Kvaerner has signed an agreement with Fornebuporten AS for a long term lease for Fornebuporten – a new headquarters office building which will be built at Fornebu near Oslo. The Fornebu peninsula is a key location for the Norwegian oil and gas industry and the new headquarters gives Kvaerner proximity to partners and customers. The [...]
April 23, 2013 | Posted in
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ExxonMobil Canada Properties has released the option for Kvaerner’s joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS). The contract value for Kvaerner’s share of the full EPC contract is approximately USD 1.5 billion and includes work conducted to [...]
ConocoPhillips has confirmed options in the Eldfisk 2/7 S topside contract for Kvaerner to perform offshore hook-up and commissioning assistance. Estimated value is NOK 400 million. In March 2011, Kvaerner was awarded a contract by ConocoPhillips to perform engineering, procurement and construction (EPC) of the topside for the Eldfisk 2/7 S platform, with an estimated [...]
Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 109 million, including a net positive effect of NOK 42 million from the sale of EPC Center in Houston. Excluding the effect from the sale, the EBITDA margin was 2.8 percent in the quarter. The order backlog amounted to NOK 21 788 million. “The [...]
Lundin Norway AS has confirmed an option in the Edvard Grieg topside contract for Kvaerner to perform the offshore hook-up and commissioning assistance. Estimated value is NOK 525 million (approx. 89 million USD). Kvaerner was in May awarded a contract by Lundin Norway AS to perform engineering, procurement and construction (EPC) of the topside for [...]
September 7, 2012 | Posted in
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Sverre Myklebust has been appointed as Executive Vice President for the Jackets business area and as President of Kværner Verdal A/S. Sverre Myklebust has been acting in the positions since June 2012. He has more than 30 years’ experience from the oil and gas industry and has held various management and project director positions for [...]
This week VOSCF, a joint venture between Sovcomflot and Van Oord, successfully installed a Gravity Based Structure (GBS) for the offshore platform Berkut in the Arkutun Dagi field offshore Sakhalin Island. The GBS was designed and constructed by Kvaerner in the Russian mainland port of Vostochny in Nakhodka, for the Sakhalin 1 Project, operated by [...]
As part of the development of the jackets business towards operational excellence, Nina Udnes Tronstad steps down from her position as Executive Vice President for the Jackets business area and President of Kvaerner Verdal A/S. Senior Vice President Sverre Myklebust will as of today act in both positions until a successor has been recruited. “Nina [...]
June 21, 2012 | Posted in
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Kvaerner is preparing for a significant growth in its home market and invests approximately NOK 250 million (USD 43 million) in upgrades of its facilities at Stord. The major investments will be increased lifting and trailing capacity, including a new Goliath gantry crane. “We have won some major contracts and are preparing for future growth [...]
Kvaerner has received a letter of intent from Lundin Norway AS for engineering, procurement and construction (EPC) of the topside for the Edvard Grieg platform (formerly Luno). The estimated contract value is approximately NOK 8 billion (USD 1.4 billion), excluding options in the contract for offshore hook up and commissioning assistance. Most of the scope [...]
