Tag Archive

Aker Solutions Secures Subsea Services Agreement With Statoil

Aker Solutions Secures Subsea Services Agreement With Statoil

December 14, 2017 No Comments

Aker Solutions secured a framework agreement to provide subsea services for Statoil-operated oil and gas fields offshore Norway. The contract has a fixed period of five years, starting in the first quarter of 2018, and contains five four-year extension options. Its value depends on the amount of work ordered by Statoil under the agreement. This […]

Aker Solutions Wins Modifications Contract From Maersk Drilling

Aker Solutions Wins Modifications Contract From Maersk Drilling

December 13, 2017 No Comments

Aker Solutions won an order from Maersk Drilling to modify the production module on the Mærsk Inspirer jack-up rig for the Repsol-operated Yme oilfield offshore Norway. The order is valued at about NOK 1 billion and will be booked in the fourth quarter. The work scope covers engineering, procurement, construction, installation and commissioning services. The […]

Aker Solutions to Provide Subsea Production System for Aker BP’s Ærfugl

Aker Solutions to Provide Subsea Production System for Aker BP’s Ærfugl

December 12, 2017 No Comments

Aker Solutions was awarded a contract from Aker BP to deliver the subsea production system for the first phase of the Ærfugl development offshore Norway. The award was made on behalf of the Skarv Unit and is subject to government approval of the plan for development and operation (PDO) of Ærfugl. The subsea system will […]

Songa Offshore SE : November fleet update

Songa Offshore SE : November fleet update

December 5, 2017 No Comments

Songa Equinox achieved an operating efficiency of 100% and an earnings efficiency of 96% for the month, working for Statoil in Norway. Songa Endurance achieved an operating efficiency of 100% and an earnings efficiency of 99% for the month, working for Statoil in Norway. Songa Encourage achieved an operating efficiency of 100% and an earnings […]

Development, Production and Awarding Johan Castberg contracts

Development, Production and Awarding Johan Castberg contracts

December 5, 2017 No Comments

Statoil submited the PDO (plan for development and operation) for the Johan Castberg project on behalf of the partnership with Eni and Petoro. Several major contracts will also be awarded to Norwegian industry. “This is a great day! We have finally succeeded in realising the Johan Castberg development. The project is central part of the […]

Transocean Wins Dvalin drilling contract

Transocean Wins Dvalin drilling contract

November 22, 2017 No Comments

Transocean Norway Operations AS with the drilling rig Transocean Artic is awarded the contract to drill production wells at the Dvalin field in the Norwegian Sea. Drilling of the four production wells will start mid-2019 and the operation is planned to last 340 days. The contract value is 68 million US Dollars. The agreement also […]

Aker to Provide Umbilicals for Three Offshore Norway Field Developments

Aker to Provide Umbilicals for Three Offshore Norway Field Developments

November 17, 2017 No Comments

Aker Solutions won a contract to provide umbilicals for the Statoil-operated Johan Sverdrup, Utgard and Bauge developments offshore Norway. The order entails delivery of more than 40 kilometers in total of subsea umbilicals. It will be booked in the fourth quarter. “By combining the delivery for three separate projects into one order, we are able […]

Songa Offshore SE : October fleet update

Songa Offshore SE : October fleet update

November 8, 2017 No Comments

Songa Equinox achieved an operating efficiency of 67% and an earnings efficiency of 65% for the month, working for Statoil in Norway. The rig recorded 10 days off day rate related to planned repair and maintenance and activities related to the Continuous Class Program. Songa Endurance achieved an operating efficiency of 65% and an earnings […]

Statoil ASA Release 2017 third quarter & first nine months results

Statoil ASA Release 2017 third quarter & first nine months results

October 26, 2017 No Comments

Statoil (OSE:STL, NYSE:STO) reports adjusted earnings of USD 2.3 billion and USD 0.8 billion after tax in the third quarter of 2017. IFRS net operating income was USD 1.1 billion and the IFRS net income was negative USD 0.5 billion. The third quarter was characterised by: • Solid earnings and underlying cash flow. Stable net […]

Aker Solutions Announce Third-Quarter Results 2017

Aker Solutions Announce Third-Quarter Results 2017

October 20, 2017 No Comments

Aker Solutions delivered strong execution on major projects globally in the third quarter of 2017 and made good progress on improvement efforts that supported margins. The company has completed 90 percent of a program aimed at increasing cost-efficiency across the business by at least 30 percent by the end of this year. It is now […]

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