Edition:
United Kingdom

Aker Solutions ASA (AKSOL.OL)

AKSOL.OL on Oslo Stock Exchange

44.42NOK
11:16am GMT
Change (% chg)

kr0.47 (+1.07%)
Prev Close
kr43.95
Open
kr44.02
Day's High
kr44.59
Day's Low
kr43.90
Volume
727,502
Avg. Vol
1,155,190
52-wk High
kr56.00
52-wk Low
kr34.60

Latest Key Developments (Source: Significant Developments)

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

Aker Solutions bolsters London LNG team with four hires
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Aker Solutions Asa :Says is bolstering its liquefied natural gas capabilities to capitalize on an expected surge in global demand for the fuel.Says has hired four leading specialists with extensive experience from executing more than 30 lng projects globally.The new London-based team is part of the company's front end group, which provides early-phase engineering and consultancy services for energy projects.Aker Solutions is involved in a number of LNG projects around the world, including a liquefaction facility in the U.S. and a floating LNG facility in West Africa.Says demand for gas is expected to outpace oil and coal over the next 20 years, with LNG consumption more than doubling.  Full Article

Aker Solutions CEO says looking for acquisitions
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Aker Solutions Asa CEO Luis Araujo told reporters and analysts on Friday::We are looking for opportunistic acquisitions.There is a lot of consolidation; there are opportunities; there is nothing we can talk about now, but we keep looking.  Full Article

Aker Solutions q3 ebitda above forecast, sees 2018 revenues up from 2017
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Aker Solutions Asa :Aker solutions q3 revenues nok ‍5.4​ billion (Reuters poll nok 5.54 billion).Aker solutions q3 ebitda nok ‍401​ million (reuters poll nok 361 million).Aker solutions sees overall revenues down by ‍10-15​ percent in 2017 from 2016 (versus previous guidance of down 10-15 percent).Aker solutions asa: ‍outlook for oil services remains challenging as projects continue to be postponed and there is pressure on pricing​.Aker solutions q3 order backlog nok ‍27.2​ billion (reuters poll nok 27.96 billion).Aker solutions q3 order intake nok ‍2.6​ billion (reuters poll nok 3.37 billion).Aker solutions asa: ‍there are some signs of a recovery, particularly offshore norway and in brownfield segment​.Aker solutions asa: ‍tendering is steady and aker solutions is bidding for contracts totaling about nok 55 billion​.Aker solutions asa: ‍majority of these are in subsea area, where company anticipates several key projects to be awarded in next six months​.Aker solutions asa: sees overall revenue in 2018 somewhat up from 2017 pending successful outcome of several key ongoing tenders across all segments and regions​.Aker solutions asa: ‍underlying 2018 ebitda margins are expected to remain around full-year 2017 levels​.Aker solutions asa: ‍full-year 2017 underlying ebitda margins are seen close to third-quarter year-to-date levels, an improvement on company's previous guidance​.  Full Article

BRIEF-Statoil awards subsea contracts worth up to NOK 40 bln

* ‍STATOIL HAS AWARDED NEW SUBSEA MAINTENANCE FRAMEWORK AGREEMENTS TO AKER SOLUTIONS , TECHNIPFMC AND ONESUBSEA.