Akastor ASA's 50% owned affiliate AKOFS Offshore AS has signed a firm three-year contract with Petróleo Brasileiro S.A. for its vessel "Skandi Santos" which will perform a broad scope of subsea services in Brazil. The services will commence in Q4 2022 and the total contract value is about USD 107 million. AKOFS Offshore will be performing the Skandi Santos operations with its partners Bravante for marine services and IKM [...]
Aker Solutions has been awarded a sizeable1 contract by Equinor to deliver engineering, procurement and construction of a subsea compression module to be installed subsea at the Åsgard gas field, offshore Norway. The scope covers EPC of the fifth subsea compression module to be delivered by Aker Solutions for the Åsgard subsea gas compression system. The new module will be a copy of the previously awarded fourth module [...]
Akastor ASA has today received payment of USD 6.5 million following a settlement in respect of the right to earn-out payment under the share purchase agreement dated 13 July 2016 concerning the divestment of Managed Pressure Operations International Ltd . The SPA is formally with MHWirth AS as seller of MPO, but the right to any earn-out payment was carved out from the merger involving MHWirth and SDS which was completed [...]
Aker Solutions has been awarded a substantial1 contract by Petrobras to provide a subsea production system and related services for the Mero 4 project offshore Brazil. This is the fourth consecutive production system for the Mero field development, one of the largest oil discoveries in Brazil's pre-salt area. The company will deliver a subsea production system consisting of up to 13 vertical subsea trees designed for [...]
OSLO, Norway, Oct. 29, 2021 /PRNewswire/ -- Third Quarter Highlights Revenue from continuing operations of NOK 229 million in the quarter EBITDA from continuing operations of negative NOK 10 million in the quarter MHWirth revenue and EBITDA of NOK 757 million and NOK 49 million respectively in the quarter Total order intake of NOK 1 576 million in the quarter , including one full drilling equipment package to Guangzhou [...]
Increased revenue, order intake and backlog, with margins at 6.3 percent. In the third quarter of 2021, Aker Solutions continued to demonstrate that it remains on-track with its transformation and growth targets, as the company continued to progress well on projects globally. Tendering activity remains high, and the company updated its financial guidance. 3Q 2021 Financial Highlights Revenue NOK 7.3 billion EBITDA NOK 459 [...]
Akastor ASA invites investors and analysts to a webcast presentation of third quarter 2021 financial results on Friday 29 October 2021. Date and time: Friday 29 October 2021 at 8:00 CET Presenters: Karl Erik Kjelstad, Chief Executive Officer and Øyvind Paaske, Chief Financial Officer. The presentation will be held as a webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20211029_4/ Questions can be submitted [...]
International offshore energy suppliers Aker Solutions, DeepOcean and Solstad Offshore have joined forces to create Windstaller Alliance. The new partnership aims to provide the world's most cost-efficient and complete product supply, fabrication and marine services offering within offshore wind. The alliance will also pursue other offshore renewables segments. Windstaller Alliance will combine the already [...]
Reference is made to the joint press announcement dated 2 March 2021 from Baker Hughes and Akastor ASA . The parties have today completed the transaction that combines the operations of Baker Hughes' Subsea Drilling Systems business with Akastor's wholly owned subsidiary, MHWirth AS in line with the terms and conditions described in the earlier announcement. The company, which is owned 50/50 by Baker Hughes and Akastor [...]
Aker Solutions has been awarded two front-end engineering and design contracts from Aker BP for the NOA Fulla field development on the Norwegian Continental Shelf. This include the FEED for the NOA processing, drilling and quarters platform and for the normally unmanned Frøy wellhead platform , both operated by Aker BP. The FEED contracts make Aker Solutions well positioned for further contracts if the field development [...]
Aker Solutions has been awarded a front-end engineering and design contract from Aker BP for the NOA Fulla field development on the Norwegian Continental Shelf. The subsea FEED contract makes the company well positioned for further contracts if the field development moves into the execution phase in 2022. It could potentially represent work in the range of a very large1 contract for Aker Solutions, subject to final [...]
Aker Solutions has been awarded a large1 topside modification contract by ConocoPhillips Skandinavia AS for Tommeliten Alpha, offshore Norway. Combined with previous subsea contracts for this field development, the contract award means Aker Solutions has been assigned an integrated responsibility for this field development. The topside modification contract award follows final investment decision by the license partners [...]
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