Statoil and Tullow Norge have entered an agreement for Statoil to increase its equity in four licenses on the Norwegian continental shelf (NCS), which includes the Wisting discovery in the Barents Sea. The deal includes Tullow transferring…
Norwegian floating production firm Sevan Marine has been awarded a study to evaluate use of its cylindrical hull design for use on the Wisting field, the northernmost oil discovery offshore Norway. OMV is screening various floating alternatives…
Singapore-based Sembcorp Marine will acquire 50% interest in Norwegian process design and engineering group KANFA Aragon, from Sevan Marine in a US$2.3 million (NOK 20 million) deal. Image from Kanfa Group…
Bermuda listed Seadrill, and Norwegian drillers Odfjell and Sevan Drilling reported their Q1 results this morning. Intense focus on cost cutting and efficiency have helped all three, as it had with the likes of Ensco and Transocean,…
Under a program organized by the Research Partnership to Secure Energy for America (RPSEA), Doris Inc., the Offshore Technology Research Center (OTRC) at Texas A&M University, and Sevan Marine have carried out further research and model scale…
Model testing of Norwegian ship designer Sevan Marine's cylindrical hull concept for use in the Gulf of Mexico's ultra deepwaters has shown positive results, the firm has reported. The hull design has been tested at the Offshore Technology…
Norway's Sevan Marine is to do further work around a possible floating LNG (FLNG) development using its cylindrical vessel concept for a US oil major. The work follows a paid FLNG feasibility study for the use of the Sevan cylindrical hull for a specific FLNG development…
Sevan Drilling and Cosco have agreed to defer delivery of the new-build Sevan Developer cylindrical drilling rig for another six months. The deepwater unit is being built by Cosco, but has faced construction delays. Meanwhile, Sevan has seen a slowdown in contract awards for deepwater units…
Petrobras has agreed an early terminatation on its contract for Sevan Drilling's cylindrical drilling rig, the Sevan Driller. The two firms also agreed to reduce rates on a second Sevan drilling rig, the Sevan Brasil, also on contract to Petrobras…
Following the participation in front-end engineering and development (FEED) work over past several months, Sevan Marine has announced that it has signed two agreements related to the FPSO prospects in the UK North Sea. The first agreement…
Noble Corp. is the latest major oil and gas company to be linked to the Petróleo Brasileiro’s (Petrobras) Lava Jato bribery and corruption scandal, the offshore driller revealed in a regulatory filing to the US Securities and Exchange Commission…
Norwegian authorities performed a search and seizure of Sevan Drilling’s offices last week, after corrupt activities between Sevan Drilling and Brazil’s Petróleo Brasileiro (Petrobras) were exposed in an independent external review conducted by Sevan Marine…
In this video, Teekay Corp. gives a look inside of the Arendal Spirit accommodation rig. The Arendal Spirit is Teekay’s first unit for maintenance and safety (UMS). It has secured a three-year charter contract, including extension options…
Weak demand for services in the oil sector is helping operator Premier Oil to reduce costs on its Vette and Sea Lion projects, the firm said this morning. While the now expected prolonged low oil prices could put pressure on future projects…
UK-based operator Premier Oil says work on its west of Shetland Solan development remains on track for start up in 4Q, while it looks for cheaper options for its Norwegian Vette project. Premier Oil says it is also moving towards pre…
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