Italy’s Saipem and Norway’s Subsea7 Merger to Create Energy Services Giant
9,000 engineers and project managers.Subsea7 shareholders will receive 6.688 Saipem shares for each Subsea7 share held. Subsea7 will distribute an extraordinary dividend for an amount equal to $470 million immediately prior to completion.The combined company will be listed on both the Milan and Oslo stock exchange.Siem Industries, a shareholder of Subsea7, as well as Eni and Cassa Depositi e Prestiti (CDP Equity), which are the shareholders of Saipem, have expressed their strong support and intend to vote in favor of the transaction.As part of the agreement, the combined company’s Chairman will
Wilhelmsen Acquires Stake in Reach Subsea
to find a company that could add complementary scale to our ambition within renewables. We see potential to grow within emerging sectors such as offshore wind, subsea cables and other offshore electrification infrastructure, carbon storage and deep-sea mining.”Reach Subsea, listed on the Oslo Stock Exchange, offers subsea services as a subcontractor to energy clients, with its head office in Haugesund, Norway. Its core business is based on remotely operated vehicles (ROV) and autonomous underwater vehicles (AUV). Reach has expanded into survey and data processing capabilities through the recently
Scana's Seasystems to Provide Mooring Solution for World's First Floating Tidal Energy Array
will further catapult our business into the marine energy market,” says Seasystems Managing Director, Torkjell Lislandsays.“We are pleased with our alliance with Seasystems, which has strong reputation for innovation in the maritime market, forming part of Scana ASA listed on the Oslo Stock Exchange. The integrated tensioning system significantly eases the installation process for any floating platform and provides increased flexibility in the mooring system design,” says Swift Anchors Managing Director, David Ainsworth
Polarcus Issues Share Options to CEO
General Meeting on May 12, 2016. Following the award, Eley holds 2,658,500 Options under the 2016 share option plan and 50,000 shares. The awarded share options have an exercise price of NOK 0.24, being the volume weighted average price for which the Polarcus shares have been traded at Oslo Stock Exchange in the prior 30-day trading period. The options are exercisable in three equal tranches (two years, three years and four years after grant), and expire seven years after grant. The exercise of the options is conditional upon the 30 days' volume weighted average price of the share exceeding
Aker Solutions Scoops up Own Shares
Aker Solutions ASA informs it has today purchased 130,000 of its own shares at an average price of NOK 29.8100 per share. The shares were acquired on the Oslo stock exchange as part of the company's share purchase program for employees. This gives Aker Solutions a new holding of 1,007,311 own shares.
Statoil Nominates Agerup on Board
director for a Joint Venture in Australia where Hydro cooperated with the Australian listed company UMC. Though her work in Hydro, Agerup has developed a significant business and strategic competence. Agerup is currently a board member in Oslo Børs Holding VPS ASA/Oslo Børs ASA (the Oslo Stock Exchange) and the seismic company TGS, and has competence and experience within corporate governance. Wenche Agerup is a Norwegian citizen. The election to Statoil's board of directors takes place in the company's corporate assembly meeting, Thursday 20 August 2015. It is proposed that the election
Aker Solutions Starts Trading After Company Split
Aker Solutions today started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets. The company emerges after a spin-off of the Subsea, Umbilicals, Engineering and Maintenance, Modifications and Operations (MMO) businesses of the former Aker Solutions, which has been split into two separate entities to reduce complexity, realize synergies and bring down costs. The other company formed in the separation is Akastor, an oilfield services investment business that will develop the former group's other
Name-Juggling No Handicap as Akastor Nets CSV Contract
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 contract extension from Petrobras on the same day. AKOFS
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. As a
February 2025
