Embattled Brazilian state-owned energy firm Petrobras has approved a new five-year investment plan for 2015-2019, which slashes total investments by 41% from last year’s estimates, the company announced on 29 June. Last year, the company announced it planned a total capex of US$220…
Watch as Teekay Offshore’s first unit for maintenance and safety (UMS), the Arendal Spirit, arrives safely to Rio de Janeiro, Brazil after departing the COSCO shipyard in China. Arendal Spirit will now undergo an extensive testing…
Lloyd’s Register Consulting completed safety work packages for Aibel regarding an engineering and design contract for the Vette floating productions storage and offloading (FPSO) project. The safety contracts cover quantitative risk assessments…
Teekay Offshore provides a look at their newest first floating accommodation vessel, the Arendal Spirit, during its sea trials. Teekay took delivery of the vessel from Cosco's Nantong yard just this week. The Arendal Spirit is…
Teekay Offshore Partners has taken delivery of its first floating accommodation vessel, the Arendal Spirit, from Cosco's Nantong yard. The unit, a Sevan Marine cylindrical design, has accommodation for 500 people. A further two vessels are on order…
Sevan Marine subsidiary KANFA has been awarded a letter of award for the engineering, procurement and construction (EPC) of four process modules for the FPSO Yinson Production. The contract is expected to last 15 months and be worth about US$50 million…
Sevan Drilling and Cosco (Qidong) Offshore have come to an agreement over the delivery of the new-build Sevan Developer cylindrical drilling rig. The deepwater unit is being built by Cosco, but has faced construction delays. Meanwhile…
Sevan Drilling and Cosco (Qidong) Offshore have agreed to extend a standstill agreement over the building of the deepwater, cylindrical drillship Sevan Developer to 4Q. The move, which follows an initial standstill agreement, made on September 22…
Sevan Marine is to provide front end engineering and design for the hull and marine systems of a Sevan type cylindrical floating production (FPSO) facility for Premier Oil's Bream field in the Norwegian sector of the North Sea. Bream…
Sevan Drilling has agreed a 'standstill' arrangement with Cosco (Qidong) Offshore over its drillship, the Sevan Developer. Significant delays in the build of the new deepwater drilling facility, and a drop in the market for deepwater units…
Sevan Drilling's cylindrical drilling unit, the Sevan Louisiana (pictured), continues to encounter operational difficulties due to the BOP and supporting systems, the firm said today (September 8). An original issue with the unit's BOP…
Cylindrical floating vessel firm Sevan Marine says it has a positive outlook with multiple leads for its technology, including FLNG technology and potential deals for floating production units on Premier Oil’s North Sea Bream field and Shell’s Penguins…
Sevan Drilling's Sevan Louisiana ultra-deepwater semisubmersiblse drilling rig has temporarily halted operations due to a control system leak on the blow out preventer (BOP), the firm said today (August 18). In order to repair the leak…
Teekay Offshore Partners have exercised the first of six options to build another floating accommodation unit (FAU) based on the cylindrical Sevan design at the Cosco Shipyard, Nantong, China. The new FAU is scheduled for delivery in Q3 2016…
Sevan Marine’s Sevan 300-designed circular FPSO, which serves Petrobras’ Piranema field off Brazil. Photo from Sevan Marine. A new study by RPSEA, Doris-Inc., and Sevan Marine investigates…
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