Aker Solutions Acquires Subsea Companies
Aker Solutions has acquired the Norwegian companies Subsea House and SSH Engineering and plans to further expand and recruit 50-100 people in Stokke, located in the Vestfold county of Norway. The transaction value is undisclosed. Subsea House and SSH Engineering, currently owned by Subsea Holding, employs 40 people in total. The companies were established in 2007 and have a solid background within development, assembly, testing and refurbishment of subsea tools and products. The companies developed a state-of-the-art subsea facility in Stokke…
Aker Solutions Boosting Subsea Capacity
International oil service group Aker Solutions is preparing for major growth by investing NOK 500 million (USD 87 million) in its subsea business. This investment is set to double the capacity of its manufacturing plants in Tranby, Norway, and Port Klang, Malaysia. In addition, a new service base will also be established in Malaysia. The subsea segment of the oil and gas industry is growing rapidly and is expected to develop exponentially over the next few years. Of Aker Solutions' 23 500 employees almost 7000 are employed within the subsea business…
Evaluating the Floating Production Market 2010-2015
Over the next few years, Douglas-Westwood forecasts a strong increase in FPS expenditure, driven by a surge in installations. Findings from the latest edition of our World Floating Production Market Report indicate that more than 100 Floating Production Systems (FPSs) will be installed worldwide over the next five years. This represents a total global value of approximately $45 billion and around a 20% increase on the previous five years. It is worth noting upfront that, following the Deepwater Horizon explosion and oil spill…
