Search results for: Sevan Marine

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  • 10 May 2016
    Equipment, Infrastructure, Project & Tenders

    Norwegian offshore facilities designed Sevan Marine will keep on working on a design for a cylindrical Floating LNG unit. The company on Tuesday said, referring to the paid FLNG feasibility study announced in Q3 2015 for the use of Sevan Marine’s cylindrical hull for a specific FLNG development, that it reached an agreement with the […]

  • 14 June 2017

    Sevan Marine, a Norwegian company designing offshore oil and gas platforms, will get back the cash it paid as part of a tax assessment dispute with the Norwegian tax authorities. Sevan Marine said it had in January received a decision from Skatt Sør (Norwegian tax authorities) that the tax assessment for 2012 was adjusted for […]

  • 8 June 2018

    Sevan Marine entered into an agreement with Sembcorp Marine Integrated Yards (SCM), for the latter to acquire assets of Sevan marine in a $28 million transaction. 

  • 11 October 2016
    Business & Finance

    Norwegian engineering company Sevan Marine has appointed its current chief financial officer (CFO), Reese McNeel, as the company’s new chief executive officer (CEO). Sevan said on Monday that its current CEO, Carl Lieungh, would step down from the position effective January 1, 2017. The company added that Lieungh would continue as an advisor to the Board […]

  • 8 August 2018

    Sevan Marine, the Oslo-listed designer of offshore drilling and production units, expects to close the sale of a larger part of its business to Singapore’s Sembcorp Marine during the current month.

  • 6 July 2018
    Business & Finance

    Singapore’s Sembcorp Marine has decided to increase its offer for the takeover of a substantial part of business of Norway-based cylindrical floater specialist Sevan Marine by $11 million. 

  • 8 June 2018
    Business & Finance

    Sevan Marine has entered into an agreement to divest a substantial part of its business to Singapore’s Sembcorp Marine for a cash consideration of $28 million. 

  • 23 May 2016

    The owner of a cylindrical shaped floating platform design, Sevan Marine, is considering taking legal action against Teekay and its subsidiary Logitel Offshore. The board of Sevan Marine initiated in January 2016 a review of the circumstances surrounding and the legality of the Logitel Offshore agreements, including the $60 million bond loan granted by Sevan […]

  • 24 February 2017
    Project & Tenders

    Norway’s Sevan Marine signed a long-term framework agreement with ExxonMobil for the provision of services and use of the company’s cylindrical hull technology.

  • 25 March 2011
    Business & Finance

    The board of Sevan Marine ASA (“Sevan Marine”) will today submit an application for a listing of Sevan Drilling ASA (“Sevan Drilling”) as an independent company on the main list of the Oslo Stock Exchange. Sevan Marine has decided to organize Sevan Marine’s drilling activities into a new company to further grow and develop its […]

  • 28 April 2011
    Business & Finance

      In accordance with announcement made on March 25, 2011, and in relation to the listing of Sevan Drilling ASA, Mr. Jan Erik Tveteraas will retire from the position as CEO of Sevan Marine ASA to take on the position as CEO of Sevan Drilling ASA. Mr. Tveteraas was a founding shareholder of Sevan Marine […]

  • 16 October 2017

    Sevan Marine, a cylindrical platform design provider, has entered into a settlement agreement related to an ongoing dispute with Logitel Offshore and Teekay Offshore Partners.  Sevan Marine informed on Monday it had entered the settlement agreement with Logitel Offshore and Teekay Offshore Partners with respect to the disputed fourpartite agreement which was the subject of an […]

  • 24 May 2016
    Exploration & Production

    Under a program organized by the Research Partnership to Secure Energy for America (RPSEA), Doris Inc., the Offshore Technology Research Center (OTRC) at Texas A&M University and Sevan Marine have carried out further research and model scale testing of Sevan Marine’s cylindrical hull for application in the Gulf of Mexico ultra deep water. Sevan Marine […]

  • 23 May 2016
    Business & Finance

    Norwegian engineering company Sevan Marine has informed that its chairperson of the Board will step down at the company’s annual general meeting scheduled for May 25. The company informed on Monday that Siri Hatlen, who has been the chairperson of Sevan Marine since the restructuring of the company in 2011, has decided to withdraw her candidacy […]

  • 9 July 2018

    Sembcorp Marine, said that it has revised its purchase price of Sevan Marine assets that include the 95 percent equity interest in Hiload LNG. 

  • 4 February 2014
    Business & Finance

    Sevan Marine ASA has acquired the technology rights of TORP LNG AS and its affiliates. This acquisition gives Sevan Marine ownership of the proprietary HiLoad technology for offshore loading of LNG (Liquefied Natural Gas). The HiLoad technology was originally developed for offshore loading of crude oil and the technology rights related to loading of oil […]

  • 25 March 2011

    The board of Sevan Marine ASA (“Sevan Marine”) will today submit an application for a listing of Sevan Drilling ASA (“Sevan Drilling”) as an independent company on the main list of the Oslo Stock Exchange. Sevan Marine has decided to organize Sevan Marine’s drilling activities into a new company to further grow and develop its […]

  • 28 November 2014
    Business & Finance

    Norway’s Sevan Marine ASA has informed that as of January 1, 2015, the CFO role will shift from Kjetil Vangsnes to Reese McNeel. On this occasion, Sevan Marine’s CEO, Carl Lieungh, stated: “I wish to thank Mr Vangsnes for his valuable contribution to Sevan Marine’s successful restructuring from 2011 onwards. He played a crucial role […]

  • 11 October 2016
    Business & Finance

    Sevan Marine informed that Carl Lieungh will step down as CEO of the company, effective January 01, 2017. The board has appointed the current CFO, Reese McNeel, as the new CEO of Sevan Marine. Carl Lieungh will continue as an advisor to the board of directors with responsibilities related to various tasks within the group until the […]

  • 29 June 2015
    Exploration & Production

    Sevan Marine, a Norwegian designer of cylindrical offshore drilling and production units, has engaged a law firm in relation to allegations linking the firm to a bribery scandal in Brazil. In a statement issued today, Sevan Marine ASA has said it has recently become aware of articles in the Brazilian press which refer to a former […]

  • 28 April 2011
    Business & Finance, Operations & Maintenance

    In accordance with announcement made on March 25, 2011, and in relation to the listing of Sevan Drilling ASA, Mr. Jan Erik Tveteraas will retire from the position as CEO of Sevan Marine ASA to take on the position as CEO of Sevan Drilling ASA. Mr. Tveteraas was a founding shareholder of Sevan Marine ASA […]

  • 28 April 2011
    Business & Finance, Operations & Maintenance

      Sevan Marine ASA  and Sevan Drilling ASA announce the completion of the bookbuilding period for the initial public offering of the shares in Sevan Drilling. Shares will be priced at NOK 8 per share. Sevan Drilling will issue 240,625,000 new shares in connection with the Offering, representing 71.5% of the shares of the Company […]