Aker Solutions Lifts 2018

Aker Solutions has seen its profit go up in the fourth-quarter 2018 at NOK 178 million, or NOK 0.58 per share, versus net income of NOK 19 million, or NOK 0.09 same time last year.

The Norwegian services company generated quarterly revenue of close to NOK 7 billion ($815 million), up from NOK 6.4 billion ($745) in the prior-year comparable period.

Full-year revenue increased 12 per cent, slightly above 2018 guidance. Revenues for the twelve months of 2018 stood at NOK 25.3 billion versus NOK 22.4 billion in 2017.

Profit for 2018 more than doubled (132 per cent) from NOK 239 million in 2017 at NOK 554 million, or NOK 1.88 per share.

At the end of Q4 2018, Aker Solution reported order backlog of NOK 35 billion and order intake of NOK 5.3 billion.

Aker Solutions said it is bidding for future contracts totaling about NOK 45 billion, mostly in the subsea sector. Overall revenue in 2019 is expected to be slightly up from 2018 on the back of a strong order intake last year, and continued high tendering activity, the company noted.

Subsea World News Staff

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

More info

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