KVAERNER NEEDS CHANGES
Norwegian oil services firm Kvaerner, which has struggled with high costs and the loss of contracts to cheaper Asian rivals, may seek partners and could see a change in its ownership structure, it said on Wednesday.
Kvaerner, which builds large structures such as platforms for the offshore oil and gas industry, said it had hired an adviser to evaluate strategic options, which could include significantly altering its strategy, business model or ownership, it said in a statement to the Oslo bourse.
"To take the next step to ensure Kvaerner's long term growth and global competitiveness, we will consider further…
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