million profit in the fourth quarter of […]

  • 24 March 2015
    Exploration & Production, Project & Tenders

    Songa Offshore, an offshore drilling contractor, has said its Songa Equinox newbuild semi-submersible rig delivery will be delayed. Songa Equinox, to be hired by Statoil, went on sea trial as planned on March 19, the company has said, however, prior to sea trial departure, the inclination test indicated a heavier than expected Light Unit Weight. This […]

  • 7 August 2019
    Business & Finance, Equipment, Exploration & Production

    PSW Group has been awarded a contract with Transocean for storage and maintenance of blowout preventers (BOP) for Cat-D rigs.

  • 31 October 2014
    Business & Finance, Exploration & Production, Project & Tenders

    Songa Offshore SE has announced that the documentation for the USD 1.1 billion senior secured credit facility for the financing of the last two Cat D drilling rigs, Songa Encourage and Songa Enabler, has been completed and the loan agreements have been signed by all parties. The financing consists of a revolving pre-delivery financing of […]

  • 17 February 2014
    Business & Finance

    Songa Offshore SE reports operating revenue for the fourth quarter of USD 154.3 million and an EBITDA of USD 59.8 million. Net loss for the quarter was USD 137.3 million including the recognition of an impairment charge for Songa Mercur and Songa Venus of USD 72.3 million in the quarter, and non-recurring cost of USD […]

  • 29 September 2015
    Exploration & Production

    Norway’s Sebastian AS will train the crew of new semi-submersible drilling rigs to be operated by Statoil in Norway. The rigs, built in South Korea, are owned by Songa Offshore drilling contractor. The first of four rigs, the Songa Equinox, will arrive in Norway in mid-October. According to the rig’s radar data on Tuesday, it […]

  • 9 February 2016
    Exploration & Production

    Songa Offshore, an offshore drilling contractor, has informed that another one of its Cat D drilling rigs has experienced blowout preventer (BOP) related operational issues.  According to Songa Offshore’s January fleet update, the company’s Cat D drilling rig Songa Equinox performed weather related repairs until January 12, 2015, when it returned to operations. However, this was not […]

  • 31 March 2014
    Business & Finance, Project & Tenders

    Songa Offshore has secured a $1 billion loan to finance construction of two semi-submersible drilling rigs.   The offshore drilling contractor has announced that the documentation for the previously announced $ 1,014 million loan facilities for the financing of the first two Cat D drilling rigs, Songa Equinox and Songa Endurance, have been finalized and […]

  • 14 March 2017
    Business & Finance, Equipment, Exploration & Production

    Finland’s Wärtsilä has signed a five-year technical management and services agreement with Songa Offshore for four Cat D type semi-submersible drilling rigs operating in the North Sea. Wärtsilä said on Tuesday that the company would ensure optimal performance and maximum availability of the Wärtsilä engines and thrusters on board Songa’s drilling rigs, which operate in […]

  • 8 December 2015
    Exploration & Production

    Songa Offshore, an offshore drilling contractor, has informed that its second Cat D drilling rig, Songa Endurance, arrived in Norway on December 3, 2015.  The rig was expected to arrive in Norway in late November. According to the drilling contractor’s latest fleet status report, Songa Endurance has arrived and it is currently preparing for the Acknowledgement of […]

  • 5 September 2012
    Business & Finance

    KBR announced that its subsidiary GVA has signed a license agreement with Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) in Korea for the fabrication of its GVA 4000NCS, CatD Drilling Unit. The concept for the unit is tailor-made by the industry for Statoil primarily for drilling production and well completion in mature fields. Songa […]

  • 15 May 2012
    Business & Finance

    South Korea’s shipbuilder Daewoo Shipbuilding & Marine Engineering Co (DSME) has secured a new order for two Cat-D semi-submersible rigs from Norway based Songa Offshore. The contract signing ceremony was held during the Offshore Technology Conference (OTC) held in Houston, U.S.A on 3rd May. The value of the contract is approximately $1.1 billion USD and […]

  • 27 June 2014
    Business & Finance

    Songa Offshore SE has secured loans to finance construction of two semi-sumbersible drilling rigs. The company has received a firm commitment from banks and an Export Credit Agency for the financing of the Cat D 3 and 4 newbuilds with a pre-delivery financing of USD 90 million per rig and a post-delivery financing of USD 550 million per […]

  • 4 January 2017
    Exploration & Production

    A water leakage on board Songa Offshore’s Cat D rig Songa Encourage has prompted an investigation to identify the cause of the incident.  The drilling contractor said on Monday, January 2, 2017, that a water ingress was observed in a pump room on board the Cat D semi-submersible drilling rig Songa Encourage. The drilling unit is presently working […]

  • 15 March 2016
    Exploration & Production

    Offshore drilling contractor Songa Offshore has launched a new refinancing package that will enable the company to take delivery of its fourth and final Cat D rig, the Songa Enabler, while the driller’s client Statoil has reduced the contract duration for two Cat D rigs already in operation.  Songa Offshore’s refinancing package includes the issuance […]