McNeel to Replace Lieungh as Sevan Marine CEO
Carl Lieungh will step down as CEO of Sevan Marine ASA effective January 1, 2017. The company’s board of directors has appointed current CFO Reese McNeel to take up the CEO role while continuing to carry out the CFO function. Under the agreement reached between Lieungh and the board, Lieungh will step down as CEO but will continue as an advisor to the board of directors with responsibilities related to various tasks within the group until the end of 2017.
Bream FEED Contract for Sevan Marine
Premier Oil Norway AS has awarded Sevan Marine a FEED (Front End Engineering and Design) contract for the hull and marine systems of a Sevan type cylindrical FPSO for operation on the Premier Oil operated Bream field in the Norwegian Central North Sea. CEO Carl Lieungh comments: “We are both proud and pleased to receive this FEED contract, demonstrating Premier Oil’s continued confidence in our technology.”
NCA Acquires More IOS Offshore Shares
Norse Cutting & Abandonment AS (NCA) has acquired an additional 21% of mooring specialist IOS Offshore, bringing its total engagement up to 91%. IOS Offshore (IOS) offers rental, sales and service of specialized mooring and lifting equipment. The company has several bases along the Norwegian coast and delivers chains, buoys, mooring lines, anchors and lifting equipment to oil companies and rig operators. Their main office is located in Dusavik outside Stavanger. ”Since IOS became part of the NCA Group two years ago, the company has had a very positive development, both in terms of organizational development as well as delivering results.
