Aker Solutions News

(Photo: Aker Solutions)

Aker Solutions Wins ADNOC Umbilicals Contract

Norwegian engineering and equipment firm Aker Solutions said it has secured a NOK 700 million ($78.2 million) order from ADNOC (Abu Dhabi National Oil Company) to deliver subsea umbilicals for the Dalma gas development project located offshore the United Arab Emirates (UAE) in the shallow waters of the Persian Gulf.The scope includes four steel tube umbilicals totaling more than 100 kilometers. The umbilical system will provide power supply, communication services and chemical injection fluids. It will connect the subsea equipment to three new wellhead platforms and link the topside equipment located

(Photo: Equinor)

14 Template Installations in One Month

In one month – from June 11 to July 13 – 14 templates delivered by Aker Solutions and TechnipFMC were installed by vessels Edda Freya and Normand Vision on behalf of Equinor at four fields on the Norwegian continental shelf. The templates are all built according to the same, new standard, Equinor said. Following an increase in the price level for subsea equipment over several years, the Norwegian energy company said it now sees that standardization and simplification strengthens the competitiveness of the subsea industry, providing jobs both onshore and offshore. The Askeladd

(Image: Aker Solutions)

Aker Solutions Beats Forecasts

Aker Solutions beat second-quarter earnings on Wednesday citing demand from the offshore oil sector despite price pressure from ongoing high capacity.Service providers are slowly recovering from a 2014 slump in oil prices that prompted companies to curb offshore projects.Earnings before interest, tax, depreciation and amortization (EBITDA), excluding one-offs, rose to 629 million crowns ($73 million) from 441 million crowns a year earlier.That beat the 585 million crowns expected by four analysts in a Refinitiv poll."There is still a lot of capacity available in some areas, not all," Chief

Ole Martin Grimsrud (Photo: Aker Solutions)

Grimsrud Named CFO of Aker Solutions

Ole Martin Grimsrud has been appointed Chief Financial Officer of Aker Solutions, effective August 1, 2019. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker on the same day.Grimsrud joined Aker Solutions in 2012 as Vice President, Finance for the subsea business. He has held several senior management positions in the company since, most recently as Senior Vice President, Group Treasury, Controlling and Mergers & Acquisitions. He previously held various positions within finance, strategy and operations in the Norwegian industrial groups Elkem and Norske Skog. Grimsrud will

Thyssenkrupp’s MUM concept. Image from Thyssenkrupp.

Robotics: The Next Gen in Subsea Vehicles

drone concepts, which tend to rely on full recovery of the AUV or remote operated vehicle (ROV) for recharging. uSEA’s system is called uLARS (LARS meaning launch and recovery system) for underwater drones, says uSEA CEO Felipe Lima, who served in the Brazilian Navy before working at Subsea 7, Aker Solutions and Xodus Group.It’s a natural progression. Today’s AUVs are getting more and more capable and reliable, says Lima. “They are taking the space that has been the backyard of ROVs. But, they have a limitation; they rely on batteries, because they’re not cabled like ROVs

(Photo: Chevron)

Wood Wins Jansz-lo Subsea Compression FEED

by its team based in Perth.The Jansz-Io field – part of the Chevron-operated Gorgon Project, one of the world's largest natural gas developments – is located around 200 kilometers offshore the northwest coast of Western Australia at approximately 1,350 meters water depth.In March Aker Solutions, which delivered the world's first subsea compression system for Equinor's Åsgard field offshore Norway in 2015, was awarded a master contract to support the delivery of a subsea compression system, including front-end engineering and design (FEED) of a subsea compression station

(Photo: Rolf Skjong / Wintershall Dea)

Subsea Templates Installed on Nova Field

field. A new module will be lifted onto Gjøa in 2020.Subsea 7’s Seven Arctic vessel sailed the two 300-metric-ton templates 45 kilometers from the base in Florø to the Nova field, before craning the structures 370 meters below the ocean surface. The templates were constructed by Aker Solutions in Egersund on the west coast of Norway.Wintershall Dea said 65 kilometers of pipelines are now ready to be laid in preparation for the tieback.André Hesse, Wintershall Dea Nova Project Director, said, “With the installation of these two templates we have successfully begun

Johan Sverdrup Phase 2 (Image: Equinor)

Johan Sverdrup Phase 2 Plan Approved

2 subsea production system, including five templates and a total of 18 X-mas trees with associated components.Aibel, which is performing engineering, procurement and construction (EPC) of the P2 topside, on Wednesday started construction at its yard in Haugesund, Equinor said.A joint venture between Aker Solutions and Kværner will perform EPC of a utility module for the riser platform, field center modifications, and installation and hook-up activities related to the phase 2 development.Steel cut for Johan Sverdrup performed by Kjell-Børge Freiberg, Minister of Petroleum and Energy, and Aibel

Alla Weinstein, CEO, Castle Wind, a joint venture with EnBW North America.

Offshore Wind: California's New Gold Rush

with land-based connections.RCEA selected an energy team that includes Principle Power Inc. (PPI), founded in 2007 in Emeryville, CA.  PPI has developed the WindFloat, a floating foundation for offshore wind turbines, being readied for operation in Europe in 2021.  RCEA also selected Aker Solutions, the Norwegian company expert in oil and gas platforms.  RCEA’s third partner is EDPR, Portugal’s largest generator, distributor and electric supplier and the fourth largest operator of wind energy based on net installed capacity in the US.BOEM and CA Task Force officials were

(Photo: Aker Solutions)

Aker Solutions Raises 2019 Forecasts

Norway's Aker Solutions ASA raised its 2019 revenue outlook on expected higher spending on the offshore oil services and reported better than expected first-quarter profits, lifting its shares on Tuesday.The upbeat sentiment on oilfield spending is a result of record cashflows accumulated by oil companies on the back of cost-saving measures instigated since the 2014 oil slump and rising crude prices as the market has recovered.Oslo-listed Aker now expects revenue to rise by close to 10 percent in 2019, citing a strong order intake and continued high tendering activity, with its underlying core

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