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Aker Solutions ASA (AKSOL.OL)

AKSOL.OL on Oslo Stock Exchange

28.38NOK
13 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Aker Solutions with Contemplated Tap Issue
Tuesday, 27 Aug 2019 

Aug 27 (Reuters) - Aker Solutions ASA ::: CONTEMPLATED TAP ISSUE.IS CONTEMPLATING A TAP ISSUE OF UP TO NOK 500 MILLION IN OUTSTANDING SENIOR UNSECURED BOND "AKSO04".NET PROCEEDS FROM CONTEMPLATED TAP ISSUE WILL BE USED FOR GENERAL CORPORATE PURPOSES.CURRENT OUTSTANDING BOND AMOUNT IS NOK 1,000 MILLION AND BORROWING LIMIT IS NOK 1,500 MILLION.IN CONJUNCTION WITH CONTEMPLATED TAP ISSUE, AKER SOLUTIONS ASA MAY CONSIDER BUYBACK OF BONDS IN "AKSO02" (ISIN NO0010661051) FOR AN AMOUNT OF UP TO NOK 500 MILLION.  Full Article

Aker Solutions To Deliver Umbilicals For Project In United Arab Emirates
Wednesday, 21 Aug 2019 

Aug 21 (Reuters) - Aker Solutions ASA ::AKER SOLUTIONS TO DELIVER UMBILICALS FOR THE DALMA GAS DEVELOPMENT PROJECT IN THE UNITED ARAB EMIRATES.THE WORK WILL START UP IMMEDIATELY AND BE FINALIZED IN THE FIRST QUARTER 2021.THE VALUE OF THE CONTRACT IS ABOUT NOK 700 MILLION.THE ORDER WILL BE BOOKED IN THE THIRD QUARTER 2019.  Full Article

Aker Solutions Q2 EBITDA Up At NOK 623 Million
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Aker Solutions ASA ::: SECOND-QUARTER AND HALF-YEAR RESULTS 2019.AKER SOLUTIONS Q2 REVENUES NOK 7.5 BILLION VERSUS NOK 6.3 BILLION YEAR AGO.AKER SOLUTIONS Q2 EBITDA NOK 623 MILLION VERSUS NOK 439 MILLION YEAR AGO.AKER SOLUTIONS Q2 ORDER INTAKE NOK 3.8 BILLION VERSUS NOK 5.7 BILLION YEAR AGO.AKER SOLUTIONS Q2 ORDER BACKLOG NOK 29.5 BILLION VERSUS NOK 37 BILLION YEAR AGO.AKER SOLUTIONS SEES OVERALL REVENUE UP BY AROUND 10 PERCENT IN 2019 FROM 2018.HE COMPANY MAINTAINS ITS OUTLOOK FOR FULL-YEAR UNDERLYING EBITDA MARGINS TO BE UP YEAR-ON-YEAR INCLUDING EFFECTS OF IFRS 16.EXCLUDING EFFECTS OF IFRS 16, COMPANY EXPECTS FULL-YEAR EBITDA MARGIN AROUND CURRENT LEVELS.AKER SOLUTIONS Q2 EBITDA EX ITEMS NOK 629 MILLION VERSUS NOK 441 MILLION YEAR AGO.WE ARE STILL SEEING HIGH TENDERING ACTIVITY IN OUR TARGET MARKETS - CEO.WE CONTINUE TO SEE DEMAND FOR STUDIES AND FRONT-END WORK FOR LARGER AND MORE COMPLEX PROJECTS - CEO.  Full Article

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

UPDATE 1-Aker Solutions beats forecasts despite pricing pressure

OSLO, July 17 Aker Solutions beat second-quarter earnings on Wednesday citing demand from the offshore oil sector despite price pressure from ongoing high capacity.