EnergyWatch

Rough offshore market rubs off on rig company results

Both Songa Offshore and North Atlantic Drilling exited the second quarter with setbacks in revenue. While Songa Offshore booked a bottom line in the black, things developed more negatively for Seadrill's subsidiary North Atlantic Drilling which landed a big loss.

Photo: Songa Offshore

Rig companies North Atlantic Drilling and Songa Offshore still operate in a particularly challenging market which is evident from the declining top lines at both companies, shown in their interim reports released Friday morning.

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