Aker Solutions Wins Services Contract with Petrobras
Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil.The Campos Basin extends approximately 100,000 square kilometers. The three-year contract is valued at more than BRL 250 million and includes an option for a two-year extension.Aker Solutions will be renovating, repairing and upgrading offshore production units for Petrobras' Campos Basin Operational Unit (UO-BC).
Aker Enters Offshore Floating Wind Market
Norwegian oil and gas specialist Aker Solutions has invested in floating wind power technology company Principle Power, with the aim to brings its offshore oil and gas field engineering experience to the renewable energy market. Aker Solutions has an extensive track record in developing offshore oil and gas fields, with particular capabilities in floating facilities. The partnership will help bring Principle Power's technology - an innovative floating foundation for offshore wind turbines, known as WindFloat - to a broader market.
Wagen Joins Corvus Energy Executive Team
Corvus Energy has appointed Willie Wagen as Global Vice President of Sales & Marketing and Managing Director Europe for Corvus Energy Inc., joining the company with years of strategic leadership, sales execution and industry experience. In this new role, Wagen will focus on expanding and accelerating global sales growth and expanding European operations. Before joining Corvus, Wagen held a variety of sales and business development leadership positions over his nine years at Wärtsilä…
DNV GL Guideline Trashes Unnecessary Subsea Documentation
Customer-case shows potential for a 40% reduction in engineering hours on subsea paperwork, and up to 80% less documentation. A cross-industry project led by DNV GL to halt the boom in subsea documentation shows that implementing a standardized approach can significantly reduce engineering hours. The two-year collaboration led by DNV GL has concluded in a publicly available Recommended Practice which can reduce the amount of subsea documentation and enable documentation reuse in a typical subsea field development project.
Aker Solutions, ABB Form Subsea Alliance
Aker Solutions and ABB agreed to build on their combined strengths in subsea, power and automation technologies to develop solutions that will improve oil and gas production for the global energy industry. The cooperation will integrate Aker Solutions' pioneering subsea capabilities and ABB's subsea power and automation system expertise to bring customers more effective, reliable and flexible oil and gas production solutions. It will enhance how production equipment on the seafloor is powered and controlled by applications on shore or platforms…
Aker Solutions Wins Lundin Norway Deal
The agreement covers early-phase studies, pre-engineering (FEED) work, verifications and follow-on engineering for Lundin Norway. It encompasses engineering work from Aker Solutions' three business areas - Engineering, Subsea and Maintenance, Modifications and Operations - as well as the company's integrated study house, Front End Spectrum. The contract has a fixed period of three years and may be extended by as many as two years. The first delivery will be a study for a floating production, storage and offloading (FPSO) unit for the Alta and Gohta oil development in the Barents Sea.
Gjesdal, VP & CFO of Kvaerner to Step Down
Kvaerner's executive vice president & CFO, Eiliv Gjesdal, has decided to seek new challenges outside Kvaerner, and will step down from the role as CFO as of 6 April 2016. He will work with special tasks until his notice period ends 30 June 2016. "Eiliv Gjesdal started as CFO in Kvaerner when the company was demerged from Aker Solutions in 2011. During a period of five years, he made significant contributions to Kvaerner's development and financial management. He has been an important part of our executive management team and has provided strong support to our colleagues.
Kvaerner, Statoil Ink Njord A Deal
Kvaerner has signed a framework agreement with Statoil, on behalf of Partners, for upgrading of the Njord A semi-submersible platform. At the same time, Statoil has made the first call-off from the framework agreement with an estimated value of NOK 120 million. "We are proud to have been awarded this project in tough competition. We believe it is a result of our extensive efforts to increase competitiveness, and it demonstrates a trust in our ability to deliver complex projects on time", says Jan Arve Haugan, President & CEO of Kvaerner.
Aker Joins Johan Sverdrup Phase 2 Study
Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field, Norway's largest oil find in three decades. The study includes design solutions for a tie-in of the platform and future satellites to the field center that is being developed in the project's first phase. The work will be carried out by Aker Solutions in Oslo and Stavanger and will be delivered in the summer. "Johan Sverdrup is of major…
Frontica Inks 5-year Deal with Aker Solutions
Frontica has signed a five year contract with Aker Solutions to deliver staffing services, IT services and consultancy projects as well as business support services within HR, finance and procurement. Under the terms of the contract, Frontica will also contribute to productivity improvements and cost reductions in these areas for Aker Solutions. Niels Didrich Buch, CEO of Frontica said, "This outsourcing contract positions Frontica as a strong contender in the corporate services industry and confirms our position as a market-leading staffing company in the oil and gas sector.
Subsea Innovator Wins SUT Award
Thirty year old napkin sketch became a reality in 2015. The Society for Underwater Technology (SUT) has presented its President’s Award to Dr Kjell Olav Stinessen in recognition of his long term services to industry at the Society’s AGM and annual dinner in London. Dr Stinessen has been an engineer for over 50 years and is now a First Chief Engineer at Aker Solutions. In 1985, he drew a sketch on the back of a napkin of his vision for how subsea compression might work in the future.
Aker Solutions Appoints Formigli to Innovation Board
Press release - Aker Solutions has appointed José Formigli to its innovation board and to serve as an adviser for overall strategic decisions. Formigli, a Rio de Janeiro native and engineer by training, has more than 30 years' experience in the oil and gas business, starting at Petrobras in 1983. In 2012, he assumed the position as director of exploration and production before stepping down earlier this year. He has broad experience in well construction, subsea and topsides engineering as well as planning…
Aker Solutions Names Clark Regional President
Aker Solutions has appointed David Clark as regional president of the U.K. and Africa to oversee an expansion and support operations in these key markets, the company announced today. Clark, a U.K. national, has more than 30 years of experience from the oilfield services, projects and contracting industry, most recently as vice president of production facilities for Schlumberger. He has also held leadership positions at Wood Group and Technip and has broad international experience in overseeing operations and new business developments.
Røkke is CEO of Akastor ASA
Akastor ASA announced that its Board of Directors has appointed Kristian Røkke as its Chief Executive Officer. Mr. Røkke will succeed Frank O. Reite, who will take the position of Chief Financial Officer at Aker ASA. Kristian Røkke, who is currently Chairman of Aker Philadelphia Shipyard ASA (AKPS), a leading U.S. commercial shipyard, and previously President & CEO of AKPS, will assume his new position in Akastor ASA on August 10, 2015. Aker ASA will propose to the nomination committee of Akastor ASA that Frank O.
Aker Solutions Wins Offshore Mexico Order
Aker Solutions won its first order for a project offshore Mexico as it secured a contract from Saipem to supply umbilicals for the Pemex-operated Lakach deepwater natural-gas field. Aker Solutions will deliver electro-hydraulic steel tube umbilicals of about 73 kilometers (45 miles) that will help connect Mexico's first subsea gas development to onshore processing facilities. The field is located about 98 kilometres (60 miles) southeast of Veracruz at depths of between 900 and 1,200 meters in the Gulf of Mexico. It is targeted to supply 400 million standard cubic feet per day.
AVEVA, Aker Solutions Ink Deal for AVEVA Everything3D
Cambridge, UK: AVEVA today announced that it has entered a multiyear agreement with Aker Solutions for AVEVA Everything3D (AVEVA E3D™). The Norwegian oil service company has selected AVEVA E3D to be its strategic 3D tool on plant design, modification and maintenance projects. This agreement is a continuation of a long-standing successful working relationship that spans more than 20 years. ‘The deployment of AVEVA E3D will enhance productivity, enabling Aker to execute larger, more complex projects with less risk using the best solutions available on the market.
Aker, Fjords Join Forces
Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream separation and treatment solutions for the subsea and topside oil and gas industry. The WellSep alliance will apply Aker Solutions' subsea processing experience and testing facilities and Fjords' topside and onshore separation technologies to provide complete solutions. "This is a great opportunity to further develop our key technologies with one of our most important partners…
Changes in Aker Solutions' Top Deck
Tore Sjursen will assume the position as executive vice president for operational improvement and risk management at Aker Solutions on April 1. Knut Sandvik will at the same time replace Sjursen as head of the company's maintenance, modifications and operations business. Sjursen will be based in Oslo and be responsible for the corporate center functions Enterprise Risk Management, Tendering and Corporate Risk Committee, Health, Safety and Environment, Quality and Performance and Operational Audit.
Danos Launches Project Management Group
Danos executives have formed a Project Management Group (PMG) to provide a single point-of-contact for customers with large-scale projects involving multiple services lines. The PMG will streamline critical project communication as well as ensure complete project integration across Danos’ core service lines – production workforce, construction, fabrication, coatings, instrumentation and electrical, environmental services, scaffolding, and shorebase and logistics management. Sophisticated…
Aker Solutions to cut 300 Norway Jobs
Norwegian oil services firm Aker Solutions plans to cut its domestic workforce in response to lower demand after crude prices tumbled, the company said on Wednesday. Around 300 employees within the maintenance, modifications and operations (MMO) division could be affected out of the unit's total staff of 4,300. As previously announced an additional 70 MMO employees may be temporarily laid off. "Activity in the MMO market in Norway has dropped considerably since last summer, causing overcapacity," Per Harald Kongelf, head of Aker Solutions in Norway, said in a statement.
Aker Solutions Post 4Q 2014 Results
*EBIT margin ex. Aker Solutions revenue rose 21 percent to NOK 9.2 billion in the fourth quarter of 2014 from a year earlier, helped by strong progress on major projects across the global business. Earnings before interest and taxes (EBIT) climbed to NOK 557 million in the quarter from NOK 486 million a year earlier. The EBIT margin narrowed to 6.1 percent from 6.4 percent amid a slowdown in the Norwegian maintenance, modifications and operations (MMO) market and as some major subsea projects are still in a start-up phase. This was partly offset by strong project execution at the U.S.
Norway's Oil Sector Repeating Mistakes of last Downturn?
Some 10 pct of oil workers laid off; Energy sector at risk of cutting too much. Norway's offshore energy sector may be repeating the mistakes of the last big oil slump, removing too much capacity too soon and leaving the industry unprepared for any eventual rebound, senior sector insiders said. Faster than many others, western Europe's biggest oil producer is scrapping assets and laying off highly skilled workers even though rebuilding this capacity to meet future demand will be costly, time consuming and likely to accelerate cost inflation.
JDR Appoints Currie as CEO
JDR appointed David Currie as chief executive officer and a member of the board of directors, effective January 12, 2015. Currie brings to the position nearly 30 years’ experience in the global offshore energy industry, most recently the U.K. regional president for Aker Solutions. Previous to that, he spent the bulk of his career at FMC Technologies where he held a range of senior positions, the last of which was director of global subsea operations. Currie will focus on developing JDR’s commercial opportunities…
Aker Employees Buy Shares for NOK 95 Mi
Aker Solutions employees bought shares for about NOK 95 million as part of annual programs for staff and managers. The company for the sixth consecutive year held share purchase programs to encourage employee ownership. A total of 2,332 employees, or 17 percent of eligible staff, participated. "The response was good and I am pleased that so many employees want to invest in our company and its future prospects," said Sissel Lindland, chief HR officer at Aker Solutions. Eligible employees could buy Aker Solutions shares for as much as NOK 60,000 each.
Aker Not to lay off Staff
Norwegian broadcaster NRK today reported that Aker Solutions' fabrication yard in Egersund, Norway, will be letting 1,500 temporary workers go after the new year. While it is common practice at the yard to adjust the temporary workforce to existing activity levels, no decision has been made to do so. The yard currently employs about 2,200 workers, both temporary and permanent, for work on 14 projects. Activity levels are nearly record high as several projects are at an intensive stage of work.
MacGregor Appoints 2 New VPs
MacGregor is presently building its new Global Lifecycle Support organisation to develop and enhance customer service both in the merchant shipping and offshore markets. The installed base of MacGregor's product portfolio of strong MacGregor, Hatlapa, Porsgrunn, Pusnes and Triplex brands is extensive in both markets and MacGregor is strongly focusing on serving its customers well throughout the lifetime of the installations. MacGregor announces appointments of two new Vice Presidents to lead its front line operations and service competence centres globally.