Norwegian yard and offshore group Kvaerner believes that the oil industry has now bottomed out since the oil price plunge in 2014 caused oil companies to stop new projects.
This is according to management in relation to the publication of Kvaerner's first quarter interim report 2017. The order intake came to NOK 6.6 billion (USD 764 million) which brought the total orderbook up to NOK 10.8 billion.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
H2 Energy calls for political courage, high carbon levy
Swiss firm H2 Energy, set to establish a 1GW hydrogen facility in Denmark, sees the transformation of heavy transport as a low-hanging fruit and calls for political courage to secure offtakers.
WindEurope warns against negative auction bids
If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.
BW Offshore halved bottom line in Q1
The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.
Equinor exits Russia
Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.
Better Energy enters 1GW Finnish collaboration
Solar panel developer Forus is teaming up with Better Energy on the sustainable development of solar farms in Finland.
Project assistant 
Engineer or physicist with an interest in energy, international work, supervision and regulation 
Team Manager 
Senior Market Director, Electrification and Smart Grid 
IT project manager for digital transformation in the middle of the green transition 
Head of Secretariat - The Indo-Danish Centre of Excellence for Offshore Wind and Renewable Energy 
Commercially Oriented Senior Product Manager 
Junior Analyst for Power Solutions 
Senior Logistics Site Manager 
Project manager for Denmark's best internet 
Economists who are passionate about advocacy and industrial economics 
We are looking for advisers who will help shape the green transition and develop the business area "Sustainable Energy" 
Senior Risk Analyst