Singapore-based Logitel Offshore Holdings has delayed the delivery of its second and third floating accommodation unit after striking an agreement COSCO. Logitel was co-created by Norway’s Sevan Marine in...

“By awarding Sevan AIP, we have acknowledged that the company’s innovative approach to designing and constructing a first-of-its-kind FLNG production unit is based on sound engineering practices and ABS classification...

Adding to the two other newbuilds currently under construction, Teekay Offshore Partners LP has exercised the first of six options to build an additional Floating Accommodation Unit (FAU) based on the Sevan...

After an 11,500 nautical mile tow from Singapore to Curaçao, via the Cape of Good Hope, the Fairmount Sherpa’s job is done. This 75-meter, 16,320 BHP ocean-going tug hauled Seadrill’s newly...

After spending NOK 461 million for a 50.1 percent majority stake in deepwater drilling contractor Sevan Drilling, Seadrill was required by the Norwegian Securities Trading Act to make an offer for...

Seadrill Ltd., an offshore driller controlled by billionaire John Fredriksen, is seeking to buy 50.1 percent of Sevan Drilling ASA to nix financing plans for the target that it says would destroy shareholder value.

The “keel laying”of Dana Petroleum’s new $400 million floating, storage, production and offloading vessel (FPSO) has commenced today, but then again, if a vessel is cylindrical, does it really have...

Sevan Marine ASA signed an agreement today to sell the semi-completed Sevan hulls number 4 and 5 to Singapore-based Logitel Offshore, a newly formed company established for the purpose of...

In a release this morning, Sevan Marine told reporters that their FPSO Voyageur Spirit is nearing first oil at the Huntington Field in the UK sector of the North Sea. All...

COSCO Nangtong and Qidong Shipyards won a USD $370 million FPSO newbuild order yesterday from Dana Petroleum to build a Sevan FPSO for the Western Isles project, an oilfield located 500 kilometers...

Following shipyard upgrades to the Sevan Marine FPSO “Voyageur Spirit” at the Nymo upgrade yard at Eydehavn, Norway, the vessel  has since departed under tow to the Huntington Field in...

Following more than a year of front end engineering and development work, Sevan Marine announced today that Dana Petroleum has chosen their proprietary FPSO technology and technical expertise for implementation...

In 2001, Sevan Marine established itself in Norway and began the research and development of cylindrically-shaped FPSO designs. It was a revolutionary new idea.  Historically, single hulled VLCCs which had...