Edition:
India

Aker Solutions ASA (AKSOL.OL)

AKSOL.OL on Oslo Stock Exchange

54.86NOK
21 Aug 2018
Change (% chg)

kr1.06 (+1.97%)
Prev Close
kr53.80
Open
kr53.56
Day's High
kr55.08
Day's Low
kr53.32
Volume
358,152
Avg. Vol
914,974
52-wk High
kr58.08
52-wk Low
kr34.60

Latest Key Developments (Source: Significant Developments)

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

Statoil awards Troll 3, Askeladd contracts to Aker Solutions
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS WINS SUBSEA ORDERS FROM STATOIL FOR TROLL PHASE 3 AND ASKELADD NATURAL-GAS DEVELOPMENTS OFFSHORE NORWAY​.‍CONTRACTS HAVE A TOTAL ESTIMATED VALUE OF BETWEEN NOK 1.5-2 BILLION CROWN AND WILL BE BOOKED IN Q1​.‍WORK STARTS THIS MONTH, WITH FINAL DELIVERIES SCHEDULED FOR 2020​.‍WILL DELIVER A SUBSEA PRODUCTION SYSTEM CONSISTING OF TWO MANIFOLDS AND NINE TREES FOR TROLL DEVELOPMENT IN NORTH SEA​.‍SYSTEM FOR ASKELADD IN BARENTS SEA WILL BE COMPRISED OF TWO MANIFOLDS AND FOUR TREES​.‍BOTH ORDERS INCLUDE INSTALLATION AND COMMISSIONING SUPPORT SERVICES​.SAYS LOOKS FORWARD TO WORKING WITH STATOIL ON THESE FIELDS, WHICH ARE KEY TO FURTHER DEVELOPING NORWAY AS A MAJOR GAS SUPPLIER​.SAYS ‍WORK ON TWO SYSTEMS WILL INVOLVE FACILITIES IN NORWAY, BRAZIL, UK AND MALAYSIA​.‍INITIAL DELIVERIES ARE SCHEDULED FOR Q2 OF 2019​.  Full Article

Aker Solutions completes NOK 1.5 bln bond issue
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS ASA: SUCCESSFULLY COMPLETED BOND ISSUE.‍SUCCESSFULLY COMPLETED A NOK 1,500 MILLION SENIOR UNSECURED BOND ISSUE WITH MATURITY IN JULY 2022​.‍BOND ISSUE WAS SUBSTANTIALLY OVERSUBSCRIBED. BONDS WILL HAVE A COUPON OF 3 MONTH NIBOR + 3.15% P.A​.‍PROCEEDS WILL BE USED FOR GENERAL CORPORATE PURPOSES​.‍WE HAVE SEEN SOLID INVESTOR INTEREST AND ACHIEVED COMPETITIVE TERMS THAT REFLECT AKER SOLUTIONS' STRONG CREDIT POSITION​.‍DNB MARKETS, NORDEA, SEB AND SWEDBANK ACTED AS JOINT LEAD MANAGERS FOR BOND ISSUE​.  Full Article

Aker Solutions CEO says 2018 looks better than 2017 after strong Q4
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - OIL SERVICES FIRM AKER SOLUTIONS CEO LUIS ARAUJO TOLD REUTERS::AKER SOLUTIONS CEO: WE HAVE HAD AN EXTREMELY GOOD FOURTH-QUARTER.AKER SOLUTIONS CEO: 2018 STARTS BETTER THAN 2017, COMPANY HAS ALREADY SECURED A LARGE PART OF 2018 REVENUES IN ORDER BOOK.AKER SOLUTIONS CEO EXPECTS AROUND SIX FINAL INVESTMENT DECISION ON OIL FIELDS TO BE SANCTIONED DURING 1H 2018 IN NORWAY.AKER SOLUTIONS CEO SAYS ACTIVITY IS PICKING UP IN AFRICA AND BRAZIL.AKER SOLUTIONS CEO SAYS STILL LOOKING FOR ACQUISITIONS.  Full Article

Statoil awards subsea contracts worth up to NOK 40 bln
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Statoil Asa ::‍STATOIL HAS AWARDED NEW SUBSEA MAINTENANCE FRAMEWORK AGREEMENTS TO AKER SOLUTIONS<<>> , TECHNIPFMC<<>> AND ONESUBSEA..CONTRACTS ARE FOR WORK ON THE NORWEGIAN CONTINENTAL SHELF​.‍CONTRACTS HAVE A TOTAL ESTIMATED VALUE OF MORE THAN NOK 8 BILLION AND A DURATION EXTENDING TO 2023.​.‍IN ADDITION, CONTRACTS INCLUDE OPTIONS FOR A TOTAL OF 20 YEARS. ESTIMATED TOTAL VALUE WILL BE APPROXIMATELY NOK 40 BILLION, SHOULD ALL OPTIONS WITH ASSUMED SCOPE OF WORK BE EXERCISED.​.‍NEW AGREEMENTS APPLY TO STATOIL-OPERATED SUBSEA WELLS ON NORWEGIAN CONTINENTAL SHELF WITH EQUIPMENT FROM AFOREMENTIONED SUPPLIERS AND INCLUDE MAINTENANCE OF EQUIPMENT BELONGING TO MORE THAN 500 WELLS.​.‍FIGURES INCLUDE PLANNED WELLS IN FIELD DEVELOPMENTS OF JOHAN CASTBERG AND SNORRE EXPANSION PROJECT.​.  Full Article

Aker Solutions books Statoil contract of at least NOK 3 bln​
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Aker Solutions ::REG-AKER SOLUTIONS SECURES SUBSEA SERVICES AGREEMENT WITH STATOIL.‍CONTRACT HAS A FIXED PERIOD OF FIVE YEARS, STARTING IN Q1 OF 2018, AND CONTAINS FIVE FOUR-YEAR EXTENSION OPTIONS.​.‍ITS VALUE DEPENDS ON AMOUNT OF WORK ORDERED BY STATOIL UNDER AGREEMENT. THIS IS CURRENTLY ESTIMATED AT ABOUT NOK 3 BILLION FOR FIXED PERIOD AND WILL BE BOOKED IN FOURTH-QUARTER ORDERS.​.  Full Article

Aker Solutions wins $120 mln order from Maersk Drilling
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS WINS MODIFICATIONS CONTRACT FROM MAERSK DRILLING.WON AN ORDER FROM MAERSK DRILLING TO MODIFY PRODUCTION MODULE ON MÆRSK INSPIRER JACK-UP RIG FOR REPSOL-OPERATED YME OILFIELD OFFSHORE NORWAY​.‍ORDER IS VALUED AT ABOUT 1 BILLION NORWEGIAN CROWNS ($120.01 million) AND WILL BE BOOKED IN Q4​.‍WORK ON PROJECT IS SET TO START IMMEDIATELY AND CONCLUDE AT END OF 2019​.  Full Article

Aker Solutions wins Aker BP field production systems deal
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS TO PROVIDE SUBSEA PRODUCTION SYSTEM FOR AKER BP'S ÆRFUGL.‍WAS AWARDED A CONTRACT FROM AKER BP TO DELIVER SUBSEA PRODUCTION SYSTEM FOR FIRST PHASE OF ÆRFUGL DEVELOPMENT OFFSHORE NORWAY​.‍AWARD WAS MADE ON BEHALF OF SKARV UNIT AND IS SUBJECT TO GOVERNMENT APPROVAL OF PLAN FOR DEVELOPMENT AND OPERATION (PDO) OF ÆRFUGL (PREVIOUSLY KNOWN AS SNADD)​.‍SUBSEA SYSTEM WILL INCLUDE WELLHEADS, VERTICAL SUBSEA TREES, A TIE-IN MODULE AND AN UMBILICAL RISER BASE. CONTRACT INCLUDES AN OPTION FOR ÆRFUGL PHASE 2.​.‍ÆRFUGL IS A GAS CONDENSATE FIELD ABOUT 210 KILOMETERS OFFSHORE SANDNESSJØEN IN NORWAY. IT WILL BE CONNECTED BACK TO SKARV FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL OPERATED BY AKER B​.‍ÆRFUGL IS A GAS CONDENSATE FIELD ABOUT 210 KILOMETERS OFFSHORE SANDNESSJØEN IN NORWAY. IT WILL BE CONNECTED BACK TO SKARV FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL OPERATED BY AKER BP​.‍FIRST PHASE OF ÆRFUGL INCLUDES THREE PRODUCTION WELLS AND IS SCHEDULED TO START IN Q4 OF 2020​.‍PARTIES AGREED TO NOT DISCLOSE FINANCIAL VALUE OF CONTRACT, WHICH WILL BE BOOKED IN FOURTH-QUARTER ORDERS​.  Full Article

Workers at Total's UK oil platforms stage strike over rotas

LONDON Workers at three of Total's British offshore oil and gas platforms went ahead with a 12-hour strike on Monday, a spokesman for Unite said, with further industrial action planned if no agreement on new rotas is reached.