Aker Kvaerner Completes Offshore SRU
Aker Kvaerner has completed its two first offshore Sulphate Removal Units (SRU) commissioning in Brazil. The work has been executed by the Aker Kvaerner subsidiary Aker Kvaerner Process Systems , who is a major supplier of water injection and SRU including services, successfully completed the SRU commissioning on Petrobras FPSO P50 with a capacity of 220,000 BPD of low sulphate water at the end of April 2007. This unit is the first delivered by Aker Kvaerner Process Systems to the Brazilian market. In parallel, Aker Kvaerner Process Systems completed the commissioning of the second SRU supplied to the FPSO MV14 (FPSO Cidade do Rio de Janeiro) operated by MODEC, with a capacity of 120,000 BPD of low sulphate water. Performance guarantee testing was approved by the client.
Aker Kvaerner to Deliver Process Tech
Aker Kvaerner has signed a contract for delivery of equipment and modifications to Aker Floating Production's SMART 1 Floating Production Storage Offloading (FPSO) vessel. This new contract is an amendment to a contract awarded in November 2006 for both SMART 1 and 2 vessels. The scope of work which will be undertaken by the Aker Kvaerner subsidiary Aker Kvaerner Process Systems includes delivery of two separation modules, one utility module and two skids for the flare system. The modules will be fabricated in Dubai and installed on the FPSO in Singapore. The delivery from Aker Kvaerner is expected in third quarter of 2007. Engineering, procurement and fabrication follow-up is carried out by Aker Kvaerner's Process Systems office in Oslo.
Løken Named CEO at 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 left Kvaerner for a position at Aker Energy. Kvaerner's EVP & CFO Idar Eikrem will continue as interim CEO until Løken steps into the role this spring after ending his current position as head of Project Development for Lundin Norway. Since 1991, Løken has held positions in the oil and gas industry for companies like Statoil, Aker Solutions and Lundin Norway.
Aker Kvaerner to Deliver Process Systems to MODEC
Aker Kvaerner has signed a contract with MODEC International LLC for delivery of process modules for a floating production facility (FPSO). The total contract value for Aker Kvaerner is approximately $13m. The scope to be performed by the Aker Kvaerner subsidiary, Aker Kvaerner Process Systems, will be engineering, procurement, construction, assembly, test and delivery of Aker Kvaerner's sulphate removal unit (SRU) and deaerator system. Engineering will be executed from the office in Oslo, Norway. Construction, assembly and testing will be carried out at Aker Kvaerner's new manufacturing facility in Port Klang, Malaysia. This will be…
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, the contract covers the delivery of a process simulator, as well as integrated engineering for Aker Kværner. This contract requires the extensive use of so-called 'integrated operations', a technology and work process which make it possible to monitor and control large parts of the offshore operations from onshore.
Aker Kvaerner Gets Contract for DeepStar Study
DeepStar, a group consisting of 10 leading deepwater operators, has awarded Aker Kvaerner a contract for a study to develop a semisubmersible production platform for use in coming ultra-deepwater field developments. The study was won in competition with a number of deepwater floater expertise contractors, and Aker Kvaerner was awarded the contract based on the company's leading experience with deepwater floaters. DeepStar wants to get a credible solution for future developments in ultra-deep water depths down to 10 000 feet. In addition to the development of the floating platform itself, the scope includes other critical aspects such as design of the risers that will bring the oil and gas from the well to the surface. It also includes installation methods for mooring systems and risers.
Aker Kvaerner Awarded Subsea Booster
Statoil has signed a letter of intent with Aker Kvaerner to deliver a subsea seawater injection system for the Tyrihans project in the Norwegian Sea. The new generation pumps are expected to increase oil production from the Tyrihans field by 10%. The subsea pumps will be the world's largest and installed at longest stepout. Aker Kvaerner Subsea will supply two subsea injection pumps to be installed more than 40 kilometres from the Kristin platform where the oil and gas will be processed. The pumps will feature Aker Kvaerner's own LiquidBoosterTM technology and will inject raw sea water for pressure support and stabilisation of the oil zone. Aker Kvaerner will manufacture the pump system at its facility in Tranby in Norway for delivery in the third quarter of 2008.
Aker Kvaerner Partnership Wins LNG Contract
Aker Kvaerner in joint venture (50/50) with Ishikawajima-Harima Heavy Industries (IHI) was awarded a contract for the engineering, procurement and construction of the Ingleside Energy Center regasification terminal in Ingleside, Texas, USA. The contract value to the Aker Kvaerner and IHI joint venture is $665m. The project is expected to take approximately three years to complete, after Ingleside Energy Center elects to issue a Notice to Proceed. Construction is scheduled to begin the first quarter of 2007. The Ingleside Energy Center LNG terminal will be the second large LNG regasification project to combine Aker Kvaerner's expertise…
Aker Kvaerner to Deliver Loading Systems
Aker Kvaerner has recently been awarded several contracts for delivery of advanced loading and offloading systems. One of these contracts comprise the delivery of an advanced offshore offloading system to Lukoil's Varandey platform located at the Peninsula Coast of the Barents Sea. The work is undertaken by the Aker Kvaerner subsidiary Aker Kvaerner Pusnes in Arendal. The offfloading system is designed for extreme low temperature conditions and is the second contract of its kind to Aker Kvaerner Pusnes. Aker Kvaerner Pusnes is the dominant supplier of offshore loading systems in the area and has previously signed contracts and delivered a number of Arctic bow loading systems for shuttle tankers.
Brandal Takes Over as CEO of Aker Kvaerner
Martinus Brandal, former Executive Vice President of Aker ASA assumes the role of president and CEO of Aker Kvaerner, succeeding Inge K. Hansen. Hansen joins Aker ASA as a consultant to the group's management. Martinus Brandal joined Aker in the summer of 2004, and has held a number of Board positions at Aker Group companies. He is very familiar with Aker Kvaerner as a result of being a board member of the company and assisting in developing the strategy that the company has followed in the last two years. He will continue to serve as a board member of Aker Yards. Prior to joining Aker, Brandal was in charge of the Process Automation business area of the ABB industrial group and he has extensive international oil and gas experience. The planned succession of former CEO Inge K.
Kvaerner Launches Aker Kvaerner
Kvaerner, has launched a new company with 18,000 employees in 17 countries and on five continents. The new company, to be known as 'Aker Kvaerner', will supply products, services, technology and solutions worth NOK 20 billion a year to the global oil and gas industry. Aker Kvaerner is the result of a merger between Aker Maritime and Kvaerner Oil & Gas, and forms one of four business areas within the Kvaerner Group. Subsidiaries of Aker Kvaerner have already won contracts totalling NOK 15.5 billion since the start of 2002, almost doubling the Group's order backlog in just over two months. The many companies embraced by the new organisation…
Aker Kvaerner Awarded Drilling Equipment Contract
Aker Kvaerner has signed a contract with Jurong Shipyard Pte. Ltd in Singapore for delivery of a drilling system for one ultra deepwater drilling semi-submersible unit. The total contract value for Aker Kvaerner is approximately $113m. The contract is undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner MH in Kristiansand. The scope of work is to deliver a complete drilling package consisting of engineering, drilling equipment deliveries and subsea equipment. The award is based on the second option included in a contract Aker Kvaerner MH signed with Jurong Shipyard beginning of October 2005. This delivery is an identical copy to previous deliveries to Jurong and will be a highly efficient system designed for parallel operations.
Aker Kvaerner Awarded Contract for White Rose Platform
Aker Kvaerner, part of the international oil services, engineering and construction, and shipbuilding Group, Kvaerner, announced that Husky Energy has awarded the joint venture comprising Aker Kvaerner (49 per cent) and its partner Peter Kiewit & Sons Co. (51 per cent), an EPC contract for the complete topside facilities for the White Rose FPSO, offshore Newfoundland, Canada. The contract has a value of approximately $400 million. The White Rose field will be developed with a production vessel, and the contract is regarded as a major milestone in Aker Kvaerner's strategy, for which the Canadian market is a key geographical area. All engineering…
Aker Kvaerner Gets Drilling Equipment Contract for Samsung
Samsung Heavy Industries Co. Ltd. in Korea has awarded Aker Kvaerner a contract for delivery of a new drilling rig to Eastern Drilling's West E-Drill project. The project will start immediately at Aker Kvaerner's subsidiary Aker Kvaerner MH, with delivery of the drilling equipment package in the second half of 2007. The new contract was an option in a contract Aker Kvaerner MH signed with Samsung in June 2005, and the scope is similar for both contracts The drilling system will be a highly efficient system designed for parallel operations and operation at remote locations.
Kronodoc, Aker Finnyards Sign Contract
Kronodoc Oy signed a purchase contract with Aker Finnyards Inc., the former Kvaerner Masa-Yards Inc. In addition to the delivery of the Kronodoc product, the contract includes services to implement the Kronodoc product in document management and collaboration functions throughout Aker Finnyards` design processes; to integrate the product to existing yard systems; to migrate data from existing document management systems to Kronodoc; and to train key users and administrators in the use of the system.
Lloyd's Register PED Certification for Aker Kvaerner in Netherlands
Aker Kvaerner Netherlands B.V., trading as AK Process, and part of the Aker Kvaerner Group, has become the first EPC contractor in the Netherlands to be certified by Lloyd's Register as a qualified manufacturer under the European Pressure Equipment Directive. A key benefit of the certification is that it will enable a significant reduction in the involvement of Notified Bodies in assessment and inspection during the engineering and construction phases of projects. As Wim van der Zande, President of AK Process, confirms, "This certification represents an important step in our drive to be a leading centre of project execution excellence for our industry. A core element of our management systems is to ensure proper quality levels on our delivered projects.
Proposed Demerger of Aker Solutions
6 April 2011 - In accordance with the strategy previously disclosed, the Board of Directors of Aker Solutions ASA ("Aker Solutions") has resolved to propose to the shareholders of Aker Solutions that Aker Solutions is to be demerged. • The Aker Solutions group's activities relating to its EPC Centre Houston and the union construction businesses in the United States and Canada. Upon completion of the demerger, consideration shares in Kværner will be issued to the shareholders of Aker Solutions. Each share in Aker Solutions will give the right to one consideration share in Kværner.
Aker Kvaerner has a Breakthrough Order in China
Aker Kvaerner won a contract by China National Offshore Oil Corporation (CNOOC) for delivery of drilling equipment and system for an ultra deepwater drilling semisubmersible unit. The contract value for Aker Kvaerner is approximately $128 million. "This first delivery of drilling equipment systems into the Chinese offshore market is a breakthrough for Aker Kvaerner. We are very pleased that CNOOC has chosen us and are committed to execute this project to a high quality and on schedule," says Mads Andersen, executive vice president in Aker Kvaerner. The contract is undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner MH in Kristiansand. The scope of work is to deliver drilling equipment package, installation and commissioning supervision.
Inge K Hansen Named CEO in Aker Kvaerner
Inge K Hansen has been appointed Group President & Chief Executive Officer (CEO) of the new Aker Kvaerner, one of three groups, which are being created as a result of the restructuring of the current Aker Kvaerner. The new Aker Kvaerner will be a leading industrial player with activities within oil, gas, energy and process. Inge K Hansen's previous position was acting CEO with Statoil, the Norwegian oil company. New CEO in Statoil will be Helge Lund, who until now has been CEO in Aker Kvaerner. Hansen has broad international experience from industry and financial institutions. Before joining Statoil as chief financial officer in 2000, he headed the investment bank Orkla Enskilda where he worked for six years.
Aker Kværner Forms FPSO Operations Entity
Aker Kvaerner and the Norwegian ship owner Aktieselskabet Borgestad ASA established a new company named Aker Borgestad Operations AS, combining expertise within oil field processing and marine operations. The new company will operate oil and gas production vessels on behalf of Aker Floating Production, a company which owns several Floating Production Storage and Offloading (FPSO) units. This business model allows Aker Floating Production to remain focused on developing business, leveraging Aker Kvaerner and Borgestad, which both have operations of assets as part of their core business. The Aker Kvaerner company Aker Kvaerner Operations AS and Aktieselskabet Borgestad ASA will each own 45 per cent of the shares in Aker Borgestad Operations…
CEO Haugan Leaves Kvaerner to Lead Aker Energy
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, Executive Vice President and Chief Financial Officer in Kvaerner, is appointed interim CEO. Haugan has been President & Chief Executive Officer with Kvaerner since its demerger from Aker Solutions and stock listing in the summer of 2011. "Under Jan Arve Haugan's management, Kvaerner has developed into a leading, renowned oil service company with EPC services as our specialty.
Aker Kvaerner Gets Contract
Aker Kvaerner has signed a contract with MPF Corp Ltd. for delivery of drilling equipment to the Multi Purpose Floater (MPF) drillship. The drilling package is designed for world wide, harsh environment and ultra deepwater drilling operations. The contract is undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner MH in Kristiansand. The delivery consists of a complete drilling equipment package; derrick and associated equipment, drillfloor and pipedeck equipment with control system, tensioning systems, mud handling equipment and subsea handling equipment.
Aker Kvaerner to Deliver Pusnes Mooring Equipment
Aker Kvaerner has been awarded a contract for delivery of mooring winches and fairleads for Statoil's Gjøa Semi. The total contract value for Aker Kvaerner. The work will be undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner Pusnes in Arendal. The contract involves supply of on-vessel mooring equipment for Statoils Gjøa Semi to be installed at the Gjøa field in the North Sea. The equipment, Roller Ram Winches and Fairleads for chain are to be delivered and installed at Aker Kvaerner Stord. Sixteen Roller RamWinches and sixteen underwater fairleads will be used to pull in and secure 150 mm chains used in the mooring lines. The equipment is based on Aker Kvaerner Pusnes' major experience in design and manufacturing of winches and fairleads for such kind of platforms.