Transocean Acquires Songa Offshore

Transocean Acquires Songa Offshore
Drilling rig operator Transocean has reached an agreement with Songa Offshore to acquire Songa for $1.7 billion in shares, bonds and cash. Transocean will also assume Songa's debts, an amount totaling $1.7 billion. Songa is the biggest drilling contractor for Norway's Statoil, with four ... read more
Source: Maritime ExecutivePublished on 2017-08-15