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

Pulse wins contract for offshore support services in Norway

Aug 22, 2014

Pulse Structural Monitoring, an Acteon company, has been awarded a contract with Total E&P Norge AS to provide a real-time integrity monitoring system that will measure platform displacement during drilling operations.

Stavanger Engineering and Scantech join forces

Aug 22, 2014

Stavanger Engineering and Scantech have combined their well intervention capabilities to develop a solution for coiled tubing tension frames with weak links for use on semisubmersible rigs. The equipment combines Stavanger Engineering’s tension frames with Scantech’s Weak Link Bail technology.

Qinterra wins offshore services contract with Petronas Carigali

Aug 22, 2014

Qinterra Technologies has received a contract worth up to $20 million to support Petronas Carigali Sdn Bhd operations. The three-year deal will see the company provide tractor services for all of Petronas Carigali Snd Bhd’s offshore Malaysia assets.

GDF SUEZ awards AGSL contract for Cygnus project

Aug 22, 2014

Asset Guardian Solutions Ltd (AGSL), which specializes in critical control software asset protection for the process and manufacturing industry, has been awarded a key contract by GDF SUEZ E&P UK Ltd. to provide a customized Asset Guardian tool set, its fully configurable process software management program. 

Keppel delivers fourth jackup rig to GDI of Qatar

Aug 22, 2014

Keppel FELS Ltd. has delivered its fourth jackup rig, Dukhan, to Gulf Drilling International Ltd. (GDI) of Qatar nine days ahead of schedule.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>