Month: April 2016

Solstad Offshore FY2015 earnings review

By rsqresearch on April 19, 2016 • ( 0 )

Solstad Offshore the Norwegian offshore vessel contractor, amidst a major debt restructuring, as it repaid its NOK 700m senior unsecured FRN’s due on 25 February 2016. Furthermore, as per the company’s 4Q15 earnings presentations, Solstad had successfully refinanced 65% and… Read More ›

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Ocean Rig to end relationship with Dryships by buying back the remainder 40% stake, although operational woes continue.

By rsqresearch on April 11, 2016 • ( 0 )

Ocean Rig UDW Inc. (NASDAQ:ORIG), the Norwegian offshore drilling contractor has agreed to buy all of Dryships’ shares in Ocean Rig for total cash consideration of approximately USD 49.9m via its newly created unrestricted subsidiary, Ocean Rig Investments. Post this… Read More ›