Aker Solutions has been awarded a substantial1 seven-year contract extension of an existing maintenance and modifications frame agreement with OKEA. The agreement covers work on all installations offshore Norway operated by OKEA. Maintenance and modifications are crucial to ensure safe and efficient operations of installations and facilities. Aker Solutions has delivered maintenance and modifications services for OKEA [...]
Aker Solutions today publishes its annual report, sustainability report, remuneration report and corporate governance report for 2021. The reports are attached and also available on https://akersolutions.com/annual-reports, https://akersolutions.com/sustainability-reports and https://akersolutions.com/corporate-governance. Aker Solutions has also published its annual financial statements in European Single Electronic [...]
Aker Solutions has signed a three-year contract extension to an existing maintenance and modifications frame agreement with Equinor. The agreement for work on oil and gas installations offshore Norway represents a very large1 order intake for Aker Solutions. Maintenance and modifications are crucial to ensure safe and efficient operations of customer's installations and facilities. Aker Solutions has delivered maintenance [...]
Akastor ASA invites investors and analysts to a webcast presentation of fourth quarter 2021 financial results on Wednesday 9 February 2022. at 15:00 CET Presenters: Akastor - Karl Erik Kjelstad, CEO and Øyvind Paaske, CFO HMH - M.A. «Pete» Miller, Jr., Chairman & CEO and Thomas McGee, CFO Link to webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20220209_3/ Questions can be submitted throughout the streaming [...]
Fourth Quarter Highlights The combination of MHWirth and Baker Hughes' Subsea Drilling Systems into HMH closed on October 1, 2021, after which Akastor owns 50% of the shares in the new company Completed refinancing of its existing corporate credit facilities in Akastor Net capital employed of NOK 5.1 billion and equity of NOK 4.1 billion per year-end 2021, corresponding to NOK 15 per share HMH shows strong adjusted [...]
Aker Solutions delivered increased revenue, margins, and order intake in the fourth quarter of 2021. The company continued to demonstrate that it remains on-track with its transformation and growth targets, as the company continued to progress well on projects globally. Tendering activity remains high, and the company updated its financial guidance. The Board of Directors has proposed a dividend of NOK 0.20 per share for [...]
Akastor ASA's 50% owned affiliate HMH Holding B.V. has today successfully completed a USD 150 million senior secured bond issue with a tenor of 3 years. Reference is made to Akastor's stock exchange message on 14 January. Settlement date is set to 10 February 2022 and the bonds will be sought listed on the Oslo Stock Exchange. The net proceeds from the bond issue will be used by HMH for repayment of a bridge loan as well [...]
Akastor ASA invites investors and analysts to a webcast presentation of fourth quarter 2021 financial results on Wednesday 9 February 2022. Date and time: Wednesday 9 February 2022 at 15:00 CET Presenters: Akastor - Karl Erik Kjelstad, CEO and Øyvind Paaske, CFO HMH - M.A. «Pete» Miller, Jr., Chairman & CEO and Thomas McGee, CFO Link to webcast: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20220209_3 Questions [...]
Akastor ASA's 50% owned affiliate HMH has today mandated DNB Markets, Nordea, Pareto Securities and SEB as joint lead managers to arrange a series of fixed income investor calls commencing Monday 17 January. A 3-year USD-denominated senior secured bond issue with an expected size of minimum USD 150 million may follow, subject to inter alia market conditions. The net proceeds from the contemplated bond issue will be used [...]
Akastor ASA's subsidiary AGR AS has today completed the transfer of all shares in AGR Well Management Limited to SpotOn Energy Holding AS as per the terms of a transfer agreement entered into last week. As compensation for the transfer, AGR has received 20% ownership in SpotOn Energy, which will strengthen the cooperation between AGR and SpotOn Energy going forward. AGR Well Management is the UK well management division [...]
Akastor ASA's 50% owned affiliate HMH has been awarded the contract to deliver a pressure control system to Guangzhou Marine Geological Survey . The system will comprise of a blowout preventer stack, including the new SeaONYX V.2 control system, a SeaPrime Pod control system, PR2 H4 Connectors, as well as an 8,202 ft. riser package. The total contract value is approximately USD 77 million and follows up on the contract [...]
Aker Solutions has been awarded front-end engineering and design contracts by Aker BP for the Valhall field and the King Lear discovery, on the Norwegian Continental Shelf. The FEED work will be executed as a part of Aker BP's alliance model. For the Fixed Facilities Alliance the scope of the FEEDs includes a new central platform with bridge connection to the existing Valhall field center, and an unmanned wellhead [...]
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