Songa Offshore win DSME dispute
Songa Offshore has announced that late last week the English High Court threw out Daewoo Shipbuilding and Marine Engineering’s (DSME) application for permission to appeal the arbitration awards.
Songa Offshore
Safety shortcomings flagged on Songa rig
Norway’s offshore safety body uncovered four non-conformities during checks on the Troll field and the Songa Endurance rig.
Daewoo Shipbuilding appeals UK court’s ruling over Songa dispute
Cyprus-based drilling contractor Songa Offshore said today that a tribunal's decision to award it damages over a rig construction project had been appealed.
Offshore vessel trading picks up, but low transaction values dampen optimism, analysts say
The number of offshore vessels being traded second hand globally is on course to increase again this year, but low prices are dampening optimism, analysts have said.
Songa Offshore warns North Sea vessel market ‘tightening’
A Norwegian offshore vessel contractor said today that an increase in tendering meant North Sea markets were "tightening".
Opinion: Transocean must lead way in thinning out global fleet post-Songa takeover
Transocean, known as RIG on Wall Street, has pulled off a deal that has been on the cards for some months and, at a stroke, has boosted its already market-leading backlog by 40% to around $14billion.
Transocean’s valuation of Songa ‘staggeringly high’, analyst says
Transocean’s $3.4billion acquisition of rival offshore drilling contractor Songa Offshore is a great deal for the takeover target’s shareholders, an analyst has said.
Ruling on rig cost overruns goes in Songa’s favour
Cyprus-based drilling contractor Songa Offshore has said that a tribunal over damages related to a rig construction project has gone in its favour.
Songa Offshore posts strong month thanks to Statoil
Songa Offshore recorded a strong fleet month in May thanks to its work with Statoil.
Statoil cleared to use Songa rig on Kayak prospect
Statoil has received consent from Norway's Petroleum Safety Authority to drill an exploration well in the Barents Sea.
Songa cuts 430 staff temporarily over Norway strike
Songa Offshore said it has been impacted by ongoing strike action in the Norwegian North Sea with a number of its rigs taken out of operations.
Songa Enabler starts work in Barents Sea for Statoil
Songa Offshore said one of its drilling rigs has commenced work in the Barents Sea.
Songa Offshore warns more than 300 jobs could go without fresh rig contracts
Songa Offshore said more than 300 jobs could be at risk if two of its rigs fail to get new contracts this Autumn.
Songa Offshore gets approval notice from PSA for Enabler rig
Songa Offshore has been given an acknowledgement of compliance from the Norwegian Petroleum Safety Authority (PSA).
Songa Offshore says no plans to scrap some of Norway’s oldest rigs
Songa Offshore said It has no plans to scrap some of its rigs, three of which are among the oldest on the continental shelf.
Songa Offshore to cut up to 200 jobs by 2017
Songa Offshore said it plans to make up to 200 redundancies as it looks to streamline its costs.
Songa takes delivery of new rig
Songa Offshore said it has taken delivery of a new rig which is now making its journey from South Korea to Norway.
Statoil awarded drilling consent in North Sea
Statoil has received consent from Norwegian authorities to drill the two exploration wells 30/11-12 S and 30/11-12 A in the North Sea.
Statoil boosts Songa’s earning potential
Contracts with Norwegian giant Statoil buoyed Songa Offshore’s earnings last month.
Songa rig to begin journey from South Korea for Statoil job
Songa Offshore said it has taken delivery of the Songa Enabler from Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea.
Songa Offshore plans new convertible bond of up to $125m
Songa Offshore said it intends to issue a convertible bond of up to $125million.
Songa Offshore submits defence against claims by DSME
Songa Offshore has said it will "vigorously" defend claims made against it by Daewoo Shipbuilding and Marine Engineering (DSME).
Songa looks to refinance after Statoil calls time on contracts
Songa Offshore said it plans to issue a convertible bond of $100million with an option to increase it by a further five million as it looks to complete comprehensive refinancing.
Updated: Songa boss confirms 24 jobs to go in Aberdeen
Drilling contractor Songa Offshore is to close its Aberdeen office with the loss of 24 jobs as part of a global restructuring.
Songa Offshore takes delivery of third Cat D rig
Songa Offshore has taken delivery of Songa Encourage - its third Category D rig - from Daewoo Shipbuilding and Marine Engineering (DSME) in Korea.