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Aker Solutions ASA (AKSOL.OL)

AKSOL.OL on Oslo Stock Exchange

24.86NOK
16 Aug 2019
Change (% chg)

kr0.32 (+1.30%)
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Volume
2,790,909
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1,147,002
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kr59.58
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Latest Key Developments (Source: Significant Developments)

Aker Solutions: Ole Martin Grimsrud Appointed CFO
Friday, 14 Jun 2019 

June 14 (Reuters) - Aker Solutions ASA ::REG-OLE MARTIN GRIMSRUD APPOINTED CFO OF AKER SOLUTIONS.OLE MARTIN GRIMSRUD HAS BEEN APPOINTED CHIEF FINANCIAL OFFICER OF AKER SOLUTIONS, EFFECTIVE AUGUST 1, 2019.HE REPLACES SVEIN OSKAR STOKNES, WHO IS TAKING OVER AS CFO OF AKER ASA ON SAME DAY.  Full Article

Aker Solutions CEO eyes 5-15 pct growth in offshore market in 2020
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Aker Solutions ASA CEO Luis Araujo said::AKER SOLUTIONS CEO: "OFFSHORE SPENDING IS FORECAST TO INCREASE BY UP TO 5 PERCENT IN 2019 AND ACCELERATE TO 5-15 PERCENT IN 2020 ACCORDING TO INDUSTRY ESTIMATES".AKER SOLUTIONS CEO: THERE IS STILL OVERCAPACITY IN SOME SEGMENTS OF OUR INDUSTRY, AND SO WE EXPECT MARKETS TO REMAIN COMPETITIVE IN CERTAIN SEGMENTS. BUT WE STILL SEE PRICES IMPROVING LONG-TERM.AKER SOLUTIONS CEO: EXPECTS A GROWING NUMBER OF AWARDS TO BE MADE IN SUBSEA TREE MARKET.  Full Article

Aker Solutions and FSubsea to set up joint oil services firm
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Aker Solutions ASA ::AKER SOLUTIONS AND FSUBSEA TO CREATE FASTSUBSEA TO BOOST SUBSEA OIL RECOVERY.AGREEMENT IS SUBJECT TO APPROVAL FROM NORWEGIAN COMPETITION AUTHORITIES.NEW COMPANY COMBINES AKER SOLUTIONS' HIGH-PERFORMANCE MULTIPHASE HYDRAULIC TECHNOLOGY WITH FSUBSEA'S GAME-CHANGING HYDROMAG TECHNOLOGY TO CREATE WORLD'S FIRST "TOPSIDE-LESS" MULTIPHASE BOOSTING SYSTEM.PUMP-MODULE SOLUTION BEING DEVELOPED BY FASTSUBSEA CAN CUT CAPEX BY HALF AND ENABLE SUBSEA BOOSTING AT FIELDS WHERE THERE IS NO AVAILABLE TOPSIDE SPACE.AKER SOLUTIONS AND FSUBSEA TO EACH HOLD 50 PERCENT OF OUTSTANDING SHARES.  Full Article

Aker Solutions eyes 'interesting investment opportunities' -CFO
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Aker Solutions ASA ::AKER SOLUTIONS CFO SAYS THE COMPANY SEES "SEVERAL INTERESTING INVESTMENT OPPORTUNITIES" EXPLAINING WHY IT DECIDED NOT TO PAY DIVIDEND FOR 2018.AKER SOLUTIONS CEO SAYS "WE ARE STARTING TO GROW IN FRONT-END ENGINEERING OUTSIDE NORWAY AND IT STARTS PAYING OFF".AKER SOLUTIONS CFO SAYS COMPANY LOOKING FOR WINDOW OF OPPORTUNITY TO ISSUE A NEW BOND TO REFINANCE NOK 1 BILLION BOND MATURING IN OCT 2019.  Full Article

Aker Solutions wins Brazil contract from Petrobras
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS WINS MAJOR SERVICES CONTRACT IN BRAZIL.CONTRACT WILL BE BOOKED IN Q3 2018.THREE-YEAR CONTRACT IS VALUED AT MORE THAN BRL 250 MILLION ($60.48 MILLION) AND INCLUDES AN OPTION FOR A TWO-YEAR EXTENSION.PETROBRAS HAS AWARDED AKER SOLUTIONS A CONTRACT TO PROVIDE MAINTENANCE AND MODIFICATIONS SERVICES FOR NINE PLATFORMS AT OIL AND GAS FIELDS IN CAMPOS BASIN.  Full Article

Aker Solutions: Point Resources extends North Sea contract until June 2022
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Aker Solutions ASA ::POINT RESOURCES EXTENDS CONTRACT WITH AKER SOLUTIONS.EPC O&M CONTRACT BETWEEN POINT RESOURCES AND AKER SOLUTIONS WAS FIRST SIGNED IN JUNE 2012, COVERING JOTUN A, JOTUN B, BALDER AND RINGHORNE OPERATING FACILITIES IN NORTH SEA.CONTRACT EXTENSION STARTS AT YEAR-END AND RUNS UNTIL JUNE 2022.ORDER WILL BE BOOKED IN Q3 2018.  Full Article

Aker Solutions Q1 results beat forecast, ups revenue guidance
Friday, 27 Apr 2018 

April 27 (Reuters) - Aker Solutions ASA ::AKER SOLUTIONS Q1 REVENUES NOK 5.5 BILLION (REUTERS POLL NOK 5.6 BILLION).AKER SOLUTIONS Q1 EBITDA NOK 425 MILLION (REUTERS POLL NOK 403 MILLION).OUTLOOK FOR OIL SERVICES REMAINS UNCERTAIN AND THERE IS PRESSURE ON PRICING..STILL, THERE ARE INCREASING SIGNS OF A RECOVERY, PARTICULARLY OFFSHORE NORWAY WHERE THERE IS A PICKUP IN ACTIVITY AND IN BROWNFIELD SEGMENT WHERE OIL COMPANIES ARE FOCUSING ON OPTIMIZING OUTPUT FROM EXISTING FIELDS..AKER SOLUTIONS Q1 ORDER INTAKE NOK 8.6 BILLION (REUTERS POLL NOK 5.8 BILLION).INDUSTRY EFFICIENCY IMPROVEMENTS ARE BRINGING DOWN BREAK-EVEN COSTS ON DEVELOPMENTS, WHICH IS SPURRING MORE PROJECT SANCTIONS..AKER SOLUTIONS Q1 ORDER BACKLOG NOK 37.6 BILLION (REUTERS POLL NOK 34.5 BILLION).TENDERING IS STEADY AND AKER SOLUTIONS IS BIDDING FOR CONTRACTS TOTALING ABOUT NOK 50 BILLION..AKER SOLUTIONS SEES OVERALL 2018 REVENUES UP BY CLOSE TO 10 PERCENT VERSUS PREVIOUS GUIDANCE OF "SOMEWHAT UP YEAR-ON-YEAR".AKER SOLUTIONS REPEATS SEES 2018 OVERALL UNDERLYING MARGINS REMAINING AROUND 2017 LEVELS.  Full Article

Statoil to tie Askeladd gas reservoir to Snoehvit LNG
Monday, 12 Mar 2018 

March 12 (Reuters) - Statoil Asa ::‍STATOIL AND ITS PARTNERS HAVE DECIDED TO INVEST JUST OVER NOK 5 BILLION ($642.5 MILLION) IN FURTHER DEVELOPMENT OF SNØHVIT FIELD IN BARENTS SEA​.‍DEVELOPMENT OF ASKELADD IS PART TWO OF MULTI-PHASED SNØHVIT DEVELOPMENT​.‍ASKELADD DEVELOPMENT WILL SUPPLY 21 BILLION CUBIC METRES OF GAS AND TWO MILLION CUBIC METRES OF CONDENSATE TO HAMMERFEST LNG, AND PRODUCTION IS SCHEDULED TO COME ON STREAM TOWARDS END OF 2020​.‍ASKELADD WILL HELP MAINTAIN A PLATEAU PRODUCTION RATE AT HAMMERFEST LNG PLANT UNTIL 2023​.‍PERSPECTIVE FOR SNØHVIT AND HAMMERFEST LNG IS MUCH LONGER​.‍SNØHVIT LICENCE CONTAINS ENOUGH GAS TO MAINTAIN PRODUCTION BEYOND 2050​.‍ASKELADD WILL BE DEVELOPED WITH THREE WELLS VIA TWO NEW SUBSEA TEMPLATES WITH SPACE FOR ADDITIONAL WELLS IN FUTURE​.‍IN ADDITION, AN INFRASTRUCTURE WILL BE INSTALLED TO TIE-IN ASKELADD DEVELOPMENT TO EXISTING SNØHVIT FIELD INFRASTRUCTURE​.‍AKER SOLUTIONS HAS BEEN AWARDED CONTRACT FOR TWO SUBSEA TEMPLATES​.‍ADDITIONAL CONTRACTS WILL BE AWARDED IN FOLLOWING MONTHS​.  Full Article

Aker Solutions Q4 beats forecast, plans further cost cuts
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS Q4 REVENUES NOK ‍6.4​ BILLION (REUTERS POLL NOK 6.0 BILLION).AKER SOLUTIONS Q4 EBITDA EX ITEMS NOK ‍482​ MILLION (REUTERS POLL NOK 420 MILLION).AKER SOLUTIONS Q4 EBITDA NOK ‍458​ MILLION (REUTERS POLL NOK 254 MILLION).AKER SOLUTIONS Q4 ORDER INTAKE NOK ‍13.4​ BILLION (REUTERS POLL NOK 12.11 BILLION).AKER SOLUTIONS Q4 ORDER BACKLOG NOK ‍34.6​ BILLION (REUTERS POLL NOK 33.26 BILLION).‍OUTLOOK FOR OIL SERVICES REMAINS CHALLENGING AS PROJECTS CONTINUE TO BE POSTPONED AND THERE IS PRESSURE ON PRICING​.‍STILL, THERE ARE INCREASING SIGNS OF A RECOVERY, PARTICULARLY OFFSHORE NORWAY WHERE THERE IS A PICKUP IN ACTIVITY AND IN BROWNFIELD SEGMENT WHERE OIL COMPANIES ARE FOCUSING ON OPTIMIZING OUTPUT FROM EXISTING FIELDS​.‍INDUSTRY EFFICIENCY IMPROVEMENTS ARE BRINGING DOWN BREAK-EVEN COSTS ON DEVELOPMENTS, WHICH IS SPURRING MORE PROJECT SANCTIONS.​.‍WON MOST ORDERS IN ALMOST FOUR YEARS IN Q4 OF 2017 AMID SIGNS OF A MARKET RECOVERY AND AS AN IMPROVEMENT PROGRAM HELPED MARGINS​.‍TENDERING IS STEADY AND AKER SOLUTIONS IS BIDDING FOR CONTRACTS TOTALING ABOUT NOK 50 BILLION.​.‍ABOUT TWO-THIRDS OF THESE ARE IN SUBSEA AREA, WHERE COMPANY ANTICIPATES SEVERAL KEY PROJECTS TO BE AWARDED IN NEXT SIX MONTHS, PARTICULARLY IN NORWAY, BRAZIL AND ASIA PACIFIC​.‍AKER SOLUTIONS SEES OVERALL REVENUE SOMEWHAT UP IN 2018 FROM 2017​.‍UNDERLYING 2018 EBITDA MARGINS ARE EXPECTED TO REMAIN AROUND FULL-YEAR 2017 LEVELS​.  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

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Aker Solutions beats forecasts despite pricing pressure

OSLO Aker Solutions beat second-quarter earnings on Wednesday citing demand from the offshore oil sector despite price pressure from ongoing high capacity.