Halliburton: Looking to Buy Aker Solutions? No Change in Ownership says Aker ASA
Norwegian investment firm Aker ASA does not plan to announce any news regarding its holdings in engineering firm Aker Solutions, where it is the top owner, an Aker spokesman said on Tuesday. After rumours Halliburton was looking to purchase the company. Financial daily Finansavisen late on Monday reported that U.S. …
Aker Solutions to Provide Global Subsea Engineering Services to BP
Aker Solutions secured a global framework agreement to deliver engineering and project management services at BP-operated subsea oil and gas fields. The contract has a fixed period of five years and may be extended by two years. It covers subsea engineering services, asset integrity management and operations support. “We are …
Statoil: Signs Subsea Agreements with Aker Solutions and OneSubsea
Statoil Petroleum AS has signed Master Service Agreements with Aker Solutions ASA and OneSubsea Processing AS. The agreements signed form the basis for potential new EPC contracts (engineering, procurement and construction) for subsea equipment in the medium term future. An EPC option agreement for subsea production system (SPS) has also …
Aker Solutions and Saipem: To Form Joint Working Group on Targeted Subsea Projects
Aker Solutions and Saipem agreed to cooperate on targeted subsea oil and gas development projects worldwide. The companies will through a joint work group identify opportunities where they can create value for customers by combining Aker Solutions‘ capabilities in subsea products and technologies with Saipem’s assets and expertise in engineering, …
Aker Solutions: Q3 Results – Order Back Log at 40.7bn NOK
Financial Highlights – Sales NOK 7.5 billion in 3Q 2015 vs NOK 8.3 billion in 3Q 2014 – Earnings before interest, taxes, depreciation and amortization (EBITDA) NOK 521 million vs NOK 615 million a year earlier – EBITDA margin 7% vs 7.4% a year earlier – EBITDA margin ex. special …
Aker Solutions and MAN Diesel & Turbo Form Subsea Compression Alliance
Aker Solutions and MAN Diesel & Turbo agreed to form an alliance to develop the next generation in subsea compression systems that can be used at even the smallest oil and gas fields to increase recovery and lower costs compared with conventional platform solutions. The two companies will build on …
Aker Solutions: David Clark Named Regional President of UK and Africa
Aker Solutions has appointed David Clark as regional president of the UK and Africa to oversee an expansion and support operations in these key markets. Clark, a UK national, has more than 30 years of experience from the oilfield services, projects and contracting industry, most recently as vice president of …
Aker Solutions: Q2 Results – Strong Oder Backlog in Challenging Economic Times
Aker Solutions‘ revenue was steady at NOK 8 billion in the second quarter of 2015 from a year earlier amid progress on major projects from Africa to Norway and Brazil. Earnings before interest and taxes (EBIT) were NOK 376 million, compared with NOK 472 million a year earlier. Financial Highlights …
Aker Solutions and Baker Hughes to Cooperate on Early-Phase Oil and Gas Studies
Aker Solutions and Baker Hughes agreed to cooperate on early-phase studies to help customers improve the overall economics and value of oil and gas field developments. Aker Solutions and Baker Hughes to Cooperate on Early-Phase Oil and Gas Studies Aker Solutions’ Front End Spectrum unit and Baker Hughes’ Reservoir Development …
Aker Solutions Wins First Order in Offshore Mexico
Aker Solutions won its first order for a project offshore Mexico as it secured a contract from Saipem to supply umbilicals for the Pemex-operated Lakach deepwater natural-gas field. Aker Solutions will deliver electro-hydraulic steel tube umbilicals of about 73 kilometers (45 miles) that will help connect Mexico’s first subsea gas …