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.