Search results for: Voyageur

73 results

A list of search results

  • 14 April 2013

    First oil and production at the E.ON-operated Huntington oil and gas field in the Central North Sea has started, Sevan Marine, the owner of the FPSO Voyageur Spirit announced on Saturday, April 13.  “Following a 72 hours continuous production testing, title to the FPSO Voyageur is expected to be transferred to Voyageur LLC (a subsidiary of […]

  • 30 April 2013
    Business & Finance, Operations & Maintenance

    Regarding the sale of FPSO Voyageur Spirit to Teekay Corporation, Sevan Marine announces that the transfer of title to the FPSO Voyageur Spirit to Voyageur LLC is scheduled to take place on Thursday, May 2, 2013. Recently the FPSO began oil production at Huntington field in the Central North Sea. The field is expected to […]

  • 3 May 2013
    Business & Finance, Operations & Maintenance

    Reference is made to previous announcements in respect of the restructuring (the “Restructuring”) of Sevan Marine ASA (“Sevan” or the “Company”) and its subsidiaries. The Restructuring, which commenced in 2011 and has been implemented under a step plan through 2011 and 2012, has now been effected according to plan as the final element was completed […]

  • 15 April 2013
    Business & Finance, Operations & Maintenance

    Sevan Marine announces that “first oil” and production from FPSO Voyageur Spirit at the Huntington oil and gas field in the Central North Sea has successfully started. Following a 72 hours continuous production testing, title to the FPSO Voyageur is expected to be transferred to Voyageur LLC (a subsidiary of Teekay Corp) within one week. […]

  • 17 December 2007

    The FPSO Sevan Voyageur arrived at the Keppel Verolme Shipyard on December 16, where it will undergo topside hook-up and commissioning activities. FPSO Sevan Voyageur will be installed on the Shelley field in the central UK North Sea in 2008, under a 5 + 5 year contract with Oilexco North Sea Ltd.

  • 5 November 2007

    The FPSO Sevan Voyageur left Yantai Raffles Shipyard in China this morning. The FPSO is placed onboard a dry tow vessel and is on its way to the Keppel Verolme shipyard for topside hook-up and commissioning. FPSO Sevan Voyageur will be installed on the Shelley field in the central UK North Sea in 2008, under […]

  • 19 March 2012
    Business & Finance

    Apply Sørco has established a Framework Agreement with Teekay related to “Pre-operations and Operations Support Services”. This is a wide and open frame agreement which might include most of the services and products portfolio that Apply Sørco can provide to our customers. The agreement is entered with Teekay Norway, and hence it comprises all activities […]

  • 9 June 2010

    Sevan and ING Bank have agreed on a term sheet, which is subject to final credit approval and documentation, for a secured bank facility of USD 230 million for FPSO Sevan Voyageur which will replace the existing 1st lien financing of USD 150 million. The net proceeds of the refinancing completes the funding of the […]

  • 17 May 2018
    Business & Finance, Infrastructure

    Teekay Offshore has won a contract extension from Premier Oil for the Voyageur Spirit FPSO, operating on the Huntington field in the UK North Sea, but the extension includes a lower fixed charter rate.  In its 1Q 2018 update on Thursday, Teekay said it had signed the previously-announced contract extension with Premier Oil in April to extend the employment […]

  • 10 August 2016
    Business & Finance

    Capesize bulker MV Voyageurs, managed by Teekay Australia, discharged last week at the Port of Iskenderun in Turkey. The gallery below shows the vessel unloading with support of the 5,500-ton trans-shipper ISKEN.  Built in 2005, MV Voyageurs came under the company’s management in July 2015. The 177,033 dwt bulk carrier was the third CarVal-owned vessel managed […]

  • 1 October 2012

    Sevan Marine ASA announced, September 30th 2012, that the tow of the FPSO “Voyageur Spirit” from the Nymo upgrade yard at Eydehavn, Arendal to the Huntington Field in the UK sector of the North Sea has now commenced. The “Voyageur Spirit” let go of the moorings at 07:50 hrs Sunday morning, September 30, and is […]

  • 1 October 2012

    Sevan Marine ASA has announced that the tow of the FPSO “Voyageur Spirit” from the Nymo upgrade yard at Eydehavn, Arendal to the Huntington Field in the UK sector of the North Sea has commenced. The “Voyageur Spirit” let go of the moorings at 07:50 hrs Sunday morning, September 30, and is estimated to arrive […]

  • 30 September 2011
    Business & Finance

    Norwegian Energy Company ASA (Noreco) is a 20 percent partner in the Huntington oil field in the U.K. North Sea, which is currently under development. The field will be produced with the Sevan Voyageur FPSO. “The Huntington partnership (the JV) has been monitoring the situation at Sevan closely, and is pleased to learn that a […]

  • 1 October 2012
    Business & Finance

    Sevan Marine ASA has announced that the tow of the FPSO “Voyageur Spirit” from the Nymo upgrade yard at Eydehavn, Arendal to the Huntington Field in the UK sector of the North Sea has now commenced. The “Voyageur Spirit” let go of the moorings at 07:50 hrs Sunday morning, September 30, and is estimated to […]

  • 30 September 2012
    Business & Finance

    Sevan Marine ASA announced that the tow of the FPSO “Voyageur Spirit” from the Nymo upgrade yard at Eydehavn, Arendal to the Huntington Field in the UK sector of the North Sea has now commenced. The “Voyageur Spirit” let go of the moorings at 07:50 hrs Sunday morning, September 30, and is estimated to arrive […]

  • 5 September 2014
    Project & Tenders

    Huntington offshore oilfield in the UK North Sea has resumed production. Noreco has announced that the replacement of equipment on board the Voyageur Spirit FPSO, was completed yesterday. The field, operated by E.ON is now back in production and is currently producing at a rate between 5 000-6 000 boepd to Noreco. Production at the […]

  • 7 July 2010
    Equipment

    In reference to announcement made on June 8, 2010, Sevan Marine ASA, on behalf of one of its subsidiaries, has received commitment from ING Bank to arrange and underwrite the USD 230 million Senior Secured Credit Facility for FPSO Sevan Voyageur. The fully documented loan agreement is expected to be completed during third quarter of […]

  • 28 August 2013
    Business & Finance, Operations & Maintenance

    During Q2 2013, the final element of the Restructuring process was completed as FPSO Voyageur Spirit was transferred to Teekay. In addition, the hulls #4 and #5 were sold to Logitel Offshore. The Board reports that with this, the final steps have been taken in transforming Sevan Marine from an asset (‘build-own-operate’) company to an […]

  • 7 February 2020
    Infrastructure

    Premier Oil has filed its decommissioning program for the float-off of the Huntington field FPSO to the UK authorities.

  • 28 February 2013
    Business & Finance

    Norway’s Sevan Marine yesterday reported that its operating revenue from continued operations for fourth quarter 2012 amounted to USD 36.8 million. EBITDA was negative with USD 2.5 million, and due to impairment charge of USD 51 million, operating loss was USD 53.6. Net profit from continued operations was negative with USD 43.2 million. Equity at […]

  • 8 April 2008

    The process modules that arrived at the Keppel Verolme shipyard on April 5 have now been safely lifted onboard the FPSO Sevan Voyageur. Also the helideck has been installed.

  • 14 November 2017
    Infrastructure

    Premier Oil is set to extend the charter for the Voyageur Spirit FPSO in the North Sea. The oil company entered into a heads of terms with Teekay in November to extend the employment of the Voyageur Spirit FPSO unit on the Huntington field for one more year. This means the floating production unit will […]