Sevan Marine Company News

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FPSO Design Contract Goes to Sembcorp
Siccar Point and Shell aim to sanction Cambio in 2020.
8:00 PM EST | August 28, 2019
Sembcorp Marine Acquires 50% Stake in KANFA Aragon from Sevan Marine
Sembcorp Marine acquires 50 percent stake in process solutions and services provider KANFA Aragon from Sevan Marine for $2.36 million.
8:00 PM EST | June 28, 2016
Sevan Marine's Unit KANFA Bags $50M EPC Deal for FPSO Yinson Production
Sevan Marine's subsidiary KANFA bags a $50 million engineering, procurement and construction contract for four process modules for FPSO Yinson Production.
7:00 PM EST | February 16, 2015
First Oil in Sight at Huntington
After months of delays, the Huntington oil and gas field is on track to commence production soon.
8:00 PM EST | March 26, 2013
Teekay's FPSO Buy to Keep Sevan Marine Afloat
Sevan Marine's plans to sell three FPSOs to Teekay Corporation will keep the Norwegian company from sinking into bankruptcy.
7:00 PM EST | November 09, 2011
Sevan Marine Announces Resignation
VP Finance of Sevan Marine Resigns
8:00 PM EST | October 30, 2011
Teekay to Purchase Sevan FPSOs
Teekay has entered into an agreement with Sevan Marine and holders of more than two-thirds of each of Sevan's bond loans for Teekay to acquire three FPSO units from Sevan and make an equity investment in a recapitalized Sevan.
8:00 PM EST | October 17, 2011
Sevan Marine's FPSO Charter Contract Extended until 2012
Under the charter contract with Centrica Energy Upstream, the charter for FPSO Sevan Hummingbird has been extended until September 28, 2012.
8:00 PM EST | September 29, 2011
Sevan Marine Sells FPSOs to Teekay
Sevan Marine has reached an agreement in principle with Teekay in relation to a sale of three floating production storage and offloading (FPSO) units by Sevan Marine to Teekay.
8:00 PM EST | September 29, 2011
Sevan Marine: Cost Increase for FPSO Sevan Voyageur
Additional costs will be incurred by Sevan Marine for the FPSO Sevan Voyageur, resulting in a current cost estimate for the project in the range of USD 170-190 million.
8:00 PM EST | August 25, 2011
Sevan Marine Briefs Financial Position
The Board of Directors of Sevan Marine continues to hold constructive dialogue with bondholders and other relevant parties regarding a global restructuring of the Company's balance sheet.
8:00 PM EST | July 10, 2011
Sevan Marine Reports Financial Results for 1Q11
Sevan Marine reported the results for the 1Q of 2011. Sevan Marine and its advisers are in the process of seeking a debt restructuring to secure the Company's financial position.
8:00 PM EST | June 13, 2011
Sevan Marine Board Member Resigns
Sevan Marine has received a letter of resignation from Jan Erik Tveteraa.
8:00 PM EST | May 25, 2011
Sevan Marine Says Hello to New CEO
Carl Lieungh has been appointed new CEO of Sevan Marine following the general meeting in Sevan Marine.
8:00 PM EST | April 27, 2011
Sevan Marine Spotlights 4Q Results for 2010
Operating revenue for the quarter amounted to USD 74.5 million (USD 73.4 million).
7:00 PM EST | February 14, 2011
Sevan Marine Begins Pulling BOP to Surface
Sevan Marine reported that securing of the well has been completed and the pulling of the BOP to the surface has started.
7:00 PM EST | November 18, 2010
E.ON Charters FPSO Sevan Voyageur for Huntington Field
Sevan has entered into a charter contract and the services agreement with E.ON, in respect of the chartering and operation of FPSO Sevan Voyageur on the Huntington field.
7:00 PM EST | November 08, 2010
Sevan Pulls Out BOP for Repairs
Sevan has decided to pull the BOP to the surface for repair of the jammed ram.
7:00 PM EST | November 07, 2010
Sevan Driller Currently Off-Hire
The Sevan Driller is currently off-hire due to problems with the blow-out preventer (BOP).
8:00 PM EST | November 04, 2010
Aker to Provide Drilling Riser System to Sevan Marine's Rig
Aker Solutions has won a contract to provide a complete 8,000 feet drilling riser system to Sevan Marine's deepwater drilling rig Sevan Brasil.
8:00 PM EST | October 05, 2010
Sevan Marine BOD Member to Retire
May Britt Myhr has notified the Board of Directors of Sevan Marine ASA that she will not be in a position to serve in office as Board member in Sevan Marine.
8:00 PM EST | September 20, 2010
Equipment Defects Halt Drilling Ops on Sevan Driller
Defects in the riser tensioning systems (DAT cylinders) in the drilling package, have caused a stop in the drilling operation on the Sevan Driller.
8:00 PM EST | September 16, 2010
Sevan Marine, E.ON to Extend LOI for Huntington Project
Sevan Marine and E.ON Ruhrgas have made good progress in the commercial agreements for the lease of the FPSO Sevan Voyageur.
8:00 PM EST | August 17, 2010
Sevan to Take Stake in Centrica's FPSO Sevan Hummingbird
Centrica and Sevan Marine have entered into an agreement for Sevan to acquire Centrica's 20% equity interest in FPSO Sevan Hummingbird.
8:00 PM EST | August 12, 2010
Sevan Marine Launches Sevan Driller II
Sevan Driller II was launched on August 2, 2010.
8:00 PM EST | August 04, 2010
Sevan Marine Raises $200MM in Bond Issue
Sevan Marine has raised $200MM in a bond issue.
8:00 PM EST | July 18, 2010
LOI Extended for FPSO Sevan Voyageur
Sevan Marine and E.ON Ruhrgas have agreed to extend the Exclusivity Period to the charter of FPSO Sevan Voyageur.
8:00 PM EST | June 30, 2010
Sevan Snags Study Contract for Chevron's Alder Project
Chevron North Sea has awarded Sevan Marine a contract to conduct a study for the potential application of a Sevan floating platform for the Alder project.
8:00 PM EST | May 17, 2010
Sevan, Ruhrgas Sign LOI for FPSO for Huntington Development
Sevan and E.ON Ruhrgas have entered into a LOI for the potential use of the FPSO Sevan Voyageur as the production unit for the Huntington field in Block 22/14 of the UK continental shelf.
8:00 PM EST | May 03, 2010
Sevan Restructures FPSO Bank Facility
Sevan has reached a mutual agreement that provides the company with the required flexibility to find a new contract for FPSO Sevan Voyageur, after the expiry of the existing charter contract.
8:00 PM EST | March 15, 2010
Sevan Wins Study Contract for Luno Project in Norwegian Sea
Lundin has awarded Sevan Marine a study of the potential application of a Sevan production unit for the Luno field development in the Norwegian North Sea.
7:00 PM EST | February 22, 2010
Hyundai Heavy Seals $1.1B Deal to Supply Goliat FPSO
Hyundai Heavy Industries has secured a $1.1 billion tender to build the Goliat FPSO for Eni Norge.
7:00 PM EST | February 07, 2010
Eni, Sevan Ink Project Services Contract for Goliat FPSO
Eni Norge as Operator of Goliat and Sevan Marine have entered into a contract where the parties will work together in order to achieve a successful result for the Goliat FPSO project.
7:00 PM EST | January 14, 2010
BG Norge Taps Sevan Marine for Feasibility Study
BG Norge has awarded Sevan Marine a study focused on demonstrating the feasibility of the Sevan cylindrical FPSO as part of the concept selection work being done to evaluate one of their discoveries.
8:00 PM EST | October 12, 2009
StatoilHydro Taps Sevan for Cylindrical FPSO Feasibility Study
StatoilHydro has awarded Sevan Marine a contract to conduct a study focused on scale model testing aimed at verifying the feasibility of the Sevan cylindrical FPSO using steel catenary risers for harsh deepwater application.
8:00 PM EST | October 07, 2009
StatoilHydro Awards Sevan Study Contract for Potential FPSO
StatoilHydro has awarded Sevan Marine a contract to conduct a study for the potential application of a Sevan floating platform for an undisclosed field development.
8:00 PM EST | August 25, 2009
Wood Group Appointed Duty Holder for FPSO Sevan Voyageur
Wood Group Engineering (North Sea) Ltd has been appointed duty holder for the FPSO Sevan Voyageur by Premier Oil, the licencee for the Shelley field in the central UK North Sea.
8:00 PM EST | August 06, 2009
Sevan Drilling Says Hello to New CFO
Jon Willmann will join Sevan as Vice President Finance/CFO Sevan Drilling ASA with effect from August 1, 2009.
8:00 PM EST | July 01, 2009
Eni, Sevan Ink Firm Technology License Agreement for Goliat FPSO
Eni Norge and Sevan Marine signed a firm Technology License agreement for the Sevan 1000 FPSO for the development of the Goliat field the Barents Sea.
8:00 PM EST | April 15, 2009
Sevan, Premier Agree on Continued Use of Voyageur FPSO at Shelley Devt
Sevan has entered into a MOU with Premier for the continued provision and operation of the FPSO Sevan Voyageur by Sevan for the development of the Shelley field in the event that Premier purchases Oilexco or the Shelley field.
8:00 PM EST | April 13, 2009
Sevan Continues Negotiations with Shipyard Concerning 2 FPSOs
In reference to FPSO Sevan no. 4 and 5, Sevan informs that negotiations with the Jiangsu Hantong Ship Heavy Industry shipyard about the further progress of the construction of the two units are ongoing.
8:00 PM EST | March 12, 2009
Kanfa to Build LNG Production Topside for World's First FLNG Vessel
Kanfa signed a contract with Samsung Heavy Industries in Korea for the development of a LNG production topside to the world's first Floating Liquified Natural Gas Production Vessel.
7:00 PM EST | January 21, 2009
Sevan Meets with Oilexco's Admin, Prepares FPSO Voyageur for First Oil
Sevan has met with Oilexco North Sea's new administrators, and continues the final commissioning activities on FPSO Sevan Voyageur, preparing the unit for first oil on the Shelley field.
7:00 PM EST | January 07, 2009
Sevan Voyageur Sets Sail for Shelly Field Operations
The FPSO Sevan Voyageur has set sail for the Shelly Field in the Central UK North Sea where it will be deployed under a 5+5 year contract.
7:00 PM EST | November 30, 2008
Sevan Secures Construction Financing for 2 Deepwater Semisubs
Sevan signed a mandate letter with two leading financial institutions to arrange construction financing of up to $1 billion that converts into a 6-year amortizing term loan following delivery of two deepwater drilling units.
8:00 PM EST | October 28, 2008
FPSO Sevan Voyageur Financed and Ready for Shelley Field Ops
Sevan Marine advised that the Capital Markets group of GE Commercial Finance have completed the syndication of a US $300 million senior debt project finance facility for the FPSO Sevan Voyageur.
8:00 PM EST | October 28, 2008
Sevan Hummingbird to Nest at Chestnut Field for 2 Years
Following completion of the first 100,000 bbls of oil production, Venture Production has informed Sevan that the FPSO Sevan Hummingbird has been formally accepted and is on full rate from September 28th.
8:00 PM EST | October 09, 2008
FPSO Sevan Piranema, Petrobras Celebrate 1 Year Anniversary
The FPSO Sevan Piranema has been producing oil for Petrobras for its first full year. The unit is located on the Petrobras operated Piranema field, off the coast of Aracaju, in the state of Sergipe, Brazil.
8:00 PM EST | October 09, 2008
Oskar Mykland Assumes Position as Sevan Marine's New CFO
Sevan Marine ASA announced that Oskar Mykland will join Sevan as with effect from January 1, 2009.
8:00 PM EST | September 28, 2008
Sevan Hummingbird Starts-Up Oil Production at Chestnut
The FPSO Sevan Hummingbird has commenced oil production on Venture's Chestnut field, in the central UK North Sea.
8:00 PM EST | September 21, 2008