Akastor ASA

Aker Solutions win drilling equipment contract

Fri, Jun 17, 2011 07:58 CET

17 June 2011 - Aker Solutions won a contract from Daewoo Shipbuilding & Marine Equipment to supply a complete drilling equipment package for a new deepwater drill ship. The contract is worth about NOK 540 million. The drill ship will be owned and operated by Tungsten Explorer Company, a subsidiary of Vantage Drilling Company (NYSE Amex: VTG). "We are very pleased to have won another contract to deliver our deepwater drilling equipment and systems, which underlines our strong and fruitful relationships with the yard and the team at Vantage Drilling" says Thor Arne Håverstad, executive

CORRECTION: Minutes from the Annual General Meeting

Fri, May 06, 2011 10:23 CET

This is a correction of the announcement from 09:52 06.05.2011 CEST. Reason for the correction: 6 May 2011 - Attached please find the Norwegian and the English minutes from Aker Solutions ASA`s Annual General Meeting, held on 6 May 2011Both will be published on the company's website www.akersolutions.com as soon as possible. ENDS For further information, please contact: Investor relations:Lasse Torkildsen, SVP investor relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194 Media:Geir Arne Drangeid, EVP Corporate Communications, Aker Solutions. Tel:

Minutes from the Annual General Meeting

Fri, May 06, 2011 09:52 CET

* { font-family: Arial, Verdana, Helvetica; font-size: 13px;} td { padding: 3px; } } 6 May 2011 - Attached please find the Norwegian and the English minutes and updated Articles of Associations from Aker Solutions ASA`s Annual General Meeting, held on 6 May 2011. Both will be published on the company's website www.akersolutions.com as soon as possible. ENDS For further information, please contact: Investor relations:Lasse Torkildsen, SVP investor relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194 Media:Geir Arne Drangeid, EVP

First quarter results 2011

Fri, May 06, 2011 07:58 CET

6 May 2011 - Aker Solutions' operating revenues in the first quarter of 2011 were NOK 12 billion, and earnings before interest, tax, depreciation and amortisation amounted to NOK 1.8 billion, including profit from asset sales and non-recurring items. "The streamlining of our business is nearly complete, and Kvaerner is scheduled to be listed on the Oslo Stock Exchange in July. Solid first quarter earnings and gains from strategic asset divestments have generated a NOK 1 billion net cash position. From this strong position we will continue to develop Aker Solutions as a focused

Haugan CEO of Kvaerner

Mon, May 02, 2011 09:30 CET

2 May 2011 - Jan Arve Haugan has been appointed President and Chief Executive Officer (CEO) of Kvaerner. This new engineering, procurement and construction (EPC) company is being established through a demerger of Aker Solutions. Kvaerner will be separate and listed on the Oslo stock exchange, most likely in July this year. Jan Arve Haugan started his professional career in the Norwegian construction company F. Selmer (now part of Skanska), and in 1991 he joined the Norwegian industrial group Norsk Hydro as chief engineer for the Oseberg field development as a key task. Since then he

Aker Solutions wins construction contract for pipe mill in US

Wed, Apr 27, 2011 15:02 CET

27 April 2011 - Aker Construction, Inc., a subsidiary of Aker Solutions, has been awarded a contract for the installation of the new V & M seamless pipe mill in Youngstown, Ohio, US. The contract for supply of materials and installation of the mechanical, electrical and piping for the project commences immediately. Contract value is undisclosed. "Aker Solutions has exceptional construction experience in the steel industry in North America and we are very pleased with the award of this latest project," said Steve Harker, who heads up Aker Solutions' union construction business in the US .

Proposed Demerger of Aker Solutions; Publication of Information Memorandum

Wed, Apr 06, 2011 07:58 CET

6 April 2011 - In accordance with the strategy previously disclosed, the Board of Directors of Aker Solutions ASA ("Aker Solutions") has resolved to propose to the shareholders of Aker Solutions that Aker Solutions is to be demerged. Through the proposed demerger, Kværner ASA ("Kværner") - a company established for the purposes of the demerger and which will apply for listing of its shares on the Oslo Stock Exchange - will inter alia assume: · Significant parts of the Aker Solutions group's activities within the former ED&S business area, including its activities within the Field

Aker Solutions won Eldfisk EPC contract

Fri, Mar 18, 2011 14:47 CET

18 March 2011 - Aker Solutions has signed an EPC contract with ConocoPhillips to deliver the topside and bridges of the production platform for the Eldfisk 2/7 S, in the North Sea. The contract value is approximately NOK 5,5 billion. The contract award is subject to Norwegian authorities' approval of the plan for development and operation (PDO). The topside consists of one combined living quarter and utility module and a combined process and wellhead module, with a total weight of 15500 tons. In addition, the contract includes the fabrication of two bridges, one bridge support modules

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