FORNEBU, Norway, Feb. 15, 2023 /PRNewswire/ -- Fourth Quarter Highlights Net interest-bearing debt reduced by approximately NOK 900 million through the quarter, driven by the sale of the preference shares held in Odfjell Drilling HMH delivered another strong quarter with strong growth in revenues year-on-year as well as quarter-on-quarter, driven by high service activity. Solid 2023 outlook driven by continued increasing [...]
Solid results and record high order intake. Aker Solutions delivered solid financials in the fourth quarter and for full-year 2022, as revenue and margins increased. The company won all-time high order intake leading to a record high order backlog securing a high level of activity and forming the basis for healthy margins going forward. The market outlook remains positive, with increased energy spending forecasted in the [...]
LYSAKER, Norway, Jan. 9, 2023 /PRNewswire/ -- Aker Solutions has been awarded a substantial1 contract from Altera Infrastructure for the complete upgrade of the Petrojarl Knarr floating production storage and offloading vessel to be redeployed at Equinor's Rosebank field development, offshore UK. The selected development concept for the Rosebank field includes redeployment and reuse of the existing Petrojarl Knarr FPSO [...]
FORNEBU, Norway, Dec. 22, 2022 /PRNewswire/ -- Akastor ASA has today entered into a share purchase agreement with Diamond Key International Pty. Ltd. for the sale of all shares in Cool Sorption A/S for DKK 20.4 million on a cash and debt free basis. Cool Sorption is headquartered in Glostrup, Denmark, and is a specialist supplier of Vapour Recovery Units and systems. "Cool Sorption operates in a highly specialist market [...]
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 [...]
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