Search results for: Aker Solutions

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  • 17 July 2019
    Business & Finance, Operations & Maintenance, Project & Tenders

    Aker Solutions has seen red in the second-quarter 2019, as impairments affected the company’s bottom line, compared to same time last year. The Norwegian services player booked Q2 2019 loss of NOK 11 million, against profit of NOK 117 million in the prior-year comparable period. However, Earnings before interest, tax, depreciation and amortization (EBITDA), rose […]

  • 28 April 2016

    Aker Solutions, Norwegian provider of products and services to the international oil and gas industry, sees signs of improvement in the industry. Presenting its first quarter results on Thursday, the company acknowledged the markets were challenging, with projects being postponed across the industry, however it said that there were signs that cost-cutting efforts were having […]

  • 24 October 2018
    Business & Finance

    Oilfield services company Aker Solutions saw its orders more than double in the third quarter of 2018 from a year earlier amid increasing signs of a market recovery.

  • 7 February 2018

    Norwegian oil services company Aker Solutions has invested in floating wind power technology company Principle Power Inc., forming an alliance that brings its offshore oil and gas field engineering expertise into a renewable energy market.

  • 17 July 2019
    Business & Finance

    Norwegian oilfield services provider Aker Solutions recorded a loss in the second quarter of the year despite increase in revenues driven by higher activity.

  • 15 January 2020
    Business & Finance

    Aker Solutions is participating in a joint venture that has been issued a letter of award to provide offshore maintenance and modification services to an undisclosed client.

  • 2 September 2016
    Business & Finance

    Aker Solutions, a Norwegian oil services company, has named a new executive management team as a part of its reorganization efforts aimed at “further strengthening operational and financial performance and better meeting customer needs.” Aker said on Friday that the new organization will have five delivery centers: Customer Management, Front End, Products, Projects, and Services. […]

  • 23 October 2019
    Business & Finance

    Aker Solutions aims to generate about half of its revenue from renewable or distinct low carbon solutions by 2030, according to the company’s 20/25/30 strategy.

  • 23 October 2019
    Business & Finance

    Aker Solutions recorded a decrease in its third quarter 2019 profit, but its revenues jumped by 9% driven by increased activity levels compared to the same period last year.

  • 3 September 2019

    Aker Solutions has launched its Intelligent Subsea offering designed to, according to the company, accelerate field development and maximize performance.

  • 30 April 2019
    Business & Finance

    Norwegian oilfield services provider Aker Solutions recorded an increase in its quarterly profit and revenues driven by high activity levels. Looking ahead, Aker Solutions expects an increase in energy demand.  Aker Solutions recorded an increase in its first quarter 2019 net income which totaled NOK 149 million ($17.2M) compared to NOK 105 million ($12.1M) in […]

  • 8 February 2019
    Business & Finance

    Aker Solutions recorded an increase in profit in the last quarter of 2018 from the same period in 2017 on the back of higher revenues.

  • 13 July 2016

    Norwegian oilfield services company Aker Solutions has provided a somewhat positive outlook for the next year and a half. Presenting its second quarter results, Aker Solutions said that the markets are challenging and projects are being postponed across the industry. However, with cost cuts driving down break-even costs, some major developments might be sanctioned in […]

  • 12 July 2018
    Business & Finance

    Aker Solutions posted an increase in profit and revenues as its orders almost doubled in the second quarter of 2018 compared to a year earlier amid a pickup in activity.

  • 7 February 2020
    Business & Finance

    Aker Solutions sank to a quarterly loss despite a 6% increase in revenues, but the company expects an increase in global energy demand in the long-term. 

  • 11 October 2019

    Norwegian engineering company Aker Solutions has emerged as the lowest bidder in a bid opening ceremony for a subsea project.

  • 14 June 2019

    Norwegian offshore oil and gas engineering and services firm Aker Solutions has appointed a new Chief Financial Officer.

  • 27 April 2018
    Business & Finance

    Norwegian oil services company Aker Solutions saw an increase in its quarterly profit and revenues amid signs of a market rebound. 

  • 27 October 2017

    Aker Solutions of Norway hired four LNG specialists to bolster its liquefied natural gas capabilities to capitalize on the expected surge in global demand for the fuel. 

  • 18 June 2010

    Aker Solutions has been awarded another subsea equipment contract by leading US independent oil and gas company Noble Energy Inc. This time Aker Solutions will deliver subsea control equipment worth approximately NOK 150 million. Scope of work is engineering, manufacturing and delivery of a subsea controls distribution system, umbilical termination assemblies (UTA) and related equipment. […]

  • 1 December 2011
    Business & Finance, Operations & Maintenance

    As the chase for oil and gas moves further north, the oil services industry follows. Today Aker Solutions announces plans to establish a large engineering office in Tromsø as part of the company’s northern Norway strategy. The new office will gather knowledge and expertise related to the northern region. It will become involved in engineering […]

  • 11 July 2014
    Business & Finance

    The board of directors of Aker Solutions has in accordance with the strategy disclosed April 30 resolved to propose to the company’s shareholders that Aker Solutions be split into two companies. The board has also determined to write down the value of some assets in the Aker Oilfield Services unit of Akastor, one of two […]