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Aker Yards to Build Platform Supply Vessels for The Great Eastern Shipping Co.

Aker Brattvaag, a company in the Aker Yards Group, has signed a contract with The Great Eastern Shipping Co, Mumbai, India, for the building of two Platform Supply Vessels. The contract is worth approximately NOK 230 million. The vessels are scheduled for delivery in June/July 2006 and August/September 2006, or 2007. The vessels have the designation UT 755 L, an extended version of the well-respected UT 755 design by Rolls-Royce, which will also be a major supplier of equipment to the project. Aker Yards has in total built 52 various versions of the UT 755 design and has another 8 on order. An identical vessel was delivered from Aker Brattvaag to The Great Eastern Shipping Co. in August this year, and three more vessels have earlier been delivered to the same owner by Aker Yards. The vessels will measure 72 m in length and will have a maximum cargo capacity of 3316 tonnes. The hulls will be built by Aker Tulcea in Romania.


Aker Yards Secures Contracts for Diving Support Vessels

Aker Yards ASA said it won an order from DOF ASA for a diving support vessel (DSV), and a contract from DOFCON ASA and Technip for a second DSV. For DOF, Aker Yards will build a DSV based on Aker Yards' Aker DSV06 design, while the other DSV will be to the Aker OSCV-06L DSV design. Source: Forbes


Aker to Build Anchor Handling Supply Vessel

Aker Yards has entered into a contract with DOF Installer ASA based on the options given in the contract between the parties of March 5, 2007. This is the first of two possible options in the connection of the previous contract for building of 2 + 2 AHTS vessels. The value of this contract is approximately $130m. The vessel is an Anchor Handling Supply Vessel based on the Aker Yards design AH 04 CD. Delivery is scheduled in Q4 2010


Aker Yards to Build DSVs

Aker Yards has entered into a contract with DOF ASA for the building of one Diving Support Vessel (DSV), and a contract with DOFCON and Technip for a second DSV. Aker Yards is to build a 106 m Diving Support Vessel for DOF, based on an Aker Yards design; Aker DSV06. The Vessel is scheduled for delivery from Aker Yards, Søviknes in the spring of 2007. The Vessel occupies a construction slot originally designated for a large PSV, the delivery of which has been delayed to 2008


BP Extends Agreement with Aker Kvaerner

BP Limited UK has extended a three year frame agreement with Aker Kvaerner, for the supply of steel tube umbilicals, for an additional two years until 2007. Aker Kvaerner Subsea will continue to provide project management, engineering and manufacturing of steel tube umbilicals. The steel tube umbilicals are manufactured at Aker Kvaerner Subsea's purpose-built facility in Moss, Norway. Under the existing frame agreement Aker Kvaerner has supplied steel tube umbilicals for the Rhum


Wärtsilä Powers 5 Aker Yards Vessels

3D drawing of the LNG-fuelled Platform Supply Vessel being built at the Aker Yards facility at Søviknes, Norway

Wärtsilä Powers 5 Aker Yards Vessels Wärtsilä has signed major contracts with Aker Yards AS Søviknes and Aker Yards AS Trading - the recently established project development arms of the Aker Yards Group - for the supply of propulsion equipment for five offshore vessel projects being built in Norway, India and Brazil. The orders cover the supply of a total of 15 Wärtsilä engines, as well as power generation, automation, and other ancillary equipment.


Aker Kvaerner Awarded Mooring Systems Contracts

Aker Kvaerner has recently been awarded contracts for the delivery of advanced mooring systems with a total contract value of $29.5m. The contracts comprise deliveries both to the offshore and marine industry. The work is undertaken by the Aker Kvaerner subsidiary Aker Kvaerner Pusnes in Arendal. The awards include delivery to the two advanced Aker Drilling H6e semi-submersible rigs to be built at Aker Kvaerner Stord and to five deepwater semi-submersible rigs to be built at Jurong's


Aker Solutions Expands Indonesian Facility

Aker Solutions has opened a new, expanded manufacturing facility for surface trees and wellheads in Batam, Indonesia. The expansion is part of Aker Solutions' strategy to increase its presence in the Asia Pacific oil and gas markets. Aker Solutions has invested $17 million into the expansion, which included a 700-square-meter increase in building space, two new workshops, and a new warehouse. The facility now encompasses a total of 21,800 square meters


Aker Solutions to Supply Six Jurong Shipyard Drillships

Aker Solutions wins contract to supply drilling equipment packages for a series of six deepwater drillships for the Brazilian market. The six new vessels will be operated by Norwegian drilling operators Seadrill and Odfjell Drilling (3 each) under 15-year charter contracts from Petrobras. The drillships will be capable of operating at 10,000 feet water depth and drilling to depths of 40,000 ft. Aker Solutions' contract includes complete topside and subsea equipment (drilling riser and


Aker Pulls the Plug on NPS Energy Acquisition

Aker Solutions has ended the process to acquire the Dubai-headquartered oil services company NPS Energy. Aker Solutions announced an agreement to buy the shares in NPS Energy on 21 May 2012. The agreement was conditional upon a series of parameters being fulfilled before the end of the closing period. The agreement stated that if the transaction had not closed by 20 November 2012, both parties had the right to terminate from 21 November 2012


Aker Philadelphia Shipyard ASA : Purchase of own shares

Image

  Aker Philadelphia Shipyard ASA (the "Company") (Oslo: AKPS) has on 21 July 2014 purchased 2,155 shares in the Company on Oslo Axess at an average price of NOK 160.64 per share with a total consideration of NOK 346,190. Following the transaction, AKPS holds a total of 2


Aker Philadelphia Shipyard to Pay Dividend

Aker Philadelphia Shipyard

  ]On July 16, 2014, the Board of Directors of Aker Philadelphia Shipyard ASA (Oslo: AKPS) resolved to pay a dividend to the shareholders of AKPS as of expiry of July 22, 2014, of NOK 1.5 per share, in aggregate NOK 18,862,149. The resolution was made pursuant to an authorization granted


Aker Philadelphia Shipyard : Buyback Program of Own Shares

 Aker Philadelphia Shipyard

The Board of Directors of Aker Philadelphia Shipyard ASA has resolved to initiate a buyback program for up to 10% of the Company's share capital. The decision reflects the Company's focus on maximizing shareholder returns over time, its strong financial position


Aker Solutions Reports Earnings Prior to Split

Offshore work: Image credit Aker Solutions

Aker Solutions reports its second-quarter 2014 earnings ahead of its plan to split into two companies at the end of September 2014. One company will keep the current name and be comprised of the Subsea, Umbilicals, Engineering, and Maintenance, Modifications and Operations (MMO) areas.


Demerger Proposed at Aker Solutions

Photo: Aker Solutions

The board of directors of Aker Solutions ASA has in accordance with the strategy disclosed April 30 resolved to propose to the company's shareholders that Aker Solutions be split into two companies. The board has also determined to write down the value of some assets in the Aker Oilfield Services


Philly Tankers Step Closer to Its First Vessels

Philly Tankers Step Closer to Its First Vessels

  Following the announcement of 10 June 2014 by Aker Philadelphia Shipyard ASA  (AKPS) Philly Tankers had successfully secured equity commitments necessary to finance the purchase of two product tankers from AKPS with deliveries in 2016 and 2017.


Aker Subcontracts RDS for Statoil FEED Work

RDS, a rig design and engineering subsidiary of international drilling contractor KCA Deutag, has been awarded a $10 million contract to carry out front-end engineering design (FEED) work on Statoil’s Johan Sverdrup development in the Norwegian North Sea.


Norway Offshore MMO Slowdown: Aker Helps Redundant Workers

Working offshore: File photo

Aker Solutions says it is transferring employees to a new subsea engineering hub in Stavanger and using the Aker Advantage recruitment agency to find work for more than 200 employees impacted by the slowdown in Norway's offshore maintenance and modifications market.


Statoil Awards Mariner Contracts to UK Suppliers

Gunnar Breivik, managing director, Statoil Production (U.K.) Limited

  Statoil (U.K.) Limited has awarded the maintenance and modification services contract for the Mariner field to Aker Solutions UK.  The offshore services contract has been awarded to Stork Technical Services Limited, also based in the UK.


UK Suppliers Win Statoil Contracts

Gunnar Breivik, managing director, Statoil Production (U.K.) Limited (Credit Statoil)

Statoil (UK) Limited has awarded Aker Solutions UK with the maintenance and modification services contract for the Mariner field.  Likewise, the offshore services contract was awarded to Stork Technical Services Limited (UK). Aker Solutions will perform the services for the Mariner field


Total Cancel 'Skandi Aker' Vessel Contract

Skandi Aker: Photo Aker Solutions

Aker Solutions' subsidiary Aker Oilfield Services says it has been notified by Total in Angola of the termination of a USD 250 million, two-year contract for the 'Skandi Aker'. Aker explain that the Skandi Aker started operations as a well-intervention vessel for the first time in September 2013


Aker Solutions Appoints Head of Industry & Investor Relations

Aker Solutions says it has recruited David Phillips from HSBC Global Equity Research as head of industry and investor relations. He will start on June 17, 2014. Phillips, 43, served as global co-head of oil and gas research and managing director at HSBC since mid-2011 after joining the bank as


Aker Philadelphia Shipyard forms Philly Tankers

Kristian Rokke, Chairman of AKPS

Aker Philadelphia Shipyard and financial sponsors, including American Shipping Company and funds affiliated with Apollo Global Management, create pure play Jones Act shipping company, Philly Tankers. Aker Philadelphia Shipyard ASA (OSE: AKPS) is pleased to announce the planned establishment of


Aker Gets BP Offshore Norway Contract

Aker OCV: Image courtesy of Aker Solutions

Aker Solutions says it has secured a framework agreement to provide engineering, modifications and maintenance services for BP-operated oil and gas fields offshore Norway. The contract has a period of up to two years valued at maximum NOK 1


Alu Design Operator Chair Lands Star Role In 'Transformers: Age of Extinction'

MH OCH 300 operator chair

Norway’s Alu Design is set to make its Hollywood debut in the latest Transformers blockbuster, with the news that its MH OCH 300 operator chair has secured a role in Paramount Pictures’ Transformers: Age of Extinction. The seat, created for Aker Solutions in 2012






 
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