Akastor ASA's 50% owned affiliate HMH has today mandated DNB Markets, Nordea, Pareto Securities and SEB as joint lead managers to arrange a series of fixed income investor calls commencing Monday 17 January. A 3-year USD-denominated senior secured bond issue with an expected size of minimum USD 150 million may follow, subject to inter alia market conditions. The net proceeds from the contemplated bond issue will be used [...]
Akastor ASA's subsidiary AGR AS has today completed the transfer of all shares in AGR Well Management Limited to SpotOn Energy Holding AS as per the terms of a transfer agreement entered into last week. As compensation for the transfer, AGR has received 20% ownership in SpotOn Energy, which will strengthen the cooperation between AGR and SpotOn Energy going forward. AGR Well Management is the UK well management division [...]
Akastor ASA's 50% owned affiliate HMH has been awarded the contract to deliver a pressure control system to Guangzhou Marine Geological Survey . The system will comprise of a blowout preventer stack, including the new SeaONYX V.2 control system, a SeaPrime Pod control system, PR2 H4 Connectors, as well as an 8,202 ft. riser package. The total contract value is approximately USD 77 million and follows up on the contract [...]
Aker Solutions has been awarded front-end engineering and design contracts by Aker BP for the Valhall field and the King Lear discovery, on the Norwegian Continental Shelf. The FEED work will be executed as a part of Aker BP's alliance model. For the Fixed Facilities Alliance the scope of the FEEDs includes a new central platform with bridge connection to the existing Valhall field center, and an unmanned wellhead [...]
Akastor ASA's 50% owned affiliate AKOFS Offshore AS has signed a firm three-year contract with Petróleo Brasileiro S.A. for its vessel "Skandi Santos" which will perform a broad scope of subsea services in Brazil. The services will commence in Q4 2022 and the total contract value is about USD 107 million. AKOFS Offshore will be performing the Skandi Santos operations with its partners Bravante for marine services and IKM [...]
Aker Solutions has been awarded a sizeable1 contract by Equinor to deliver engineering, procurement and construction of a subsea compression module to be installed subsea at the Åsgard gas field, offshore Norway. The scope covers EPC of the fifth subsea compression module to be delivered by Aker Solutions for the Åsgard subsea gas compression system. The new module will be a copy of the previously awarded fourth module [...]
Akastor ASA has today received payment of USD 6.5 million following a settlement in respect of the right to earn-out payment under the share purchase agreement dated 13 July 2016 concerning the divestment of Managed Pressure Operations International Ltd . The SPA is formally with MHWirth AS as seller of MPO, but the right to any earn-out payment was carved out from the merger involving MHWirth and SDS which was completed [...]
Aker Solutions has been awarded a substantial1 contract by Petrobras to provide a subsea production system and related services for the Mero 4 project offshore Brazil. This is the fourth consecutive production system for the Mero field development, one of the largest oil discoveries in Brazil's pre-salt area. The company will deliver a subsea production system consisting of up to 13 vertical subsea trees designed for [...]
OSLO, Norway, Oct. 29, 2021 /PRNewswire/ -- Third Quarter Highlights Revenue from continuing operations of NOK 229 million in the quarter EBITDA from continuing operations of negative NOK 10 million in the quarter MHWirth revenue and EBITDA of NOK 757 million and NOK 49 million respectively in the quarter Total order intake of NOK 1 576 million in the quarter , including one full drilling equipment package to Guangzhou [...]
Increased revenue, order intake and backlog, with margins at 6.3 percent. In the third quarter of 2021, Aker Solutions 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. 3Q 2021 Financial Highlights Revenue NOK 7.3 billion EBITDA NOK 459 [...]
Akastor ASA invites investors and analysts to a webcast presentation of third quarter 2021 financial results on Friday 29 October 2021. Date and time: Friday 29 October 2021 at 8:00 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/20211029_4/ Questions can be submitted [...]
International offshore energy suppliers Aker Solutions, DeepOcean and Solstad Offshore have joined forces to create Windstaller Alliance. The new partnership aims to provide the world's most cost-efficient and complete product supply, fabrication and marine services offering within offshore wind. The alliance will also pursue other offshore renewables segments. Windstaller Alliance will combine the already [...]
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