Aker Solutions 3Q Results

Friday, October 24, 2008

  • Good operations, steady performance (EBITDA increased by 15%, EBITDA margin of 8.5%)
  • 12 drilling equipment packages awarded YTD 2008
  • Strategically important agreements on Kashagan and Ekofisk
  • 100 percent ownership of Aker Marine Contractors
  • Structural changes in Subsea and P&T business areas

Aker decided to change the set-up of the two business and Products & Technologies to reinforce its deepwater position.

The changes involve an integration of Aker Marine Contractors and our Well Service and Geo business units into the Subsea business area. In combination with our ownership and cooperation with Aker Oilfield Services, the new structure will also leverage Aker’swell intervention services offering. Until now these business units have been part of the Products & Technologies business area. In addition the drilling riser business will be transferred from Subsea to the Products & Technologies business area.

On 22 August Aker Solutions ASA acquired an additional 30 percent of the shares in Aker Marine Contractors from for USD 80.30 million. Another 10 percent of the shares were acquired on 22 October for USD 26.76 million from Aker Capital. After these transactions Aker Marine Contractors is a fully owned subsidiary of the group.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Pirates Switch to Kidnapping Crew as Oil Fetches Less

Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable,

Baltic Index Down for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday for the third straight session, as demand for bigger vessels weakened.

Kongsberg, DNV GL Partner to Reduce Training Costs

Kongsberg Maritime has entered a partnership with class society DNV GL to issue Product Certificates for Maritime Simulator Systems required by maritime training

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1045 sec (10 req/sec)