Aker, Kvaerner to build FPSOs with South Korea's Samsung Heavy
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OSLO (Reuters) - Norway's Aker Solutions and Kvaerner are teaming up with Samsung Heavy Industries to jointly build floating production, storage and offloading vessels (FPSOs) for the oil industry, Kvaerner said on Thursday.Facing a sharp decline in revenue and earnings in 2020 as some major oilfield development projects end, engineering firm Kvaerner this year said it would seek to broaden its revenue streams and drive down the costs of building oil production vessels.Kvaerner and Aker..