LYSAKER, Norway, Dec. 16, 2022 /PRNewswire/ -- Aker Solutions has signed a two-year contract extension for maintenance and modifications work for Aker BP's operated field centers Valhall, Ula, Alvheim and Skarv offshore Norway. The awarded work follows the existing contract where Aker Solutions and Aker BP work under a joint maintenance and modifications alliance model and has a fixed period of two years from December [...]
LYSAKER, Norway, Dec. 15, 2022 /PRNewswire/ -- Aker Solutions has signed a Letter of Intent with OKEA for the Draugen Electrification project, offshore Norway. The project is planned to involve major modifications of the existing platform to enable it to receive power from shore via an electrical power cable. This will replace the current power generation from gas turbines at the platform and reduce CO2 emissions by about [...]
LYSAKER, Norway, Dec. 2, 2022 /PRNewswire/ -- Aker BP's board of directors yesterday decided that Aker BP will vote for the approval of the NOAKA field development project, the Valhall PWP-Fenris project, the Skarv Satellite project and the Utsira High projects. Aker BP is the operator of these development projects, which are predominantly planned to be executed together with Aker BP's alliance partners. The final [...]
FORNEBU, Norway, Nov. 29, 2022 /PRNewswire/ -- Reference is made to the stock exchange announcement on 27 April 2018 by Akastor ASA regarding a preference share investment agreement and a warrant investment agreement with Odfjell Drilling Ltd. . Akastor has recently entered into an agreement to sell the preference shares to Odfjell Drilling, which as of today became firm and unconditional. The closing of the transaction [...]
LYSAKER, Norway, Nov. 7, 2022 /PRNewswire/ -- Aker Solutions has been awarded a frame agreement from Petrobras and Partners to provide subsea production systems and subsea lifecycle services for Petrobras-operated oil and gas fields offshore Brazil. The frame agreement has a fixed period of five years, from the fourth quarter of 2022 to the fourth quarter of 2027. The framework agreement will be managed from Aker [...]
FORNEBU, Norway, Nov. 4, 2022 /PRNewswire/ -- Reference is made to the stock exchange notice by Akastor ASA of 26 January 2022 regarding the placement of a USD 150 million senior secured bond issue with a tenor of 3 years by Akastor's 50% owned affiliate HMH Holding B.V. The bond loan will be listed on Oslo Børs as of today . The prospectus of HMH for the listing of the bond loan on Oslo Børs is available on HMH's [...]
FORNEBU, Norway, Oct. 27, 2022 /PRNewswire/ -- Third Quarter Highlights Net capital employed of NOK 5.9 billion and equity of NOK 4.4 billion per quarter-end, corresponding to NOK 16.1 per share HMH delivered a strong growth in both revenues and EBITDA year-on-year driven by increased activity across most segments. Longer-term outlook remains solid driven by increased rig activity AKOFS Offshore delivered good operational [...]
LYSAKER, Norway, Oct. 25, 2022 /PRNewswire/ -- Aker Solutions revenue and margins increased in the third quarter of 2022. The company delivered good performance in the quarter and continued to demonstrate that it remains on-track with its financial targets. Tendering activity continues to be record high, and the market outlook remains positive. Aker Solutions increased its revenue guidance and now expects revenue up by [...]
LYSAKER, Norway, Oct. 13, 2022 /PRNewswire/ -- Akastor ASA invites investors and analysts to a webcast presentation of third quarter 2022 financial results on Thursday 27 October. Date and time: Thursday 27 October 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 [...]
LYSAKER, Norway, Oct. 3, 2022 /PRNewswire/ -- Aker Solutions, in a consortium with Siemens Energy, has been awarded a limited notice to proceed contract from Vattenfall for the Norfolk Boreas offshore wind project off the coast of Norfolk, UK. For the project, Aker Solutions and Siemens Energy will provide the grid connection infrastructure for the Norfolk Boreas Offshore Wind Farm. This includes the engineering [...]
FORNEBU, Norway, Sept. 27, 2022 /PRNewswire/ -- Akastor ASA's subsidiary DDW Offshore AS has been awarded a firm 1 year contract by Petrofac for the AHTS vessel Skandi Atlantic. The AHTS will support the disconnection of the FPSO "Northern Endeavour" together with towing and well isolations work in the Laminaria Corallina oil fields in the West Timor Sea. The contract start date is as from today, September 27th, 2022. DDW [...]
Aker Solutions ASA, Schlumberger and Subsea 7 have entered into agreements to form a Joint Venture to deliver a step change in subsea production economics by helping customers unlock reserves, reduce time to first oil and lower development costs while simultaneously delivering on their decarbonization objectives. Aker Solutions and Schlumberger will contribute their subsea businesses into the JV which following the [...]
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