API’s IM standards boost offshore safety

API is continuing to lead the way on safety

Norway: Sevan Marine Announces 3Q 2010 Results

Operating income for the quarter amounted to USD 73.4 million (USD 58.2 million). EBITDAFX was USD 18.5 million ...

read more →

UK: Huntington Charter Documents Signed for FPSO Sevan ...

Further to announcements on May 3, July 1, August 18 and October 1, 2010, Sevan Marine ASA (“Sevan”) ...

read more →

Brazil: Update on Sevan Driller Operation

Further to announcement made on November 5, 2010, and following attempts to release the locked ram at the seabed, ...

read more →

Brazil: Sevan Driller Off-Hire Due to BOP Issues

The Sevan Driller is currently off-hire due to problems with the blow-out preventer (‘BOP’) which started on ...

read more →

Brazil: Sevan Driller Back in Action

In reference to the announcement made on September 17, 2010, the defects in the riser tensioning systems that ...

read more →

Brazil: Sevan Driller Back in Action by the End of September

Defects in the riser tensioning systems (DAT cylinders) in the drilling package, have caused a stop in the drilling ...

read more →

UK: Sevan and E.ON Ruhrgas Agree to Extend Letter of ...

Sevan Marine ASA and E.ON Ruhrgas UK E&P Limited (“E.ON”) as operator of the Huntington project ...

read more →

Norway: Mandate and Term Sheet Signed for Refinancing ...

Sevan Drilling AS, a wholly owned subsidiary of Sevan Marine ASA, has signed a mandate letter and term sheet with ...

read more →

Norway: USD 230M Bank Facility for FPSO Sevan Voyageur ...

In reference to announcement made on June 8, 2010, Sevan Marine ASA, on behalf of one of its subsidiaries, has ...

read more →

Norway: Letter of Intent Extended for FPSO Sevan Voyageur

In reference to the announcement made on May 3, 2010, Sevan Marine ASA, on behalf of its wholly owned subsidiaries, ...

read more →

Sevan Driller Commences Operations Offshore Brazil

Sevan Driller commenced operation as from yesterday and the rig is thereby on full day rate. Sevan Driller arrived ...

read more →

Brazil: Norwegian Sevan Driller Heads for Drilling Location

Sevan Driller has left Macae, heading for the drilling location. The advanced deepwater drilling unit is the ...

read more →

Norway: Sevan Driller Accepted by Petrobras

Sevan has been informed that the Sevan Driller has been accepted by Petrobras. The rig will be operating in the ...

read more →

Norway: Sevan to Get $230 M for FPSO Sevan Voyageur ...

Sevan and ING Bank have agreed on a term sheet, which is subject to final credit approval and documentation, for a ...

read more →