Bilfinger Secures Johan Sverdrup Contracts
German based Bilfinger said on Tuesday it has received follow-up orders from its contract partner, the Norwegian service company Aibel, that are to tie in with phase 1 of the Equinor operated Johan Sverdrup oil field project on the Norwegian continental shelf.The overall scope of work includes the offshore hook-up…
Statoil Awards Long-Term ISO Contracts
Statoil is awarding renegotiated framework agreements to Bilfinger Industrier Norge AS and Kaefer Energy AS for ISO services (insulation, scaffolding and surface treatment). Valued at a total of more than NOK 7 billion ($87mln), the contracts will run until the end of 2030.
Van Oord lands Bilfinger Bounty
offshore wind parks and harbour construction. The agreement covers the acquisition of assets and employees related to the offshore wind activities. This acquisition will give a strategic boost to Van Oord’s Offshore Wind Projects business unit. The acquisition will be finalised after it has been approved by the Bundeskartellamt…
Statoil Awards Offshore Maintenance Contracts
Statoil has awarded two new, long-term contracts with estimated value of NOK 11 billion for insulation, scaffolding and surface treatment services to Beerenberg Corp AS and Prezioso Linjebygg AS. They will provide services to 20 of the company’s 29 installations on the Norwegian continental shelf (NCS) when the contracts take effect.
Statoil's NCS Installation Contracts for Beerenberg, Prezioso Linjebygg
Statoil has awarded two new, long-term contracts with estimated value of NOK 11 billion for insulation, scaffolding and surface treatment services to Beerenberg Corp AS and Prezioso Linjebygg AS. They will provide services to 20 of the company’s 29 installations on the Norwegian continental shelf (NCS) when the contracts take effect.
Bilfinger: Mistakes Contributed to Warnings, But No Systemic Failure
Bilfinger said human error was partly to blame for repeated profit warnings at the German engineering services firm over the past year but denied on Thursday there were systematic failures of corporate governance. As shareholders demanded explanations for the five warnings…
SAL Heavy Lift Performs Offshore Windfarm Work
SAL Heavy Lift informs it has completed the second phase of the Wikinger Pile Testing Campaign with DP II Class vessel MV Lone. Once again, MV Lone served as project platform for SAL Heavy Lift customer Bilfinger. The full test campaign comprised two phases with the tests being performed at three locations.
Pile Testing for Wikinger Wind Farm Launched
In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched after the site’s geotechnical investigation on the Baltic Sea had been completed. German engineering and services group Bilfinger was awarded the test pile…
Desertec Shareholders Flee, Solar Project Folds
An ambitious project to harness and export solar power generated in Middle East and African deserts has all but folded after the withdrawal of most of the Desertec Industrial Initiative's shareholders. The multi-billion renewable energy project, founded in Germany to much fanfare five years ago…
Bilfinger Rethinks Offshore Wind after Profit Warning
German building and services group Bilfinger said it would have to rethink options for its offshore wind power business, where a writedown contributed to a profit warning. Bilfinger said late on Wednesday it had written off its 30 million-euro ($39 million) share in a Polish factory for making steel foundations for offshore wind turbines…
Germany's Bilfinger Cuts Costs after CEO Exit
Q2 group adjusted EBITA 65 mln euros vs 93 mln last year. Power division EBITA drops to 9 mln euros; shares up 4.9 pct, top performer on MDAX. German industrial services group Bilfinger, whose chief executive resigned last week after two profit warnings, said cost cuts in…
Bilfinger Slashes Outlook for 2014
German engineering and services company Bilfinger SE slashed its 2014 outlook on Monday, blaming fallout from Germany's transition to renewable energy for its woes. Adjusted earnings before interest, tax and amortization (EBITA) are expected to come in between 380 million euros ($518.34 million) and 400 million euros this year…
Bilfinger Wants Speedy Sale Of Construction Unit
German engineering and services group Bilfinger aims to sell its civil engineering division quickly and, at the same time, is open to acquisitions abroad, the chief executive of the company was quoted as saying on Saturday. The company is accepting expressions of interest and preparing the unit for sale…
