Aker Solutions secured a contract from Statoil to deliver a compression module for the Troll field in the North Sea to help boost output at one of Norway's key offshore fields. The contract is valued at US$44.9 million (NOK370 million)…
Aker Solutions will provide engineering, procurement, construction, installation and commissioning (EPCIC) services to enable a tie-in of the Utgard gas and condensate field in the North Sea. The 56.4 MMboe Utgard tie-back consists of…
Aker Solutions, Det norske oljeselskap and Subsea 7 have agreed on what the three companies are calling a 'one for all, all for one' collaboration alliance to work on developing the operator's subsea field portfolio. The move, which they…
Aker Solutions is introducing a new executive management team as part of a broader reorganization and a goal to boost cost efficiency by 30%. The new organization will have five delivery centers: customer management, front end, products…
Aker Solutions has secured two contracts worth at least US$112 million (NOK 900 million) from DEA Norge to deliver the subsea production system, maintenance and services at the Dvalin natural gas development offshore Norway. Dvalin illustration…
Scope reduction has been the key focus on Statoil’s Johan Castberg floating production project. Elaine Maslin reports. An illustration of the Johan Castberg field layout. Image from Statoil. Statoil’s…
Aibel was awarded the modification assignment to ready the Heidrun platform to receive the production from the Dvalin field (formerly Zidane). The Heidrun platform (image: Øyvind Hagen/Statoil)…
Norway's Statoil says the world’s first subsea gas compression system has now been in successful operation for one year on the Åsgard field, helping increase production by some 16 MMboe. The firm says the system, installed on the field in the Norwegian Sea…
While French oil major Total has demonstrated the first all-electric Xmas tree, Norway’s Statoil is eager to do the same. Elaine Maslin examines the subsea all-electric initiative. The Åsgard subsea gas compression system…
Brazilian native Luis Araujo became CEO of Aker Solutions in 2014, after joining the business in 2011. He has a BEng in mechanical engineering and an MBA. We asked him about his career and outlook on the industry. Luis…
Aker Solutions has secured a contract from Idemitsu Oil and Gas to provide engineering services for the development of oil and gas resources in the Nam Con Son basin offshore Vietnam. It is the first time Aker Solutions teams up with…
Subsea power remains on the agenda for the subsea processing systems of the future. Elaine Maslin surveys the main players’ progress in producing subsea power distribution systems. The subsea factory – as envisioned by ABB…
Statoil is applying new concepts and new thinking to the Johan Castberg development on the Norwegian Continental Shelf. It’s a DC fiber optic future, Elaine Maslin reports. Transocean’s Polar Pioneer semisub drilled the Skrugard prospect in 2011…
The oil price crash brings subsea processing opportunities, says Rystad Energy’s Jon Fredrik Müller. The Åsgard subsea compressor manifold station was installed in summer 2013 with the Saipem 7000…
Aker Solutions says it is on track to boost cost efficiency in all areas of the company by a 30% goal - or NOK9 billion (US$1.11 billion) annually - in a bid to meet current market conditions. A quarter of the targeted improvement is expected to be achieved this year…
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