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Pacific Drilling settles restructuring plan

Offshore drilling company Pacific Drilling, which filed for bankruptcy protection in the US last year, has now secured approval for its rescue plan, and it soon expects to exit bankruptcy protection.

Songa Offshore wins round one in dispute with DSME

An arbitration tribunal has ruled in favor of Songa Offshore in the protracted dispute between the drilling company and South Korean shipbuilder DSME. But the yard can still appeal the decision, writes Songa.

Songa Offshore pushes back loan by one year

Norwegian rig company Songa Offshore has been granted an extension on a loan worth close to USD 55 million. And majority shareholder Frederik W. Mohn has agreed to delay the repayment of another loan.

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