Business Success of the Year award to Kvaerner

4 February 2016 - Kvaerner won Gullkronen (the NCS Performance Award) for Business Success of the Year 2015 during an annual ceremony hosted by Rystad Energy in Oslo on 3 February 2016.

“I am proud that Kvaerner won Gullkronen for Business Success of the Year 2015. This award reflects that we are recognised for both winning new projects as well as delivering predictably in a challenging market. I would like to thank all my colleagues for your contributions to this, says Jan Arve Haugan, President & CEO of Kvaerner.

The jury's reasoning:
“The winner has consistently proven a persistent capacity to survive and thrive in a particularly risky, volatile and competitive segment of the oilfield service market. In gloomy times, the winner has shown great ability to venture with complementary business partners, expand market coverage, and drive both technology and business model innovation. The value of this ability was clearly shown during the fall 2015 when the winner bucked the trend in the oil service market, exhibiting an 80% share price rally since early October.”

Rystad Energy has since 2009 awarded Gullkronen to acknowledge high performances and achievements made by companies involved in the oil and gas business during the previous year. The other nominees in the category Business Success of the Year were Agility Subsea Fabrication, Aibel and SAR.

For more information on all the winners please click here.