Search results for: Songa Offshore

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  • 31 January 2018
    Business & Finance, Exploration & Production

    Offshore driller Transocean has completed its acquisition of its rival Norwegian-Cypriot offshore driller Songa Offshore.

  • 9 March 2018
    Business & Finance

    Offshore driller Transocean has received regulatory approval for the compulsory acquisition of remaining shares in Songa Offshore.

  • 28 April 2014
    Business & Finance

    Songa Offshore SE has entered into an agreement with Opus Offshore Group for the sale of the Songa Mercur and Songa Venus rigs and establishment of a strategic joint venture drilling management company, (the Songa-Opus JV). Opus Offshore will acquire 100% of the rigs, which will be operated by the Songa-Opus JV. Combining the resources […]

  • 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 […]

  • 24 July 2017

    An arbitration tribunal has ruled in favor of Songa Offshore and against the Korean rig builder Daewoo in a rig spat stemming from 2015. Daewoo Shipbuilding and Marine Engineering, DSME, which built four Cat D semi-submersible drilling rigs for Songa Offshore, in 2015 launched arbitration proceedings in respect of the construction contracts for the two […]

  • 15 July 2015
    Exploration & Production

    South Korea’s shipbuilding, or in this case, offshore rig building giant, Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) is seeking arbitration against Songa Offshore, an offshore drilling contractor. According to Songa Offshore, which broke the news, DSME, which is building three drilling rigs for Songa Offshore, has delivered notices of arbitration regarding the construction contracts for Songa Offshore’s […]

  • 2 February 2016
    Exploration & Production

    Drilling contractor Songa Offshore is set to lay off 200 workers, and shut offices in UK and South Korea. The company on Tuesday said the move was needed as the company “is now transforming from being largely a projects organization to an optimized operating organization.” As part of the process, Songa Offshore said the overall […]

  • 5 August 2014
    Business & Finance, Equipment, Operations & Maintenance

    Songa Offshore SE, an international offshore drilling contractor, has delivered its operational update. Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 99% during the month working for Statoil in Norway. Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 100% working for Statoil in Norway. Songa Trym achieved […]

  • 4 November 2015
    Exploration & Production, Project & Tenders

    Songa Offshore, an offshore drilling contractor, informed on Wednesday that the Songa Equinox rig had arrived in Norwegian waters on October 22, 2015. Songa Equinox is the first rig in a series of four Category D rigs specifically built for and contracted to Statoil. The rig will start its eight-year drilling contract with Statoil by working on […]

  • 11 November 2016
    Business & Finance, Exploration & Production

    Offshore driller Songa Offshore has reported a rise in its third-quarter revenue and profit. Revenue rose to $228.9 million, compared to $124.2 million for the third quarter 2015. The main reason for the increase of $104.7 million is the increase in the company’s operating rig fleet and the increased revenue contribution from Songa Equinox, Songa Endurance, […]

  • 11 January 2016
    Exploration & Production

    Songa Offshore, an offshore drilling contractor, has informed that one of its Cat D rigs operating for Statoil offshore Norway has experienced a blowout preventer (BOP) failure.  According to the owner of the rig, while performing a final test on location, Songa Endurance experienced BOP equipment failure, which is currently being repaired. Songa Offshore said […]

  • 20 July 2016
    Exploration & Production

    Norway’s offshore safety watchdog, the Petroleum Safety Authority, has given an Acknowledgment of Compliance (AoC) to Songa’s fourth Cat D semi-submersible rig, the Songa Enabler. Songa Enabler is Songa Offshore’s fourth and final Cat D rig, built for and contracted to Statoil. Songa took delivery of the Songa Enabler from Daewoo Shipbuilding & Marine Engineering […]

  • 21 September 2017
    Exploration & Production

    South Korea’s Daewoo Shipbuilding and Marine Engineering, DSME, is set to appeal against an arbitration tribunal ruling from July in a rig dispute with offshore driller Songa Offshore. DSME, which built four Cat D semi-submersible drilling rigs for Songa Offshore, in 2015 launched arbitration proceedings in respect of the construction contracts for the two first […]

  • 23 July 2014
    Business & Finance, Equipment

    Songa Offshore SE, a Cyprus-headquartered offshore drilling contractor, has today completed the previously announced sale of the Songa Mercur and Songa Venus rigs to the Opus Offshore Group. In line with the press release dated 25 April, 2014, Songa Offshore SE  entered into an agreement with Opus Offshore Group for the sale of the Songa Mercur and Songa […]

  • 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 […]

  • 4 May 2011
    Business & Finance

    Songa Offshore, Cyprus-based offshore drilling company, provides fleet update for April 2011. Songa Venus achieved operating efficiency of 100% during the month. The rig continues to operate for Total E&P in Australia. Songa Mercur was awarded a 180 day contract with Gazflot LLC for work at Sakhalin Russia during the month. The rig was berthed […]

  • 3 November 2014
    Business & Finance, Equipment, Exploration & Production, Project & Tenders

    South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has held a naming ceremony for four semi-submersible rigs, Hull No. 3031, 3032, 3034, 3035, ordered by the Norwegian-based Songa Offshore. Around 290 guests attended the naming ceremony held in H quay, at the Okpo shipyard, on October 24, including Frederik W. Mohn, Chairman of the Board […]

  • 24 February 2012
    Business & Finance

      Songa Offshore SE announces that its 100% owned subsidiary, Songa Rig AS, has received and accepted a Letter of Award (LOA) from Statoil for two newbuild “cat D” semisubmersible rigs. This award follows the agreement of July 2011 between Songa Rig AS and Statoil for the first two cat D rigs. The contract period […]

  • 26 August 2016
    Exploration & Production

    Songa Offshore, an Oslo-listed offshore drilling contractor, is standing its ground regarding the dispute with South Korea’s shipbuilder Daewoo Shipbuilding and Marine Engineering Co (DSME) over two drilling rigs, the Songa Equinox and Songa Endurance. To remind DSME, which built four Cat D rigs for Songa Offshore, in 2015 launched arbitration proceedings in respect of the construction contracts for […]

  • 25 April 2014
    Business & Finance

    Songa Offshore, a Cyprus-headquartered offshore drilling contractor today announced it has sold two of its drilling units and entered a joint venture agreement to form another drilling company. “I am very pleased to announce that we have sold our two South East Asia drilling Units, Songa Mercur and Songa Venus, and established a JV with Opus Offshore Group […]

  • 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 […]

  • 26 November 2013

    Songa Offshore SE announces that Arne Blystad yesterday resigned from his position as Director with immediate effect.   Blystad is an independent investor, who owns and operates shipping and investment activities through a group of companies. Blystad is a Norwegian citizen and resides in Oslo, Norway. He served as the Chairman of Songa Offshore SE from April […]