Aker Kvaerner Awarded Mooring Systems Contracts
Aker Kvaerner has recently been awarded contracts for the delivery of advanced mooring systems with a total contract value of $29.5m. The contracts comprise deliveries both to the offshore and marine industry. The work is undertaken by the Aker Kvaerner subsidiary Aker Kvaerner Pusnes in Arendal. The awards include delivery to the two advanced Aker Drilling H6e semi-submersible rigs to be built at Aker Kvaerner Stord and to five deepwater semi-submersible rigs to be built at Jurong's shipyard in Singapore. Manufacturing of the equipment will take place in Europe and Asia. The delivery dates are scheduled from 2007 to 2009.
Aker Kvaerner Awarded contracts for Arctic Shuttle Tankers
Aker Kvaerner has been awarded contracts from Russian Admirality Shipyards to supply equipment for two shuttle tankers destined to operate in Arctic waters. The contracts include bow loading systems and complete mooring and emergency towing systems. The equipment is designed for the extreme low temperature conditions in the Arctic areas. The vessels are being built for the Russian Shipowner Sovcomflot to service the Prirazlomnaya field in the Pechora sea.
Letter of Intent Signed with Aker Kvaerner on Gjoa Field
Aker Kvaerner has awarded Kongsberg Maritime a Letter of Intent for integrated control systems for safety and process automation on board a semi-submersible production platform destined to be used on the Gjoa oil and gas field in the North Sea. Aker Kværner will be building the platform deck, attaching it to the hull and preparing the platform for operation. Gaz de France Norway will be operator of the field. Besides safety and automation systems
Aker Kvaerner Wins Contract in Vietnam
Aker Kvaerner has been awarded a five year contract by Cuu Long Joint Operating Company (CLJOC) for the supply and installation of surface wellheads and valve trees in the Vietnamese Cuu Long Basin. Aker Kvaerner's business area Subsea will supply the wellhead and control tree system as well as associated components. The equipment will be used to support the new Sutu Vang (Golden Lion) and Sutu Den (Black Lion) fields of the Cuu Long Basin.
Aker Kvaerner Signs Agreement with Woodside
Aker Kvaerner has signed a frame agreement with Woodside Petroleum Ltd to become the Australian oil and gas giant's preferred supplier of steel tube umbilicals. The contract could be worth between NOK 150 - 200 million annually. The frame agreement is awarded for a three year period with optional periods of one + one year and has the potential to support Woodside Petroleum Ltd with its proposed LNG developments.
Aker Kvaerner $130m Contract from Daewoo Shipbuilding
Norwegian oil services group Aker Kvaerner said it has been awarded a drilling equipment contract from Daewoo Shipbuilding & Marine Engineering Co in Korea for an ultradeep drillship. Aker Kvaerner said the total contract is worth about $130m. The group said it will deliver a drilling equipment package including installation and commissioning supervision. The drillship is scheduled for delivery in the third quarter of 2011.
Dow Awards Aker Kvaerner Contract
The Union Carbide Chemicals & Plastics Technology Corporation (UCCPTC), a subsidiary of The Dow Chemical Company, has awarded Aker Kvaerner an engineering contract to assist in the development of process design packages and extended process design packages for two Ethylene Oxide/Ethylene Glycol (EO/EG) plants that will use the METEOR(TM) LEC EO/EG technology. The plants will be built in the People's Republic of China by subsidiaries of Sinopec under a license from UCCPTC
Aker Kvaerner Acquires Drilling Technology Company
Aker Kvaerner has signed an agreement for acquisition of 50 percent of the shares in the German company Wirth Maschinen- und Bohrgeräte-Fabrik GmbH (Wirth) with an option to buy the remaining shares within the next years. Wirth is a quality supplier of drilling equipment such as mud pumps, drawworks and components for top drives. In addition the company provides tunnel and foundation boring machines for infrastructure projects and products for the mining and processing industries.
Aker Kvaerner and Statoil Sign Agreement
Aker Kvaerner has signed a letter of intent with Statoil ASA to enter a five-year frame agreement for the delivery of subsea production systems and related operational services. The agreement will make Aker Kvaerner's subsea division a preferred supplier to deliver complete subsea solutions to Statoil's new field developments as well as additional equipment to new and existing fields. The frame agreement for aftermarket services is valid for new fields.
Kværner Wins GBS Offshore Newfoundland Contract
Kvaerner Contractors to provide engineering, procurement & construction (EPC) services for the Hebron Project gravity based structure (GBS). 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
Aker Solutions Secures Work for Njord A Upgrade
Aker Solutions will provide design engineering for the upgrading of the semi-submersible Njord A platform in Norway. The company will as a subcontractor of Kvaerner take part in upgrading the platform after operator Statoil exercised an option in an agreement awarded in April 2016. The option is for work in the engineering, procurement and construction phase of the project. Aker Solutions' share of the work is valued at about NOK 1 billion and will be booked in the company's first-quarter
Norsafe Lifeboat Systems Ordered for Njord A Platform
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, the GES 52, with compatible davits. The lifeboat systems are built according to SOLAS and DNV-OS-E406, and although the products were developed just a few years ago, they have already been delivered to many installations worldwide
Kvaerner Lifts 2017 Forecast
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, oil companies, have reported forecast-beating earnings so far in this quarter, helped by a 55-percent jump in oil prices from a year ago, including Norwegian major Statoil last week. "Since the oil price started a decline in 2014
Uotinen Joins Robert Allan Ltd.
Sami Uotinen will join naval architecture firm Robert Allan Ltd. on October 1, responsible for European Business Development initiatives, operating from Turku, Finland. Uotinen, a graduate naval architect, joins Robert Allan Ltd. from Rolls Royce, where he has worked since 2000, most recently as North American Sales Manager for Z-Drive propulsion. He has also held positions at Aquamaster, Kamewa and Kvaerner Masa Yards.
Fuel-saving Upgrades for 11 Odfjell Tankers
Upgrade packages ordered for Odfjell Tankers fuel-saving upgrade package with Kappel technology to optimize propulsion efficiency and lower fuel consumption of 11 vessels MAN Diesel & Turbo’s Propeller & Aft Ship organization has won an order to retrofit and upgrade a series of 11 × 37,500 dwt vessels from the Odfjell chemical tanker fleet. The vessels are of the Kværner Class and are due to dock during 2015-17, at which time the upgrades will be implemented
Drydocks World Highlights Capabilities at Nor-Shipping
Drydocks World, provider of maritime and offshore services to the shipping, oil, gas and energy sectors, showcased its global services, projects and infrastructure to an international audience at the 50th Nor-Shipping Exhibition in Oslo from June 2-5, 2015. Drydocks World highlighted the UAE’s maritime position, disseminating information on the company’s capabilities and exploring future prospects in the Scandinavian market.
Samsung Bags Order for Decks on Johan Sverdrup
Statoil, on behalf of the Johan Sverdrup license, has awarded Samsung the contract for decks for both the process and riser platforms. The total contract value is NOK 7 billion. The contract is a fabrication contract (FC) of decks for the process and riser platforms. Aker Solutions has previously been awarded engineering work and purchase of equipment packages for the two aforementioned decks.
Samsung Wins $890 mln Statoil North Sea Contract
Norwegian oil major Statoil has awarded Samsung Heavy industries an $888 million contract for two platform decks on the giant Johan Sverdrup field in the North Sea, it said on Tuesday. The contract includes fabrication of decks for both the process and riser platforms for the Sverdrup field, a discovery with up to 3 billion barrels of oil equivalents that will cost as much as $28 billion to develop fully. "They (Samsung Heavy Industries) have provided a competitive bid in a
Kværner Reports Robust Performance
Growing order intake and activity level in a challenging market. Kvaerner's order intake in the second quarter was NOK 5 674 million, an increase from NOK 5 360 million in the same quarter last year. The company has also continued the high activity level with revenues for the quarter of NOK 3 125 million, an increase of 9 percent from the corresponding quarter last year. Kvaerner has a positive net cash position, a situation that is a particular strength in the current market
Dividend Changes as Kvaerner Q2 Earnings Beat Street
Norwegian oil services firm Kvaerner posted forecast-beating second-quarter core profit and lifted its 2015 revenue outlook, but also trimmed its dividend policy to reflect the weak oil market's impact on future earnings. The Oslo-listed firm, which builds large structures like platforms, is facing fierce competition as oil firms cut costs because of the slump in oil prices. "The industry is facing a challenging market, probably the most challenging market in 15 years
Kværner ASA in Board Changes
Trine Sæther Romuld has informed Kværner ASA that she resigns from her position as non-executive Director and Chair of the Board's Audit Committee of the Company with immediate effect. This is due to change in employment to a position without opportunity to hold directorships. According to Kværner ASA's Articles of Associations, the Board of Directors shall consist of six to ten members. Following the resignation of Ms Romuld
Kværner Verdal AS Selects AVEVA Bocad
Press release - Kværner Verdal AS has selected AVEVA Bocad Steel and AVEVA Bocad Offshore for use at its design and fabrication yard in Verdal, Norway. Kværner required a specialized structural steel design solution that provided out-of-the box functionality and powerful integration. Through the use of AVEVA Bocad Offshore, Kværner benefits from software that is specifically created for the design, detailing and fabrication of all forms of offshore steel structures
ALMACO Wins Statoil Order for 450 Cabins
ALMACO Group was awarded the contract to build 450 NORSOK-compliant Modular Cabins for Statoil’s Johan Sverdrup fixed platform at Apply Leirvik’s yard in Stord, Norway. ALMACO’s delivery will consist of modular cabin deliveries to Apply and Kvaener in Stord, and to Emtunga in Sweden, prior the Living Quarter blocks being transported to Kvaerner for integration. ALMACO’s scope of work for this project includes the supply of 450 NORSOK-compliant modular
Increased Norwegian Content for Johan Sverdrup Platform
Today, Kvaerner and its sub-contractors cut the first steel plates for the utility- and living quarters (ULQ) topside for the Johan Sverdrup field. The topside construction starts on schedule and budget. The Johan Sverdrup development is being executed with a high degree of Norwegian value creation. Kvaerner's efforts to improve competitiveness have resulted in a large portion of the work for the ULQ platform to be executed in Norway
Aker Wins Hook-Up Deal for Johan Sverdrup Field
Aker Solutions won a contract from Statoil for the hook-up of the riser platform for the Johan Sverdrup field, Norway's largest offshore development in the past three decades. The company will work closely with subcontractor Kvaerner on joining together the platform's seven modules, which will be transported to Norway in the second quarter of 2018. The scope also covers planning, management and prefabrication. The contract value is approximately NOK 900 million and will be split about