Aker Solutions confirms that the transaction to buy a majority stake in Enovate Systems Limited, a leading technology company within subsea well control equipment, has been closed. Aker Solutions on January 29 announced that it had agreed to buy a controlling stake in Aberdeen-based Enovate. The transaction was closed on 26 February 2013. Enovate has […]
February 27, 2013 | Posted in
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Statoil has awarded framework agreements for subsea operations services on the Norwegian Continental Shelf (NCS). The agreement ensures long-term supply of maintenance and operational support for Statoil’s’ subsea fields. The framework agreements could have an estimated total value of up to BNOK 14. It compromises subsea operations services for all existing subsea fields, and may […]
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Aker Solutions, the international oil services provider, has as one of several suppliers been awarded a frame agreement with Statoil for the delivery of subsea operations and services on the Norwegian continental shelf. Subsea operations and services covers installation of subsea equipment, maintenance, upgrade and recertification of tools and installed equipment. It also includes workover […]
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Aker Solutions has acquired Managed Pressure Operations International, Ltd. (MPO), a company that has successfully developed the next generation of continuous circulation, riser gas handling and managed pressure drilling systems. The acquisition places Aker Solutions at the forefront of technology development in the market for managed pressure drilling (MPD) which is seen as a key […]
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Aker Solutions reported revenues of NOK 12.0 billion and earnings before interest, tax, depreciation and amortisation of NOK 1.2 billion in the fourth quarter of 2012. Based on the preliminary annual results, which show revenues of NOK 44.9 billion and EBITDA of NOK 4.7 billion, the Board of Directors proposes to pay a dividend of […]
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Aker Solutions has signed a contract with Statoil for the supply of a subsea production system for the Aasta Hansteen field development project on the Norwegian Continental Shelf. The contract value is approximately NOK 2 billion. Last week, Aker Solutions signed a NOK 280 million contract with Statoil for the supply of deepwater umbilicals for […]
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Aker Solutions has been awarded the second call-off project under the Sleipner Modification Portfolio Agreement, involving the tie-in of gas production from Dagny. Contract value is NOK 650 million and the work will commence immediately. The contract involves modification work on Sleipner A. In more detail, this includes engineering, procurement, construction, installation and commissioning (EPCIC) […]
January 30, 2013 | Posted in
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Aker Solutions has agreed to acquire a majority stake in Aberdeen-based Enovate Systems Limited - a leading technology company within subsea well control equipment. The financial details of the acquisition are undisclosed. Enovate, which currently employs 62 people, has developed a wide range of unique and patented components and products for use in open water […]
January 29, 2013 | Posted in
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Aker Solutions has signed a contract with Statoil for the supply of deepwater umbilicals to the Aasta Hansteen field on the Norwegian Continental Shelf. The contract value is approximately NOK 280 million. Aker Solutions’ scope of work includes the design, engineering and manufacturing of dynamic and static umbilicals, a riser base and ancillary equipment. The […]
January 25, 2013 | Posted in
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Aker Solutions has secured an important five year frame agreement for the execution of contracts across Talisman Sinopec Energy UK Ltd’s brownfield projects on the UK continental shelf. Although the contract contains no firm spending commitment, the anticipated multi-million pound agreement cements the long standing relationship between the two organisations. Mike Forbes, UK managing director […]
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