Songa Offshore ASA Company News

Recent Articles

Results 50 articles shown

Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B
Tuesday, August 15, 2017Transocean has agreed to buy Norwegian competitor Songa Offshore for $1.1 billion.

Songa Offshore to Cut 430 Jobs Due to Ongoing Norway Oil, Gas Strikes
Friday, September 30, 2016Songa 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.

Songa Encourage Rig Commences 8-Year Statoil Drilling Contract
Tuesday, April 12, 2016Songa 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.

Songa Enabler Set to Commence 8-Year Statoil Drilling Contract
Thursday, March 31, 2016The Songa Enabler semisub will "shortly" be sent to Norway to start an eight year drilling contract with Statoil, commencing on the Snohvit field.

Daewoo Shipbuilding Says Worst Is Over, Sees Profit This Quarter
Thursday, March 10, 2016Daewoo 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.

Songa Cuts Onshore Staff Size by 200, Closes Aberdeen and S. Korean Offices
Tuesday, February 02, 2016Songa Offshore trims its staff size by 200 in a bid to optimize the company's operations in the current industry downturn.

Songa Offshore Dismisses Claims Submitted by DSME for Songa Equinox Semisub
Wednesday, November 18, 2015Songa Offshore dismisses claims submitted by Daewoo Shipbuilding & Marine Engineering for the Songa Equinox semisub.

Songa Produces Robust 3Q 2015 Operating Profit
Friday, November 06, 2015Songa Offshore produces a strong operating profit and highlights a strong order book thanks to its new 'Cat D' rigs.

Three Songa Rigs Achieve 100% Usage during October
Wednesday, November 04, 2015Three rigs operated by Songa Offshore achieve operational efficiencies of 100 percent in October.

Statoil Cancels Songa Trym Contract Prematurely
Monday, November 02, 2015Statoil cancels its Songa Trym contract four months before the March 4, 2016 expiration date.

Songa Offshore Settles 2009 Dispute with Australian Taxation Office
Tuesday, September 08, 2015Songa Offshore settles 2009 dispute with the Australian Taxation Office.

DSME Delivers Songa Endurance Semisub
Monday, August 24, 2015Daewoo 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.

DSME Files Complaint with LMAA Over Songa Offshore's Newbuild Semisubs
Friday, July 31, 2015Daewoo Shipbuilding & Marine Engineering seeks arbitration for Songa Offshore to compensate the firm for losses incurred due to delays in construction of four semisubs.

DSME Delivers Songa Equinox Semisub, Newbuild to Work for Statoil in 4Q15
Wednesday, July 01, 2015Songa 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.

Songa Offshore Reports Total Revenue Decrease in 1Q 2015
Friday, May 29, 2015Songa Offshore reports that total revenue for the company decreased from $154.7 million in 1Q 2014 to $108.3 million in 1Q 2015.

Delivery of Songa Equinox Semisub Delayed by Remedial Work at DSME's Yard
Wednesday, March 25, 2015Delivery of Songa Equinox semisub delayed by four weeks as it undergoes remedial work at Daewoo Shipbuilding & Marine Engineering's yard in South Korea.

Songa Offshore Expects 'Challenging Year'
Friday, February 20, 2015Rig operator Songa Offshore expects 2015 to be a 'challenging year' as it expects more rigs to leave the Norwegian Continental Shelf.

Norway's Songa Offshore Expects Further Market Weakness in 2015
Monday, November 10, 2014Rig operator Songa Offshore says it expects weak demand in the Norwegian floater market to persist in 2015.

Songa Completes $1.1B Loan Deal to Finance Rigs
Friday, October 31, 2014Songa Offshore says it has completed the signing of a $1.1 billion credit facility to finance its last two Category D drilling rigs.

Songa Offshore Rig Suffers Engine Failure
Monday, October 20, 2014Drilling firm Songa Offshore says its Songa Dee rig has suffered an engine failure.

Songa Offshore Sees Improved Norway Rig Market From 2H 2015
Monday, August 25, 2014Songa 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.

Norway's Songa Offshore Expects Delays for Flagship Rig Project
Monday, May 26, 2014Drilling 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.

Songa Offshore Sells Songa Mercur, Songa Venus to Opus Offshore
Friday, April 25, 2014Songa 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.

Songa Offshore Expects to Secure Financing for Remaining Rigs
Tuesday, April 08, 2014Songa 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.

Songa Venus to Drill Additional Well in Malaysia for MDC Oil & Gas
Monday, February 17, 2014Songa Offshore extends contract with MDC Oil & Gas for Songa Venus semisub to drill an additional well in Malaysia.

Rig Firm Songa Offshore Misses Forecast with 4Q Loss
Monday, February 17, 2014Norwegian rig operator Songa Offshore says its Cat D rig development project remains on track as it reports disappointing 4Q results.

Songa Appoints New CFO
Monday, November 04, 2013Rig operator Songa Offshore appoints Jan Rune Steinsland as its new CFO.

Songa Appoints New COO
Monday, October 14, 2013Songa Offshore appoints Transocean's Mark Bessell as its new chief operating officer.

Songa Offshore Faces Possible Asset Sales, Rig Delay
Monday, August 26, 2013Drilling rig operator Songa Offshore may have to sell more assets to finance four new rigs under construction.

Mercur Rig Contracted for Vietnam Well
Monday, June 10, 2013Songa Mercur is contracted by Idemitsu Oil & Gas for a well located offshore Vietnam.

Songa Elects New Board of Directors
Friday, June 07, 2013Songa sees a change of chairman while its biggest director joins the board.

Songa Enters into Rig Contract Extension with Mubadala
Friday, March 01, 2013Songa Offshore says it has made a contract extension deal with Mubadala Petroleum from a current contract with Petronas for its Songa Venus rig.

Songa Trym Maintenance Work Finally Completed
Monday, February 18, 2013Maintenance work on Songa Trym rig is complete, and the rig is now ready for its contract with Statoil.

Songa Says Trym Rig Ready by End January
Tuesday, January 15, 2013The Songa Trym rig is expected to be ready by the end of January after modifications are carried out at the CCB yard, Norway.

Seadrill, Songa Offshore Enter HOA for Semisub
Monday, October 22, 2012Seadrill has entered into a Heads of Agreement (HOA) with Songa Offshore for a potential purchase of the ultra deepwater semisubmersible rig Songa Eclipse.

Songa Sees Early Signs of Improving Market for Mid-Water Rigs
Monday, August 20, 2012Songa Offshore's 2Q 2012 profit more than halves, but firm is now looking forward to a healthier market for its mid-water rigs.

Songa Sees Increased Use of its Drilling Fleet
Friday, August 10, 2012Fleet usage figures for July show a marked improvement in activity for Songa.

Aker Solutions Wins Drilling Equipment Award for 'Cat D' rigs
Wednesday, March 28, 2012Aker Solutions' equipment is for Category D drilling rigs that are purpose made for North Sea operations.

Songa Offshore Secures $2.66B Statoil Rig Gig
Friday, February 24, 2012Songa Offshore SE has received and accepted an LOA from Statoil for 2 newbuild "cat D" semisubmersible rigs for $2.66B.

Songa Scores Statoil Contract Extension, Updates September Fleet
Tuesday, October 04, 2011As 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.

Aker Solutions Scores Drilling Equipment Contract for DSME
Friday, August 26, 2011Aker 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.

Songa to Buy Remaining Stake in Semisub
Monday, July 25, 2011Songa 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.

Songa Offshore Semisub Selected for Statoil's Troll Field
Monday, July 11, 2011Songa Offshore has received an LOA from Statoil for the use of Songa Trym for a 3 years firm plus 2x1 year option Drilling Contract.

Songa Snatches New Semisub Gig from Statoil
Tuesday, July 05, 2011Songa Offshore has received and accepted an LOA from Statoil for 2 new build "Cat-D" semisubs for an approx. $2.5B.

Gazprom Subsidiary Snaps Up Songa Semisub
Monday, April 18, 2011Songa announced that a firm contract for the use of Songa Mercur has been agreed and signed with Gazflot LLC, a Gazprom subsidiary.

Songa Awarded Rig Deal by Statoil
Thursday, March 17, 2011Songa Offshore has received an LOA from Statoil for the use of Songa Delta for a Drilling Contract on the Norwegian Continental Shelf.

Songa Mercur Takes Time Off
Thursday, January 20, 2011The Songa Mercur is currently off-hire in China resulting from structural failure of the telescopic joint.

Songa Offshore Charters Rig to Statoil on NCS
Tuesday, October 19, 2010Songa Offshore has received an LOI from Statoil for the use of Songa Dee for a drilling contract on the Norwegian Continental Shelf.

Songa Offshore to Sell Drillship Saturn
Monday, September 20, 2010Songa 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.

Shell Snags Songa Venus for Field Offshore Australia
Thursday, July 22, 2010Songa Offshore announced that the first of three optional wells has been declared by Shell Development (Australia) under the contract for Songa Venus.