Stay Connected

PetroSaudi receives Songa drillship

Offshore staff

LIMASSOL, Cyprus -- Songa Offshore has completed the sale of its drillship Songa Saturn for net proceeds of $260 million.

The vessel was delivered earlier today to a subsidiary of PetroSaudi Oil Services Ltd.

The net cash effect to Songa Offshore, after repayment of debt, will be around $150 million.

10/08/2010

Related Articles

DNV GL calls on industry to support its ‘Walk to Work’ JIP

Nov 19, 2013

DNV GL is initiating a joint industry project to develop guidance for alternative means of personnel transfer onto offshore installations.

Lloyd’s wins North Sea integrity management contract

Nov 18, 2013

Talisman Sinopec Energy UK has awarded Lloyd’s Register a five-year contract for integrity management services.

Trending News

Fire breaks out on Petrobras’ Marlim field

Jul 31, 2014

A fire reportedly broke out on an oil platform at the Marlim field in the Campos basi.

Ecopetrol starts GoM oil production with Murphy Oil

Jul 31, 2014

Ecopetrol has begun producing crude oil from two Dalmatian field wells in the Gulf of Mexico operated by its partner Murphy Exploration & Production Co., according to Reuters.

BGP completes 3D seismic shoot offshore Gabon

Jul 31, 2014

BGP has completed a 1,500-sq km (579-sq mi) 3D offshore seismic acquisition program for Perenco Oil & Gas Gabon.

Antrim finds numerous leads in Skellig offshore Ireland

Jul 31, 2014

Antrim Energy has detailed prospective hydrocarbon resources in frontier exploration license 1/13 in the Porcupine basin offshore southwest Ireland.

Tamar Southwest development plan blocked

Jul 31, 2014

Delek Group says the partners in the Tamar I/12 lease offshore Israel have filed a petition to the Israeli High Court.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>