Search results for: Songa

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  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 31 January 2018
    Business & Finance, Exploration & Production

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

  • 22 August 2017
    Operations & Maintenance, Project & Tenders

    Otech Marine Services has entered into a 5+5 years contract with Songa Offshore. According to the company, the contract covers the inspection, maintenance and repair of hull and related components including valves, thrusters and anodes of the Songa’s CAT-D units in the Barents Sea and the North Sea. “Potential value of the contract is considered […]

  • 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 December 2016
    Exploration & Production

    Drilling contractor Songa Offshore has informed that its Cat D rig Songa Enabler will go on a suspension period in late December.  The driller announced in late October that Statoil would suspend the Songa Enabler contract once the rig completed operations on a well on the Snøhvit field in the Barents Sea. At the time, the […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 16 December 2015
    Exploration & Production, Project & Tenders

    Songa Offshore, an offshore drilling contractor, has taken delivery of Songa Encourage from Daewoo Shipbuilding & Marine Engineering (DSME) in Korea. This is Songa’s third Category D rig delivered from DSME, the first two being Songa Equinox, delivered in June, and Songa Endurance, delivered in August. All four rigs have been specifically built for and contracted […]

  • 21 March 2016
    Exploration & Production

    Drilling contractor Songa Offshore is pressing on with its defence in an arbitration case with South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME).  According to Songa Offshore’s statement on Monday, the drilling contractor submitted its defence in the arbitrations initiated by DSME in 2015, regarding the first two Cat D rigs DSME built for […]

  • 26 November 2012

    Songa Offshore SE reports operating revenue for the third quarter 2012 of USD 145.4 million with a total loss of USD 108.4 million, following an impairment loss of USD 116.8 million due to the sale of the ultra deep water rig Songa Eclipse. EBITDA for the quarter was USD 56.8 million. “Our ambition is to […]

  • 7 January 2015
    Business & Finance, Project & Tenders

    Songa Offshore has informed that the previously suspended semi-submersible rig Songa Trym is expected to continue drilling operations for Statoil within the next week.  Songa Trym was suspended on November 20, 2014 as it was ahead of the drilling schedule, and the rig has been on a 75% suspension rate ($279.000 per day) throughout December. Songa Offshore […]

  • 8 August 2011
    Business & Finance

    Songa Offshore SE reports total comprehensive income for the second quarter of 2011 of USD 21.0 million. Operating revenue for the second quarter was USD 125.8 million. This includes mobilization and demobilization revenue of USD 1.9 million. Total expenses for the second quarter were USD 78.2 million. EBITDA for the second quarter was USD 50.2 […]

  • 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 […]

  • 6 November 2015
    Exploration & Production

    Songa Offshore, an offshore drilling contractor, has recorded a net loss of $317 million for the third quarter 2015 versus $1 million profit in the same period last year. According to the company, the drilling market is facing challenging times over the next two years.  According to its 3Q 2015 report on Friday, following further developments […]

  • 9 March 2018
    Business & Finance

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

  • 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 […]

  • 5 April 2011
    Business & Finance

      Songa Offshore, Cyprus-based offshore drilling company, provides fleet update for March 2011. Songa Venus achieved operating efficiency of 99% during the month. The rig continues to operate for Total E&P in Australia. Songa Mercur arrived Singapore during the month, BOP and relevant rig equipment and systems are currently undergoing inspections and reinstatement Songa Dee […]