Kvaerner has signed a framework agreement with Statoil, on behalf of partners, for upgrading of the Njord A semisubmersible platform. At the same time, Statoil has made the first call-off from the framework agreement with an estimated value of US$14…
Norway’s Petroleum Safety Authority (PSA) has revealed in its investigation of a fatality aboard the COSL Innovator, that the rig was not built to endure weather conditions that occurred on the night of 30 December, however, COSL Drilling Europe conducted its own heavy-hitter investigation…
Aker Solutions is reducing its Norwegian workforce by as many as 600 positions as the company takes necessary measures to strengthen the organization and boost competitiveness amid a continued market slowdown. Image from Aker…
Kvaerner's executive vice president and CFO, Eiliv Gjesdal, has decided to step down from the role as CFO as of 6 April 2016. He will work with special tasks until his notice period ends 30 June 2016. 'Gjesdal started as CFO in Kvaerner…
Well-SENSE Technology’s technology director Dan Purkis has been singled out for his efforts in the offshore oil and gas industry with the award of the Society of Petroleum Engineer’s (SPE) Aberdeen section Significant Contribution accolade…
Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup field in the Norwegian sector of the North Sea. The study includes design solutions for a tie-in of the…
Aker Solutions was recognized as the best subsea company of the year at last night's the Subsea UK awards, with Subsea 7's David Bloom picking up the outstanding contribution to the subsea industry accolade. The awards, which seek to…
Aker Solutions and Total agreed to collaborate on research and innovation to develop new cost-effective subsea field technology. The initial four-year technical collaboration agreement will build on earlier cooperation and bring both…
Aker Solutions is to 'streamline' its maintenance, modifications and operations (MMO) unit in Norway from four units to one regional unit, the firm announced today. The company said it was taking 'necessary steps to reposition the business…
Aker Solutions' maintenance, modifications and operations (MMO) business in Norway secured two contracts for North Sea fields operated by ConocoPhillips. The company received a framework agreement for a fixed period of five years to become…
Aker Solutions saw a 16.5% drop in its revenue in Q4 2015 as the market activity declined, especially in the North Sea, that will result in the company to slow down activity, reduce costs, and streamline its maintenance, modifications, and operations (MMO)…
Statoil has picked Aker Solutions to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg oil field development in the Barents Sea. The announcement comes just days after Statoil said it was now moving ahead with the delayed project…
Aker Solutions won a front-end engineering design (FEED) contract from Statoil for the Trestakk field tie-in to the Åsgard A production vessel in the Norwegian Sea. The company also secured a separate concept study order for a low well-pressure project at Åsgard A…
Aker Solutions won a framework agreement to provide maintenance and modifications services at BP-operated oil and gas fields offshore Norway. The contract has a fixed period of five years valued at as much as NOK 3.2 billion. It also…
Aker Solutions and Saipem are to cooperate on targeted subsea oil and gas development projects worldwide. The companies will, through a joint work, group identify opportunities where they can create value for customers by combining Aker…
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