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04 June 2020 The on-line newspaper devoted to the world of transports 07:34 GMT+2



January 22, 2002

Kvaerner to write down $48m due to accounting error

The Norwegian oil rigbuilder puts theblame on a procedural error by the accounting team at its oil and gas unit

OSLO - Kvaerner, the Norwegian oil rigbuilder that almost went bust, said it will have to write down 230 million kroner (S$47.6 million) at its oil and gas unit tied to an accounting error in the years from 1998 to 2000.

The items were recorded ......
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