Aker Solutions has been awarded a contract1 from Shell UK for the delivery of a not permanently attended installation for the Jackdaw gas field. Located east of Aberdeen in the North Sea, the field at peak production rates, could represent over 6% of projected UK North Sea gas production in the middle of this decade. The award follows completion of front-end engineering and design work , awarded in June 2019. The scope [...]
FORNEBU, Norway, July 25, 2022 /PRNewswire/ -- Akastor ASA's 50% owned affiliate AKOFS Offshore AS has now signed a firm contract for its vessel "Aker Wayfarer" that will continue to perform services as a subsea equipment support vessel for Petróleo Brasileiro S.A. as client in Brazil. The duration of the contract is 1,415 days, or almost 4 years, and the services will commence in first half of 2023. AKOFS Offshore will [...]
FORNEBU, Norway, July 14, 2022 /PRNewswire/ -- Aker Solutions' revenue and margins increased in the second quarter of 2022. The company continued to demonstrate that it remains on-track with its financial targets. The main projects globally continued to progress, tendering activity is record high, and the market outlook remains positive. Aker Solutions increased its revenue guidance and now expects revenue up by about 30 [...]
FORNEBU, Norway, July 14, 2022 /PRNewswire/ -- Second Quarter Highlights Net capital employed of NOK 5.6 billion and equity of NOK 4.3 billion, corresponding to NOK 15.7 per share HMH delivered underlying growth in revenues and EBITDA quarter-on-quarter. Positive outlook driven by increased rig activity and continued strong level of service orders AKOFS Offshore delivered good operational performance. Aker Wayfarer [...]
Aker Solutions has been awarded a strategic partnership agreement with Vår Energi to deliver subsea production systems for all upcoming subsea projects for the next five years, for all Vår Energi operated assets and projects on the Norwegian Continental Shelf . The agreement has an option to be extended for a further 2+2 years. The scope of the agreement includes the full range of equipment and services to deliver [...]
Akastor ASA invites investors and analysts to a webcast presentation of second quarter 2022 financial results on Thursday 14 July. Date and time: Thursday 14 July 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/hengarmedia/20220714_4/ Questions can be [...]
Aker Solutions has secured a significant1 three-year contract extension to an existing framework agreement for work at North Sea fields operated by ConocoPhillips Skandinavia AS . Aker Solutions will continue as ConocoPhillips' main supplier of maintenance and modifications work offshore Norway. The agreement runs from January 2024 until the end of 2026. The contract value will be determined by future call-offs for [...]
Aker Solutions has won a sizeable1 contract from Equinor to deliver the subsea production system for the Halten East development offshore Norway. The development concept is a subsea tie-back to the Åsgard B platform, using existing facilities and infrastructure. The discoveries consist of gas and condensate. Aker Solutions will deliver a complete subsea production system including seven standardized vertical subsea trees [...]
Aker Solutions' revenue and margins increased in the first quarter of 2022. The company delivered another quarter of solid performance and continued to demonstrate that it remains on track with its transformation and growth targets. Projects globally continued to progress well, tendering activity continues to be very high, and the market outlook remains positive. 1Q 2022 Financial Highlights Revenue NOK 8.3 billion EBITDA [...]
First Quarter Highlights Net capital employed of NOK 5.1 billion and equity of NOK 4.0 billion per quarter-end, corresponding to NOK 14.7 per share HMH bridge loan facility refinanced with new Nordic bond of USD 150 million in quarter. HMH delivered lower revenues and EBITDA quarter-on-quarter driven by seasonality, however with strong service orders in period and solid longer-term outlook AKOFS Offshore with good [...]
Akastor ASA invites investors and analysts to a webcast presentation of first quarter 2022 financial results on Thursday 28 April. Date and time: Thursday 28 April 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/20220428_8/ Questions can be [...]
OSLO, Norway, March 30, 2022 /PRNewswire/ -- Akastor ASA publishes its Annual Report, including the board's Corporate Governance Statement, and Environmental, Social and Governance Report for 2021. The reports are attached and are also available at the company's website www.akastor.com. Akastor has also published its annual financial statements in European Single Electronic Format , available as an attachment to this [...]
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