Aker Solutions Company News

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Aker BP Buys Hess' Norway Unit For $2B
Tuesday, October 24, 2017 Aker BP will add the Norwegian operations of Hess to its expanding exploration and production portfolio under a $2 billion deal.

Aker Completes More Than Two-Thirds of Cost-Cutting Program
Tuesday, May 09, 2017 Aker Solutions ASA revealed that it has completed more than two-thirds of a program to increase cost-efficiency across its business by at least 30 percent by the end of 2017.

Aker Solutions Reduces Total Headcount by Almost 5,000 Since 2014
Thursday, March 30, 2017 Aker Solutions reduces its total staff count by almost 5,000 workers from 2014 to 2016.

Aker Solutions Secures Johan Sverdrup Phase 2 FEED Contract
Tuesday, March 21, 2017 Aker Solutions secures a front-end engineering and design (FEED) contract from Statoil for the second phase of the Johan Sverdrup development offshore Norway.

Aker Solutions Employees Buy Shares in the Company
Friday, December 16, 2016 Aker Solutions employees have bought shares worth $4.6 million as part of annual program for staff and managers.

Southern North Sea Special Interest Group Launched
Monday, November 21, 2016 A steering group of offshore companies has been appointed to work together to explore opportunities to maximize remaining gas reserves in the Southern North Sea (SNS).

Aker Solutions to Buy Brazilian C.S.E
Friday, October 21, 2016 Aker Solutions agrees to buy 70% of Brazilian C.S.E. Mecanica e Instrumentaçao Ltda.

Aker, Aibel Win Contracts Worth $600M for Dvalin Work, Offshore Norway
Tuesday, October 04, 2016 Oil and gas producer DEA awards contracts worth approximately $600 million to Aker Solutions and Aibel.

Aker Solutions Lets Employees Buy Company Shares
Monday, September 26, 2016 Oilfield services company Aker Solutions will, for the eighth consecutive year, offer employees in selected jurisdictions the opportunity to buy shares of the company.

Aker Solutions to Temporarily Cut 100 Employees
Tuesday, September 20, 2016 Aker Solutions confirms that it will temporarily cut 100 employees from its subsea services business in Norway, due to the sustained decline in market activity.

Aker Lands Troll B Work
Friday, September 16, 2016 Aker Solutions secures a contract from Statoil to deliver a compression module for the Troll field in the North Sea, which will help boost output at the offshore Norwegian field.

Det Norske Increases Production Guidance for 2016
Wednesday, September 14, 2016 Norway-focused exploration and production company Det norske oljeselskap ASA increases its production guidance for 2016.

Subsea 7 Forms Development Alliance with Det Norske, Aker Solutions
Tuesday, September 13, 2016 Subsea 7 S.A. forms a development alliance with Det norske oljeselskap and Aker Solutions to cut costs.

Aker Solutions Secures Utgard Tie-in Work
Thursday, September 08, 2016 Aker Solutions secures a services contract for the tie-in of the Utgard gas and condensate field to the Statoil-operated Sleipner facilities in the North Sea.

Aker Solutions Says Norwegian Offshore Sector Could Improve in 2017
Wednesday, July 13, 2016 Aker Solutions believes the offshore Norwegian oil and gas sector could start improving by next year, although the next few months are likely to remain 'subdued'.

Aker Secures FEED Deal from Idemitsu for Blocks 05-1b, 05-1c Off Vietnam
Tuesday, July 12, 2016 Aker Solutions secures a front end engineering and design (FEED) contract for Idemitsu's Blocks 05-1b and 05-1c development in the Nam Con Son basin offshore Vietnam.

Aibel Appoints New President, CEO
Tuesday, June 14, 2016 Mads Andersen will take over as the new Aibel President and CEO from January 1, 2017, following Jan Skogseth's decision to retire.

Norway Strike Threat Increases as Parties Fail to Find Agreement
Wednesday, June 08, 2016 The threat of strike action among 6,000 oil service worker employees in Norway increases as unions and energy company representatives fail to settle wage disputes.

Aker Wins Zohr Umbilicals Contract
Monday, June 06, 2016 Aker Solutions wins a contract to deliver its longest-ever umbilicals system at the Zohr offshore gas field in the Egyptian part of the Mediterranean Sea.

EC225LP Helicopters Grounded in UK, Norway after 13 Killed in Crash
Saturday, April 30, 2016 UK Civil Aviation Authority joins Norway in banning EC225LP helicopter flights, as Statoil confirms that employees from Halliburton, Aker Solutions, Schlumberger, Welltec and Karsten Moholt were on the flight.

Oil Service Firm Aker Solutions Says Market Uncertainty Persists
Thursday, April 28, 2016 Aker Solutions posts 1Q earnings in line with expectations and says outlook for its core Norwegian market still looks subdued this year amid the lower crude prices.

Aker Solutions, ABB Team Up To Develop Subsea Production
Wednesday, April 27, 2016 Aker Solutions and ABB agree to team up to develop solutions that will "improve oil and gas production for the global energy industry," according to a statement from Aker.

Norway's Aker Seeks More Investments, Says Billionaire Owner Roekke
Friday, April 22, 2016 Aker expects to conduct more acquisitions and other transactions in coming years, according to the firm's top owner.

Aker Solutions Wins Engineering Services Agreement with Lundin
Wednesday, April 20, 2016 Aker Solutions secures a framework agreement from Lundin Norway to provide engineering services for offshore developments in Norway.

Aker Solutions Secures Subsea Services Contract with Petrobras
Friday, April 15, 2016 Aker Solutions secures a contract with Petrobras to provide maintenance and other services for subsea facilities at the energy firm's operated oil and gas fields offshore Brazil.

Wood Group, Aker, DNV GL, Bibby Secure North Sea Work
Monday, April 04, 2016 John Wood Group plc, Aker Solutions, DNV GL and Bibby Offshore secure services contracts for oil and gas related work in the North Sea.

Norwegian Strike Threat Increases
Wednesday, March 30, 2016 Norwegian union Fellesforbundet breaks off pay negotiations with the employers' Federation of Norwegian Industries, increasing the risk of strike action.

Aker Solutions Secures BP Subsea Deal
Tuesday, March 29, 2016 Aker Solutions secures a global framework agreement to deliver engineering and project management services at BP-operated subsea oil and gas fields.

SPE Announces Winners of Offshore Achievement Awards
Friday, March 18, 2016 The Society of Petroleum Engineers announces the winners of the 30th Offshore Achievement Awards in Aberdeen.

Wood Group PSN to Reduce UK Contractor Pay by 9%
Friday, February 19, 2016 Wood Group PSN (WGPSN) plans to reduce the pay of around a third of its UK contractor workforce by an average of nine percent.

Aker, Total Team-Up on Subsea Technology Development
Tuesday, February 16, 2016 Aker Solutions and Total agree to work together to develop new, cost-effective subsea field technology.

Aker Posts Lower Profits, Cuts Workforce Salary
Friday, February 12, 2016 Aker Solutions becomes the latest oil and gas services company to announce a fresh round of cuts amid the lower oil price.

Aker to Deliver Johan Sverdrup Concept Study
Wednesday, February 10, 2016 Aker Solutions will work on a concept study for a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field.

Oil, Gas Service Companies Win Several North Sea Contracts
Wednesday, February 03, 2016 Aker Solutions, Subsea 7, Technip Norway, Ocean Installer, Hereema Fabrication Group and Aibel secure work in the North Sea.

Statoil Enlists Aker for Johan Castberg FPSO Concept Study
Tuesday, January 26, 2016 Aker Solutions is enlisted by Statoil to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg oil field development in the Barents Sea.

Aker Solutions to Cut up to 900 Jobs in Norway
Friday, January 15, 2016 Aker Solutions is streamlining its Norwegian MMO business to one regional unit, from four, in a move that could see the company shed 900 permanent positions.

Statoil Signs New Agreements with Aker, OneSubsea
Friday, January 08, 2016 Statoil signs master service agreements with Aker Solutions and OneSubsea Processing, which form the basis for potential new EPC contracts for subsea equipment in the medium-term future.

Aker Solutions, Saipem to Collaborate on Subsea Projects
Friday, December 18, 2015 Aker Solutions and Saipem agree to cooperate on targeted subsea oil and gas development projects worldwide.

Aker Solutions Wins Maintenance Contract with BP
Thursday, November 26, 2015 Aker Solutions secures a framework agreement to provide maintenance and modifications services at BP-operated oil and gas fields offshore Norway.

Aker Solutions Tenders for Contracts Worth More than NOK 60B
Thursday, November 05, 2015 Aker Solutions says it has tenders for contracts worth more than NOK 60 billion ($7.2 billion).

Aker Bags Subsea Contract from Murphy for Rotan Gas Project Off Malaysia
Thursday, October 01, 2015 Aker Solutions bags contract to supply a subsea production system to Murphy Oil for the Rotan deepwater gas project offshore East Malaysia.

Aker Appoints Ex-Petrobras E&P Director
Thursday, September 10, 2015 Aker Solutions appoints ex-Petrobras exploration and production director Jose Formigli to its innovation board and as an adviser for overall strategic decisions.

Aker Solutions Appoints New Regional President
Wednesday, September 09, 2015 Aker Solutions has appointed David Clark as regional president of the UK and Africa, effective September 21, 2015.

Statistics Norway Expects Oil Prices to Hit $60 Per Barrel in 2018
Thursday, September 03, 2015 Statistics Norway expects oil prices to "remain low going forward", before increasing to around $60 per barrel in 2018.

Aker Solutions CEO Says Risks Further Staff Cuts
Wednesday, September 02, 2015 Aker Solutions could be forced to cut jobs again unless markets recover, according to Aker Chief Executive Luis Araujo.

Aker Solutions to Slash up to 500 More Jobs
Tuesday, September 01, 2015 Aker Solutions will be further reducing its Norwegian subsea workforce due to a "continued market slowdown".

Employment in Norwegian Oil, Gas Sector
Monday, August 24, 2015 Rigzone takes a look at employment developments in Norway during 2015, highlighting the reasons behind some of the largest cutbacks in the region and examining what hope there is for the area in the future.

European Oilfield Services: Light at the End of the Tunnel?
Friday, August 14, 2015 Rigzone takes a look at recent quarterly statements and strategy updates from European oilfield services firms.

Ophir Awards Upstream FEED Deals for E.Guinea's Fortuna FLNG Project
Thursday, July 09, 2015 Ophir Energy awards upstream front end engineering and design contracts for the Fortuna gas project in Equatorial Guinea to two consortia comprising McDermott Marine Construction-GE Oil & Gas and Subsea 7-Aker Solutions.

More Than 2,000 Potential Job Losses in Norway by 2016
Friday, June 12, 2015 Statoil and Aker Solutions could potentially lay off 2,200 employees by the end of 2016 due to cost cutting operations.