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.
Norway’s offshore safety body uncovered four non-conformities during checks on the Troll field and the Songa Endurance rig.
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.
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.
A Norwegian offshore vessel contractor said today that an increase in tendering meant North Sea markets were "tightening".
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 $3.4billion acquisition of rival offshore drilling contractor Songa Offshore is a great deal for the takeover target’s shareholders, an analyst has said.
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 recorded a strong fleet month in May thanks to its work with Statoil.
Statoil has received consent from Norway's Petroleum Safety Authority to drill an exploration well in the Barents Sea.
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 Offshore said one of its drilling rigs has commenced work in the Barents Sea.
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 has been given an acknowledgement of compliance from the Norwegian Petroleum Safety Authority (PSA).
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 said it plans to make up to 200 redundancies as it looks to streamline its costs.
Songa Offshore said it has taken delivery of a new rig which is now making its journey from South Korea to Norway.
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.
Contracts with Norwegian giant Statoil buoyed Songa Offshore’s earnings last month.
Songa Offshore said it has taken delivery of the Songa Enabler from Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea.
Songa Offshore said it intends to issue a convertible bond of up to $125million.
Songa Offshore has said it will "vigorously" defend claims made against it by Daewoo Shipbuilding and Marine Engineering (DSME).
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.
Drilling contractor Songa Offshore is to close its Aberdeen office with the loss of 24 jobs as part of a global restructuring.
Songa Offshore has taken delivery of Songa Encourage - its third Category D rig - from Daewoo Shipbuilding and Marine Engineering (DSME) in Korea.