Aker Arctic Tests Autonomous Ship Model
A Finnish engineering firm known for its ice-going vessel expertise says it is studying another area of ship technology: autonomous vessel operations.Aker Arctic says it recently successfully tested an autonomous ship model at its ice model test laboratory in Helsinki.The test, which was carried out in ice-free waters, demonstrated the ship model’s ability to detect obstacles in the tank utilizing onboard sensors, maneuver around them without operator input and moor itself automatically to a target pier.While Aker Arctic’s ice laboratory is normally used to test model icebreaking vessels…
Kvaerner, RGI to Establish Joint Ownership for Shipyards
Aker Kvaerner and Aker RGI have entered into an agreement to establish a joint ownership for their wholly owned shipyards in Germany, respectively Kvaerner Warnow Werft and Aker MTW. Among other conditions, the agreement is dependent on approval from Aker Kvaerner's and Aker RGI's lenders. The aim is to implement the new ownership by the end of 2002. Aker Kvaerner will own 40 percent of the two yards. shipbuilding. shipyards in Europe, USA and Brazil. the largest shipyard groupings in the world. combine their shipbuilding activities when the time is right. in which immediate synergies have been identified. management at each yard have studied alternative forms of cooperation. joint leadership team was established earlier this year. competitiveness.
MOL Acquires Stake in AKOFS of Norway
Mitsui O.S.K. Lines (MOL) announced that MOL and Mitsui & Co have entered into a share purchase agreement to acquire shares in AKOFS Offshore AS, which is owned by Akastor ASA, Norway. After in-kind contribution of the company of owner and leasing the subsea support vessel, Skandi Santos, which MOL, Mitsui & Co., and AKOFS are jointly operating since November 2016, MOL's acquisition amount will be about JPY 8 billion. MOL's acquisition of shares in AKOFS means MOL will become more deeply involved in the operation and ship management of subsea support vessels…
Aker Wins Hook-Up Deal for Johan Sverdrup Field
Aker Solutions won a contract from Statoil for the hook-up of the riser platform for the Johan Sverdrup field, Norway's largest offshore development in the past three decades. The company will work closely with subcontractor Kvaerner on joining together the platform's seven modules, which will be transported to Norway in the second quarter of 2018. The scope also covers planning, management and prefabrication. The contract value is approximately NOK 900 million and will be split about equally between Aker Solutions and Kvaerner. Aker Solutions' share will be booked in its first-quarter orders.
VARD bags Aker BioMarine Fishing Vessel Order
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of specialized vessels has secured a contract for the design and construction of one krill fishing vessel for Aker BioMarine in Norway. The new and innovative vessel of VARD 8 10 design is specially developed for sustainable fishing operations in Antarctica. The vessel will measure 130 meters in length, have a beam of 23 meters, and will be equipped with state-of-the-art technology for environmentally friendly operations.
Aker Solutions Secures Work for Njord A Upgrade
Aker Solutions will provide design engineering for the upgrading of the semi-submersible Njord A platform in Norway. The company will as a subcontractor of Kvaerner take part in upgrading the platform after operator Statoil exercised an option in an agreement awarded in April 2016. The option is for work in the engineering, procurement and construction phase of the project. Aker Solutions' share of the work is valued at about NOK 1 billion and will be booked in the company's first-quarter orders.
Demerger Proposed at 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 unit of Akastor, one of two companies that will emerge from the separation. Aker Solutions Holding ASA - a subsidiary of Aker Solutions ASA established for the purposes of the demerger…
Aker Chair Launches Bid For Control Of Company
Norwegian billionaire Kjell Inge Roekke launched a bid last week for full control of industrial holding firm Aker RGI, valuing it at about $1.09 billion. Roekke, who is chairman of Aker RGI and already owns almost two-thirds of the firm after a raid last year, said he wanted to delist Aker RGI from the Oslo bourse if his new bid succeeds. He said he is offering approximately $14 per “A” voting share and $13 per “B” share for Aker, whose interests range from offshore supply company Aker Maritime to an indirect stake in English premier league soccer club Wimbledon. Roekke will buy shares from anyone willing to sell. Under Norwegian law, he can force all minority shareholders to sell to him if he achieves 90 percent control. The offer will run from Aug. 23 to Sept.
New Directors Elected at Aker Maritime
Aker Maritime's corporate assembly has elected Bengt A Rem and Olav Revhaug as the new shareholder representatives on the board of Aker Maritime ASA. Aker Maritime's corporate assembly has elected new directors to take the place of Kjell Inge Røkke and Helge Lund who resigned as directors of Aker Maritime after being elected to the board of Kværner ASA. The election was in accordance with the election committee's recommendations. Bengt A Rem is executive vice president of Aker RGI with responsibility for finance and administration. RGI since 1995, he previously held positions at the Oslo Stock Exchange and Arthur Andersen & Co. He is a state-authorized accountant and a graduate of the Norwegian School of Management. Olav Revhaug is a director of Aker RGI.
Aker RGI Proposes Alternative to Redemption Offer
Aker Maritime previously obliged to postpone the agreed redemption of shares because of objections raised by the French company Coflexip. Aker RGI now offers to buy all the shares in Aker Maritime at the same price as in the redemption offer. In practice this means that the redemption can be carried out in spite of Coflexip's objections. In the original redemption offer the value of the Aker Maritime share was set at NOK 95. Since then the value of Aker Maritime's shares in Kværner and the CGG seismic company has fallen considerably. The loss of value amounts to about NOK 31 a share. Even so, Aker RGI is offering to purchase Aker Maritime's shares at the same price as in the original redemption offer.
Vard Confirms Fishing Vessel Contract for Aker BioMarine
Vard Holdings Limited (VARD), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that the contract for the design and construction of one krill fishing vessel for Aker BioMarine in Norway has been confirmed. The contract had been announced on 14 February 2017, with effectiveness of the contract still subject to certain conditions, including customary financing conditions. All conditions have now been fulfilled and the contract has become effective.
Aker BP Ups 2017 Output View
Oil firm Aker BP, the second-largest operator of oil and gas platforms off Norway, raised its 2017 output guidance and lowered its production cost outlook as it posted second-quarter earnings roughly in line on Friday. The company is the result of a merger between the Norwegian business of oil major BP and the Norwegian oil company Det norske controlled by billionaire Kjell Inge Roekke. Aker BP said its output guidance for 2017 would be raised to a range of 135,000-140,000 barrels of oil per day, against an earlier view of 128,000-135,000, while its production cost would be lowered by one dollar to $10 per barrel of oil equivalent. Its earnings before interest…
Odfjell Drilling Signs Contract with Aker BP
Odfjell Drilling signed a contract with Aker BP ASA for Deepsea Stavanger (6th generation semi-submersible) for a period of approximately 9 months with commencement in February 2018 and completion around October 2018. The contract is for exploration and development drilling at various locations in the Norwegian Sea and the Barents Sea. The contract will follow from the estimated completion of the Wintershall Maria contract and continue until the Deepsea Stavanger is due to mobilise to South Africa to complete one well for Total. The contract value is estimated up to USD (68) million.
Aker Yards Sells Part of Merchant Biz
Aker Yards ASA sold 70 percent of the ownership in three of the yards within its business area Merchant Vessels to FLC West, a Russian owned investment company. When the deal is approved an consummated, Aker Yards will receive EUR 291.9 million from FLC West. Aker Yards ASA has three business areas; Cruise & Ferries, Offshore & Specialized Vessels and Merchant Vessels. The business area Merchant Vessels has shipyards in Florø, Norway, Nikolaev in Ukraine, and in Wismar and Warnemünde in Germany.
Aker Solutions Demerger Registered
The consummation of the demerger of Aker Solutions ASA (the existing Aker Solutions) was registered with the Norwegian Registry of Business Enterprises after the close of trading on the Oslo Stock Exchange on September 26, 2014. The separation of Aker Solutions into two independent companies was announced on April 30 and approved by shareholders on August 12, 2014. The completion of the demerger involves changes to the share capital, the registration of new boards of directors, changes in company names and trading tickers and adoption of new articles of association, as outlined below.
Aker Arctic’s Ice Lab is Back in Acton
The Finnish icebreaking season typically ends in May. Around the same time, the cooling system in Aker Arctic’s ice laboratory in Helsinki, Finland, is turned off and the model basin is allowed to warm up for the annual summer maintenance break. Aker Arctic operates its own ice model testing facility at the company’s main office in Helsinki, Finland. Using the in-house developed FGX model ice, the 75-meter ice tank can be used to get reliable icebreaking performance predictions for ice-going ships and study other ice-related phenomena in model scale.
Marlink Delivers Fleet Xpress on Antarctic Support Vessel
Marlink said it has migrated Aker BioMarine’s Antarctic krill harvester fleet support ship, La Manche, to Inmarsat’s Fleet Xpress service. The system provides a boost to crew communication facilities on board as well as enables vessels to benefit from improved business intelligence and remote access to the vessel’s IT network. The service uses the XChange Universal Remote Access (URA) solution, one of Marlink’s many Value Added Services available on Fleet Xpress. “Fleet Xpress has transformed our communication capabilities aboard La Manche.
Aker to Design Johan Castberg FPSO Accommodations
Aker Solutions won a contract from Sembcorp Marine to design the living quarters for the Johan Castberg development's floating production, storage and offloading vessel (FPSO). The work scope includes detailed design engineering of the living quarters and technical specifications for the equipment and supplies required for Sembcorp to construct the accommodation unit for the Statoil-operated development. Johan Castberg is the largest oil discovery in the Norwegian Barents Sea.
Aker Enters Offshore Floating Wind Market
Norwegian oil and gas specialist Aker Solutions has invested in floating wind power technology company Principle Power, with the aim to brings its offshore oil and gas field engineering experience to the renewable energy market. Aker Solutions has an extensive track record in developing offshore oil and gas fields, with particular capabilities in floating facilities. The partnership will help bring Principle Power's technology - an innovative floating foundation for offshore wind turbines, known as WindFloat - to a broader market.
Aker Solutions Signs Agreement with Petrobras
Norwegian oilfield services company Aker Solutions has won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil. The four-year contract is valued at about NOK 800 million ($101.5 million) and includes an option for a one-year extension. The order covers a range of services to renovate, repair and upgrade the floating production storage and offloading platforms, or FPSOs, at the Barracuda, Caratinga and Albacora Leste fields in the Campos Basin.
CEO Haugan Leaves Kvaerner to Lead Aker Energy
Jan Arve Haugan resigns as President & CEO of Kvaerner, and from March 1, 2018, he will start his new role as CEO of the newly established oil company Aker Energy. Idar Eikrem, Executive Vice President and Chief Financial Officer in Kvaerner, is appointed interim CEO. Haugan has been President & Chief Executive Officer with Kvaerner since its demerger from Aker Solutions and stock listing in the summer of 2011. "Under Jan Arve Haugan's management, Kvaerner has developed into a leading, renowned oil service company with EPC services as our specialty.
Aker/DNV GL Ink Frame Agreement
Aker BP has awarded a new frame agreement to DNV GL, covering a wide range of safety, verification, inspection and classification services across its installations on the Norwegian Continental Shelf. The five-year contract, which includes options for extension, will see DNV GL experts integrated into Aker BP’s organization to provide decision-making support and stand-alone assessments. “This contract represents an important step forward in DNV GL’s long relationship with BP Norway and Det norske oljeselskap…
Odfjell Drilling buys “Deepsea Nordkapp”
Odfjell Drilling announced that Aker BP has today awarded Odfjell Drilling a 2 year firm drilling contract with 1+1 year optional periods. The day rates for the drilling contract will be based on market terms to be determined prior to commencement of drilling operations. In addition to the market linked day rate, a performance bonus as agreed in the alliance agreement with Aker BP, as announced on 21 November 2017, will apply. The contract has a minimum value of USD 245 million, subject to certain adjustments. The commencement of drilling operations is expected in Q2/Q3 2019. For the purpose of the drilling contract with Aker BP, Odfjell…