Akastor ASA will publish its third quarter 2018 results on Wednesday October 31, 2018 at 7:00 a.m. CET. The presentation will be available through a conference call and audiocast only, at 8:00 a.m. CET. The presentation will be audiocasted live, and available through a dial-in conference call. There will be a Q&A session following the presentation. The replay will be made available on the company website. To join this [...]
October 10, 2018 - Aker Solutions will publish its third-quarter results for 2018 on Wednesday, October 24, at 07:00 CEST. We invite investors, analysts and media to a presentation of the results at Aker Solutions' headquarters, Oksenøyveien 8, Fornebu. Date: October 24, 2018 Time: 09:00 CEST Location: Oksenøyveien 8, Fornebu, Norway Language: English To attend the presentation, please pre-register using this link: http://akersolutions.com/registration We kindly ask that you pre-register even if you are not yet certain whether you will attend the presentation in person. The presentation will be broadcast live on http://akersolutions.com/webcast at 09:00 CEST. Dial-in details are available here: http://akersolutions.com/dial-in The third-quarter 2018 presentation will be available... [...]
October 5, 2018 - Aker Solutions has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil's pre-salt area. The subsea production system will consist of 12 vertical subsea trees designed for Brazil's pre-salt, four subsea distribution units, three topside master control stations for [...]
October 4, 2018 - Aker Solutions has been awarded a five-year agreement to supply brownfield modifications, maintenance and operations support for BP's Greater Plutonio and PSVM fields offshore Angola. The scope of work covers the supply of engineering, procurement, and construction services for brownfield projects on the floating production, storage and offloading vessels located at each field. This includes support for [...]
Reference is made to the stock exchange release dated 19 June 2018 regarding Akastor's agreement to transfer 50% of its shares in AKOFS Offshore to MITSUI & CO., LTD, and Mitsui O.S.K. Lines, Ltd., who each will own 25% of the shares. All closing conditions have been fulfilled. The closing of the transaction took place on 26 September 2018 according to the terms and conditions described in the release. As previously [...]
September 26, 2018 - Aker Solutions has signed a strategic, global collaboration agreement with Equinor to ensure mutual and continuous improvement on current and future subsea projects within the domains of safety, quality, technology, execution and cost. "Aker Solutions and Equinor's ongoing collaboration has consistently generated mutually beneficial technology developments, working process simplifications and [...]
September 18, 2018 - Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil. The Campos Basin extends approximately 100,000 square kilometers. The three-year contract is valued at more than BRL 250 million and includes an option for a two-year extension. Aker Solutions will be renovating, repairing and [...]
September 6, 2018 - Point Resources has executed the remaining part of the option for the maintenance and modifications contract with Aker Solutions. The EPC O&M contract between Point Resources and Aker Solutions was first signed in June 2012, covering the Jotun A, Jotun B, Balder and Ringhorne operating facilities in the North Sea. The contract extension starts at year-end and runs until June 2022. "We pride ourselves [...]
Oslo, Norway - August 15, 2018. Aker Solutions won orders valued at more than NOK 350 million to deliver power umbilical systems to China National Offshore Oil Corporation's Liuhua oil fields in the South China Sea, off Hong Kong. The work scope includes more than 35 kilometers of dynamic and static power umbilicals for the Liuhua 16-2, 20-2 and 21-2 fields, linking the subsea development to a new floating production [...]
August 10, 2018 - Aker Solutions has, in collaboration with Kvaerner, secured additional hook-up and commissioning work for Equinor's Johan Sverdrup field offshore Norway. Equinor has exercised an option in the Johan Sverdrup Riser platform hook-up contract awarded in January 2017 for Aker Solutions to perform hook-up and commissioning assistance of the field's utility and living quarter platform, as well as the [...]
Q2 Highlights Revenue of NOK 873 million with growth of 25 percent from previous year EBITDA from continuing operations of NOK 78 million Order intake of NOK 4.6 billion Signed definitive agreements to form joint venture of AKOFS Offshore with Mitsui & Co., Ltd. and Mitsui O.S.K. Lines, Ltd. AKOFS Offshore entered into 5 years contract with Equinor for the AKOFS Seafarer vessel Invested USD 75 million preferred equity in [...]
July 12, 2018 2Q 2018 Financial Highlights Revenue NOK 6.3 billion EBITDA NOK 439 million EBITDA margin 7% EBITDA ex. special items NOK 441 million EBITDA margin ex. special items 7.1% Earnings per share ex. special items NOK 0.48 Order intake NOK 5.7 billion Order backlog NOK 37 billion Aker Solutions' earnings strengthened in the second quarter of 2018 as orders almost doubled from a year earlier amid a pickup in [...]
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