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 [...]
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 [...]
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