Norwegian energy industry services provider Aker Solutions has won a three-year contract extension to a maintenance and modifications frame agreement it has with Equinor.'The agreement for work on oil and gas installations offshore Norway represents a very large order intake for Aker Solutions…
Aker Solutions, a Norwegian engineering and construction company in the offshore energy industry field, has agreed to acquire Unitech Power Systems, an electrical power systems consultant.'The acquisition is an important step towards Aker Solutions…
Saudi Aramco has bought a 7.4% stake in Norwegian industrial software group Cognite from oil firm Aker BP, Cognite said on Wednesday.The price for the stake was 'around 1 billion Norwegian crowns,' or about $113 million, an Aker BP spokesperson told Reuters…
Norway-based offshore wind developer Aker Offshore Wind said Thursday it remained committed to its strategy and to developing its international project portfolio despite the disappointing result in the ScotWind leasing round where the company did not secure any project licenses…
Norway's engineering and construction groups Aker Solutions and AF Gruppen have abandoned plans to merge the two firms' existing offshore decommissioning operations.The two companies had signed a letter of intent in July to merge the offshore…
Norwegian firm Aker Solutions has won a contract with Equinor to deliver engineering, procurement, and construction (EPC) of a subsea compression module to be installed subsea at the Åsgard gas field, offshore Norway. The scope covers EPC of…
Oil major BP and Norway's Aker said on Thursday they have jointly sold a 5% stake in Norwegian oil firm Aker BP, cutting their combined holding in the company to 65%.The 18.01 million shares were sold at 310 crowns each, a 10.2% discount to Wednesday's close…
BP and Aker said Wednesday there were exploring a potential block sale of some of the shares they hold in the Norwegian oil and gas producer Aker BP ASA, through a private placement.Aker and BP currently control approximately 40% and 30% of the shares outstanding in Aker BP…
Norwegian offshore oil and gas producer Aker BP on Wednesday awarded platform supply vessel contracts to vessel owners Solstad Offshore and Eidesvik Offshore.With Solstad Offshore, Aker BP signed a new contract for the platform supply vessel Far Solitaire…
Former Swedish Finance Minister Pär Nuder and former Vattenfall executive Mikael Kramer - both Swedish - have joined the Board of Directors a new joint venture between Norway's Aker Offshore Wind and Swedish firm Hexicon which will develop floating wind offshore Sweden…
Dutch offshore installation firm Heerema Marine Contractors has installed an offshore jacket as part of Aker BP's HOD B development in the Norwegian part of the North Sea, using its giant Sleipnir semi-submersible installation vessel.'The Hod…
Tom Selwood has been appointed Chief Financial Officer of Aker Offshore Wind, the recently established Norwegian floating wind developer. Selwood joins the company from Aker Horizons’ commercial finance unit where he has worked with M&A and financing for offshore wind projects…
Norway's Aker Solutions has delivered a steel substructure for the second phase of the giant, Equinor-operated, Johan Sverdrup oil field development, offshore Norway.After delivering three platform jackets for the first phase, another jacket delivery…
Philippe Kavafyan, the former CEO of offshore wind turbine manufacturer MHI Vestas Offshore Wind, has been appointed Chief Executive Officer of the recently established Norwegian offshore wind developer Aker Offshore Wind.Aker Offshore Wind…
Norway-focused oil and gas company Aker BP, said Wednesday it had, through a newly formed subsidiary Aker BP UK, farmed into an offshore block in the UK North Sea.Aker BP UK has entered into an agreement with Eni UK to take over a 50 percent interest in licence P2511 on the UK Continental Shelf…
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