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Aker Solutions ASA (AKSOL.OL)

AKSOL.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Statoil awards Troll 3, Askeladd contracts to Aker Solutions
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS WINS SUBSEA ORDERS FROM STATOIL FOR TROLL PHASE 3 AND ASKELADD NATURAL-GAS DEVELOPMENTS OFFSHORE NORWAY​.‍CONTRACTS HAVE A TOTAL ESTIMATED VALUE OF BETWEEN NOK 1.5-2 BILLION CROWN AND WILL BE BOOKED IN Q1​.‍WORK STARTS THIS MONTH, WITH FINAL DELIVERIES SCHEDULED FOR 2020​.‍WILL DELIVER A SUBSEA PRODUCTION SYSTEM CONSISTING OF TWO MANIFOLDS AND NINE TREES FOR TROLL DEVELOPMENT IN NORTH SEA​.‍SYSTEM FOR ASKELADD IN BARENTS SEA WILL BE COMPRISED OF TWO MANIFOLDS AND FOUR TREES​.‍BOTH ORDERS INCLUDE INSTALLATION AND COMMISSIONING SUPPORT SERVICES​.SAYS LOOKS FORWARD TO WORKING WITH STATOIL ON THESE FIELDS, WHICH ARE KEY TO FURTHER DEVELOPING NORWAY AS A MAJOR GAS SUPPLIER​.SAYS ‍WORK ON TWO SYSTEMS WILL INVOLVE FACILITIES IN NORWAY, BRAZIL, UK AND MALAYSIA​.‍INITIAL DELIVERIES ARE SCHEDULED FOR Q2 OF 2019​.  Full Article

Aker Solutions completes NOK 1.5 bln bond issue
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS ASA: SUCCESSFULLY COMPLETED BOND ISSUE.‍SUCCESSFULLY COMPLETED A NOK 1,500 MILLION SENIOR UNSECURED BOND ISSUE WITH MATURITY IN JULY 2022​.‍BOND ISSUE WAS SUBSTANTIALLY OVERSUBSCRIBED. BONDS WILL HAVE A COUPON OF 3 MONTH NIBOR + 3.15% P.A​.‍PROCEEDS WILL BE USED FOR GENERAL CORPORATE PURPOSES​.‍WE HAVE SEEN SOLID INVESTOR INTEREST AND ACHIEVED COMPETITIVE TERMS THAT REFLECT AKER SOLUTIONS' STRONG CREDIT POSITION​.‍DNB MARKETS, NORDEA, SEB AND SWEDBANK ACTED AS JOINT LEAD MANAGERS FOR BOND ISSUE​.  Full Article

Aker Solutions CEO says 2018 looks better than 2017 after strong Q4
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - OIL SERVICES FIRM AKER SOLUTIONS CEO LUIS ARAUJO TOLD REUTERS::AKER SOLUTIONS CEO: WE HAVE HAD AN EXTREMELY GOOD FOURTH-QUARTER.AKER SOLUTIONS CEO: 2018 STARTS BETTER THAN 2017, COMPANY HAS ALREADY SECURED A LARGE PART OF 2018 REVENUES IN ORDER BOOK.AKER SOLUTIONS CEO EXPECTS AROUND SIX FINAL INVESTMENT DECISION ON OIL FIELDS TO BE SANCTIONED DURING 1H 2018 IN NORWAY.AKER SOLUTIONS CEO SAYS ACTIVITY IS PICKING UP IN AFRICA AND BRAZIL.AKER SOLUTIONS CEO SAYS STILL LOOKING FOR ACQUISITIONS.  Full Article

Statoil awards subsea contracts worth up to NOK 40 bln
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Statoil Asa ::‍STATOIL HAS AWARDED NEW SUBSEA MAINTENANCE FRAMEWORK AGREEMENTS TO AKER SOLUTIONS<<>> , TECHNIPFMC<<>> AND ONESUBSEA..CONTRACTS ARE FOR WORK ON THE NORWEGIAN CONTINENTAL SHELF​.‍CONTRACTS HAVE A TOTAL ESTIMATED VALUE OF MORE THAN NOK 8 BILLION AND A DURATION EXTENDING TO 2023.​.‍IN ADDITION, CONTRACTS INCLUDE OPTIONS FOR A TOTAL OF 20 YEARS. ESTIMATED TOTAL VALUE WILL BE APPROXIMATELY NOK 40 BILLION, SHOULD ALL OPTIONS WITH ASSUMED SCOPE OF WORK BE EXERCISED.​.‍NEW AGREEMENTS APPLY TO STATOIL-OPERATED SUBSEA WELLS ON NORWEGIAN CONTINENTAL SHELF WITH EQUIPMENT FROM AFOREMENTIONED SUPPLIERS AND INCLUDE MAINTENANCE OF EQUIPMENT BELONGING TO MORE THAN 500 WELLS.​.‍FIGURES INCLUDE PLANNED WELLS IN FIELD DEVELOPMENTS OF JOHAN CASTBERG AND SNORRE EXPANSION PROJECT.​.  Full Article

Aker Solutions books Statoil contract of at least NOK 3 bln​
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Aker Solutions ::REG-AKER SOLUTIONS SECURES SUBSEA SERVICES AGREEMENT WITH STATOIL.‍CONTRACT HAS A FIXED PERIOD OF FIVE YEARS, STARTING IN Q1 OF 2018, AND CONTAINS FIVE FOUR-YEAR EXTENSION OPTIONS.​.‍ITS VALUE DEPENDS ON AMOUNT OF WORK ORDERED BY STATOIL UNDER AGREEMENT. THIS IS CURRENTLY ESTIMATED AT ABOUT NOK 3 BILLION FOR FIXED PERIOD AND WILL BE BOOKED IN FOURTH-QUARTER ORDERS.​.  Full Article

Aker Solutions wins $120 mln order from Maersk Drilling
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS WINS MODIFICATIONS CONTRACT FROM MAERSK DRILLING.WON AN ORDER FROM MAERSK DRILLING TO MODIFY PRODUCTION MODULE ON MÆRSK INSPIRER JACK-UP RIG FOR REPSOL-OPERATED YME OILFIELD OFFSHORE NORWAY​.‍ORDER IS VALUED AT ABOUT 1 BILLION NORWEGIAN CROWNS ($120.01 million) AND WILL BE BOOKED IN Q4​.‍WORK ON PROJECT IS SET TO START IMMEDIATELY AND CONCLUDE AT END OF 2019​.  Full Article

Aker Solutions wins Aker BP field production systems deal
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS TO PROVIDE SUBSEA PRODUCTION SYSTEM FOR AKER BP'S ÆRFUGL.‍WAS AWARDED A CONTRACT FROM AKER BP TO DELIVER SUBSEA PRODUCTION SYSTEM FOR FIRST PHASE OF ÆRFUGL DEVELOPMENT OFFSHORE NORWAY​.‍AWARD WAS MADE ON BEHALF OF SKARV UNIT AND IS SUBJECT TO GOVERNMENT APPROVAL OF PLAN FOR DEVELOPMENT AND OPERATION (PDO) OF ÆRFUGL (PREVIOUSLY KNOWN AS SNADD)​.‍SUBSEA SYSTEM WILL INCLUDE WELLHEADS, VERTICAL SUBSEA TREES, A TIE-IN MODULE AND AN UMBILICAL RISER BASE. CONTRACT INCLUDES AN OPTION FOR ÆRFUGL PHASE 2.​.‍ÆRFUGL IS A GAS CONDENSATE FIELD ABOUT 210 KILOMETERS OFFSHORE SANDNESSJØEN IN NORWAY. IT WILL BE CONNECTED BACK TO SKARV FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL OPERATED BY AKER B​.‍ÆRFUGL IS A GAS CONDENSATE FIELD ABOUT 210 KILOMETERS OFFSHORE SANDNESSJØEN IN NORWAY. IT WILL BE CONNECTED BACK TO SKARV FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL OPERATED BY AKER BP​.‍FIRST PHASE OF ÆRFUGL INCLUDES THREE PRODUCTION WELLS AND IS SCHEDULED TO START IN Q4 OF 2020​.‍PARTIES AGREED TO NOT DISCLOSE FINANCIAL VALUE OF CONTRACT, WHICH WILL BE BOOKED IN FOURTH-QUARTER ORDERS​.  Full Article

Aker Solutions wins Castberg contract from Sembcorp Marine
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS TO DESIGN JOHAN CASTBERG FPSO ACCOMMODATION UNIT.‍WON A CONTRACT FROM SEMBCORP MARINE TO DESIGN LIVING QUARTERS FOR JOHAN CASTBERG DEVELOPMENT'S FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL (FPSO)​.‍PARTIES AGREED TO NOT DISCLOSE FINANCIAL VALUE OF CONTRACT, WHICH WILL BE BOOKED AS PART OF AKER SOLUTIONS' FOURTH-QUARTER ORDER INTAKE​.‍DELIVERY IS SCHEDULED FOR SECOND HALF OF 2018​.‍WORK ON ACCOMMODATION UNIT WILL BE CARRIED OUT AT AKER SOLUTIONS' LOCATIONS IN OSLO AND MUMBAI, STARTING IN CURRENT QUARTER​.  Full Article

Aker says Norway, Brazil contract opportunities crucial to Aker Solutions
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Aker ASA Chief Executive Oeyvind Eriksen said on Thursday::Oil service market is improving, several subsea projects expected to be awarded shortly, with majority in Norway and Brazil.Those contract awards would be crucial for Aker Solutions going forward.  Full Article

Aker Solutions to provide umbilicals for Statoil-operated Johan Sverdrup, Utgard and Bauge
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Aker Solutions Asa ::Won a contract to provide umbilicals for Statoil-operated Johan Sverdrup, Utgard and Bauge developments offshore Norway​.‍Order entails delivery of more than 40 kilometers in total of subsea umbilicals.It will be booked in the fourth quarter.CEO Luis Araujo says: "By combining the delivery for three separate projects into one order, we are able to boost efficiency and reduce costs for the customer".Manufacturing will take place at Aker Solutions' umbilicals plant in Moss, Norway​.  Full Article

BRIEF-Aker ASA raises 2017 dividend to NOK 18/share as net asset value jumps

* NET ASSET VALUE UP BY 20.4 PER CENT TO NOK 41.8 BILLION - CASH DIVIDEND OF NOK 18 PER SHARE PROPOSED