MGN Magnora ASA

[Aksjetips]

Magnora ASA (MGN). The business of Magnora ASA is to deliver products and services to the energy industry and activities related to this, as well as investing in other companies. (Source: Magnora ASA).

Hjemmeside: www.magnoraasa.com

Tidligere navn: Sevan Marine ASA (SEVAN).

MGNa

 

[Aksjetips]

SEVAN MARINE ASA - Third quarter 2017 results

Oslo, November 21st 2017, Summary and highlights from Sevan Marine's third quarter 2017:

-Operating revenue was NOK 12.8 million in the third quarter and mainly related to engineering activity on the ExxonMobil FLNG, Goliat, Dana Western Isles and HiLoad FRD Regas projects. Adjusted EBITDA, excluding one-off items, was NOK -7.6 million, up from NOK -8.9 million in second quarter.

-Excluding one-off items, operating costs in the quarter improved a further NOK 1.6 million versus the previous quarter. Total costs, including one-off items, increased by NOK 13.5 million compared to second quarter 2017 to NOK 39.4 million. These costs include NOK 19.0 million related to restructuring, legal fees and an accounting loss related to the Logitel arbitration settlement.

-A settlement agreement with Logitel Offshore Pte Ltd and Teekay Offshore Partners LP was entered into in October 2017. Sevan Marine ASA received payment of USD 4.5 million (NOK 35.7 million) as full and final settlement of the Fourpartite Agreement dispute.

-Sevan Marine is in a solid financial position. The company has no interest bearing debt, is in a net cash position of NOK 161.6 million and has an equity ratio of 87 percent.

"In Q3 we were able to maintain stable revenue while continuing to improve our cost base. With the settlement of the Fourpartite Agreement dispute we have also put yet another legacy issue behind us. The company now has both the cost structure and balance sheet to benefit from an improving market.", says Reese McNeel, CEO of Sevan Marine.

 

[Aksjetips]

Sevan Marine taper mer penger - hegnar.no

Nedturen fortsetter for Sevan Marine, men melder om bedre utsikter til lisensinntekter.

Sevan Marine melder om et resultat etter skatt på minus 30,1 millioner kroner i 3. kvartal 2017, mot minus 4,0 millioner kroner i samme periode året før.

 

[Aksjetips]

Pressemelding fra Sevan i dag:

21.11.2017 14:50
SEVAN MARINE Western Isles FPSO First Oil

Sevan Marine ASA would like to congratulate Dana Petroleum on the achievement of first oil from the Dana Western Isles FPSO. The Sevan Marine based FPSO built in China brings the total number for Sevan Marine cylindrical units operating in the UK North Sea to three, including the Teekay Offshore Partners owned and operated Hummingbird and Voyaguer Spirit FPSOs.

"It is great to see the Western Isles FPSO achieve first oil. A large round of applause goes out to all those who have worked so hard to reach this point," says Reese McNeel, CEO of Sevan Marine ASA. He continues: "It is exciting to see yet another Sevan Marine cylindrical FPSO working in the North Sea. I am confident that this is just the start of what will be a number of new cost effective, Sevan Marine designed FPSOs in the coming years."

Sevan Marine ASA is entitled to USD 0.5 per barrel produced and exported from the Western Isles FPSO. Sevan Marine ASA expects to start receiving income in late Q4 2017 or early Q1 2018 depending upon Production.

 

[Aksjetips]

Sevan bekrefter milepæl - hegnar.no

Shell har kunngjort den endelige investeringsbeslutningen for Penguins-feltet i britisk sektor i Nordsjøen mandag.

Som en følge av det vil Sevan Marine motta en initiell milepælbetaling, etter at investeringsbeslutningen innebærer bygging av en Sevan Marine-designet FPSO.

 

[Aksjetips]

Børsmeldingen, jamfør ovenfor:

15.01.2018 12:30
SEVAN MARINE - Shell Penguins field redevelopment contract

Shell has announced the final investment decision for the Penguins field redevelopment project in the UK sector. The decision includes the construction of a new-build Sevan Marine designed cylindrical FPSO.

With the final investment decision, Sevan Marine will receive an initial milestone payment. Further payments are subject to three future milestones. Sevan Marine will also continue to provide engineering support during the construction of the unit over the next 3 to 4 years.

This final investment decision marks yet another major milestone for the Sevan Marine cylindrical concept. The selection of the concept is a very strong endorsement of the concept as a low cost, viable alternative to traditional ship-shaped FPSOs. The Penguins FPSO will be the 6th Sevan Marine designed cylindrical FPSO to be built.

"I would like to congratulate all those who have worked so hard at Shell and Sevan Marine on making this final investment decision milestone a reality. Together with the recent start-up of the Dana Petroleum operated Western Isles FPSO in the UK and cost reductions taken, we have come a long way in turning around Sevan Marine. We look forward to fully supporting the construction of the Penguins FPSO while further developing the Sevan Marine concept and winning new projects." says Reese McNeel, CEO of Sevan Marine ASA.

 

[Aksjetips]

Her er Sevan Marine-tallene - hegnar.no

Sevan Marine melder om et resultat etter skatt fra videreført virksomhet på minus 8,5 millioner kroner i 4. kvartal 2017, mot minus 9,7 millioner kroner i samme periode året før.

 

[Aksjetips]

Økokrim henlegger korrupsjonssak av Sevan Marine og Sevan Drilling

Var mistenkt for bestikkelser i Brasil. Nå er saken henlagt etter «bevisets stilling».

Økokrim har henlagt korrupsjonsetterforskningen av Sevan Drilling ASA, Sevan Marine ASA og en tidligere leder i Sevan Marine ASA, skriver Økokrim i en melding fredag.