Aker Kvaerner
San Ramon, CA 94583
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PetroChina Fushun Selects Dow and Aker Kvaerner for PP Project in China
MIDLAND, Mich. and OSLO, Norway, 13 February 2008 - PetroChina Petrochemical Company has selected Dow's UNIPOL(TM) Polypropylene Process Technology for its new 300 KTA polypropylene facility, and Aker Kvaerner will provide the extended process design package and technical advisory services. The plant will be built in Fushun, Liaoning Province, The People's Republic of China, and is scheduled for...
Read More »Module facilitates oil and gas recovery from subsea fields.
Integrating functionality and instrumentation directly into existing subsea control system, PodEx(TM) optimizes production at brownfield developments, as well as environmental safety. Module utilizes spare subsea electrical circuitry or co-existent power supplies to convey well and reservoir data to topside data acquisition systems for analysis. Scalable unit offers transparent communication...
Read More »Drilling Equipment Contract to Aker Kvaerner
1 February 2008 - Aker Kvaerner has been awarded a drilling equipment contract by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) in Korea for an ultradeep drillship. The total contract value for Aker Kvaerner is approximately USD 130 million. The scope of work is to deliver a complete drilling equipment package including installation and commissioning supervision. The contracts will be...
Read More »Aker Kvaerner Secures North Sea Framework Agreement with Shell
18 January 2008 - Aker Kvaerner has signed a five-year partnership agreement with Shell U.K. Limited and A/S Norske Shell ('Shell') covering the provision, installation, commissioning and life-of-field support of subsea control systems in the North Sea. The framework agreement is signed for an initial five year period, with five optional one-year extensions. It could be worth between GBP 20 and...
Read More »PetroChina Fushun Selects Dow and Aker Kvaerner for PP Project in China
MIDLAND, Mich. and OSLO, Norway, 13 February 2008 - PetroChina Petrochemical Company has selected Dow's UNIPOL(TM) Polypropylene Process Technology for its new 300 KTA polypropylene facility, and Aker Kvaerner will provide the extended process design package and technical advisory services. The plant will be built in Fushun, Liaoning Province, The People's Republic of China, and is scheduled for...
Read More »Aker Kvaerner Wins Contract for Modification of Statoilhydro Troll C Platform
13 February 2008 - StatoilHydro has awarded Aker Kvaerner a contract for modifications of the Troll C platform. The object of the Troll low pressure production (LPP) is to facilitate increased oil recovery on Troll West called long term production . The contract is a full EPCI contract covering all engineering disciplines. The contract value is approximately NOK 450 million and project completion...
Read More »Aker Kvaerner Invests in Expansion and Relocation of Specialised Technology Shop
18 February 2008 - Aker Kvaerner ASA, the Norwegian engineering powerhouse has announced its commitment to further invest in its Process & Construction business by relocating and expanding the company's technology fabricationarm; Aker Kvaerner Chemetics in Toronto, Canada. The new state-of-the-art fabrication shop, to be built in Pickering, Ontario, just east of Toronto, represents an investment...
Read More »Module facilitates oil and gas recovery from subsea fields.
Integrating functionality and instrumentation directly into existing subsea control system, PodEx(TM) optimizes production at brownfield developments, as well as environmental safety. Module utilizes spare subsea electrical circuitry or co-existent power supplies to convey well and reservoir data to topside data acquisition systems for analysis. Scalable unit offers transparent communication...
Read More »Aker Kvaerner Acquires 3D Drilling Simulation and Visualisation Company
14 February 2008 - Aker Kvaerner has acquired a majority shareholding in the Norwegian company First Interactive AS. The agreement includes an option to buy the remaining shares. Aker Kvaerner is recognised for its development of innovative deepwater drilling technologies, satisfying the industry's requirements for efficiency, safety and operability. Acquisition of this technology and competence...
Read More »4th Quarter and Preliminary Annual Results 2007 - Best Year Ever
o Record high financial performance: o Revenue increased by 15 % o EBITDA increased by 36 % o EPS increased by 95 % o Strong cash flow of NOK 2.7 billion from operations o Record setting profit in Subsea and P&T o Strong performance and positive outlook for P&C o Continued strong markets in all industries o Dividend proposal of NOK 3 per share o Financial guidance: o Revenues of NOK 58-60 billion...
Read More »Aker Kvaerner Acquires Engineering Company and Sells Off Shares in Russian Yard
13 February 2008 - Aker Kvaerner has entered into an agreement which gives full ownership of Finnish RR Offshore and ends the co-operation between Aker Kvaerner and it's former Russian partner ST Holdings. As part of the agreement, Aker Kvaerner sells its shares in the Astrakhan Korabel yard to ST Holding. The parties have agreed to not disclose any transaction values. RR Offshore OY is a Finnish...
Read More »Aker Kvaerner Appoints Subsea Aftermarket Boss
15 February 2008 - Aker Kvaerner's Subsea business area has appointed Dave Hutchinson, 40, as its senior vice president for Aftermarket operations. Hutchinson, currently based in Singapore, has more than 20 years' experience in drilling, offshore operations, oilfield services, fabrication, manufacturing and management. He joins from the position of vice president Surface Products & Services, a...
Read More »Drilling Equipment Contract to Aker Kvaerner
1 February 2008 - Aker Kvaerner has been awarded a drilling equipment contract by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) in Korea for an ultradeep drillship. The total contract value for Aker Kvaerner is approximately USD 130 million. The scope of work is to deliver a complete drilling equipment package including installation and commissioning supervision. The contracts will be...
Read More »Aker Kvaerner Secures Framework Contract with INEOS Manufacturing in Germany
29 January 2008 - Aker Kvaerner Germany GmbH has signed a three-year agreement with INEOS Manufacturing Deutschland GmbH to provide engineering services for plants located in Cologne and Marl, Germany. The scope of the agreement covers engineering and design, project management and control services. Procurement, and construction management services, including the coordination and management of...
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