Aker Solutions (AKSO)

TekBot · desember 16, 2020, 7:01am

Aker Solutions Wins Hook-Up and Commissioning Assistance Contract for Johan Sverdrup

December 16, 2020 - Aker Solutions has signed a contract to deliver hook-up and
commissioning assistance of the P2 processing platform at Equinor’s Johan
Sverdrup field offshore Norway.
…

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Onshore preparation work starts immediately. Offshore hook-up work will start in
2022 after the platform has been installed offshore and will commence until
production start in the fourth quarter of 2022. The contract has an estimated
value of about NOK 500 million.

The Johan Sverdrup field with a total of five offshore platforms is one of the
world’s largest oil and gas developments in recent years. Aker Solutions has
been involved in all project development stages of Johan Sverdrup Phase 1,
including hook-up and commissioning assistance to prepare production start of
the first phase in 2019.

“The productivity in the hook-up and commissioning work we delivered to Equinor
in Phase 1 was high. We will build on this performance and implement even
further improvements for the new contract for Phase 2, in close cooperation with
Equinor’s team. We are glad that our focus on enhancing performance enables us
to offer competitive execution models for new contracts,” said Linda L. Aase,
executive vice president, electrification, maintenance and modifications at Aker
Solutions.

The new platform for Phase 2 will be the second processing platform at the Johan
Sverdrup field. The scope includes hook-up and commissioning of the systems at
the new topside, as well as assistance in making it ready for production start.
Work also includes connecting the platform to other systems at the previously
installed platforms at the field. The contract will be executed by Aker
Solutions’ team for offshore work based in Stavanger, Norway, together with
specialists from other parts of the company.

The contract will be booked as order intake in the fourth quarter of 2020 in the
Electrification, Maintenance and Modifications segment.

ENDS

Media Contact:
Torbjørn Andersen, mob: +47 928 85 542, email:
torbjorn.andersen@akersolutions.com

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions helps the world meet its energy needs. We engineer the products,
systems and services required to unlock energy. Our goal is to maximize recovery
and efficiency of oil and gas assets, while using our expertise to develop the
sustainable solutions of the future. Aker Solutions employs approximately 15,000
people in more than 20 countries.

Visit akersolutions.com and connect with us on
Facebook (https://www.facebook.com/AkerSolutions/),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions),
Twitter (https://twitter.com/akersolutions) and
YouTube (https://www.youtube.com/akersolutions).

This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

pleximus83 · desember 16, 2020, 10:02am

litt spesiell “Hook up”…?

“Etter at plattformen er satt sammen på grunt vann neste år, vil den taues tilbake til Haugesund for fullføring før installasjon på oljefeltet våren 2022…”

TekBot · desember 17, 2020, 6:01am

Aker Solutions Wins Contracts for Both Onshore Plant and Subsea System for Northern Lights CO2 Storage

December 17, 2020 - Aker Solutions has been awarded a contract by Equinor for
delivering the new CO2 receiving facilities Northern Lights outside Bergen,
Norway. The company has also won a contract from Equinor to deliver the subsea
…

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equipment for injecting captured CO2 into a reservoir for permanent storage. In
total, the new contracts have a value of about NOK 1.3 billion. Work will start
in January 2021 and the deliveries will be completed within the first part of
2024.

Northern Lights is part of the Norwegian government’s Longship project for
establishing full scale CO2 capture, transport and storage facilities in line
with the country’s international climate agreements. Aker Solutions has
previously been engaged as a subcontractor for the carbon capture and storage
(CCS) technology company Aker Carbon Capture in early phase work to plan a CO2
capture facility at Norcem’s cement factory in Brevik, Norway.

The intention for the Longship project is that CO2 captured from the cement
manufacturing process in Brevik can be transported by ship to the new receiving
terminal in Øygarden outside Bergen. At the receiving terminal, CO2 is stored
intermittently before being injected into subsea geological structures via a
subsea pipeline. With the new contract for Equinor, Aker Solutions is involved
in both the carbon capture and the storage part of this value chain.

“We see that our customers, not the least among the oil and gas operators, are
increasingly taking steps to contribute to a significant reduction of climate
gas emissions. Aker Solutions’ strategy is to be the supplier that will enable
both customers and the society to accelerate the transition to sustainable
energy production. This will include solutions for enabling oil and gas
production and other industrial processes such a cement manufacturing to operate
with minimum emissions, for example by use of carbon capture and storage. Our
goal is that low-carbon solutions and renewable business will count for 1/3 of
our revenues in 2025, and 2/3 in 2030. Hence, we are very pleased that Equinor
has awarded us these strategically important contracts,” said Aker Solutions CEO
Kjetel Digre.

The NOK 1.05 billion contract for the onshore facility includes engineering,
procurement and construction (EPC). The engineering will be carried out by Aker
Solutions in Fornebu, Norway. The work at the site in Øygarden will involve
employees from several locations, primarily from Fornebu and Stord. The pre
-fabrication?for the?onshore facilities will be done at?Aker Solutions’ yard?at
Stord?before site installation.?The scope for the onshore facility includes
facilities at the jetty for import of?CO2?from ships, storage tanks for
intermediate storage of CO2 and?process systems for gas conditioning and subsea
injection.

The EPC contract for the subsea equipment is awarded?as a call-off under the
framework agreement signed?with Equinor?in 2017. The value of this contract is
around NOK 250?million. The work will start?in January 2021?with installation
and completion in 2023. The scope includes delivery of one subsea tree, one
wellhead, one flow base, and control systems. The contract also includes options
for equipment for future wells. The work will be executed at several Aker
Solutions facilities both in Norway and globally.

Aker Solutions expects that around 250 employees will be involved in delivering
the onshore and subsea installations. Including ripple effects to subcontractors
and others, the new contracts will create work for approximately 1,000 people.

The contract for the onshore plant will be booked as order intake in the fourth
quarter of 2020 in the Renewables and Field Development segment. It is expected
to be formally signed on January 5, 2021.

The subsea equipment contract will be booked as order intake in the fourth
quarter of 2020 in the Subsea segment.

ENDS

Media Contact:
Torbjørn Andersen, mob: +47 928 85 542, email:
torbjorn.andersen@akersolutions.com

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions helps the world meet its energy needs. We engineer the products,
systems and services required to unlock energy. Our goal is to maximize recovery
and efficiency of oil and gas assets, while using our expertise to develop the
sustainable solutions of the future. Aker Solutions employs approximately 15,000
people in more than 20 countries.

Visit akersolutions.com and connect with us on
Facebook (https://www.facebook.com/AkerSolutions/),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions),
Twitter (https://twitter.com/akersolutions) and
YouTube (https://www.youtube.com/akersolutions).

This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · desember 18, 2020, 6:55am

PRIMARY INSIDER NOTIFICATION

TekBot · desember 18, 2020, 7:01am

DISSOLUTION OF JOINT OWNERSHIP IN AKER KVÆRNER HOLDING AS - PRIMARY INSIDER NOTIFICATION AND JOINT DISCLOSURE OF SHAREHOLDINGS

December 18, 2020 - Reference is made to the stock exchange announcement made by
Aker ASA (“Aker”) on July 17, 2020, and the announcement by the Norwegian state,
represented by the Ministry of Trade, Industry and Fisheries (“NMTIF”), on the
…

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same date, where it amongst others was informed that Aker and NMTIF had agreed
to dissolve the joint ownership in Aker Kværner Holding AS (“AKH”), subject to
parliamentary authorization. On December 17, 2020, the Parliament provided the
Ministry of Trade, Industry and Fisheries with the necessary authorizations to
execute the dissolution of the joint ownership.

The joint ownership in AKH will be dissolved in accordance with the agreed
terms: NMTIF will transfer all its shares in AKH to AKH, resulting in Aker
becoming the sole owner of AKH. In exchange for the shares in AKH, AKH will
transfer to NMTIF a number of its shares in Aker Solutions ASA, Akastor ASA,
Aker Offshore Wind AS and Aker Carbon Capture AS corresponding to NMTIF’s
proportional shareholding in AKH prior to the dissolution of AKH (30%). The
necessary transaction documents will be entered into, and the transactions
executed, as soon as possible.

Prior to or at the latest simultaneously with the execution of the dissolution,
Aker’s shareholdings held directly by Aker in Aker Solutions ASA (23,656,762
shares) and Akastor ASA (23,331,762 shares) will be transferred to AKH, at a
price per share equal to the closing price on Oslo Stock Exchange on the
execution date.

Following the abovementioned transactions, the shareholdings in Aker Offshore
Wind AS and Aker Carbon Capture AS held by Aker and by AKH will be transferred
to Aker Horizons AS, which is 100% controlled by Aker. These share transfers
will be done at share prices equal to the closing price on Euronext Growth on
the relevant execution date.

The abovementioned transactions will result in all shares held by Aker in Aker
Solutions ASA and Akastor ASA being held indirectly via AKH, and all shares held
by Aker in Aker Offshore Wind AS and Aker Carbon Capture AS will be owned by
Aker Horizons AS.

The number of shares transferred and the shareholdings following completion of
the abovementioned transactions, will comprise the following:

· Aker will transfer 23,331,762 shares in Akastor ASA to AKH. AKH will
transfer 33,100,085 shares in Akastor ASA equaling to 12.08% of the total shares
and votes outstanding to NMTIF, which will constitute NMTIF’s total shareholding
in Akastor ASA following the transaction. NMTIF holds no additional rights to
shares or votes. Subsequent to these transactions AKH will own 100,565,292
shares in Akastor equaling to 36.70% of the shares outstanding. AKH holds no
additional rights to shares or votes.
· Aker will transfer 23,656,762 shares in Aker Solutions ASA to AKH. AKH will
transfer 60,185,885 shares in Aker Solutions ASA equaling to 12.23% of the total
shares and votes outstanding to NMTIF, which will constitute NMTIF’s total
shareholding in Aker Solutions ASA following the transaction. NMTIF holds no
additional rights to shares or votes. Subsequent to these transactions AKH will
own 164,090,489 shares in Aker Solutions ASA equaling to 33.34% of the shares
outstanding. AKH holds no additional rights to shares or votes.
· AKH will transfer 33,100,085 shares in Aker Offshore Wind AS equaling to
4.88% of the total shares and votes outstanding to NMTIF, which will constitute
NMTIF’s total shareholding in Aker Offshore Wind AS following the transaction.
NMTIF holds no additional rights to shares or votes. Thereafter, Aker will
transfer 17,331,762 shares and AKH 77,233,530 shares to Aker Horizons AS
resulting in Aker Horizons AS becoming the owner of 346,262,406 shares in Aker
Offshore Wind AS equaling to 51.02% of the shares outstanding. Aker Horizons AS
holds no additional rights to shares or votes.
· AKH will transfer 33,100,085 shares in Aker Carbon Capture AS equaling to
5.85% of the total shares and votes outstanding to NMTIF, which will constitute
NMTIF’s total shareholding in Aker Carbon Capture AS following the transaction.
NMTIF holds no additional rights to shares or votes. Thereafter, Aker will
transfer 17,331,762 shares and AKH 77,233,530 shares to Aker Horizons AS
resulting in Aker Horizons AS becoming the owner of 288,682,939 shares in Aker
Carbon Capture AS equaling to 51.00% of the shares outstanding. Aker Horizons AS
holds no additional rights to shares or votes.

This information is subject of the disclosure requirements pursuant to section 4
-2, section 4-3 of the Norwegian Securities Trading Act.

Kilde

ulvers · desember 18, 2020, 7:46am

Litt merkelig melding ja. Jacket ferdigstilles i Verdal, slepes ut og monteres på plass. Plattform bygges i Thailand (Aibel), den skal innom Haugesund før den skal ut på feltet. Den skal ikkje på feltet først, for så å “taues tilbake”

TekBot · desember 21, 2020, 6:31am

Aker Solutions Wins Bid for Ormen Lange Onshore Scope

December 21, 2020 - Aker Solutions has been awarded a letter of intent from
Norske Shell for the Ormen Lange Phase 3 (OLP3) onshore project. The scope is to
integrate the wet gas subsea compression system with the Nyhamna onshore gas
…

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plant in Norway. Subsea compression will enable increased recovery from the
Shell-operated Ormen Lange field. Aker Solutions’ scope includes a 500-metric
-ton module which will be fabricated at the company’s yard in Egersund, Norway.
The contract will have a value of approximately NOK 600 million.

The delivery will include both engineering, procurement, construction and
installation (EPCI). The awarded contract is a continuation of the front-end
engineering and design (FEED) delivered by Aker Solutions. The contract is
called off under an established long-term frame agreement for Nyhamna brownfield
modifications. Aker Solutions has been present at Nyhamna since start of the
development in 2004 and the award is a testimony to the relationship between
Aker Solutions and Norske Shell.

The Nyhamna plant outside Molde in Mid-Norway receives gas via underwater
pipelines from several offshore gas fields, including Ormen Lange. Nyhamna is
operated by Gassco, with Shell as the technical service provider.

“Aker Solutions has a global business with supporting customers in maintenance
and modifications of offshore installations and onshore industrial facilities.
For the new scope, we will combine our expertise on what is best practice for
safe and cost-effective project execution with our extensive knowledge of the
plant at Nyhamna,” said Linda Litlekalsøy Aase, executive vice president,
electrification, maintenance and modifications at Aker Solutions.

Pre-execution work will start during first half of 2021. Pending final
investment decision for the OLP3 project and confirmation from Norske Shell
later in 2021, the work will progress into the execution phase. The engineering,
procurement and project management will mostly be executed from Aker Solutions’
offices in Stavanger and Kristiansund, Norway. The module will be delivered from
the company’s Egersund yard. The contract also involves civil construction and
construction of new facilities at the site, which will be managed by a dedicated
site team from Aker Solutions with support from partners. The work is expected
to be completed in 2024.

The contract will be booked as order intake in the fourth quarter of 2020 in the
Electrification, Maintenance and Modifications segment.

ENDS

Media Contact:
Torbjørn Andersen, mob: +47 928 85 542, email:
torbjorn.andersen@akersolutions.com

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions helps the world meet its energy needs. We engineer the products,
systems and services required to unlock energy. Our goal is to maximize recovery
and efficiency of oil and gas assets, while using our expertise to develop the
sustainable solutions of the future. Aker Solutions employs approximately 15,000
people in more than 20 countries.

Visit akersolutions.com and connect with us on
Facebook (https://www.facebook.com/AkerSolutions/),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions),
Twitter (https://twitter.com/akersolutions) and
YouTube (https://www.youtube.com/akersolutions).

This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · desember 22, 2020, 6:01am

Aker Solutions Awarded Contract for the Brevik Carbon Capture Project

December 22, 2020 - Aker Solutions has secured a contract from Aker Carbon
Capture for engineering, procurement and management assistance to realize the
CO2 capture plant at Norcem’s cement factory in Brevik, Norway. The project will
…

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start in January 2021 and work will be completed in 2024. The contract has a
value of about NOK 500 million.

The plant will become the world’s first large-scale capture plant at a cement
producer, capturing some 400,000 metric tons of CO2 annually.

Aker Carbon Capture is the main contractor for engineering, procurement and
construction (EPC) and will apply its proprietary and patented technology for
carbon capture. The company is responsible for the delivery to Norcem
HeidelbergCement of a complete new facility for capture, intermittent storage
and offloading of CO2, with integrated waste-heat recovery. Aker Solutions’
scope includes engineering, procurement and management assistance (EPMa) for the
new installation.

“This is a key step for Aker Solutions’ strategy to be the supplier that enables
customers and societies to accelerate the transition to more sustainable
industry activities. Through close collaboration we will complement Aker Carbon
Capture in their role as main contractor and specialists on CCS technology. For
the Norcem facility in Brevik, we will contribute with our strong expertise in
engineering and project management,” said Kjetel Digre, chief executive officer
of Aker Solutions.

Aker Solutions expects around 100 employees will be involved in delivering these
services. The project includes deliveries from the company’s offices in Fornebu
and Mumbai, with most of the work being performed in Norway.

“We are pleased to have Aker Solutions supporting Aker Carbon Capture in this
ground-breaking project, reflecting the partnership set-up and mindset between
the companies,” said Valborg Lundegaard, chief executive officer of Aker Carbon
Capture.

The development in Brevik is part of the Norwegian government’s Longship
demonstration project to realise the full value chain for carbon capture and
storage. Longship also includes the development of new installations for
permanent storage in the seabed off the west coast of Norway. On December 17,
2020, Aker Solutions announced contracts of about NOK 1.3
billion (https://www.akersolutions.com/news/news-archive/2020/aker-solutions
-wins-contracts-for-both-onshore-plant-and-subsea-system-for-northern-lights-co2
-storage/) for delivering the CO2 receiving facilities Northern Lights, as well
as subsea equipment for injecting captured CO2 into a reservoir for permanent
storage. The CO2 captured in Brevik will be transported to the Northern Lights
project for permanent storage.

Realizing Northern Lights means that multiple companies across northern Europe
now have a real opportunity to remove their CO2 emissions and transform their
industries into sustainable businesses.

The contract will be booked as order intake in the fourth quarter of 2020 in the
Renewables and Field Development segment.

ENDS

Media Contact:
Torbjørn Andersen, mob: +47 928 85 542, email:
torbjorn.andersen@akersolutions.com

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions helps the world meet its energy needs. We engineer the products,
systems and services required to unlock energy. Our goal is to maximize recovery
and efficiency of oil and gas assets, while using our expertise to develop the
sustainable solutions of the future. Aker Solutions employs approximately 15,000
people in more than 20 countries.

Visit akersolutions.com and connect with us on
Facebook (https://www.facebook.com/AkerSolutions/),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions),
Twitter (https://twitter.com/akersolutions) and
YouTube (https://www.youtube.com/akersolutions).

This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

Martins · desember 22, 2020, 7:20am

Som sagt Akso får arbeidet, de andre selskapene eier avtalene.

Janno · desember 22, 2020, 8:51am

og de andre leier inn folk til R&D som tidligere ble gjort på Akso sin regning, spent på marginene til Akso framover

i 2019, The total 2019 R&D expenditure was NOK 309 million.

E24Bot · desember 30, 2020, 1:58pm

Reuters: Aker Solutions saksøkt av tidligere ansatt i Malaysia

TekBot · januar 7, 2021, 11:17am

Financial calendar

TekBot · januar 21, 2021, 12:03pm

Renteregulering

TekBot · februar 1, 2021, 5:30pm

Aker Solutions ASA: Invitation to Presentation of Fourth-Quarter Results for 2020

February 1, 2021 - Aker Solutions will publish its fourth-quarter results for
2020 on Monday, February 15, at 07:00 CET. A live webcast and teleconference
will take place the same day at 09:00 CET.
…

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Due to the COVID-19 situation, the results will be presented online only.

In addition to the financial results, the presentation will include comments on
market and strategy.

To join the live webcast, go to https://www.akersolutions.com/webcast

The dial-in details for the teleconference are available here:
https://akersolutions.com/dial-in

The conference call is mainly targeted to investors, analysts and media. There
will be a Q&A session at the end of the presentation. A line mediator will
provide information on how to ask questions. Please dial in 5-10 minutes prior
to the presentation.

The fourth-quarter 2020 presentation material will be available on
https://www.akersolutions.com and https://newsweb.oslobors.no

ENDS

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions helps the world meet its energy needs. We engineer the products,
systems and services required to unlock energy. Our goal is to maximize recovery
and efficiency of oil and gas assets, while using our expertise to develop the
sustainable solutions of the future. Aker Solutions employs approximately 15,000
people in more than 20 countries.

Visit akersolutions.com and connect with us on
Facebook (https://www.facebook.com/AkerSolutions/),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions),
Twitter (https://twitter.com/akersolutions) and
YouTube (https://www.youtube.com/akersolutions).

This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · februar 2, 2021, 9:00pm

Aker Solutions ASA: Fourth-Quarter 2020 Trading Update and Preliminary Annual Results 2020

February 2, 2021 - During 2020, Aker Solutions made significant structural and
strategic changes to transform the company and enhance shareholder value. This
included spinning off Aker Carbon Capture and Aker Offshore Wind to
…

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shareholders. The merger between Aker Solutions and Kvaerner has created a
stronger and more optimized supplier company and was successfully completed
during the fourth quarter.

With the unprecedented challenges of the COVID-19 pandemic and oil price
volatility during 2020, Aker Solutions’ decisive actions focused on the health
and safety of employees, delivering for clients, reducing cost and protecting
the company’s balance sheet.

For the fourth quarter, Aker Solutions expects EBITDA excluding special items at
around NOK 120 million, net negatively impacted by about NOK 350 million from
non-recurring project adjustments related to a few projects, of which about NOK
120 million are non-cash. These projects, which were partly impacted by the
restrictions imposed to manage the COVID-19 pandemic, are now in the
finalization phase. Special items for the quarter are expected at around NOK 40
million, mainly related to restructuring charges from realization of merger
synergies.

Fourth quarter EBIT excluding special items is expected to be around minus NOK
180 million, as the company expects to book around NOK 390 million of right-of
-use asset impairments from synergies partly related to footprint optimization
following the merger of the two companies. Net tax asset impairments in the
quarter is expected at about NOK 90 million.

Preliminary financial results for the fourth quarter 2020:

· Revenues around NOK 6.9 billion
· EBITDA around NOK 80 million
· EBITDA ex. special items around NOK 120 million
· EBIT around minus NOK 680 million
· EBIT ex. special items around minus NOK 180 million
· Net cash position at year-end around NOK 450 million
· Working capital at year-end around minus NOK 280 million

Preliminary financial results for the year ended 31 December 2020:

· Revenues around NOK 29.4 billion
· Revenues ex. special items NOK 28.6 billion
· EBITDA around NOK 1.5 billion
· EBITDA ex. special items around NOK 1.2 billion
· EBIT around minus NOK 780 million
· EBIT ex. special items around minus NOK 50 million
· Capex around NOK 0.6 billion

Against the challenging backdrop of COVID-19, the company delivered about 30%
growth in order intake versus the prior year, with high activity level in core
oil & gas markets, following the temporary tax incentives in Norway in
particular. Order intake for the year is expected around NOK 34 billion, of
which around NOK 6.8 billion in the fourth quarter.

The business case and strategic ambitions for the merger remains unchanged. Aker
Solutions has fully implemented the NOK 1.5 billion overhead cost saving target.
Initiatives include simplified organizational structure, optimized footprint and
improved project execution and management model.

Looking ahead, Aker Solutions is currently involved in a high level of FEED- and
tendering activity and is engaged in about NOK 76 billion of tenders for new
work, where around one third relates to renewables and low-carbon projects.
This, combined with leading capabilities within energy transition, should turn
into a number of interesting opportunities where Aker Solutions is well
positioned.

Aker Solutions will publish its fourth-quarter results for
2020 (https://www.akersolutions.com/investors/presentations-and-events/fourth
-quarter-results-2020/) on Monday, February 15, at 07:00 CET, with a live
webcast and teleconference will take place the same day at 09:00 CET. In
addition to the financial results, the presentation will include comments on
market and strategy.

Disclaimer: Aker Solutions reports according to the IFRS and all figures
mentioned above are preliminary, unaudited and subject to change.

ENDS

Media Contact:
Torbjørn Andersen, mob: +47 928 85 542, email:
torbjorn.andersen@akersolutions.com

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions helps the world meet its energy needs. We engineer the products,
systems and services required to unlock energy. Our goal is to maximize recovery
and efficiency of oil and gas assets, while using our expertise to develop the
sustainable solutions of the future. Aker Solutions employs approximately 15,000
people in more than 20 countries.

Visit akersolutions.com and connect with us on
Facebook (https://www.facebook.com/AkerSolutions/),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions),
Twitter (https://twitter.com/akersolutions) and
YouTube (https://www.youtube.com/akersolutions).

This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · februar 9, 2021, 8:42am

Aker Solutions and Siemens Energy Selected As Preferred Bidder for One of the World’s Largest Offshore Wind Farms

February 9, 2021 - Aker Solutions, in a consortium with Siemens Energy, was
selected by Vattenfall as preferred bidder for the Norfolk offshore wind
project located in the North Sea off the coast of Norfolk. If Vattenfall
…

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proceeds with this development, the intention is to conclude an EPCI contract
where the consortium will deliver HVDC converter platforms for the grid
connection infrastructure.

The Norfolk wind zone consists of the Norfolk Vanguard and Norfolk Boreas
offshore wind farms. The planned 3.6 GW total installed capacity will make this
one of the largest offshore zones in the world at the time of completion.

“We’re extremely confident both in our choice of Siemens Energy - Aker Solutions
as preferred bidder and in our decision to use innovative HVDC technology.
Siemens Energy - Aker Solutions excelled during the feasibility and concept
stage, bringing strong technical capabilities to the process,” said Catrin Jung,
head of business development offshore at Vattenfall.

“Vattenfall’s Norfolk developments will use cutting-edge technology. These types
of projects are always a partnership, and we’re very happy that Siemens Energy -
Aker Solutions’ expertise will oversee the HVDC converter infrastructure. In
addition, this appointment will give the local supply chain the opportunity to
engage with Siemens Energy - Aker Solutions to explore the huge opportunities on
offer at what will be the largest offshore zone in the world,” said Rob
Anderson, Vattenfall Project Director for Norfolk Vanguard and Norfolk Boreas.

“We are proud that Vattenfall, as a leading renewable energy company, selects
our consortium as the preferred bidder for one of the world’s largest offshore
wind farms. This enables us to take further steps for developing delivery models
and technology for sustainable energy production,” said Kjetel Digre, chief
executive officer of Aker Solutions.

ENDS

Media Contact:
Torbjørn Andersen, mob: +47 928 85 542, email:
torbjorn.andersen@akersolutions.com

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employ approximately 14,000 people
in more than 20 countries.

Visit akersolutions.com and connect with us on
Facebook (Aker Solutions - Startpagina | Facebook),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions),
Twitter (https://twitter.com/akersolutions) and
YouTube (https://www.youtube.com/akersolutions).

This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

Morti · februar 11, 2021, 5:21pm

12 kumlokk til værs

Stemmer det at kumlokk skal ha blitt blåst 60 meter til værs?

– Vi har ikke eksakt tall på det, men det ene bildet fra Stordhallen viser skader et stykke opp på bygningen, og den er 50 meter høy. Så er det altså skade på taket av malerhallen, sier Naustdal.

TekBot · februar 15, 2021, 6:01am

Aker Solutions ASA: Fourth-Quarter Results 2020

February 15, 2021 - Sound orderbook, strong market outlook, growth in energy
transition. Aker Solutions and Kvaerner successfully completed the merger in the
fourth quarter 2020. Fourth-quarter revenue ended at NOK 6.8 billion and the
…

Vis børsmeldingen

EBITDA at NOK 121 million, in line with previous communication. Despite the
challenging backdrop of the COVID-19 pandemic, the order backlog grew 15 percent
compared to in 2019 and ended at NOK 38 billion. The outlook for project
sanctioning has improved for 2021 and 2022.

4Q 2020 Financial Highlights

· Revenues NOK 6.8 billion ex. special items
· EBITDA NOK 121 million ex. special items
· EBITDA margin 1.8% ex. special items
· Order intake NOK 6.8 billion
· Order backlog end 2020 NOK 38.0 billion

2020 Full Year Financial Highlights

· Revenues NOK 28.5 billion ex. special items
· EBITDA NOK 1.2 billion ex. special items
· EBITDA margin 4.3 % ex. special items
· Order intake NOK 34.2 billion
· Order backlog end 2020 NOK 38.0 billion

2020 was a challenging year operationally, due to the COVID-19 pandemic and
market volatility. The company’s decisive actions during 2020 focused on the
health and safety of employees, delivering for clients, reducing costs and
protecting the balance sheet.

During the year, Aker Solutions also made significant structural and strategic
changes to transform the company and enhance shareholder value. This included
spinning off Aker Carbon Capture and Aker Offshore Wind to shareholders,
unlocking significant value, and merging Aker Solutions and Kvaerner to create a
leading execution partner for both existing and emerging energy industries. The
merger was successfully completed during the fourth quarter.

Over the last years, the previous Aker Solutions and Kvaerner organizations have
established strong offerings adapted to the transformation in the energy
markets, and the merger was another leap forward for this strategic
development.

“We have created a stronger and more optimized supplier company with a focused
strategy, and with expertise and capabilities well fit for the opportunities we
see ahead. Aker Solutions is the execution partner that will enable customers
and society to accelerate the transition to sustainable energy production. We
see significant opportunities from the increasing pace of energy transition and
will continue to optimize our operating model to unlock further growth,” said
Kjetel Digre, chief executive officer of Aker Solutions.

The merger has strengthened the size and resilience of the company with a
simplified and leaner organization structure. The targeted 30 percent overhead
cost savings were fully implemented during the fourth quarter, further improving
competitiveness.

Dividend Policy
The board of directors has decided on a dividend policy based on an annual
evaluation of a dividend distribution. The board deems it prudent to build
financial robustness to support Aker Solutions’ objectives for strategic
development and delivering shareholder value. The focus will be on continued
safe operations and cost improvements, predictable project execution, strong
capital discipline, healthy margins and increased cash generation. With the
continued uncertainty related to the pandemic and prioritizing financial
robustness, the board has proposed no dividend payment for 2020.

Order Intake
The order intake in 2020 grew 31 percent compared to 2019 despite market
volatility and the challenging COVID-19 pandemic. The share of renewable energy
and low-carbon projects also increased compared to the previous year. Orders in
the quarter were NOK 6.8 billion, bringing the backlog to a healthy NOK 38.0
billion. 25 percent of the awards were related to projects for energy
transition, including landmark contracts for carbon capture and storage
facilities.

Operations
Aker Solutions made good progress on several ongoing projects in the quarter.
For Equinor’s Hywind Tampen project, the company started fabrication at its yard
in Stord, Norway. The Mærsk Inspirer jack-up rig was towed offshore for
installation and commissioning following modifications work at the Egersund
yard. In China, Aker Solutions delivered all manifolds and subsea trees for
CNOOC’s Lingshui development. These are currently being installed in the South
China Sea. The company also completed the main deliveries of the subsea
production systems for Equinor’s Troll phase 3 and Wintershall DEA’s Dvalin
developments.

Outlook
Outlook for project sanctioning has increased both in traditional oil and gas,
as well as related to energy transition. The Norwegian government’s temporary
tax relief package is expected to trigger sanctioning of more than 30 new
projects. Some of these have already been sanctioned, and several ongoing
studies are expected to lead to front-end engineering and design (FEED) work in
the second half of 2021.

Oil and gas is essential to meet energy demand and is expected to be a
significant share of the energy mix for decades. However, it needs to be
produced more efficiently and sustainably. In a 30-year perspective, it is
expected that renewable energy will account for 50 percent of all electricity
production. Offshore wind power will be one of the important contributors to
this transition.

“Many of our oil and gas customers now plan projects with solutions that will
enable low carbon emissions from the production. Our expertise on delivering
projects for electrification, carbon capture or subsea processing gives us a
competitive position for this market trend. Industrialized concepts, effective
project execution and close collaboration between suppliers and customers will
be key to ensure that upcoming developments are sustainable also financially,”
said Digre.

Looking ahead, while some near-term uncertainty remains related to the COVID-19
pandemic, Aker Solutions sees increased market activity. The outlook for project
sanctioning has improved and the company is currently engaged in tenders for
about NOK 76 billion. One third of this relates to energy transition within
areas such as offshore wind, electrification, carbon capture, subsea gas
compression and hydrogen.

At this early stage, based on the current backlog and ongoing FEED and tendering
activity, Aker Solutions sees its overall 2021 revenue somewhat lower than last
year’s level. The underlying EBITDA margin for the year overall at this early
stage is seen at around the 5.5% to 6.0% level. This will result in an EBIT
level slightly above break-even and a negative EBT. This is not at a
satisfactory level and the main priority for the company going forward is to
improve margins and cash generation to build financial robustness and improve
value creation.

ENDS

Media Contact:
Torbjørn Andersen, mob: +47 928 85 542, email:
torbjorn.andersen@akersolutions.com

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employs approximately 14,000
people in more than 20 countries.

Visit akersolutions.com and connect with us on
Facebook (Aker Solutions - Startpagina | Facebook),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions),
Twitter (https://twitter.com/akersolutions) and
YouTube (https://www.youtube.com/akersolutions).

This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

Martins · februar 15, 2021, 12:39pm

Inne igjen i Akso og alt går etter planen Q4 ble en overraskelse for markedet og endelig fulgte jeg egen strategi og satt klar med frie midler.
Klar for et fint år med oljepris som gjør nye investeringer lønnsomme med god margin og samtidig sterkt økene aktivitet i fornybar-sektoren som Akso går mer og mer inn i. Her tror jeg ledelsen er litt for negative i forventningene til 2021 og tror året blir bra for Akso med utbytte på nyåret neste år. Men kursen kommer ikke til å skyte opp i dag. Mye av oppgangen kommer nok til høsten/mot slutten av året om det ikke kommer store endringer i caset før den tid.

Richardames · februar 15, 2021, 1:37pm

Hvordan ser denne ut teknisk på disse nivåene?