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Akastor ASA (AKAS.OL)

AKAS.OL on Oslo Stock Exchange

8.58NOK
22 Nov 2019
Change (% chg)

kr0.33 (+4.00%)
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kr8.25
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Volume
153,565
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179,686
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kr14.86
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Latest Key Developments (Source: Significant Developments)

Akastor Appoints Øyvind Paaske CFO
Friday, 22 Nov 2019 

Nov 22 (Reuters) - Akastor ASA ::: ØYVIND PAASKE APPOINTED AS CFO IN AKASTOR.: ØYVIND PAASKE APPOINTED AS CFO IN AKASTOR.ØYVIND PAASKE HAS BEEN APPOINTED AS CHIEF FINANCIAL OFFICER IN AKASTOR ASA EFFECTIVE FROM 1 MARCH 2020.ØYVIND PAASKE REPLACES LEIF H. BORGE WHO WILL REMAIN IN POSITION UP TO THIS DATE, AFTER WHICH HE WILL ASSUME A NEW POSITION IN A COMPANY OUTSIDE AKER GROUP.  Full Article

Akastor Q3 EBITDA Nok 133 Million
Tuesday, 29 Oct 2019 

Oct 29 (Reuters) - Akastor ASA ::AKASTOR ASA: THIRD QUARTER RESULTS 2019.AKASTOR Q3 REVENUE NOK 1 430 MILLION VERSUS NOK 955 MILLION YEAR AGO.AKASTOR Q3 EBITDA NOK 133 MILLION VERSUS NOK 87 MILLION YEAR AGO.AKASTOR Q3 ORDER BACKLOG NOK 3.27 BILLION VERSUS NOK 2.76 BILLION YEAR AGO.  Full Article

Akastor Q1 EBITDA Up At NOK 92 Million
Thursday, 2 May 2019 

May 2 (Reuters) - Akastor ASA ::REG-AKASTOR ASA: FIRST QUARTER RESULTS 2019.Q1 EBITDA NOK 92 MILLION VERSUS NOK 63 MILLION YEAR AGO.AKASTOR Q1 REVENUE AND OTHER INCOME NOK 1.01 BILLION VERSUS NOK 881 MILLION IN Q1 2018.Q1 ORDER INTAKE NOK 1.15 BILLION VERSUS NOK 1.07 BILLION YEAR AGO.Q1 TOTAL REVENUES WERE NOK 1,070 MILLION, UP 21% YOY.  Full Article

Akastor's MHWirth wins $100 mln contract from Keppel shipyard
Thursday, 11 Apr 2019 

April 11 (Reuters) - Akastor ASA ::REG-AKASTOR ASA: MHWIRTH HAS BEEN AWARDED CONTRACT FOR NEW DRILLING EQUIPMENT PACKAGE FROM KEPPEL FELS.CONTRACT VALUE FOR DRILLING EQUIPMENT PACKAGE, INCLUDING A MID-WATER RISER PACKAGE, IS APPROXIMATELY USD 100 MILLION.THIS WILL BE INCLUDED IN ORDER INTAKE IN Q2 2019.THIS IS FIRST OUT OF THREE OPTIONS THAT WERE GIVEN WHEN KEPPEL FELS AND MHWIRTH SIGNED A CONTRACT IN APRIL 2018 FOR A SIMILAR DRILLING EQUIPMENT PACKAGE.  Full Article

Akastor appoints chairman, CEO of MHWirth unit
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Akastor ASA ::MHWIRTH STRENGTHENS LEADERSHIP - MERRILL A. "PETE" MILLER JR. APPOINTED EXECUTIVE CHAIRMAN AND EIRIK BERGSVIK APPOINTED CEO.PETE MILLER HAS BEEN APPOINTED EXECUTIVE CHAIRMAN OF MHWIRTH AND EIRIK BERGSVIK AS CEO. BOTH CHANGES ARE EFFECTIVE TODAY.  Full Article

Akastor Q4 EBITDA NOK 63 Million
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Akastor ASA ::Q4 TOTAL REVENUES WERE NOK 1 090 MILLION, UP 22% COMPARED WITH SAME QUARTER PREVIOUS YEAR.Q4 EBITDA WAS NOK 63 MILLION, AT SAME LEVEL AS EBITDA IN Q4 2017 ADJUSTED FOR SEVERAL SPECIAL ITEMS.  Full Article

Akastor says First Geo to merge with AGR
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Akastor ASA ::AKASTOR ASA: FIRST GEO AND AGR COMBINE TO CREATE LEADING PROVIDER OF WELL-, RESERVOIR- AND SOFTWARE SERVICES.MERGED COMPANY WILL BE NAMED AGR.MERGED COMPANY WILL ROLL OVER NOK 270 MILLION OF DEBT OF WHICH DNB, NORDEA AND AKASTOR WILL HOLD NOK 90 MILLION EACH.AKASTOR WILL HOLD 100% OF SHARES IN COMPANY AND 55% OF ECONOMIC INTEREST. AGR STAKEHOLDERS WILL OWN REMAINING 45% ECONOMIC INTEREST.ON A CONSOLIDATED BASIS, MERGED COMPANY WOULD HAVE TOTAL YEAR-TO-DATE REVENUES OF NOK 500 MILLION, EBITDA OF NOK 18 MILLION.MERGED COMPANY WILL BE LED BY SVEIN SOLLUND, CURRENT CEO OF AGR.CLOSING IS EXPECTED TO TAKE PLACE AT END OF 1Q 2019.AGR WILL BE CONSOLIDATED IN TO AKASTOR ASA'S FINANCIAL REPORTING POST-CLOSING.  Full Article

Akastor firm in advanced talks with Awilco Drilling over contract
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Akastor ::AKASTOR ASA: MHWIRTH IN ADVANCED DISCUSSIONS FOR DRILLING EQUIPMENT PACKAGE‍.AWILCO DRILLING <<<0Q2K.L>>>HAS ANNOUNCED TODAY THAT IT IS IN NEGOTIATIONS FOR CONSTRUCTION OF A NEW SEMISUBMERSIBLE DRILLING RIG, WHICH IS INTENDED TO BE USED FOR NORTH SEA OPERATIONS​.‍MHWIRTH AS, A COMPANY OWNED BY AKASTOR ASA, HAS BEEN SELECTED BY AWILCO DRILLING PLC FOR DELIVERY OF DRILLING EQUIPMENT PACKAGE, WITH OPTIONS FOR FURTHER THREE PACKAGES.‍.COMPANY WILL REVERT WITH FURTHER DETAILS SHOULD ADVANCED DISCUSSIONS LEAD TO A FINAL DRILLING EQUIPMENT CONTRACT BEING ENTERED INTO WITH MHWIRTH.​​.  Full Article

‍Awilco Drilling to issue $65 mln in new shares to build $425 mln rig at Keppel
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Awilco Drilling Plc <0Q2K.L>AWDR.OL::REG-AWILCO DRILLING PLC: CONTEMPLATED PRIVATE PLACEMENT.‍AWILCO DRILLING IS CONTEMPLATING A PRIVATE PLACEMENT OF NEW SHARES WITH GROSS PROCEEDS IN AMOUNT OF USD 65 MILLION DIRECTED TOWARDS NORWEGIAN AND INTERNATIONAL INVESTORS​.AWILCO DRILLING PLC: ‍ABG SUNDAL COLLIER ASA<<>>, ARCTIC SECURITIES AS, AND FEARNLEY SECURITIES AS HAVE BEEN RETAINED AS MANAGERS ( "MANAGERS") FOR PRIVATE PLACEMENT​.AWILCO DRILLING PLC: ‍SUBSCRIPTION PRICE WILL BE FIXED AT NOK 29 PER SHARE​.AWILCO DRILLING PLC: ‍NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO PART FINANCE EQUITY REQUIREMENT FOR BUILDING OF A NEW SEMISUBMERSIBLE DRILLING RIG FOR HARSH ENVIRONMENT USE​.AWILCO DRILLING PLC: NEW RIG TO BE BUILT BY PREMIUM YARD KEPPEL FELSKLPM.SI IN SINGAPORE AT A PRICE OF APPROXIMATELY USD 425 MILLION, AND WITH PLANNED DELIVERY IN 2021​.AWILCO DRILLING PLC: ‍IN CONNECTION WITH ENTERING INTO A LETTER OF INTENT FOR SUCH NEWBUILDING, COMPANY HAS NEGOTIATED OPTIONS TO BUILD UP TO THREE ADDITIONAL RIGS OF SIMILAR DESIGN, SUCH OPTIONS TO BE INDEPENDENT OF EACH OTHER​.AWILCO DRILLING PLC: ‍HAS RECEIVED SIGNIFICANT INDICATIONS OF INTEREST TO PARTICIPATE IN PRIVATE PLACEMENT AND PRIVATE PLACEMENT IS FULLY COVERED​.  Full Article

Akastor's Q4 EBITDA drops year-on-year
Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - Akastor Asa ::AKASTOR Q4 EBITDA NOK ‍167​ MILLION VERSUS YEAR-AGO NOK 193 MILLION.‍TOTAL REVENUES WERE NOK 1,098 MILLION, COMPARED TO REVENUES OF NOK 1,288 MILLION THE SAME QUARTER PREVIOUS YEAR​.THE ORDER INTAKE FOR AKASTOR IN THE QUARTER WAS NOK 1.3 BILLION, RESULTING IN AN AGGREGATE ORDER BACKLOG OF NOK 6.9 BILLION‍​.  Full Article