Aker Solutions ASA

September 13, 2016 - Aker Solutions, Det norske oljeselskap and Subsea 7 agreed on a "one for all, all for one" collaboration model that marks a major shift in how an operator and its suppliers can work together on oil and gas developments offshore Norway. The alliance combines Det norske's exploration and production know-how with Aker Solutions' expertise in front end engineering, brownfield modifications and subsea [...]

September 8, 2016 - Aker Solutions will provide engineering, procurement, construction, installation and commissioning (EPCIC) services to enable a tie-in of the Utgard gas and condensate field to the Statoil-operated Sleipner facilities in the North Sea. The work, valued at about NOK 500 million, is for platform modifications at Sleipner to tie in the Utgard subsea field. Aker Solutions in April won a contract for [...]

September 2, 2016 - Aker Solutions is introducing a new executive management team as part of a broader reorganization aimed at further strengthening operational and financial performance and better meeting customer needs. The new organization will have five delivery centers: Customer Management, Front End, Products, Projects and Services. This set-up will help drive further standardization and accelerate a companywide [...]

July 13, 2016 Financial Highlights Sales NOK 7 billion in 2Q 2016 vs NOK 8 billion in 2Q 2015 EBITDA NOK 563 million vs NOK 547 million a year earlier EBITDA margin 8.1% vs 6.8% a year earlier EBITDA margin ex. special items 8.5% vs 8.1% a year earlier EBIT NOK 319 million vs NOK 376 million a year earlier EBIT margin 4.6% vs 4.7% a year earlier EBIT margin ex. special items 5.7% vs 6% a year earlier [...]

July 12, 2016 - Aker Solutions secured a contract from Idemitsu Oil and Gas Co., Ltd. to provide engineering services for the development of oil and gas resources in the Nam Con Son basin offshore Vietnam. It is the first time Aker Solutions teams up with Idemitsu on a project in Asia Pacific and marks an expansion into a key new market, Vietnam. The nine-month contract is for front end engineering design (FEED) work for [...]

June 29, 2016 - Aker Solutions will publish its second-quarter results for 2016 on Wednesday, July 13, at 07:00 CEST. We invite investors, analysts and media to a presentation of the results at Aker Solutions' headquarters, Oksenøyveien 8, Fornebu. Date: July 13, 2016 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-2q-2016 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 ... [...]

June 7, 2016 - Aker Solutions is making good progress in reaching a goal of boosting cost-efficiency in all areas of the company by at least 30 percent as part of a broader effort to strengthen its competitiveness amid current market challenges. A quarter of the targeted improvement will be achieved this year, helping to achieve potential annualized cost-savings of at least NOK 9 billion by the end of 2017, based on the [...]

June 6, 2016 - Aker Solutions won a contract to deliver its longest-ever umbilicals system at the Zohr offshore gas field in the Egyptian part of the Mediterranean Sea. The agreement with Petrobel in Egypt is worth more than NOK 1 billion and will be booked in the second quarter. It stipulates the delivery of 180 kilometers of steel tube umbilicals that will connect the Zohr subsea development to an offshore control [...]

April 28, 2016 Financial Highlights Sales NOK 6.5 billion in 1Q 2016 vs NOK 8.5 billion in 1Q 2015 EBITDA NOK 508 million vs NOK 591 million a year earlier EBITDA margin 7.9% vs 7% a year earlier EBITDA margin ex. one-off items 8% vs 7.8% a year earlier EBIT NOK 314 million vs NOK 409 million a year earlier EBIT margin 4.9% vs 4.8% a year earlier EBIT margin ex. one-off items 5% vs 6% a year earlier    Earnings per share [...]

April 27, 2016 - Aker Solutions and ABB agreed to build on their combined strengths in subsea, power and automation technologies to develop solutions that will improve oil and gas production for the global energy industry. The cooperation will integrate Aker Solutions' pioneering subsea capabilities and ABB's subsea power and automation system expertise to bring customers more effective, reliable and flexible oil and gas [...]