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Corporation
ENERGY & UTILITIES | Oil & Gas Production & Exploration
kvaerner.com

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Partners & Customers

10

About Kvaerner

Kvaerner has offices and fabrication facilities in several of the world's main oil and gas regions. The Kvaerner brand is associated with some of the world's most advanced technologies, providing customers with maximum oil and gas production.On July 17th, 2020, Kvaerner merged with Aker Solutions.

Kvaerner Headquarter Location

Oksenøyveien 10

Lysaker, NO-1366,

Norway

47 21 08 90 00

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Latest Kvaerner News

Aker Solutions ASA: Buy-Back of Own Shares to Meet Obligations Arising From Incentive Programs

May 6, 2021

The obligation to honor share allocation in the programs was transferred from Kvaerner to Aker Solutions as part of the merger of the companies on November 10, 2020. Participants in the programs are entitled to receive a total of 1,572,919 shares in Aker Solutions. 466,249 shares will be allocated in May 2021 and 1,106,670 shares, subject to no resignations, will be allocated in May 2022. A third-party investment broker firm will under an irrevocable mandate issued by Aker Solutions, in accordance with the regulations on market abuse and technical standards, buy a total of 1,572,919 shares in the open market and handle onwards allocation to eligible participants in the two incentive programs. Under the mandate, the investment broker will make its own trading decisions and handle the allocation independently of, and uninfluenced by, Aker Solutions. The share purchases are expected to be finalized no later than end of June 2021 and are subject to statutory stock exchange disclosures. Aker Solutions’ current holding of 101,636 own shares will not be used to fulfil allocation under the two incentive programs. ENDS Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 14,000 people in more than 20 countries.

Kvaerner Partners & Customers

10 Partners and customers

Kvaerner has 10 strategic partners and customers. Kvaerner recently partnered with DOF Subsea on September 9, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

9/14/2021

Partner

Norway

DOF Subsea contract for Hywind Tampen is a strategic breakthrough

DOF Subsea and Kværner has entered into a 50/50 joint venture to deliver Hywind Tampen marine operations .

1

9/30/2020

Client, and Vendor

Norway

DOF Subsea contract for Hywind Tampen is a strategic breakthrough

DOF Subsea and Kværner has entered into a 50/50 joint venture to deliver Hywind Tampen marine operations .

1

6/30/2020

Client

Canada

1

6/10/2020

Client

Norway

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10

3/4/2020

Partner

Norway

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10

Date

9/14/2021

9/30/2020

6/30/2020

6/10/2020

3/4/2020

Type

Partner

Client, and Vendor

Client

Client

Partner

Business Partner

Country

Norway

Norway

Canada

Norway

Norway

News Snippet

DOF Subsea contract for Hywind Tampen is a strategic breakthrough

DOF Subsea and Kværner has entered into a 50/50 joint venture to deliver Hywind Tampen marine operations .

DOF Subsea contract for Hywind Tampen is a strategic breakthrough

DOF Subsea and Kværner has entered into a 50/50 joint venture to deliver Hywind Tampen marine operations .

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Sources

1

1

1

10

10

Kvaerner Team

10 Team Members

Kvaerner has 10 team members, including former Chief Executive Officer, Odd Rune Turvoll.

Name

Work History

Title

Status

Odd Rune Turvoll

Chief Executive Officer

Former

Kjell Karlsen

President

Former

Laurent Amat

Chief Financial Officer

Former

Steffen Føreid

Hoegh LNG Partners, Hoegh LNG, Grenland Group, and J.P. Morgan Chase & Co.

Executive Vice President

Former

Antti Pankakoski

Executive Vice President

Former

Name

Odd Rune Turvoll

Kjell Karlsen

Laurent Amat

Steffen Føreid

Antti Pankakoski

Work History

Hoegh LNG Partners, Hoegh LNG, Grenland Group, and J.P. Morgan Chase & Co.

Title

Chief Executive Officer

President

Chief Financial Officer

Executive Vice President

Executive Vice President

Status

Former

Former

Former

Former

Former

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