Norway: Unions, Employers Agree Wage Deal, Averting Strike
had warned that a strike amid the COVID-19 pandemic could have resulted in further damage to an already fragile economy and put the future of many companies at risk.Among the firms that would have been affected by a strike were Aker Solutions, Nexans, Norsk Hydro, Kitron, Kongsberg Gruppen, and Kvaerner, unions said.While workers in other public and private sectors negotiate separately, the chance of widespread strikes diminishes when manufacturing workers, who by tradition are first to bargain and thus set the tone for the other talks, reach a deal. ($1 = 9.0088 Norwegian crowns) (Reporting
Løken Named CEO at Kvaerner
Karl-Petter Løken has been appointed President and Chief Executive Officer (CEO) for the international contracting company Kvaerner. Løken succeeds Jan Arve Haugan, who left Kvaerner for a position at Aker Energy. Kvaerner's EVP & CFO Idar Eikrem will continue as interim CEO until Løken steps into the role this spring after ending his current position as head of Project Development for Lundin Norway. Since 1991, Løken has held positions in the oil and gas industry for companies like Statoil, Aker Solutions and Lundin Norway. From 2011 to 2015
Oil Producer Norway Starts Wage Talks to Avert Widespread Strikes
lasted for 16 days before the government intervened to force an end to the conflict, citing vital national interests. Top companies that could be affected by the talks include consumer goods maker Orkla, fertiliser maker Yara , metals producer Hydro and oil services companies Aker Solutions and Kvaerner. Also at risk are major oil firms including Statoil, Aker BP, Lundin Petroleum and Shell. (Editing by Terje Solsvik, editing by Louise Heavens)
CEO Haugan Leaves Kvaerner to Lead Aker Energy
Jan Arve Haugan resigns as President & CEO of Kvaerner, and from March 1, 2018, he will start his new role as CEO of the newly established oil company Aker Energy. Idar Eikrem, Executive Vice President and Chief Financial Officer in Kvaerner, is appointed interim CEO. Haugan has been President & Chief Executive Officer with Kvaerner since its demerger from Aker Solutions and stock listing in the summer of 2011. "Under Jan Arve Haugan's management, Kvaerner has developed into a leading, renowned oil service company with EPC services as our specialty. Competitiveness
Uotinen Joins Robert Allan Ltd.
Sami Uotinen will join naval architecture firm Robert Allan Ltd. on October 1, responsible for European Business Development initiatives, operating from Turku, Finland. Uotinen, a graduate naval architect, joins Robert Allan Ltd. from Rolls Royce, where he has worked since 2000, most recently as North American Sales Manager for Z-Drive propulsion. He has also held positions at Aquamaster, Kamewa and Kvaerner Masa Yards.
Magnus Joins Kvaerners Executive Team
Sturla Magnus has been appointed new executive vice president (EVP) for Structural Solutions and responsible for Kvaerner's yard at Verdal. He will start in his new position April 1, 2017, at the latest. Previous EVP of Structural Solutions, Sverre Myklebust stepped down as EVP for Structural Solutions at year end 2016. Ole Petter Bjartnes will be interim responsible for the product area until Magnus takes up the position. Magnus is Norwegian and holds a MSc in Civil Engineering from the Norwegian University of Life Sciences. He comes from the position as Regional Business
TCO Hires Betteridge as Managing Director
well. Latterly, he was promoted to vice president of AGR seabed intervention. Reviewing the business, Betteridge implemented changes which stabilized the division and resulted in the division being acquired by Marin Subsea in late 2013 Betteridge has held numerous roles for Dril‐Quip, Aker Kvaerner Subsea and Vetco Gray. For each of these roles, he has spent time overseas in the Middle East, Norway and South East Asia. TCO serves the upstream oil and natural gas industry throughout the reservoir life cycle and specializes in the design, manufacture and installation of completion barrier
LOC Appoints Pointing as Group Director
based projects, worked on major marine casualty investigations and performed duties as a marine warranty surveyor on a range of projects. He will continue to be based in Stavanger. Alan Clifton takes over from Andrew Pointing as Managing Director, LOC Norway. Alan joined LOC in 2002 from Aker Kvaerner and in his former role as Operations Director he had been involved in managing the majority of the many marine warranty projects handled by LOC Norway. Announcing the two new appointments, Group CEO, Andrew Squire said: “The creation of a new Group Director to oversee marine assurance and
Svanevik Elected to Seadrill Board
Seadrill Limited announced today that Carl Erik Steen has resigned from the board of directors with immediate effect. Filling the position is Ørjan Svanevik, who was appointed by the board of directors to fill the vacant position starting immediately. Svanevik is an employee of the Seatankers Group and was previously managing director for the investment advisory firm, Oavik Capital. Prior to Oavik, he was head of M&A and a partner at Aker ASA, and COO and EVP of Kværner ASA. Svanevik also worked nearly a decade in corporate advisory and investment banking. He started his career at
