Aker Solutions ASA

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 [...]

Aker Solutions reported first-quarter revenue of NOK 6.5 billion, a decline of 10 percent compared with the first quarter 2019, as the impact of the COVID-19 outbreak and sharp decline in oil prices impacted activity levels. 1Q 2020 Financial Highlights Revenue NOK 6.5 billion EBITDA NOK 149 million EBITDA margin 2.3% EBITDA ex. special items NOK 314 million EBITDA margin ex. special items 4.8% Order intake NOK 6.6 [...]

Highlights Revenue NOK 1 424 million EBITDA NOK 137 million EBITDA margin 9.6 percent Order intake NOK 1 137 million Order backlog NOK 3.0 billion Net interest-bearing debt NOK 1.4 billion Akastor CEO Karl Erik Kjelstad comments: "Although we are generally pleased with the first quarter results for our industrial holdings, key focus for Akastor now is the current market turmoil and how we best secure our portfolio [...]

Aker Solutions and Cognite have been awarded a USD 2 million grant from the California Energy Commission for a project called NextWind Real Time Condition Monitoring. The project is focused on next generation solutions in wind through digitalization and aims to develop a holistic digital solution that will enable monitoring the condition of an offshore floating wind farm and its impact on the environment via live data [...]

The Annual General Meeting of Akastor ASA was held on Wednesday 15 April 2020 at the company's premises at Oksenøyveien 10, Lysaker, Norway. All proposals on the agenda were adopted, cf. Notice of Annual General Meeting attached to the stock exchange release dated 25 March 2020. The complete minutes are attached to this release and are also available at www.akastor.com. For further information, please contact: Øyvind [...]