Aker Solutions, Kværner merger : Norwegian oilfield service companies Aker Solutions and Kværner are considering a merger of equals to create an optimized supplier company. In this connection, the parties have entered into a merger plan. The combined entity, which will operate as Aker Solutions, is expected to gain a stronger position as an execution […]
Norwegian engineering company Kvaerner has bagged a contract of around NOK 3.8 billion ($ 481 million) related to the Johan Castberg project in offshore Norway from Statoil. Under the contract, Kvaerner will construct and install the topside structure for the floating production, storage and offloading vessel (FPSO) of the offshore oil and gas project located […]