Kværner ASA (OTCMKTS:KVAEF) is a Norway‐based engineering and construction services provider specializing in projects for the offshore oil and gas, petrochemical and renewable energy sectors. Headquartered in Oslo, the company delivers integrated solutions that encompass concept development, front‐end engineering and design (FEED), detailed engineering, procurement, fabrication and installation services.
The company’s core offerings include the design and fabrication of topside modules, jackets, hulls and other structural components used in offshore platforms. Kværner also provides project management, quality assurance and lifecycle support services, ensuring seamless execution from early feasibility studies through to handover and commissioning.
With roots dating back to the mid‐19th century as a Norwegian mechanical engineering business, Kværner has evolved into a specialist EPC contractor. The firm underwent significant restructuring in the early 2010s to sharpen its focus on high‐value offshore engineering and project delivery, leveraging decades of heritage and technical know‐how.
Kværner serves clients across key hydrocarbon and renewable regions, including the North Sea, Brazil, Asia Pacific and the Gulf of Mexico. The company is led by Chief Executive Officer Roar Lundsager, supported by a management team with extensive experience in large‐scale industrial and energy projects.
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