First Quarter Highlights Akastor announced the agreement to create a joint venture between MHWirth and Baker Hughes' Subsea Drilling Systems business, forming a global full-service offshore drilling equipment provider. As part of the transaction, Akastor has secured commitment to refinance its current corporate bank facility. Following this agreement, MHWirth is classified as held for sale per first quarter and presented [...]
Akastor ASA invites investors and analysts to a webcast presentation of first quarter 2021 financial results on Thursday 29 April 2021. Time and date: Thursday 29 April 2021 at 9:00 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/20210429_4/ Questions can be submitted [...]
Aker Solutions has won a large1 contract from ConocoPhillips to provide a subsea production system for the Eldfisk North development offshore Norway. The field will be developed as a subsea satellite, tied back to the Eldfisk Complex. The scope covers a complete subsea production system including 13 standardized vertical subsea trees, wellheads, control systems, three six-slot templates with integrated manifolds, and [...]
Aker Solutions and Doosan Babcock have agreed to jointly deliver projects for low-carbon solutions and renewable energy in the UK. The partners will particularly focus on pursuing and winning contracts for new hydrogen production plants, and facilities for carbon capture, utilization and storage . Opportunities for other projects within the process and energy industries will also be explored. The duo has signed a [...]
Aker Solutions today publishes its annual report, sustainability report and corporate governance report for 2020. The reports are attached and also available on https://akersolutions.com/annual-reports, https://akersolutions.com/sustainability-reports and https://akersolutions.com/corporate-governance. Media Contact: Torbjørn Andersen, mob: +47 928 85 542, email: torbjorn.andersen@akersolutions.com Investor Contact [...]
Akastor ASA's wholly owned subsidiary, DDW Offshore AS , has entered into bareboat charter agreements with OceanPact Servicos Maritimos S.A. , a Brazilian subsea and logistic company, for the two AHTS vessels Skandi Saigon and Skandi Pacific for a period of 26 months. As part of the agreements, forward sale of the vessels has been agreed whereby OceanPact shall purchase the vessels at the end of the charter period. The [...]
Aker Solutions has won a substantial1 contract from Equinor for modifications on the Åsgard B gas and condensate platform to enable increased production. The scope includes engineering, procurement, construction and installation of new equipment. The work starts immediately and is scheduled to be completed in 2024. The floating production platform offshore Norway is connected to subsea installations at several nearby gas [...]
- Joint venture company will combine the Baker Hughes Subsea Drilling Systems business and MHWirth to better serve customers while simultaneously driving productivity and cost synergies - Company will have dual operational headquarters in Houston, TX and Kristiansand, Norway HOUSTON and FORNEBU, Baker Hughes and Akastor ASA have announced an agreement to create a joint venture company that will bring together Baker [...]
Aker Solutions has secured a letter of intent from Equinor for the topside work on the Troll B and C platforms offshore Norway to reduce the CO2 emissions. These modifications will include installation of equipment for receiving electrical power from shore via cable. This will replace power generation from gas turbines at the platforms, and thus reduce climate footprint. The award is estimated to be very large1. Aker [...]
Sound orderbook, strong market outlook, growth in energy transition. Aker Solutions and Kvaerner successfully completed the merger in the fourth quarter 2020. Fourth-quarter revenue ended at NOK 6.8 billion and the EBITDA at NOK 121 million, in line with previous communication. Despite the challenging backdrop of the COVID-19 pandemic, the order backlog grew 15 percent compared to in 2019 and ended at NOK 38 billion. The [...]
Fourth Quarter Highlights Revenue of NOK 973 million, down 37 percent compared with the same quarter previous year Total EBITDA of NOK 57 million Net cash flow from operating activities of NOK 467 million, driven by reduction of net working capital Net interest-bearing debt of NOK 1.4 billion, including NOK 426 million of net bank debt in DDW Offshore Order backlog of NOK 2.4 billion per end of quarter MHWirth received [...]
Aker Solutions has secured a contract from Aker Carbon Capture for engineering, procurement and management assistance to realize the CO2 capture plant at Norcem's cement factory in Brevik, Norway. The project will start in January 2021 and work will be completed in 2024. The contract has a value of about NOK 500 million. The plant will become the world's first large-scale capture plant at a cement producer, capturing some [...]
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