Search results for: Fjords Processing

35745 results

A list of search results

  • 16 December 2016

    Akastor ASA, an oil service investment company, has completed the sale of Fjords Processing to National Oilwell Varco (NOV). The definitive sales agreement between the parties signed on October 27, 2016, was for a debt- and cash-free consideration of NOK 1.2 billion ($145.2 million). The transaction provided an accounting gain of approximately NOK 650 million to […]

  • 27 October 2016
    Business & Finance

    Akastor ASA, an oil service investment company, has entered into a definitive agreement to sell Fjords Processing to National Oilwell Varco (NOV) for a consideration of NOK 1.2 billion ($145.2M) on a debt- and cash-free basis. Fjords is a global provider in complete process support systems for gas, oil and water. Akastor said on Thursday […]

  • 27 October 2016
    Business & Finance, Equipment

    Akastor, an oil service investment company, has entered into a definitive agreement to sell its wellstream processing technology provider, Fjords Processing, to National Oilwell Varco (NOV) for a consideration of NOK 1,200 million on a debt- and cash-free basis. The transaction will realize an accounting gain of approximately NOK 650 million to Akastor, and will […]

  • 2 September 2016
    Business & Finance

    Norway’s Fjords Processing has won a contract with Shell UK for Risk-Based Approach (RBA) environmental impact studies for produced water discharges on eight fields in the UK North Sea. Fjords Processing said on Thursday that the studies would be done on the Nelson, Gannet, Shearwater, Leman, Brent C and Pierce fields this year and the Lomond and […]

  • 13 April 2015

    Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream separation and treatment solutions for the subsea and topside oil and gas industry.

  • 13 April 2015

    Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream separation and treatment solutions for the subsea and topside oil and gas industry.

  • 3 July 2015
    Equipment

    Norway’s Fjords Processing, a company independent since the separation from Aker Solutions in September 2014, has won three contracts for the deliveries of process systems for the Johan Sverdrup development in the North Sea. The company signed the contracts with Statoil on behalf of the Johan Sverdrup partnership. According to Fjords Processing, the scope of work […]

  • 13 April 2015
    Business & Finance, Equipment

    Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for “advanced, cost-effective wellstream separation and treatment solutions” for the subsea and topside oil and gas industry. The WellSep alliance will apply Aker Solutions’ subsea processing experience and testing facilities and Fjords’ topside and onshore separation technologies to provide complete solutions. […]

  • 9 September 2016
    Infrastructure, Project & Tenders

    Fjords Processing has completed and delivered a sulfate removal unit (SRU) and seawater injection treatment package which will be used on the Petrobras P-75 FPSO in Brazil. The company said on Thursday that the unit was built for offshore contractor QGI Brasil, who is running the FPSO topsides construction. The SRU was built at Morimatsu […]

  • 13 April 2015
    Operations & Maintenance, Project & Tenders

    Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream separation and treatment solutions for the subsea and topside oil and gas industry. The WellSep alliance will apply Aker Solutions’ subsea processing experience and testing facilities and Fjords’ topside and onshore separation technologies to provide complete solutions, […]

  • 16 April 2015
    Business & Finance, Equipment, Operations & Maintenance

    Oilfield services investment company, Akastor, has confirmed that its wholly owned portfolio company MHWirth will axe its global workforce due to deterioration in the rig market. Namely, in February this year, MHWirth announced it will be reducing its workforce between 500-750 people. In line with that announcement, Akastor today informed that 750 jobs will be […]

  • 27 October 2016
    Business & Finance

    U.S. oilfield equipment provider National Oilwell Varco (NOV) sank to a loss during 3Q 2016 due to impairment charges as its revenues halved during the quarter.  On Wednesday, NOV reported a third quarter 2016 net loss of $1.36 billion compared to a profit of $155 million in the corresponding quarter last year. Excluding other items, […]

  • 3 November 2016
    Business & Finance, Operations & Maintenance

    Oilfield services investment company, Akastor, has managed to cut its loss in the third quarter of 2016, despite close to 50 percent revenue decrease on mostly lower impairments compared to the corresponding quarter in 2015. The Oslo-listed company recorded loss of NOK 160 million ($19.6 million) for the third-quarter 2016 compared to loss off NOK 1.38 […]

  • 14 July 2016
    Business & Finance, Equipment, Operations & Maintenance

    Oilfield services investment company, Akastor, has booked a second-quarter 2016 loss as revenue declines in the weak market. The Oslo-listed company recorded loss of NOK 838 million (approx. $100 million) for the second quarter 2016, compared to loss off NOK 298 million ($35.5 million) in the corresponding quarter in 2015. Loss for the first half year was NOK 1.2 […]

  • 2 May 2016
    Business & Finance, Equipment, Operations & Maintenance

    Oilfield services investment company, Akastor, has booked a first-quarter 2016 loss on sharp decline in revenues caused by the weak market. The Oslo-listed company recorded loss of NOK 366 million ($45.4 million) for the first quarter 2016 compared to loss off NOK 251 million ($31.1 million) in the corresponding quarter in 2015. Akastor, as a group, […]

  • 17 February 2016
    Business & Finance, Equipment, Operations & Maintenance

    Oilfield services investment company, Akastor, has booked a fourth-quarter 2015 loss as the weak market caused impairments and low order intake to hit the Group’s earnings. The Oslo-listed company recorded loss of NOK 638 million ($74 million) for the third quarter 2015 and loss for full year of NOK 2.56 billion ($296.7 million). Earnings per share for the quarter […]

  • 16 July 2015
    Business & Finance, Equipment, Operations & Maintenance

    Oilfield services investment company, Akastor, has remained in red as the challenging market situation continues in the second quarter. The Oslo-listed company posted a loss of NOK 298 million ($36.4 million) for the second quarter 2015 and loss for the first half year of NOK 549 million ($67 million). Earnings per share are negative NOK 1.10. To remind, […]

  • 28 April 2015
    Business & Finance, Operations & Maintenance

    Oilfield services investment company, Akastor, has posted a loss of NOK 251 million ($32.4 million), compared with NOK 3.26 billion ($421 million,  NOK 3.23 billion from discontinued operations) in the corresponding period in 2014. The Oslo-listed company remained in red following the fourth-quarter 2014 loss of NOK 502 million. Akastor was established as a separate listed […]

  • 10 February 2015
    Business & Finance, Operations & Maintenance

    An oilfield services investment company, Akastor, has recorded a net loss for the fourth quarter 2014 of NOK 502 million. The net profit for the continuing operations ended at NOK -475 million in the fourth quarter. Net profit from discontinued operations was NOK -27 million. For 2014 as a whole, net profit ended on NOK -1 […]

  • 16 July 2015

    Akastor, a Norway-based oil-services investment company, will cut 585 jobs by the end of 2015.   Akastor, formerly a part of Norway’s oilfield services company Aker Solutions, owns six stand-alone businesses within the oilfield service industry: MHWirth, Frontica Business Solutions, AKOFS Offshore, Fjords Processing and KOP Surface Products. Akastor said Thursday that cost reduction activities will involve all […]

  • 14 December 2011

    Today Fjord1 will have a naming ceremony for MF Boknafjord, the world’s largest gas ferry. The new eco-friendly ferry, delivered by Fiskerstrand BLRT AS, will serve the Arsvågen-Mortavika route on the Boknafjord in Rogaland County, in addition to making sure the Halhjem-Sandvikvåg route in Hordaland County now gets a spare vessel. The traffic on these […]

  • 14 December 2011
    Business & Finance

    Today Fjord1 will have a naming ceremony for MF Boknafjord, the world’s largest gas ferry. The new eco-friendly ferry, delivered by Fiskerstrand BLRT AS, will serve the Arsvågen-Mortavika route on the Boknafjord in Rogaland County, in addition to making sure the Halhjem-Sandvikvåg route in Hordaland County now gets a spare vessel. The traffic on these […]