Aker Solutions and Baker Hughes Form Subsea Production Alliance
Aker Solutions ASA and Baker Hughes Incorporated have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates and reduce costs for subsea fields. The non-incorporated alliance will combine Aker Solutions’ strengths in subsea production and processing systems with Baker Hughes’ expertise …
Aker Solutions: Focus on Quality of Operations, Returns Paying Off
Aker Solutions‘ increased attention to operations and return on equity is starting to pay off after a challenging start to the year. The company will today at its capital markets day announce that all business areas are committed to improvement programmes that will start translating into double-digit profit margins for …
Aker Solutions: Second-Quarter Results 2013
Key Developments Aker Solutions’ earnings for the second quarter of 2013 were impacted by low capacity utilisation in the engineering business as new orders waned. The result was also pushed down by idle-time at the Aker Wayfarer and the Skandi Aker vessels as well as a minor loss in the …