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Sevan Marine says Luxor now controls 28%
 Sevan Marine has revealed that US financial institution Luxor Capital says it now controls 28% of the Norwegian oilfield services group, after having exercised its right to buy 24 million convertible bonds.
Luxor said in a statement that the bonds could be converted into 45.9 million Sevan Marine shares, which equates to 23.41% of the Norwegian's equity.
Luxor added that in addition it also held the equvialent of 4.59% of Sevan Marine's shares - or an additional 8.99 million shares.
"Following this acquisition Luxor holds... 28% of the outstanding shares of Sevan," the US fund said in a statement.
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Shell to pay out over Nigeria caseOil giant Royal Dutch Shell PLC is to pay out £9.7m ($15.5m) to settle a lawsuit over its alleged complicity in the 1995 execution of several Nigerian environmental activists, the UK Press Association and British media reported.
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