Tag: Kvaerner plc

Long-term solution for Kvaerner

Kvaerner PLC, together with Yukos, a group of Norwegian and international banks, including DnB, Nordea, and Norsk Tillitsmann on behalf of the Norwegian bond and certificate owners, has agreed to propose a complete solution for solving Kvaerner's financial problems.

Crisis at Kvaerner

Kvaerner PLC is continuing negotiations with its creditor banks in order to avert bankruptcy.

Kvaerner president and CEO resigns

President and CEO Kjell E Almskog has informed the board of directors that he wishes to resign, effective 1 November 2001.

Kvaerner to sell activities to Yukos Oil

Kvaerner PLC has reached an agreement in principle to sell Kvaerner Oil & Gas's London-based Hydrocarbons business and Kvaerner Process Technology to Yukos Oil Company of Russia.

Cogentrix selects Kvaerner for USA project

Kvaerner PLC has been selected by Cogentrix Energy for final negotiations of the turn-key engineering, procurement and construction (EPC) contract for an 810mw power facility being developed by Cogentrix outside Bedford, Indiana, USA.

Kvaerner wins Sleipner compression project from St

Kvaerner PLC has won a contract to upgrade Statoil's Sleipner Vest installations.

Kvaerner to manage power project in Brazil

Kvaerner PLC has won a USD 40 million engineering, procurement, and construction management contract for the installation of cycle gas turbines at a power plant, located near Rio de Janeiro, Brazil.

NMVOC recovery plants from Kvaerner

Kvaerner plc has received a letter of intent from Statoil and Navion for the supply of three non-methane volatice organic compounds (NMVOC) recovery plants, worth a combined total in excess of USD 17 million.