AKOFS Offshore Inks $282m, Four-year Deal for Aker Wayfarer
Akastor ASA's 50% owned affiliate AKOFS Offshore AS signed a firm contract for its vessel Aker Wayfarer that will continue to perform services as a subsea equipment support vessel (SESV) for Petróleo Brasileiro S.A. as client in Brazil.The duration of the contract is 1,415 days, or almost 4 years, and the services will commence in first half of 2023. AKOFS Offshore will be performing the Aker Wayfarer operations jointly with its partners Bravante for marine services and Oceaneering for ROV services.Total contract value is about $282 million, of which about $198 million will be revenue
Odfjell Drilling buys “Deepsea Nordkapp”
term loan is expected to have a similar structure as Odfjell Drilling’s existing term loans as further described in the Company Presentation. Furthermore, Odfjell Drilling has now signed a preference share investment agreement and a warrant investment agreement with an affiliate of Akastor ASA to carry out a USD 75 million preference share issue and an issuance of warrants for 5,925,000 common shares in Odfjell Drilling to such affiliate, on the main terms described in the Company Presentation. The issuance of the preference shares and the warrants is subject to the approval at a special
MOL Moves into OSV Field
;from survey of subsea oil and gas fields, to installation, inspection, maintenance, repair, and decommissioning of subsea facilities. MOL has also agreed to examine opportunities to expand cooperative ties, based on a long-term perspective, with Mitsui & Co., AKOFS, and its parent company Akastor ASA (Akastor; CEO: Kristian Røkke; Headquarters: Norway). The subsea support vessel business is a field in which MOL can make use of extensive experience gained over two decades of managing cable-laying vessels, and represents a new offshore business following its floating production, storage
MHWirth to Sell MPD Business to AFGlobal
MHWirth, a subsidiary of the publicly listed Akastor ASA, has reached an agreement with AFGlobal Corporation to divest its Managed Pressure Drilling (MPD) business through the sale of its subsidiary, Managed Pressure Operations (MPO). The transaction will be settled through a cash consideration of $10 million on closing, combined with an earn-out element, which could potentially reach $65 million over the next six years. The agreement ensures the ability for MHWirth to provide Integrated MPD drilling packages to the market in the future. Finn Amund Norbye, CEO of MHWirth comments: “We
Name-Juggling No Handicap as Akastor Nets CSV Contract
Akastor ASA informs that it has commenced trading exclusive of rights to consideration shares in New Aker Solutions, and secured an extension of the CSV 'Skandi Santos' charter the same day. Following the completion of the demerger of the Aker Solutions group, Aker Solutions ASA has changed its name to Akastor ASA and is traded under the ticker AKA at Oslo Stock Exchange. New Aker Solutions has simultaneously changed its name to Aker Solutions ASA, and will as of Monday September 29, 2014 trade under the AKSO ticker at Oslo Stock Exchange. CSV "Skandi Santos" was awarded five-year
Aker Solutions Demerger Registered
at the Norwegian Central Securities Depositary (VPS) as of October 1, 2014 (record date). The consideration shares in the new Aker Solutions will be delivered and made available to eligible shareholders on October 2, 2014. With the registration of the demerger, the new board of directors of Akastor ASA was registered with the Norwegian Registry of Business Enterprises. The board of Akastor ASA consists of the shareholder-elected members Øyvind Eriksen (Chairman), Kjell Inge Røkke, Lone Fønss Schrøder, Sarah Ryan and Kathryn M. Baker and the employee-elected members
Oslo Stock Exchange Approves Listing of Aker Solutions Holding ASA
in the shares to begin on September 29. Aker Solutions Holding ASA was created to facilitate the demerger of Aker Solutions into two independent companies. It will be renamed Aker Solutions ASA on completion of the separation announced April 30 this year. The existing Aker Solutions will be renamed Akastor ASA, an oil-services investment company created by the separation. The creditor notice period applicable to the demerger expired at 24:00 hours CET on September 23. All conditions for consummating the demerger have been satisfied and the consummation will be registered with the Norwegian Registry
Demerger Proposed at Aker Solutions
of operation: subsea, umbilicals, maintenance, modifications and operations and engineering. The New Aker Solutions will operate under the Aker Solutions name from the first day of listing. From the first day of listing of New Aker Solutions, the existing Aker Solutions ASA will change its name to Akastor ASA to form the Akastor Group together with the other subsidiaries that have not been transferred to New Aker Solutions. The Akastor Group will, among other things, continue Aker Solutions' activities mainly related to drilling technologies, process systems, surface products and Aker oilfield services
February 2024
