Svein Oskar Stoknes has been appointed Chief Financial Officer (CFO) of Norwegian industrial investment company Aker, effective August 1, 2019.Stoknes, who has worked at Aker Solutions since 2007 and was named CFO in September 2014, replaces Frank O…
Offshore renewable energy is gaining investment support in the United States, particularly on the east coast. While the U.S. is a full generation behind its European counterparts in tapping the wind as an energy source, if current plans come to fruition it could gain ground quickly…
Norwegian offshore engineering company Aker Solutions has launched a new software and digital services company called ix3 that it says will enable operators to accelerate field development projects and optimize asset performance.At the core…
Norway's Aker Solutions ASA raised its 2019 revenue outlook on expected higher spending on the offshore oil services and reported better than expected first-quarter profits, lifting its shares on Tuesday.The upbeat sentiment on oilfield spending…
The light has been shone on the potential for the subsea oil and gas industry to not only play a role in but lead energy transition initiatives and new ocean industries in Norway and overseas during the Underwater Technology Conference (UTC) Bergen today…
Airborne Oil & Gas announced Friday that Aker Solutions has joined its shareholder base to further strengthen, integrate and diversify its range of thermoplastic composite pipe (TCP) solutions for the international subsea sector.The global engineering…
Norway’s Aker Solutions has agreed to create a new subsea multiphase boosting company with subsea technology specialist FSubsea.The companies, through new 50/50 owned business FASTSubsea (FAST standing for Fuglesangs Aker Solutions Technology)…
Wood announced on Wednesday that it has secured a contract with Chevron Australia to provide subsea integration and flow assurance front-end engineering design (FEED) services for the Jansz-lo compression project offshore Western Australia.The…
Oil and gas companies working in Norway have hiked their 2019 and 2020 investment forecasts as they add more field development plans, a survey by the country's statistics agency (SSB) showed on Tuesday.Higher investment raises the prospect of further interest rate hikes by Norway's central bank…
Norwegian authorities have formally approved the plan for development and operation (PDO) of the second phase of the Johan Sverdrup field, Equinor announced on Wednesday. The Norwegian energy company said the NOK 41 billion ($4.7 billion) project…
Aker ASA expects Ghanaian authorities to approve a revised $4.4 billion development plan for the offshore Pecan oilfield by the end of the third quarter of 2019, the Norwegian investment firm's chief executive told Reuters on Friday.The company…
The development of the Mero field, part of the Libra pre-salt complex offshore Brazil, has opened a range of opportunities for equipment and services in the oil and gas sector in the South American country. A range of equipment from wet x-mas trees…
Aker Solutions announced Tuesday it has been awarded a master contract to support the delivery of a subsea compression system for the Chevron Australia-operated Jansz-Io field offshore Australia, marking the first time the technology will be used outside of Norway…
Keppel FloaTEC secured an engineering services contract from China’s Offshore Oil Engineering Company (COOEC), the main engineering, procurement, construction and installation (EPCI) contractor for the Lingshui 17-2 production semisubmersible to be built at COOEC's Qingdao facility in China…
Global subsea Xmas tree orders took a major hit through the downturn. But, manufacturers are doing their bit to reduce cost and new generation trees are soon to leave factories, as Offshore Engineer found out during a tour of Aker Solutions’ Tranby facility…
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