Wednesday, July 15, 2020

Kvaerner News

Aker Braces for Oil Price to Stay Low for Long

Oeyvind Eriksen - Credit; Aker Energy

Aker ASA, a major investor in Norway's oil and oil service industries, is preparing its businesses for an extended period of low crude prices, its chief executive said on…

EU Funds Floating Wind Turbine Project in Norway

Illustration - Credit: Olav Olsen

The European Union has granted funds to an international consortium led by Spain's Iberdrola, to install and test a floating wind turbine in Norway.Norwegian Offshore Wind…

Nel, Kvaerner Pact on Green Hydrogen

Image: Nel ASA

Norwegian renewable energy firm Nel ASA has entered into a strategic agreement with the compatriot  engineering and construction services company Kværner to collaborate…

Kvaerner to Pay First Dividend Since 2015

(Photo: Sydvest / Kvaerner)

Oil platform builder Kvaerner on Tuesday unexpectedly proposed its first dividend since 2015 and said it may make another such payment later this year, sending its shares…

Kvaerner to Study Floating Wind Structures

(Image: Helge Hansen / Equinor)

Norway based Kvaerner said it has signed a contract with Norwegian energy company Equinor to study how floating concrete substructures for offshore wind turbines can be…

Johan Castberg Topside Construction Begins

(Image: Equinor)

Norwegian minister of petroleum and energy Kjell-Børge Freiberg cut the first sheet for the topside of the Johan Castberg floating production, storage and offloading unit…

Kvaerner Wins Sverdrup Jacket Number Four

(Image: Kvaerner)

Norway's Equinor has awarded a NOK 900 million ($107 million) contract to local contractor Kvaerner for delivery of the steel substructure for the Johan Sverdrup Phase 2 process platform.The engineering…

Kvaerner Eyes Growth, Mergers as Profits Decline

Kvaerner, a Norwegian builder of oil platforms, aims to increase its revenue by some 40 percent by 2022 by expanding abroad, the company said on Tuesday after reporting a sharp decline in third-quarter earnings

Aker Solutions Bags Work On Johan Sverdrup Offshore Norway

Photo: Equinor

Aker Solutions has, in collaboration with Kvaerner, secured additional hook-up and commissioning work for Equinor's Johan Sverdrup field offshore Norway.Equinor has exercised…

Ship Repair: Damen Wins Stena Don Refit Contract

Damen Verolme Rotterdam (DVR) won a contract by Stena Drilling for a refit of its drilling rig Stena Don. The vessel is scheduled to arrive at the yard in October 2018 and…

Life Extension for FSO Njord Bravo

 Conract to Aibel for upgrading of the Njord Bravo floating storage and offloading (FSO) vessel Photo courtesy Statoil

Statoil, on behalf of the Njord license, awarded a NOK 1.3 billion ($168 million) contract to Aibel to upgrade the Njord Bravo floating storage and offloading (FSO) vessel…

Statoil Inks LOI for Johan Sverdrup Phase 2

Statoil signs letters of intent for Johan Sverdrup phase 2 with Aibel and Aker Solutions-Kværner joint venture Image Statoil

Statoil, on behalf of the Johan Sverdrup partnership, signed a letter of intent with Aibel for the construction of the processing platform topside for phase 2 of the project.

Norway Labour Unions Threaten Strike by 35,000 Workers

Image: Credit Aker Solutions

Almost 35,000 private-sector workers organised by Norway's largest labour unions plan to go on strike from April 8 unless a deal is found over wages, pensions and other compensation, the unions said on Tuesday.

Production Floaters Orders Are on the Rebound

© sadagus/Adobe Stock

Fifteen production floaters were contracted in 2017 – 11 FPSOs, two production semis, a wellhead TLP and an FLNG – and the number of deep water projects in the near-term…

Løken Named CEO at Kvaerner

Karl-Petter Løken (Photo: Kvaerner)

Karl-Petter Løken has been appointed President and Chief Executive Officer (CEO) for the international contracting company Kvaerner. Løken succeeds Jan Arve Haugan, who…

Oil Producer Norway Starts Wage Talks to Avert Widespread Strikes

© Elmer Laahne / Adobe Stock

Norwegian employers and labour unions embarked on four weeks' of wage talks on Monday to stave off widespread strikes that risk impacting output in western Europe's biggest crude producer.

Aker Solutions, Kvaerner mull 2017 M&A

Norwegian billionaire investor Kjell Inge Roekke aims to change the ownership of one of more of his companies in the oil services industry this year, he wrote in his annual letter to shareholders on Friday.

Norsafe Lifeboat Systems Ordered for Njord A Platform

Photo: Norsafe

Norsafe has received orders from Kværner relating to the delivery of new lifeboat systems to Statoil’s Njord A platform. Norsafe will supply three lifeboat systems of its largest freefall lifeboat…

Kvaerner Lifts 2017 Forecast

File Image (CREDIT: AdobeStock / (c) Nightman)

Kvaerner, the Norwegian builder of oil platforms, lifted its 2017 outlook on Monday as a slump in the oil sector eased with a year-on-year lift in crude prices. Kvaerner's clients…

CEO Haugan Leaves Kvaerner to Lead Aker Energy

Jan Arve Haugan (Photo courtesy Kvaerner)

Jan Arve Haugan resigns as President & CEO of Kvaerner, and from March 1, 2018, he will start his new role as CEO of the newly established oil company Aker Energy. Idar Eikrem…