Aker Solutions has been awarded a contract from Equinor for the delivery of a subsea production system for the Breidablikk development in the North Sea. The contract value is estimated at about NOK 2.5 billion, including options. The contract covers the delivery of four subsea templates and up to 23 subsea trees and associated components. The deliveries include Aker Solutions' standard, lightweight vertical subsea trees [...]
NES Global Talent , in which Akastor holds an economic interest of around 17%, has today announced that it has entered into an agreement to combine its business with the Fircroft Group . The transaction represents a strategic alignment to create one of the leading human capital solutions business for engineering and technical talent globally. The combined entity will be known as NES Fircroft. Akastor CEO, Karl Erik [...]
Aker Solutions has secured a three-year contract extension to an existing framework agreement for work at North Sea fields operated by ConocoPhillips. The company will continue as ConocoPhillips' main supplier of maintenance and modifications work offshore Norway. The agreement runs from January 2021 until the end of 2023. The contract value will be determined by future call-offs for maintenance and modifications work and [...]
Aker Solutions has secured a five-year contract extension from ExxonMobil Canada Properties for the provision of engineering, procurement and construction services for the Hebron platform, offshore Newfoundland. The contract is an extension for a 5-year period, starting in the summer of 2020. Aker Solutions has provided EPC services to Hebron since 2015. The work will be led from Aker Solutions' premises in St. John's [...]
Second Quarter Highlights Revenue of NOK 1 254 million in the quarter, down 4 percent compared with the same quarter previous year Total EBITDA of NOK 70 million in quarter, negatively impacted by specific M&A cost of NOK 43 million MHWirth EBITDA of NOK 110 million in quarter, driven by continued good activity within services and demonstrating robustness of business model Net bank debt was NOK 1 595 million per end of [...]
OSLO, July 15, 2020 /PRNewswire/ --- Aker Solutions' revenues fell in the second quarter of 2020 as activity levels declined due to the COVID-19 pandemic and lower oil prices. The volume of new orders rose, as some operators increased sanctioning towards the end of the quarter. 2Q 2020 Financial Highlights Revenue NOK 5.4 billion EBITDA NOK 232 million EBITDA ex. special items NOK 353 million EBITDA margin ex. special [...]
Akastor ASA will publish its second quarter 2020 results on Thursday July 16, 2020 at 7:00 a.m. CET. The presentation will be audiocasted live, and available through a dial-in conference call at 8:00 a.m. CET. There will be a Q&A session following the presentation. The replay will be made available on the company website. Please join the event 5-10 minutes prior to the start time. Dial-in numbers: UK/International +44 [...]
Aker Solutions has received a letter of intent from Equinor to deliver the subsea production system for the next phase of the Askeladd natural gas development in the Barents Sea in northern Norway. The development of Askeladd Vest is phase two of the multi-phased Snøhvit gas development in the Barents Sea. "We are pleased to extend the series of deliveries to Equinor under the NCS 2017+ framework agreement," said Luis [...]
Aker Solutions has signed a two-year contract extension for maintenance and modifications for Aker BP's Ula, Skarv, Valhall and Tambar fields offshore Norway. Work under the contract will start from December 1, 2020 and follows the existing contract with Aker BP where Aker Solutions and Aker BP work under a joint modification alliance model. "We are delighted to continue to provide maintenance and modifications work for [...]
Aker Solutions has been awarded a letter of intent from Equinor for the delivery of a subsea system for the Breidablikk project in the North Sea. The scope of work covers a complete subsea production system, and associated equipment that includes 15 subsea trees in the first phase. "We are delighted to be awarded a letter of intent by Equinor, which will lead to more activity at many of our facilities in Norway and [...]
Aker Solutions and Norcem, a subsidiary of HeidelbergCement, have signed an agreement as a firm step towards the engineering, procurement and construction delivery of a CO2 capture, liquification and intermediate storage plant at Norcem's cement factory in Brevik, Norway. The carbon capture plant in Brevik is part of the Norwegian carbon capture demonstration project to be funded by the Norwegian government. Parliament is [...]
Aker Solutions was awarded a contract from Subsea 7 to deliver umbilicals for Murphy Exploration and Production Company - USA's King's Quay development in the U.S. Gulf of Mexico. The work scope includes 22 kilometers of dynamic steel-tube umbilicals and distribution equipment to connect the King's Quay floating production system to the Samurai, Khaleesi and Mormont deepwater developments. The King's Quay semisubmersible [...]
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