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Bjoernar Iversen News

20 Aug 2021

Transocean and Dolphin Drilling Make New Bid for Seadrill

(Photo: Seadrill)

Offshore drilling rig contractors Transocean Ltd and Dolphin Drilling have made a new offer to buy the assets of stricken rival Seadrill Ltd, Dolphin's chief executive said on Friday.Oslo-listed Seadrill, founded by Norwegian-born tycoon John Fredriksen, is seeking to emerge from U.S. Chapter 11 bankruptcy proceedings under an alternative financial plan filed in court last month."I can confirm that Dolphin and Transocean submitted an updated bid yesterday," Dolphin Chief Executive Bjoernar Iversen told Reuters.Seadrill's Oslo-listed shares traded 5.5% up by 1425 GMT…

24 Feb 2017

Songa Offshore sees Daewoo Arbitration Lasting into 2018

Rig firm Songa Offshore's CEO Bjoernar Iversen expects the company's arbitration case with DSME (Daewoo Shipbuilding & Marine Engineering) to last throughout 2017 and into 2018.   ** Songa received notices of arbitration from DSME in July 2015   ** Claims of $373 million received from DSME in November 2015 for the two rigs Songa Equinox and Songa Endurance   ** Songa submitted its response to DSME's claim and a $66 million counterclaim against DSME in March 2016   ** CEO says DSME is responsible for delays and cost overruns on the rigs   ** CEO: We believe we have a very, very strong case.   Reporting By Ole Petter Skonnord

08 Apr 2014

Songa Offshore expects to secure financing for remaining rigs

Norwegian oil driller Songa Offshore is confident it can raise the debt it needs in order to pay for the last two rig newbuilds it has ordered, Chief Executive Bjoernar Iversen told Reuters on Tuesday. The two units have a combined price of just over $1.3 billion and will be used by oil major Statoil. In total, Songa has four new rigs under construction, of which the first two have secured financing. "As we have said earlier we have financing in place on the first two rigs for Statoil and there is good appetite for the next two," Iversen said. The Cat D rigs, tailor made to fit Statoil's needs, each have eight-year contracts plus additional options of up to 12 years. The first two units are due to be delivered in late 2014, while the last ones are due in the second quarter of 2015.