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Aker Solutions ASA (AKSOL.OL)

AKSOL.OL on Oslo Stock Exchange

43.11NOK
22 Mar 2019
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Latest Key Developments (Source: Significant Developments)

Aker Solutions in Australia subsea compression deal with Chevron
Tuesday, 12 Mar 2019 

March 12 (Reuters) - Aker Solutions ASA ::AKER SOLUTIONS WINS FEED CONTRACT FOR SUBSEA COMPRESSION SYSTEM.HAS BEEN AWARDED A MASTER CONTRACT TO SUPPORT DELIVERY OF A SUBSEA COMPRESSION SYSTEM FOR CHEVRON AUSTRALIA-OPERATED JANSZ-IO FIELD OFFSHORE AUSTRALIA.FIRST SERVICE ORDER UNDER MASTER CONTRACT WILL BE FOR FRONT-END ENGINEERING AND DESIGN OF A SUBSEA COMPRESSION STATION THAT WILL BOOST RECOVERY OF GAS FROM FIELD.FEED SCOPE WILL ALSO COVER AN UNMANNED POWER AND CONTROL FLOATER, AS WELL AS OVERALL FIELD SYSTEM ENGINEERING SERVICES.FIELD CONTROL STATION WILL DISTRIBUTE ONSHORE POWER TO SUBSEA COMPRESSION STATION.AUSTRALIA WILL BE FIRST PLACE OUTSIDE OF NORWAY TO USE SUBSEA COMPRESSION TECHNOLOGY.  Full Article

Siemens, Aker Solutions to boost digital offerings
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Aker Solutions Asa ::SIEMENS AND AKER SOLUTIONS TO STRENGTHEN DIGITAL OFFERINGS THROUGH STRATEGIC COLLABORATION.SIEMENS AND AKER SOLUTIONS HAVE SIGNED A STRATEGIC COLLABORATION AGREEMENT TO FURTHER DEVELOP DIGITAL OFFERINGS IN ENGINEERING, OPERATIONS AND SERVICES.COLLABORATION FOCUSES ON CREATION OF SOFTWARE APPLICATIONS AND JOINT SERVICE OFFERINGS INCLUDING DEVELOPMENT OF INDUSTRIAL DIGITAL TWINS THAT WILL DRIVE EFFICIENCY THROUGHOUT ENTIRE PLANT LIFECYCLE.  Full Article

Aker Solutions Q3 beats forecast, sees higher revenues in 2019
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Aker Solutions ASA ::Q3 REVENUES NOK 6.5 BILLION (REUTERS POLL NOK 6.38 BILLION).Q3 EBITDA EX ITEMS NOK 492 MILLION (REUTERS POLL NOK 450 MILLION).Q3 ORDER BACKLOG NOK 36.1 BILLION (REUTERS POLL NOK 36.8 BILLION).Q3 ORDER INTAKE NOK 5.9 BILLION (REUTERS POLL NOK 6.1 BILLION).OUTLOOK FOR OIL SERVICES REMAINS COMPETITIVE AND THERE IS PRESSURE ON PRICING.STILL, THERE ARE INCREASING SIGNS OF A RECOVERY AMID LOWER BREAK-EVEN COSTS AND HIGHER OIL PRICES.FOR 2018, AKER SOLUTIONS CONTINUES TO SEE OVERALL REVENUE UP BY CLOSE TO 10 PERCENT FROM 2017.UNDERLYING 2018 EBITDA MARGINS ARE EXPECTED TO REMAIN AROUND YEAR-TO-DATE LEVELS, SUPPORTED BY SOLID EXECUTION AND COMPANY'S IMPROVEMENT PROGRAM.AKER SOLUTIONS SEES OVERALL REVENUE IN 2019 SLIGHTLY UP FROM 2018, ON BACK OF OUR STRONG ORDER INTAKE YEAR-TO-DATE, AND CONTINUED HIGH TENDERING ACTIVITY WITH UNDERLYING 2019 EBITDA MARGIN EXPECTED TO REMAIN AROUND FULL-YEAR 2018 LEVELS.AKER SOLUTIONS - TENDERING ACTIVITY IS HIGH IN COMPANY'S MAIN MARKETS, AKER SOLUTIONS IS BIDDING FOR CONTRACTS TOTALING ABOUT NOK 45 BILLION.  Full Article

Aker Solutions wins CNOOC contract worth more than NOK 1.7 bln
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Aker Solutions Asa ::REG-AKER SOLUTIONS WINS SUBSEA ORDER FOR LINGSHUI FIELD DEVELOPMENT IN CHINA.ORDERS VALUED AT MORE THAN NOK 1.7 BILLION ($205.40 MILLION)FROM CHINA NATIONAL OFFSHORE OIL CORPORATION (CNOOC) TO PROVIDE SUBSEA PRODUCTION SYSTEM AND UMBILICALS FOR LINGSHUI 17-2 GAS FIELD..LINGSHUI 17-2 IS CNOOC'S FIRST SUBSEA DEEPWATER PROJECT DEVELOPED BY COMPANY WITH WATER DEPTHS OF UP TO ABOUT 1,500 METERS.SUBSEA PRODUCTION SYSTEM FOR LINGSHUI 17-2 FIELD CONSISTS OF 11 HORIZONTAL SUBSEA TREES, FOUR MANIFOLDS, TOPSIDE AND SUBSEA CONTROL SYSTEM AND A VERTICAL TIE-IN CONNECTION SYSTEM.SCOPE ALSO INCLUDES MORE THAN 70 KILOMETERS OF STATIC AND DYNAMIC UMBILICALS, LINKING SUBSEA DEVELOPMENT TO A NEW, SEMISUBMERSIBLE PLATFORM.GLOBAL PROJECT WILL INVOLVE AKER SOLUTIONS' FACILITIES IN MALAYSIA, NORWAY AND UNITED KINGDOM.DELIVERY FOR SUBSEA PRODUCTION SYSTEM AND UMBILICALS WILL BE FROM SECOND HALF OF 2019 TO 2020.ORDER WILL BE BOOKED IN Q4 OF 2018.  Full Article

Aker Solutions says Equinor deal formalises joint ambition
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Aker Solutions ASA ::SIGNED A STRATEGIC, GLOBAL COLLABORATION AGREEMENT WITH EQUINOR TO ENSURE MUTUAL AND CONTINUOUS IMPROVEMENT ON CURRENT AND FUTURE SUBSEA PROJECTS WITHIN DOMAINS OF SAFETY, QUALITY, TECHNOLOGY, EXECUTION AND COST.AGREEMENT FORMALISES THE COMPANIES' JOINT AMBITIONS OF ACHIEVING EFFICIENCY AND IMPROVEMENT GOALS.  Full Article

TechnipFMC and Equinor sign strategic collaboration agreement
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - TechnipFMC PLC , FTI.PA::* TechnipFMC has signed a strategic collaboration agreement with Equinor.* Two parties will collaborate in continuous improvements to enable developing Equinor’s offshore projects globally, and covers the full scope of TechnipFMC products and services, from early phase, through project execution, including installation and subsea operations services.  Full Article

Aker CEO: Aker Solutions ready for M&A, with conditions
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Aker ASA CEO says::AKER SOLUTIONS <<>> IS READY TO PARTICIPATE IN MARKET CONSOLIDATION IF THE RESULT IS ENHANCED COMPETITIVENESS AND SHAREHOLDER VALUE.  Full Article

Aker Solutions Q2 EBITDA at NOK 439 mln
Thursday, 12 Jul 2018 

July 12 (Reuters) - Aker Solutions ASA ::AKER SOLUTIONS Q2 REVENUES NOK 6.3 BILLION (REUTERS POLL NOK 6.1 BILLION).Q2 EBITDA NOK 439 MILLION.AKER SOLUTIONS Q2 EBITDA EX ITEMS NOK 441 MILLION (REUTERS POLL NOK 436 MILLION).AKER SOLUTIONS Q2 ORDER INTAKE NOK 5.7 BILLION (REUTERS POLL NOK 5.4 BILLION).OUTLOOK FOR OIL SERVICES REMAINS COMPETITIVE AND THERE IS PRESSURE ON PRICING.AKER SOLUTIONS Q2 ORDER BACKLOG NOK 37 BILLION (REUTERS POLL NOK 36.8 BILLION).IS ON TRACK WITH ITS PROGRAM TO BOOST COST-EFFICIENCY ACROSS BUSINESS BY AT LEAST ANOTHER 20 PERCENT IN FOUR YEARS ENDING DEC 2021.SEES OVERALL REVENUE UP BY CLOSE TO 10 PERCENT IN 2018 FROM 2017.UNDERLYING 2018 EBITDA MARGINS ARE EXPECTED TO REMAIN AROUND CURRENT LEVELS.AKER SOLUTIONS Q2 EBITDA NOK 439 MILLION (REUTERS POLL NOK 433 MILLION).INDUSTRY IMPROVEMENT MEASURES ARE LOWERING BREAK-EVEN COSTS AND SPURRING PROJECT SANCTIONS.TENDERING ACTIVITY IS HIGH IN MAIN MARKETS, KEY PROJECTS ARE SEEN SANCTIONED IN NEXT 6 TO 12 MONTHS.  Full Article

Aker Solutions wins contract extension in North Sea
Wednesday, 4 Jul 2018 

July 4 (Reuters) - Aker Solutions ASA ::AKER SOLUTIONS HAS SECURED A THREE-YEAR CONTRACT EXTENSION, WITH TWO ONE-YEAR OPTIONS, FROM PERENCO UK TO CONTINUE OPERATIONS AND MAINTENANCE SERVICES ON ITS SOUTHERN NORTH SEA ASSETS.THE THREE-YEAR CONTRACT EXTENSION, EFFECTIVE THROUGH TO 2021, WILL SEE AKER SOLUTIONS CONTINUE TO PROVIDE CORE CREW OPERATIONS, MAINTENANCE AND CRAFT CONSTRUCTION PERSONNEL, AS WELL AS ELECTRICAL, INSTRUMENT AND PRODUCTION TECHNICIANS.THE COMPANIES ARE NOT DISCLOSING THE VALUE OF THE CONTRACT, WHICH WAS BOOKED IN THE SECOND QUARTER.  Full Article

Aker Solutions wins NOK 1 bln Troll contract from Equinor
Wednesday, 16 May 2018 

May 16 (Reuters) - Aker Solutions ASA ::AKER SOLUTIONS SECURES TROLL PHASE 3 TOPSIDE MODIFICATION CONTRACT.AKER SOLUTIONS SECURED A CONTRACT VALUED AT OVER NOK 1 BILLION FROM EQUINOR<<>> (formerly known as Statoil) TO DELIVER A MODULE FOR TROLL A PLATFORM.ENGINEERING, PROCUREMENT, CONSTRUCTION AND INSTALLATION (EPCI) CONTRACT IS COMPANY'S LATEST AWARD FOR WORK AT PHASE 3 OF TROLL DEVELOPMENT.EPCI WORK FOR MODULE IS AN OPTION ON FRONT-END ENGINEERING AND DESIGN WORK AKER SOLUTIONS WON IN SEPTEMBER 2017.  Full Article

UPDATE 1-Britain's Unite union workers vote for industrial action at Total North sea sites

LONDON, Feb 22 Britain's Unite union said on Friday its members have voted in favour of industrial action at the Elgin-Franklin, Shetland Gas Plant, North Alwyn and Dunbar platforms.