Sturla Magnus has been appointed new executive vice president (EVP) for Structural Solutions and responsible for Kvaerner's yard at Verdal. He will start in his new position 1 April 2017 at the latest. Previous EVP of Structural Solutions…
There are slim pickings for fabricators in oil and gas sector, but as Steve Hamlen reports offshore wind fabrication has given firms some sustenance. Dudgeon jacket. Photos from Sembmarine SLP…
Statoil has been given approval to carrying out various well activities on the Njord field in the Norwegian Sea, about 130km north of Kristiansund. The Njord field has been developed using a semisubmersible drilling, accommodation and production facility…
Kvaerner can deliver such projects at a cost which is attractive even with oil prices at levels around US$50/bbl, but the timing of new projects remains uncertain, says Norwegian engineering and fabrication group Kvaerner. The firm,…
The first of two shipments of pile clusters and flotation tanks arrived at Kvaerner’s yard at Verdal earlier this week (4 October), which will be installed on the first and largest steel jacket for the Johan Sverdrup projects, currently under construction at Verdal…
US private investment firm Clayton, Dubilier & Rice (CD&R) has appointed former Statoil and BG Group boss Helge Lund as an operating advisor to CD&R's funds. Lund. Image from BG Group/Shell. Lund…
Statoil has contracted Kvaerner for works including preparation and docking of it Njord A semisubmersible production facility under a project framework agreement (PFA) for the upgrade of the facility. The call-off work has an estimated value of US42…
Elaine Maslin profiles Statoil’s project manager technology development and UTC conference moderator Simon Davies. Simon Davies. Photo from Statoil. Over the past three years…
Xodus Group has been awarded a framework agreement by Lundin Norway to provide engineering studies and verification services for its developments on the Norwegian Continental Shelf. The agreement is for four years with potential extension for two years…
Kvaerner's executive vice president and CFO, Eiliv Gjesdal, has decided to step down from the role as CFO as of 6 April 2016. He will work with special tasks until his notice period ends 30 June 2016. 'Gjesdal started as CFO in Kvaerner…
Kvaerner has signed a framework agreement with Statoil, on behalf of partners, for upgrading of the Njord A semisubmersible platform. At the same time, Statoil has made the first call-off from the framework agreement with an estimated value of US$14…
Norwegian engineering and construction firm Kvaerner says it has a healthy backlog but that there are few opportunities for new contracts in 2016 and 2017 looks uncertain. The firm, which only posted a relatively small drop in revenues in 2015…
Statoil has awarded contracts for two Johan Sverdrup jackets to Kvaerner Verdal and Dragados Offshore. The contract awarded to Kvaerner Verdal has a value of approximately US$122.8 million (NOK 1 billion) and covers engineering, fabrication…
Spanish yard Dragados Offshore and Norway’s Kvaerner Verdal have won the latest construction contracts on the Johan Sverdrup mega-project. Statoil, operator on the multi-million dollar development, in the Norwegian sector of the North Sea…
Statoil and the Johan Sverdrup partnership awarded Kværner Verdal a contract for the delivery of the steel jacket for the drilling platform, marking the execution of the letter of intent singed by the two companies for the delivery of the two jackets…
