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Aker Kvaerner Awarded Drilling Equipment Contract

Aker Kvaerner has been awarded a contract with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea for delivery of drilling facilities for an ultra deepwater semi submersible drilling rig ordered by an international drilling contractor. The total contract value for Aker Kvaerner is approximately USD 86 million. The award is based on an option included in a contract Aker Kvaerner signed with Daewoo Shipbuilding & Marine Engineering Co. Ltd in February 2006. The work is undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner MH in Kristiansand. The scope of work for Aker Kvaerner MH is to deliver a complete drilling package including engineering, equipment deliveries and commissioning services. The ultra deepwater semi-submersible drilling rig is scheduled for delivery in 2009. The drilling rig will be designed for world-wide operation in harsh environment, including operation on the Norwegian continental shelf.


Aker Kvaerner to Deliver Loading Systems

Aker Kvaerner has recently been awarded several contracts for delivery of advanced loading and offloading systems. One of these contracts comprise the delivery of an advanced offshore offloading system to Lukoil's Varandey platform located at the Peninsula Coast of the Barents Sea. The work is undertaken by the Aker Kvaerner subsidiary Aker Kvaerner Pusnes in Arendal. The offfloading system is designed for extreme low temperature conditions and is the second contract of its kind


Aker Yards Signs $100M Contract

Aker Yards has signed a contract worth approximately NOK 650 million to build a Well Intervention Vessel for Island Offshore. The vessel will be delivered in January 2008. Main duties for the new vessel of Rolls Royce design, will be maintenance and repair of oil-/gaswells in deeps of as far as 600 meters, and operate with a riserless wireline intervention system. The vessel will operate an ROV, (remote operated vehicle), for operations on the sea bed


Aker Kvaerner Awarded Drilling Equipment Contract

Aker Kvaerner has been awarded a contract with Neptune Marine & Drilling Pte Ltd in Singapore for delivery of a drilling equipment to the Neptune Explorer drillship. The total contract value for Aker Kvaerner is approximately $23m. "This contract which consists of derrick drill floor equipment and motion compensation are based on Aker Kvaerner MH's standard drilling equipment. This contract with Neptun is our latest project that will benefit from standardisation of our drilling equipment


Aker Yards and MSC Signed Cruise Ship Contract

Aker Yards has signed a contract with MSC Cruises to build a 4th MSC Musica Class Cruise ship. The MSC Magnifica will be built at Aker Yards, Saint-Nazaire and delivered in 2010. The value of the contract is approximately $546.8m (EUR 410 million.) The contract is subject to financing. Like its three predecessors (MSC Musica, MSC Orchestra and MSC Poesia, this 89,600 GT cruise ship is 294 metres long and just over 32 metres wide, and complies with the Panama Canal Standard


Aker Kvaerner Awarded Drilling Equipment Contracts

Aker Kvaerner has been awarded two drilling equipment contracts by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) in Korea; one for a single drillship, the other one for a semi rig. The total contract value for Aker Kvaerner is approximately $213m. The scope of work for both contracts is to deliver complete drilling equipment packages including installation and commissioning supervision. The contracts will be executed by the Aker Kvaerner subsidiary


Aker Kvaerner Wins Blind Faith Contract

Chevron with partner Kerr-McGee has awarded Aker Kvaerner a contract for marine operations for installation of the Blind Faith platform in the Gulf of Mexico. The contract value is estimated to approximately $35 million. The new contract will be executed by the Aker Kvaerner company Aker Marine Contractors, and includes installation of a mooring system, topside transport, transportation and installation of the Blind Faith semisubmersible platform as well as hook up of the risers of the


Aker Kvaerner Awarded Contract

Aker Kvaerner has been awarded a contract with Discoverer Invest Ltd in Singapore for delivery of drilling systems and equipment to a Frigstad D90 ultra deepwater semi-submersible drilling rig. The total contract value for Aker Kvaerner is approximately NOK 450 million. The drilling package will consist of a dual version of the RamRig, an advanced drilling system developed by Aker Kvaerner. This system is designed to enable more efficient drilling operations compared with conventional systems


Aker Yards to build Four for Farstad

Aker Yards has entered into a contract with Farstad Shipping ASA for building of four AHTS Vessels with a value of approx $321m. The vessels to be built are 87.4 m x 21 m Multifunctional Deep Water Anchor Handling/Tug/Supply/Service Vessels, based on the Rolls-Royce design; UT 731 CD. The Vessels are scheduled for delivery from Aker Yards, Langsten in the second and third quarter of 2009, and the first and second quarter of 2010


Aker Kvaerner Signs Subsea Contract

Aker Kvaerner has been awarded its first subsea contract from Spanish oil company Repsol YPF. The deal is for the delivery of a subsea production system to the Montanzo and Lubina projects off the east coast of Spain. This is Aker Kvaerner's first subsea project in the region. Contract value is undisclosed. Scope of work includes engineering, procurement and construction of two subsea trees with control systems, connections and overtrawlable structures


CFO Theisen Quits Aker Philadelphia

Jeffrey Theisen

  Aker Philadelphia Shipyard ASA announced today that its Chief Financial Officer, Jeffrey Theisen, is resigning from his position later this month to pursue other career opportunities outside of shipbuilding and shipping. Art Whittemore, who was previously CFO of Gamesa USA


Aker Solutions Wins Offshore Mexico Order

Courtesy Aker Solutions

  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)


Aker Philadelphia Appoints New CFO

Photo: Aker Philadelphia Shipyard

  Aker Philadelphia Shipyard ASA has appointed Jan Ivar Nielsen as Chief Financial Officer effective September 2015. Since 2009, Nielsen has held the position of CFO of VARD Holdings, a publicly listed global designer and builder of offshore and specialized vessels with 10 facilities


Fjords Processing Bags Johan Sverdrup Contracts

Johan Sverdrup tendering. Photo Statoil

  Fjords Processing, headquartered in Norway (Fornebu), has won three contracts for the deliveries of process systems for the Johan Sverdrup development in the North Sea. The contracts were signed with Statoil on behalf of the Johan Sverdrup license


Aker Solutions Post 4Q 2014 Results

Courtexy Aker Solutions

  *Sales of NOK 9.2 billion 4Q 2014 vs NOK 7.5 billion 4Q 2013 *Earnings before interest, taxes, depreciation and amortization (EBITDA) of NOK 786 million vs NOK 661 million a year earlier *Earnings before interest and taxes (EBIT) of NOK 557 million vs NOK 486 million a year earlier


Philly Tankers Lines Up Charters

Aker Philadelphia Shipyard

Philly Tankers AS announced today that its wholly owned U.S. subsidiary, Philly Tankers LLC, has entered into binding long-term time charter contracts with a domestic end-user for the two 50,000 dwt product tankers it has on order with Aker Philadelphia Shipyard (AKPS)


Polarbase builds Subsea Workshop for Aker Solutions

Aker Solutions new Subsea building at Polarbase is scheduled for completion in early 2016.

  Aker Solutions has signed a contract with Polarbase for the construction of a new subsea workshop on Polarbase. Polarbase is very excited that Aker Solutions has chosen to establish themselves at the base and pleased to see that the subsea activities are moving north.


Changes in Aker Solutions' Top Deck

Chief Executive Officer Luis Araujo

  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.


Aker, Fjords Join Forces

Courtesy of Aker Solutions

  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


Icebreakers Ordered for Neft’s Novy Port Project

Image: Aker Arctic

Aker Arctic’s icebreaker design selected for Gazprom Neft’s Novy Port project   Aker Arctic and Vyborg Shipyard have confirmed a contract for the design of two new icebreakers based on Aker ARC 130 A design. The icebreakers will be used in the oil terminal operated by LLC


Vyborg Shipyard to Build Icebreaker

Image: Vyborg Shipyard

 Vyborg Shipyard signed a License and Concept Design Agreement with the Finnish engineering company Aker Arctic Technology for two icebreaking support vessels.   Two multifunctional diesels-electric- powered icebreakers 22 MW will be built at Vyborg Shipyard by order of LLC Gazprom


Aker Solutions 1Q 2015 Revenue Up

Courtesy of Aker Solutions

Aker Solutions announced their Financial Results for the first quarter of the current calendar year. Financial Highlights  * Sales NOK 8.5 billion in 1Q 2015 vs NOK 7.5 billion in 1Q 2014  * Earnings before interest, taxes, depreciation and amortization (EBITDA) NOK 591 million vs


AVEVA, Aker Solutions Ink Deal for AVEVA Everything3D

Aker Solutions selected AVEVA Everything 3D to be its strategic 3D tool on plant design, modification and maintenance projects.

  AVEVA establishes long-term partnership with Aker Solutions for the use of AVEVA Everything3D as a core part of the company’s strategic design platform Cambridge, UK: AVEVA today announced that it has entered a multiyear agreement with Aker Solutions for AVEVA Everything3D (AVEVA


Bids Placed for Novy Port Icebreaker Contract

ARC 130 A icebreaker (Source: IAA PortNews)

Seven companies submit bids for contract for Yamal Novy Port terminal icebreaker   The tendering process for the Yamal Novy Port terminal icebreaker design and build contract has kicked off, seeing seven companies submit bids for the project, IAA PortNews reported.  


Aker Arctic Acquires Canada’s Akac

Photo: Aker Arctic

Aker Arctic Technology Inc has acquired full ownership of Canadian based company Akac Inc, which is known in the oil and gas industry for its involvement in the Arctic offshore projects and operations.   According to Aker Arctic Technology






 
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