Songa Offshore ASA Company News

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Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B
Transocean has agreed to buy Norwegian competitor Songa Offshore for $1.1 billion.
8:00 PM EST | August 14, 2017
Songa Offshore to Cut 430 Jobs Due to Ongoing Norway Oil, Gas Strikes
Songa Offshore will temporarily lay off 430 people as a result of the ongoing conflict between the Norwegian Oil and Gas Association and union members at Industri Energi.
8:00 PM EST | September 29, 2016
Songa Encourage Rig Commences 8-Year Statoil Drilling Contract
Songa Encourage (mid-water semisub) commences drilling operations for Statoil as part of an eight year contract with the energy firm on the Norwegian Continental Shelf.
8:00 PM EST | April 11, 2016
Songa Enabler Set to Commence 8-Year Statoil Drilling Contract
The Songa Enabler semisub will "shortly" be sent to Norway to start an eight year drilling contract with Statoil, commencing on the Snohvit field.
8:00 PM EST | March 30, 2016
Daewoo Shipbuilding Says Worst Is Over, Sees Profit This Quarter
Daewoo Shipbuilding & Marine Engineering Co. says the worst is over for the company and it expects to post an operating profit this quarter after a record loss for 2015.
7:00 PM EST | March 09, 2016
Songa Cuts Onshore Staff Size by 200, Closes Aberdeen and S. Korean Offices
Songa Offshore trims its staff size by 200 in a bid to optimize the company's operations in the current industry downturn.
7:00 PM EST | February 01, 2016
Songa Offshore Dismisses Claims Submitted by DSME for Songa Equinox Semisub
Songa Offshore dismisses claims submitted by Daewoo Shipbuilding & Marine Engineering for the Songa Equinox semisub.
7:00 PM EST | November 17, 2015
Songa Produces Robust 3Q 2015 Operating Profit
Songa Offshore produces a strong operating profit and highlights a strong order book thanks to its new 'Cat D' rigs.
7:00 PM EST | November 05, 2015
Three Songa Rigs Achieve 100% Usage during October
Three rigs operated by Songa Offshore achieve operational efficiencies of 100 percent in October.
7:00 PM EST | November 03, 2015
Statoil Cancels Songa Trym Contract Prematurely
Statoil cancels its Songa Trym contract four months before the March 4, 2016 expiration date.
7:00 PM EST | November 01, 2015
Songa Offshore Settles 2009 Dispute with Australian Taxation Office
Songa Offshore settles 2009 dispute with the Australian Taxation Office.
8:00 PM EST | September 07, 2015
DSME Delivers Songa Endurance Semisub
Daewoo Shipbuilding & Marine Engineering delivers Songa Endurance semisub to Songa Offshore, with the newbuild to head for Norway's Troll field soon to commence a contract with Statoil.
8:00 PM EST | August 23, 2015
DSME Files Complaint with LMAA Over Songa Offshore's Newbuild Semisubs
Daewoo Shipbuilding & Marine Engineering seeks arbitration for Songa Offshore to compensate the firm for losses incurred due to delays in construction of four semisubs.
8:00 PM EST | July 30, 2015
DSME Delivers Songa Equinox Semisub, Newbuild to Work for Statoil in 4Q15
Songa Offshore takes delivery of newbuild Songa Equinox from Daewoo Shipbuilding & Marine Engineering in South Korea and the semisub will soon head for Norway to work for Statoil at the Troll field.
8:00 PM EST | June 30, 2015
Songa Offshore Reports Total Revenue Decrease in 1Q 2015
Songa Offshore reports that total revenue for the company decreased from $154.7 million in 1Q 2014 to $108.3 million in 1Q 2015.
8:00 PM EST | May 28, 2015
Delivery of Songa Equinox Semisub Delayed by Remedial Work at DSME's Yard
Delivery of Songa Equinox semisub delayed by four weeks as it undergoes remedial work at Daewoo Shipbuilding & Marine Engineering's yard in South Korea.
8:00 PM EST | March 24, 2015
Songa Offshore Expects 'Challenging Year'
Rig operator Songa Offshore expects 2015 to be a 'challenging year' as it expects more rigs to leave the Norwegian Continental Shelf.
7:00 PM EST | February 19, 2015
Norway's Songa Offshore Expects Further Market Weakness in 2015
Rig operator Songa Offshore says it expects weak demand in the Norwegian floater market to persist in 2015.
7:00 PM EST | November 09, 2014
Songa Completes $1.1B Loan Deal to Finance Rigs
Songa Offshore says it has completed the signing of a $1.1 billion credit facility to finance its last two Category D drilling rigs.
8:00 PM EST | October 30, 2014
Songa Offshore Rig Suffers Engine Failure
Drilling firm Songa Offshore says its Songa Dee rig has suffered an engine failure.
8:00 PM EST | October 19, 2014
Songa Offshore Sees Improved Norway Rig Market From 2H 2015
Songa Offshore says it expected the Norwegian rig market to improve beginning in the second half of 2015 due to lower supply as it posted an unexpected quarterly net loss.
8:00 PM EST | August 24, 2014
Norway's Songa Offshore Expects Delays for Flagship Rig Project
Drilling rig operator Songa Offshore's flagship Cat D rig project would be delayed and would cost more as it reports first-quarter that beat expectations.
8:00 PM EST | May 25, 2014
Songa Offshore Sells Songa Mercur, Songa Venus to Opus Offshore
Songa Offshore sells Songa Mercur and Songa Venus semisubs to Opus Offshore and formed a drilling joint venture with the latter targeting the international market, especially Southeast Asia.
8:00 PM EST | April 24, 2014
Songa Offshore Expects to Secure Financing for Remaining Rigs
Songa Offshore is confident it can raise the debt it needs to pay for the last two rig new-builds it has ordered, according to its CEO.
8:00 PM EST | April 07, 2014
Songa Venus to Drill Additional Well in Malaysia for MDC Oil & Gas
Songa Offshore extends contract with MDC Oil & Gas for Songa Venus semisub to drill an additional well in Malaysia.
7:00 PM EST | February 16, 2014
Rig Firm Songa Offshore Misses Forecast with 4Q Loss
Norwegian rig operator Songa Offshore says its Cat D rig development project remains on track as it reports disappointing 4Q results.
7:00 PM EST | February 16, 2014
Songa Appoints New CFO
Rig operator Songa Offshore appoints Jan Rune Steinsland as its new CFO.
7:00 PM EST | November 03, 2013
Songa Appoints New COO
Songa Offshore appoints Transocean's Mark Bessell as its new chief operating officer.
8:00 PM EST | October 13, 2013
Songa Offshore Faces Possible Asset Sales, Rig Delay
Drilling rig operator Songa Offshore may have to sell more assets to finance four new rigs under construction.
8:00 PM EST | August 25, 2013
Mercur Rig Contracted for Vietnam Well
Songa Mercur is contracted by Idemitsu Oil & Gas for a well located offshore Vietnam.
8:00 PM EST | June 09, 2013
Songa Elects New Board of Directors
Songa sees a change of chairman while its biggest director joins the board.
8:00 PM EST | June 06, 2013
Songa Enters into Rig Contract Extension with Mubadala
Songa Offshore says it has made a contract extension deal with Mubadala Petroleum from a current contract with Petronas for its Songa Venus rig.
7:00 PM EST | February 28, 2013
Songa Trym Maintenance Work Finally Completed
Maintenance work on Songa Trym rig is complete, and the rig is now ready for its contract with Statoil.
7:00 PM EST | February 17, 2013
Songa Says Trym Rig Ready by End January
The Songa Trym rig is expected to be ready by the end of January after modifications are carried out at the CCB yard, Norway.
7:00 PM EST | January 14, 2013
Seadrill, Songa Offshore Enter HOA for Semisub
Seadrill has entered into a Heads of Agreement (HOA) with Songa Offshore for a potential purchase of the ultra deepwater semisubmersible rig Songa Eclipse.
8:00 PM EST | October 21, 2012
Songa Sees Early Signs of Improving Market for Mid-Water Rigs
Songa Offshore's 2Q 2012 profit more than halves, but firm is now looking forward to a healthier market for its mid-water rigs.
8:00 PM EST | August 19, 2012
Songa Sees Increased Use of its Drilling Fleet
Fleet usage figures for July show a marked improvement in activity for Songa.
8:00 PM EST | August 09, 2012
Aker Solutions Wins Drilling Equipment Award for 'Cat D' rigs
Aker Solutions' equipment is for Category D drilling rigs that are purpose made for North Sea operations.
8:00 PM EST | March 27, 2012
Songa Offshore Secures $2.66B Statoil Rig Gig
Songa Offshore SE has received and accepted an LOA from Statoil for 2 newbuild "cat D" semisubmersible rigs for $2.66B.
7:00 PM EST | February 23, 2012
Songa Scores Statoil Contract Extension, Updates September Fleet
As part of a Contractual Optional agreement, Statoil Petroleum AS exercised its right to extend the Songa Dee contract from the original 3 years to a 5 year firm contract plus one optional year.
8:00 PM EST | October 03, 2011
Aker Solutions Scores Drilling Equipment Contract for DSME
Aker Solutions has received a Letter of Award from DSME to supply two drilling equipment packages to the new 'Cat D' drilling rigs the yard is building for the rig operator Songa Offshore.
8:00 PM EST | August 25, 2011
Songa to Buy Remaining Stake in Semisub
Songa has entered into an agreement with the minority shareholders in Songa Eclipse to acquire the remaining 48.1% stake, following which Songa will have obtained 100% ownership.
8:00 PM EST | July 24, 2011
Songa Offshore Semisub Selected for Statoil's Troll Field
Songa Offshore has received an LOA from Statoil for the use of Songa Trym for a 3 years firm plus 2x1 year option Drilling Contract.
8:00 PM EST | July 10, 2011
Songa Snatches New Semisub Gig from Statoil
Songa Offshore has received and accepted an LOA from Statoil for 2 new build "Cat-D" semisubs for an approx. $2.5B.
8:00 PM EST | July 04, 2011
Gazprom Subsidiary Snaps Up Songa Semisub
Songa announced that a firm contract for the use of Songa Mercur has been agreed and signed with Gazflot LLC, a Gazprom subsidiary.
8:00 PM EST | April 17, 2011
Songa Awarded Rig Deal by Statoil
Songa Offshore has received an LOA from Statoil for the use of Songa Delta for a Drilling Contract on the Norwegian Continental Shelf.
8:00 PM EST | March 16, 2011
Songa Mercur Takes Time Off
The Songa Mercur is currently off-hire in China resulting from structural failure of the telescopic joint.
7:00 PM EST | January 19, 2011
Songa Offshore Charters Rig to Statoil on NCS
Songa Offshore has received an LOI from Statoil for the use of Songa Dee for a drilling contract on the Norwegian Continental Shelf.
8:00 PM EST | October 18, 2010
Songa Offshore to Sell Drillship Saturn
Songa Offshore has entered into an agreement to sell the drillship Songa Saturn to a wholly owned subsidiary of PetroSaudi for net sales proceed of $260 million.
8:00 PM EST | September 19, 2010
Shell Snags Songa Venus for Field Offshore Australia
Songa Offshore announced that the first of three optional wells has been declared by Shell Development (Australia) under the contract for Songa Venus.
8:00 PM EST | July 21, 2010