Norwegian offshore oilfield equipment maker Aker Solutions has signed a letter of intent with compatriot Equinor for the delivery of a subsea production system to the Kristin Sør oil and gas satellite fields offshore Norway.The contract value is about NOK 1 billion ($114…
Norwegian energy industry services provider Aker Solutions has won a framework agreement with Equinor to provide maintenance and modifications services at the Peregrino field, offshore Brazil. The contract has a fixed period of four years and includes an option for a two-year extension…
Norwegian energy services giant Aker Solutions on Tuesday completed its previously announced merger with compatriot Kvaerner, and has pledged that the new company would work on speeding up the transition to sustainable energy production.'It…
Two Norwegian offshore energy services firms Aker Solutions and Kvaerner said Monday that all conditions had been met for their proposed merger to proceed.The two companies announced the proposed merger in June. Under the terms, Aker Solutions will absorb all the assets…
Norwegian offshore engineering and equipment provider Aker Solutions reported a drop in revenue in the third quarter of 2020, but its net profit rose. Aker Solutions' result received a one-off boost from the listing of carbon capture and offshore wind spinoffs…
Norwegian offshore engineering and construction firm Aker Solutions has completed the construction of subsea structures for China-based CNOOC's Lingshui 17-2 project in the South China Sea.The structures were built and tested at the China Offshore…
Norwegian offshore services provider Aker Solutions has been awarded a three-year extension to an existing framework agreement for work at North Sea fields operated by U.S. oil firm ConocoPhillips.Aker Solutions will remain ConocoPhillips'…
Norwegian offshore engineering and construction firm Aker Solutions said Friday its offshore wind and carbon capture subsidiaries had raised NOK 500 million each in private placements.Aker Solutions in July said it would spin off its wind development…
Norwegian oilfield services company Aker Solutions has won a contract extension from ExxonMobil for the provision of engineering, procurement, and construction (EPC) services for the Hebron platform, offshore Newfoundland, Canada.The Hebron oil field is located offshore Newfoundland and Labrador…
Norwegian offshore energy services provider Aker Solutions will spin off its wind development business and the carbon capture technology business in two separate firms, ahead of the proposed merger with engineering and construction firm Kvaerner…
Aker Solutions announced a merger with Kvaerner and a new chief executive on Friday, forming a firm with $4 billion in revenue that will target the growing renewable energy market.The two oil services firms are controlled by Norwegian billionaire…
Norwegian oil company Aker BP has awarded an offshore maintenance and modification contract worth around $175,5 million to its compatriot offshore services provider Aker Solutions.The contract is for two years and is for maintenance and modification services at Aker BP's Ula…
Norwegian engineering company Aker Solutions been awarded a letter of intent from Equinor for the delivery of a subsea system for the Breidablikk project in the North Sea, offshore Norway.Subject to the final contract award, Aker Solutions will deliver a complete subsea production system…
Norwegian engineering company Aker Solutions has said it has developed a modified workover system that enables faster and more cost-effective planned interventions. The concept will first be applied on Equinor’s Visund field in the North Sea…
Norwegian offshore engineering and construction company Aker Solutions will deliver umbilicals for Murphy's King's Quay offshore project in the U.S. Gulf of Mexico. Aker Solutions said Wednesday that the contract for the delivery of umbilicals was awarded to it by Subsea 7…
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