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Aker Solutions ASA (AKSOL.OL)

AKSOL.OL on Oslo Stock Exchange

53.62NOK
22 Jun 2018
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kr0.42 (+0.79%)
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Latest Key Developments (Source: Significant Developments)

Aker Solutions Q1 results beat forecast, ups revenue guidance
Friday, 27 Apr 2018 01:00am EDT 

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 06:08am EDT 

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 01:00am EST 

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 08:10am EST 

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 08:50am EST 

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 01:34am EST 

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 01:19am EST 

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 02:00am EST 

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 05:01am EST 

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 01:30am EST 

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

NORWEGIAN STOCKS-Fish farmers sink as government considers resource tax

OSLO, April 30 (Reuters) - * Norwegian shares traded down on Monday * Oslo's benchmark index fell -0.47 pct, or -4.05 points, to 858.67 points and was up by 5.93 pct year-to-date * The broader Oslo All Share Index was down 0.51 percent * Brent crude futures, a trigger for the oil heavy Oslo Bourse, fell $-0.71 to $73.93 a barrel * Among the biggest firms on the Oslo Bourse, Statoil fell -0.73 pct, Telenor rose 0.65 pct and DNB rose 1.17 pct * Turnover at the Oslo Bourse was 1.4 billion Norwegian