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

Hydratight launches hot bolting services for offshore assets

Oct 24, 2014

Hydratight now offers hot bolting services globally on all types of flanged joints.

Palantir Solutions launches new reserves management and planning tool

Oct 24, 2014

Palantir Solutions is offering a new reserves management and planning solution called PalantirRESERVES, which is powered by PalantirDATAFLOW, a data management planning platform.

Fugro offers high-resolution subsea laser scanning

Oct 24, 2014

Fugro has expanded its offshore oil and gas services by adding high-resolution subsea laser scanning, which can be applied to a range of subsea services including metrology, field mapping, structure mapping, change detection, and integrity management.

OFG completes CSEM hydrate survey offshore Japan

Oct 24, 2014

Ocean Floor Geophysics Ltd., in cooperation with Fukada Salvage and Marine Works Co. Ltd., has completed a high-resolution CSEM survey of near-surface gas hydrates in Japanese waters using the Scripps Institution of Oceanography Vulcan system for the National Institute of Advanced Industrial Science and Technology (AIST).

Statoil takes an offshore operatorship in Australia

Oct 24, 2014

Statoil continues to expand in Australia, with the award of 100% equity share in an exploration permit in the Northern Carnarvon basin on the Northwest Shelf of Australia.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>