Latest news with #AkerSolutions
Yahoo
21 hours ago
- Business
- Yahoo
Aker Solutions ASA: PTAS Aker Solutions secures extension of brownfield services contract in Brunei
OSLO, Norway, June 4, 2025 /PRNewswire/ -- PTAS Aker Solutions has secured a significant1 two-year contract extension to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP). The extension is a result of the customer exercising an option included in the current agreement. PTAS Aker Solutions, a local joint venture between Aker Solutions and the Brunei company PTAS Sdn Bhd, has been awarded a contract extension for delivery of Offshore Restoration Maintenance Construction (ORMC) services for Brunei Shell Petroleum (BSP). The work will be managed from PTAS Aker Solutions Sdn Bhd's office in Kuala Belait, Brunei Darussalam. The scope of work covers maintenance and upgrades to sustain production levels across offshore assets in the South China Sea, with PTAS Aker Solutions serving as the main contractor. "We look forward to leveraging an optimized delivery model and driving targeted improvement initiatives during this contract period. As the main contractor, we are committed to enhancing new ways of working and improving performance and efficiency while delivering cost reductions across the value chain", said Paal Eikeseth, Executive Vice President and head of Aker Solutions' Life Cycle Business. Aker Solutions secured the first ORMC contract for Brunei Shell Petroleum in 2012 and the current contract in 2020 as PTAS Aker Solutions. PTAS Aker Solutions combines strong local execution capabilities, with the full breadth of Aker Solutions' international expertise. The contract will be booked as an order intake in the second quarter of 2025 in the Life Cycle segment. 1 Aker Solutions defines a significant contract as being between NOK 1.5 billion and NOK 2.5 billion. CONTACT: Preben Ørbeckinvestor +47 470 10 611 Ruth Lyckemedia contact +47 906 65 931 This information was brought to you by Cision View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
3 days ago
- Business
- Bloomberg
Norway Takes Drone Inspections of Offshore Oil Platform to a New Level
A major Norwegian oil field is taking the industry's use of drones for safety inspections to a new level, with a permanently installed aircraft that's operated remotely from the shore. From a control room in Norway's oil capital of Stavanger, pilots are performing drone inspections of the Edvard Grieg platform some 180 kilometers out at sea. The technology is a step toward fully autonomous inspections, requiring fewer workers to be sent offshore, according to its operator Aker Solutions ASA.
Trade Arabia
4 days ago
- Business
- Trade Arabia
Aker Solutions wins BalWin2 wind project contract
Aker Solutions has signed a significant contract with Dragados Offshore to deliver the steel substructure for the 2GW HVDC converter station for the BalWin2 offshore wind grid connection system in Germany, developed by Amprion Offshore. With this contract award, Dragados has exercised the option for the second HVDC converter station for the BalWin development in Germany. "We are proud that Dragados Offshore has selected Aker Solutions as the contractor for the second BalWin steel substructure. This will enable us to leverage our standardization and industrialization efforts to increase productivity and drive down costs,' said Sturla Magnus, Executive Vice President for Aker Solutions' New Build segment. Fabrication of the HVDC substructures will be executed by Aker Solutions' yard in Verdal, Norway. At its peak, the project will employ over 450 people. For Aker Solutions, the scope involves procurement, fabrication engineering and construction of the offshore HVDC converter platform substructure. Preparation will commence Q1 2026, while construction is scheduled to begin in Q1 2027, with delivery in 2029. Aker Solutions will book the award as order intake in the second quarter of 2025 in the Renewables and Field Development segment.
Yahoo
30-04-2025
- Business
- Yahoo
Aker Solutions ASA: First-Quarter Results
OSLO, Norway, April 30, 2025 /PRNewswire/ -- Aker Solutions has delivered high revenue growth and a strong order intake in the first quarter of 2025. The company continues to have a solid order backlog and high tender activity. Earlier this week, the Annual General Meeting approved the cash dividend of NOK 3.30 per share for the fiscal year of 2024. 1Q 2025 Financial Highlights (all figures excluding special items) Revenue NOK 14.4 billion EBITDA NOK 1.2 billion EBITDA margin 8.4 percent Earnings per share NOK 1.35 Order intake NOK 25.6 billion (1.8 times book-to-bill) Order backlog NOK 72.1 billion "We are keeping up momentum in yet another high-activity quarter, resulting in good progress on our project portfolio and solid financials. This speaks volumes about the strength and resilience of our organization," said Kjetel Digre, Chief Executive Officer of Aker Solutions. "Our recent contract wins show that we remain a competitive and trusted partner in the broader energy market. At the same time, we continue our efforts together with our clients and strategic partners to improve productivity and drive down costs," said Digre. Key developments Revenue in the first quarter increased to NOK 14.4 billion compared to NOK 11.5 billion in the first quarter of 2024, representing a growth of 25 percent. EBITDA increased to NOK 1,213 million, compared to NOK 987 million in the same quarter last year. The underlying EBITDA margin for the quarter was 8.4 percent, or 7.2 percent if excluding the net income from OneSubsea. As previously disclosed, the legacy renewables projects have been both operationally and commercially challenging. The projects are progressing for delivery in 2025. Discussions are ongoing with both clients and subcontractors to solve these commercial challenges. Order intake for the quarter ended at NOK 25.6 billion, or 1.8-times book-to-bill. Most of the new orders relate to the 'second generation' of renewables and transitional energy projects in Aker Solutions, with balanced risk-reward profiles and focus on standardization to reduce costs. The secured order backlog at the end of the quarter stood at NOK 72.1 billion. OneSubsea, owned 20 percent by Aker Solutions, also delivered strong financial results in the period, with an EBITDA margin of 20.4 percent. OneSubsea has an attractive dividend policy with ambitions to distribute more than USD 250 million during the year. During the first quarter, Aker Solutions received NOK 152 million in quarterly dividends from OneSubsea. Aker Solutions' financial position remains solid with a net cash position of NOK 3.4 billion at the end of the first quarter. Outlook and financial guiding The company continues to have a solid order backlog and a large tender pipeline of about NOK 85 billion, dominated by oil and gas opportunities in Europe. Based on the secured backlog and market activity, full year revenue in 2025 is now expected to exceed NOK 55 billion. At this early stage, the underlying EBITDA margin, excluding net income from OneSubsea, is expected to be in the 7.0-7.5 percent range for the full year of 2025. Earlier this week, the Annual General Meeting approved the cash dividend of NOK 3.30 per share which will be paid on May 8, 2025. CONTACT: Preben Ørbeckinvestor +47 470 10 611 Hallvard Norummedia +47 913 80 820 This information was brought to you by Cision The following files are available for download: 1Q-2025-Presentation View original content: SOURCE Aker Solutions ASA Sign in to access your portfolio
Yahoo
04-04-2025
- Business
- Yahoo
Aker Solutions ASA: Annual, Remuneration and Corporate Governance reports for 2024
OSLO, Norway, April 4, 2025 /PRNewswire/ -- Aker Solutions today publishes its annual report, remuneration report and corporate governance report for 2024. The reports are attached and also available on and Aker Solutions has also published its annual financial statements in European Single Electronic Format (ESEF), available as an attachment to this release. CONTACT: Preben Ørbeckinvestor 470 10 611 Hallvard Norummedia 913 80 820 This information was brought to you by Cision The following files are available for download: AKSO - Annual report 2024 Remuneration Report 2024 Corporate Governance Report 2024 View original content:
