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Engineering group Sandvik has completed the divestment of Sandvik Drilling and Completions (Varel) to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments. Sandvik will remain a minority owner of 30% of the company and hold a position on the board. The contribution to Sandvik’s earnings per share […]
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Sandvik is a global engineering Group that employs 50,000 people commitment to enhancing customer productivity, profitability and safety. Sandvik’s operations are organized into five business areas responsible for research and development (R&D), production and sales of their respective products. The company is a developer and producer of advanced stainless steels, special alloys, titanium and other materials. Subsea World […]
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Business & Finance, Equipment
Swedish engineering group Sandvik has won the first large-scale stainless steel umbilical tube order in Brazil’s pre-salt Mero oilfield.
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Sandvik has received the first large scale stainless steel umbilical tube order in Brazil pre-salt Mero oil field. The order consists of over 500 kilometers of Sandvik’s super duplex Sandvik SAF 2507 stainless steel umbilical tubes encapsulated by Prysmian Group. Sandvik SAF 2507 is an austenitic-ferritic stainless steel that performs well in highly corrosive conditions. […]
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Business & Finance, Equipment
Swedish engineering group Sandvik has signed a contract for the supply of stainless steel tubes required for 250 kilometers of umbilicals, linking a subsea development to an existing offshore platform. Sandvik said on Tuesday that the contract value was approximately 700 million SEK (about $85.4 million) and that the delivery would take place from the end […]
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Business & Finance, Equipment, Operations & Maintenance
Sandvik Group, a high-technology, engineering group, is contracted for the world’s longest subsea tunnel project. The Solbakk tunnel is one of three tunnels in a Norwegian mega-infrastructure project and will build a ferry-free connection between the area of Nord Jæren and Ryfylke. This will reduce travelling time between the two locations into one third. The tunnel […]
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Aker BP has appointed Knut Sandvik as senior vice president Projects. He will be a part of the executive management team and will report to CEO Karl Johnny Hersvik. Sandvik has worked for Aker Solutions for more than 30 years, joining what was then Norwegian Contractors as a field engineer in 1987. Throughout his career, […]
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Equipment, Project & Tenders
Swedish engineering group Sandvik Materials Technology said it has received large orders for advanced tubes for the energy segment. The orders were booked in the first quarter 2020 at a combined value of about SEK 630 million ($61 million). According to the company, the deliveries are scheduled as from the second half of 2020. “I […]
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Equipment, Project & Tenders
Sandvik has signed a contract for the supply of stainless steel tubes required for 250 kilometers of umbilicals, linking a subsea development to an existing offshore platform. The contract value is approximately SEK 700 million and deliveries will take place from the end of 2017 and during first half of 2018. “We are proud to […]
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Aker Solutions has informed that Tore Sjursen will assume the position as executive vice president for operational improvement and risk management at Aker Solutions on April 1, 2015. Knut Sandvik will at the same time replace Sjursen as head of the company’s maintenance, modifications and operations business. According to Aker Solutions, Sjursen will be based […]
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Business & Finance, Project & Tenders
Sandvik Materials Technology has received several orders for advanced tubes for the oil and gas industry. The contract has a combined value of about 1 billion SEK ($111 million), with the majority being for umbilical tubes. Orders were booked in the first quarter of 2019 and deliveries are scheduled as from the second half of […]
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Business & Finance, Equipment, Technology
Sandvik, a leading global supplier of equipment and tools, service and technical solutions for the mining industry, has announced that they won the Solbakk tunnel contract. This arrangement will include four intelligent computer-controlled Sandvik DTi series jumbos, rock tools and a service contract. The tunnel will be 14.3 kilometers long, with its deepest point 290 […]
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Tore Sjursen will assume the position as executive vice president for operational improvement and risk management at Aker Solutions on April 1. Knut Sandvik will at the same time replace Sjursen as head of the company’s maintenance, modifications and operations business. Sjursen will be based in Oslo and be responsible for the corporate center functions […]
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Business & Finance, Equipment, Operations & Maintenance, Project & Tenders
Sandvik Materials Technology has secured a contract to be the sole provider of stainless steel umbilical tubes for the Leviathan gas field in the Mediterranean Sea, offshore Israel. The order was booked in the first quarter and the value is about 400 million SEK ($40 million) with deliveries scheduled for 2017. “I am pleased that our […]
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Business & Finance, Equipment
Sweden’s Sandvik Materials Technology will be supplying umbilical pipes for one of the largest offshore gas projects in the Mediterranean – the Leviathan. The company on Tuesday said it won a contract to the sole provider of stainless steel umbilical tubes for the Leviathan gas field, operated by the U.S. company Noble Energy. According to Sandvik, […]
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Tendeka, a provider of completions systems and services to the oil and gas industry, has appointed two new members to its board of directors. Joining the Tendeka board in the role of chairman and non-executive director is Jim Nixon. He is the current CEO and chairman of Nixon Energy Investments, a newly founded company which […]
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Cecon ASA (Oslo OTC: CCON). The company is pleased to announce that it has called the first of the four option Vik Sandvik VS4220 Offshore Construction Vessels. The vessel will be built with Davie Yards ASA with delivery scheduled for Q4 2009.
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A $65 million development that would bring 700 jobs to Port Stephens may collapse because a land sale has not been finalised, more than nine months after the project was announced.Mining and construction giant Sandvik plans to build its headquarters at Heatherbrae, on land owned by Port Stephens Council… [mappress] Source:theherald,April 6,2010;
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Norwegian naval architects Vik-Sandvik have confirmed that the Cyprus-based company Norwegian Shipping Ltd has decleared options for additional two AHTS at Bharati Shipyard Ltd in India. Norwegian Shipping Ltd now has a total of four VS 4612 designs under construction at Bharati Shipyard. The last two vessels will be delivered in February and June 2010.
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1. Sandvik to Build World’s Longest Subsea Tunnel (Norway) Sandvik Group, a high-technology, engineering group, is contracted for the world’s longest subsea tunnel project. 2. Fugro Bags Survey Contract from Subsea 7 Fugro has been awarded a contract by Subsea 7 Australia Contracting Pty Ltd to provide survey services to support its Heavy Lift and […]
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Mr Bert Nordberg was elected Chairman of the Board, succeeding Mr Bent Erik Carlsen. Mr Nordberg is currently the President and CEO of Sony Mobile Communications as well as Executive Vice President in the Ericsson Group. Mr Nordberg brings strong experience from reorganising a global high-tech company with 7,000 employees, while simultaneously developing the product […]
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Saipem Ltd has declared their option to extend the contract for the construction vessel (CSV) “Normand Cutter” with 1 year from May 2013. This is the first of a total of three yearly options. CSV Normand Cutter, designed by Norway’s Vik & Sandvik AS AS, was built in 2001 by Ulstein Verft. The 127,5 m long vessel is equipped […]
