Search results for: Sevan

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  • 30 March 2016
    Business & Finance, Exploration & Production

    Sevan Drilling has received an early contract termination from Petrobras for one of its cylindrical drilling rigs in Brazil, rate reduction for another, and a short-term gig for the terminated rig from Shell.   According to the company’s statement on Wednesday, Sevan Drilling amended contracts for the Sevan Driller and Sevan Brasil with Petrobras and […]

  • 30 September 2011
    Business & Finance

    Teekay Corporation (Teekay or the Company) today announced that it has reached an agreement in principle to acquire three floating production storage and offloading (FPSO) units from Sevan Marine ASA (Sevan), a Norway-based developer, owner and operator of FPSO units, and acquire an equity interest in a recapitalized Sevan. Under the terms of the agreement […]

  • 23 October 2013

    Sevan Drilling has today, 23 October 2013, taken delivery of Sevan Louisiana from Cosco Quidong Shipyard in China. Sevan Louisiana is Sevan Drilling’s third deep water drilling rig and will start the transit to the US Gulf of Mexico It is expected that the rig will  start operation for LLOG Bluewater towards the end of Q1 2014, following […]

  • 1 March 2011
    Business & Finance

      Effective from today, Sevan intends to report the Technical Uptime for the fleet in operation on a monthly basis. Technical Uptime for the months of January and February 2011 were as follows:   January (%)                 February (%) FPSO Sevan Piranema                            100                                   100 FPSO Sevan Hummingbird                   100                                   100 Sevan Driller                                              78                                       97   Technical Uptime […]

  • 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 […]

  • 4 May 2018
    Exploration & Production

    Noways’ anti-corruption agency Okokrim has closed an investigation into Sevan Drilling over the company’s drilling contracts won with Petrobras between 2005 and 2008.

  • 24 May 2013

    Press Release – Sevan Marine ASA has entered into an agreement to sell the semi-completed Sevan hulls number 4 and 5  on an “as-is, where-is” basis to Logitel Offshore. The total purchase price for the Hulls is USD 41 million, to be rendered as a seller’s credit. Sevan will grant an additional loan of USD […]

  • 27 August 2015
    Exploration & Production

    Sevan Drilling Limited, an international drilling contractor specializing in the ultra deepwater segment, on Thursday posted a rise in net profit for the second quarter of 2015 when compared to the same period last year. Namely, Sevan reported a net profit of $13.7 million in Q2 2015 compared to $9.2 million in Q2 2014. According […]

  • 19 October 2015
    Business & Finance, Exploration & Production

    Seadrill, an offshore drilling contractor with a stake in former Sevan Marine’s subsidiary Sevan Drilling, has denied its relation to a bribery case with Brazilian national oil company Petrobras. To remind, Sevan Marine on Friday said that some of its former employees might have been involved in a bribery case with Petrobras, adding it has decided to hand […]

  • 6 October 2014

    Norwegian drilling contractor Sevan Drilling needs more time to decide on the Sevan Developer rig fate.   The company has today announced that it has agreed with Cosco, the rig builder, to extend the Sevan Developer standstill agreement into the fourth quarter. The agreement should allow the parties more time to negotiate a later rig delivery […]

  • 16 May 2014

    Norwegian drilling contractor Sevan Drilling has received a mobilisation fee for its Sevan Louisana drilling rig.

  • 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 […]

  • 27 May 2013
    Business & Finance

    Sevan Marine ASA announced that it has entered into an agreement to sell the semi-completed Sevan hulls number 4 and 5  on an “as-is, where-is” basis to Logitel Offshore. The total purchase price for the Hulls is USD 41 million, to be rendered as a seller’s credit. Sevan will grant an additional loan of USD […]

  • 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 […]

  • 30 September 2011
    Business & Finance

      Teekay Corporation (Teekay or the Company) today announced that it has reached an agreement in principle to acquire three floating production storage and offloading (FPSO) units from Sevan Marine ASA (Sevan), a Norway-based developer, owner and operator of FPSO units, and acquire an equity interest in a recapitalized Sevan. Under the terms of 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 […]

  • 16 October 2015
    Business & Finance

    Norwegian engineering company Sevan Marine on Friday said that some of its former employees might have been involved in a bribery case with Brazilian national oil company Petrobras. According to the company, the internal investigation conducted by a law firm Selmar DA that Sevan Marine had hired in relation to allegations linking the Norwegian company to a […]

  • 15 April 2016
    Exploration & Production

    Offshore drilling contractor Sevan Drilling and China’s Cosco shipyard have agreed to exercise the second six-month option to delay the delivery of Sevan’s newbuild rig, the Sevan Developer.  Sevan Drilling and Cosco have agreed to exercise the second six-month option to extend the deferral agreement to October 15, 2016. The delivery was previously delayed in October […]

  • 31 May 2017
    Exploration & Production

    Offshore drilling contractor Sevan Drilling needs more time to decide whether to further postpone the delivery of its Sevan Developer rig built in China. Sevan ordered the cylindrical rig from Chinese shipbuilder Cosco in 2011. The rig was originally scheduled for delivery in the third quarter of 2014. However, as the owner was unable to secure the […]

  • 27 August 2014

    Sevan Drilling, a Norway-based drilling contractor today said that its ‘Sevan Louisiana’ drilling rig should resume operations during the weekend. The rig, hired by LLOG for work in the U.S. Gulf of Mexico, halted operations earlier this month due to a to a control system leak on the Blowout Preventer (BOP). While the rig, built by Cosco Qidong […]

  • 1 April 2011
    Business & Finance

      Sevan Marine ASA , a company specializied in owning, operating and licensing FPSOs and drilling units, based on its patented cylindrical floater technology announces fleet technical uptime for March 2011. Technical Uptime for March 2011 was as follows: (%) FPSO Sevan Piranema 90 FPSO Sevan Hummingbird 99 Sevan Driller 95 Technical Uptime as indicated […]

  • 17 October 2016

    Sevan Drilling, an Oslo-listed drilling contractor, has decided to delay the delivery of the Sevan Developer drilling rig once again. The handover of the rig, which was originally scheduled for delivery in 2014, has now been postponed to April 15, 2017. This means Sevan Drilling Ltd and China’s rig builder Cosco have agreed to exercise the […]