Reference is made to the joint press announcement dated 2 March 2021 from Baker Hughes and Akastor ASA . The parties have today completed the transaction that combines the operations of Baker Hughes' Subsea Drilling Systems business with Akastor's wholly owned subsidiary, MHWirth AS in line with the terms and conditions described in the earlier announcement. The company, which is owned 50/50 by Baker Hughes and Akastor [...]
Aker Solutions has been awarded two front-end engineering and design contracts from Aker BP for the NOA Fulla field development on the Norwegian Continental Shelf. This include the FEED for the NOA processing, drilling and quarters platform and for the normally unmanned Frøy wellhead platform , both operated by Aker BP. The FEED contracts make Aker Solutions well positioned for further contracts if the field development [...]
Aker Solutions has been awarded a front-end engineering and design contract from Aker BP for the NOA Fulla field development on the Norwegian Continental Shelf. The subsea FEED contract makes the company well positioned for further contracts if the field development moves into the execution phase in 2022. It could potentially represent work in the range of a very large1 contract for Aker Solutions, subject to final [...]
Aker Solutions has been awarded a large1 topside modification contract by ConocoPhillips Skandinavia AS for Tommeliten Alpha, offshore Norway. Combined with previous subsea contracts for this field development, the contract award means Aker Solutions has been assigned an integrated responsibility for this field development. The topside modification contract award follows final investment decision by the license partners [...]
Aker Solutions, Siemens Energy and Doosan Babcock have formed a consortium which will see the three companies draw upon more than 450 years of combined experience to develop technology and solutions for the growing UK carbon capture, utilization and storage market. The main objective of the consortium will be to deliver solutions that enable customers to achieve their decarbonization goals. The UK has set clear objectives [...]
Aker Solutions, as part of a consortium, has signed a major1 EPCI contract with an undisclosed customer to provide the HVDC transmission system for a large offshore wind project. More details about the project is expected to be announced by the customer and its partners during the third quarter of 2021. For Aker Solutions, the scope will involve engineering, procurement, construction and installation of an offshore HVDC [...]
Orderbook up almost 30 percent, on track for growth and transition. In the second quarter of 2021, Aker Solutions continued to demonstrate that it remains on track with its transformation and strategic growth plans. Revenues strengthened as the company continued to make good progress on projects globally. Order intake was very strong at NOK 12.2 billion in the quarter, increasing the orderbook by close to 30 percent from [...]
Second Quarter Highlights Revenue from continuing operations of NOK 275 million in the quarter EBITDA from continuing operations of NOK 45 million in the quarter MHWirth revenue and EBITDA of NOK 685 million and NOK 51 million respectively in the quarter Total order intake of NOK 1 129 million in the quarter , with increasing contribution from MHWirth's non-oil single equipment segment Net interest-bearing debt was NOK 1 [...]
Aker Solutions has secured a substantial1 contract from Aker BP to provide a subsea production system for the Kobra East & Gekko field development, located in the Alvheim area of the North Sea. The scope covers a complete subsea production system including four horizontal subsea trees, three manifolds, control systems, three static subsea umbilicals, as well as associated tie-in equipment and installation work. Work [...]
Aker Solutions has been awarded a major1 contract from Chevron Australia Pty Ltd to provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia. The company has booked around NOK 7 billion as order intake in the second quarter of 2021 related to this contract. "Globally, this is the second subsea gas compression system delivered by Aker Solutions and demonstrates our pioneering spirit to [...]
OSLO, Norway, July 2, 2021 Aker Solutions' subsea compression technology has been selected by Chevron Australia Pty Ltd as operator of the Gorgon Project for the Jansz-Io Compression Project, offshore Western Australia Aker Solutions remains in ongoing discussions with Chevron to finalize the contract. A further announcement will be made when a contract is finalized. The value of the contract is expected to be about NOK 7 [...]
Akastor ASA invites investors and analysts to a webcast presentation of second quarter 2021 financial results on Thursday 15 July 2021. Time and date: Thursday 15 July 2021 at 9:00 CET Presenters: Karl Erik Kjelstad, Chief Executive Officer and Øyvind Paaske, Chief Financial Officer The presentation will be held as a webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20210715_2/ Questions can be submitted [...]
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