Tuesday, May 21, 2019

Aker Solutions News

Johan Sverdrup Phase 2 Plan Approved

Johan Sverdrup Phase 2 (Image: Equinor)

Norwegian authorities have formally approved the plan for development and operation (PDO) of the second phase of the Johan Sverdrup field, Equinor announced on Wednesday. The Norwegian energy company said the NOK 41 billion ($4.7 billion) project received broad support in Norway’s parliament at the end of April, and today the partnership received the formal approval…

Aker Solutions Raises 2019 Forecasts

(Photo: Aker Solutions)

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…

Aker Energy Eyes IPO

Photo: Hufton+Crow/Dark Arkitekter

Norwegian oil company Aker said on Thursday that its exploration start-up in Ghana will submit development plans to Ghanaian authorities in March and the parent will then decide whether to sell stakes via an initial public offering or other means.The subsidiary, Aker Energy, plans to develop the deepwater Pecan field off Ghana."Depending on the approval process in Ghana…

Aker Solutions Wins Jotun FEED Contract

Jotun. Photo: Vår Energi AS

The newly formed exploration and production (E&P) company Vår Energi is progressing the redevelopment of the Balder and Ringhorne area offshore Norway and a FEED contract for the Jotun FPSO life extension has now been signed with Aker Solutions.In total, about 20 billion NOK ($2.3 billion) will be invested in the redevelopment of the area, which includes the first NCS license area…

Aker Solutions Bags BP’s Clair South Project

Image provided by Aker Solutions

The  global engineering company based in Oslo Aker Solutions announced that it will provide engineering services for BP’s Clair South project in the UK North Sea.The pre-FEED (Front End Engineering and Design) contract, which was awarded in September, will see Aker Solutions’ teams based in London deliver engineering services to BP over an 11-month period.Efforts will be focused on developing and identifying value-enhancing opportunities…

Clean Ops Offshore: Johan Sverdrup Powered from Shore

The Johan Sverdrup field in the North Sea. (Photo: Equinor ASA)

With a flip of the switch, Kjell-Børge Freiberg, Norway's Minister of Petroleum and Energy, opened a new era in offshore oil and gas operations, initiating the "power-from-shore solution" that will provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years. The development is significant because with electric power supplied from shore, Johan Sverdrup operations can be run without the use of fossil fuels…

Aker Solutions to Supply Subsea Production System for Mero 1

(Image: Aker Solutions)

Aker Solutions said it has secured an order from Petrobras to provide a subsea production system and related services for the Mero 1 project, the first full production project within the major Mero field development, one of the largest oil discoveries in Brazil's pre-salt area.The ultra-deepwater Mero field is located in the northwestern area of the original Libra block, which is about 180 kilometers south of Rio de Janeiro.

Aker Solutions to Provide Brownfield Services for BP in Angola

Aker Solutions has been awarded a five-year agreement to supply brownfield modifications, maintenance and operations support for BP's Greater Plutonio and PSVM fields offshore Angola.The work scope covers the supply of engineering, procurement and construction services for brownfield projects on the floating production, storage and offloading (FPSO) vessels located at each field.

Aker Solutions, Equinor Strengthen Collaboration

Doug Pferdehirt (left), CEO TechnipFMC, Torger Rød, SVP Equinor, Margareth Øvrum, EVP Equinor, Kjetil Hove, SVP Equinor, and Luis Araujo, CEO Aker Solutions. (Photo: Equinor)

Aker Solutions has signed a strategic, global collaboration agreement with Equinor to ensure mutual and continuous improvement on current and future subsea projects within the domains of safety, quality, technology, execution and cost."Aker Solutions and Equinor's ongoing collaboration has consistently generated mutually beneficial technology developments, working process simplifications and standardizations…

Aker Solutions Wins Services Contract in Brazil

Photo: Aker Solutions

Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil.The Campos Basin extends approximately 100,000 square kilometers. The three-year contract is valued at more than BRL 250 million ($60.4 million) and includes an option for a two-year extension.Aker Solutions will be renovating…

California Offshore Wind Project Progresing

Photo: Aker Solutions

Northern California energy authority RCEA and a consortium of private companies, including Aker Solutions and Principle Power, have submitted a lease application to advance the first commercial scale project for floating offshore wind in the United States.The application for the offshore wind energy development off the coast of Humboldt county in Northern California has been submitted to the Bureau of Ocean Energy Management (BOEM).In April this year…

Point Resources Extends Contract with Aker Solutions

Point Resources has executed the remaining part of the option for the maintenance and modifications contract with Aker Solutions.The EPC O&M contract between Point Resources and Aker Solutions was first signed in June 2012, covering the Jotun A, Jotun B, Balder and Ringhorne operating facilities in the North Sea. The contract extension starts at year-end and runs until June 2022.Knut Sandvik…

Aker Solutions CEO Expects Brazil Revenue to Double Within 5 yrs

Photo: Aker Solutions

The chief executive of Norwegian oil services firm Aker Solutions said on Tuesday he sees big growth potential from its Brazilian business and from scaling up its exposure to floating offshore windfarms."I expect Brazil in five years to be at least twice where it is today for us ...

Aker Solutions to Supply Umbilicals for Liuhua FPSO

(Photo: Aker Solutions)

Aker Solutions said it has been contracted to deliver power umbilical systems to China National Offshore Oil Corporation's (CNOOC) Liuhua oil fields in the South China Sea, off Hong Kong.The order, which is said to be worth more than NOK 350 million ($36.6 million), was booked in the third quarter of 2018. The work scope includes more than 35 kilometers of dynamic and static power umbilicals for the Liuhua 16-2…

Aker Solutions Bags Work On Johan Sverdrup Offshore Norway

Photo: Equinor

Aker Solutions has, in collaboration with Kvaerner, secured additional hook-up and commissioning work for Equinor's Johan Sverdrup field offshore Norway.Equinor has exercised an option in the Johan Sverdrup Riser platform hook-up contract  awarded in January 2017 for Aker Solutions to perform hook-up and commissioning assistance of the field's utility and living quarter platform…

New Strike Ballot for Mariner Oil Platform Workers after Aker Offer

Photo: Equinor

Unite the Union will ballot its members among offshore oil workers on Equinor's British North Sea Mariner platform again after Aker Solutions offered a new pay deal, Unite the Union said on Monday.A previous vote had been in favor of a strike which would involve about 200 workers and would likely take place between August and October. The Mariner field is due to start…

Equinor's UK Mariner Oil Platform Faces Further Strike Action

Photo: Equinor

Equinor's Mariner oil platform in the UK North Sea is facing further strike action after GMB union said on Monday its members had voted to stop work in a dispute over pay, probably in the autumn, days after another union also threatened a strike.GMB said its dispute is with Aker Solutions, an oil services company operating on the platform.

Total's North Sea Oil Platforms Hit by 24-hour Strike

Around 40 rig workers started a 24-hour strike on Monday on the Alwyn, Elgin and Dunbar platforms in the British North Sea, curbing gas flows to shore, but stored crude was expected to mitigate any oil supply disruption.The platforms halted production at 0500 GMT, said Unite, Britain's largest labour union. Unite and Total, which operates the platforms, earlier failed to agree on work shifts and pay…

Aker Solutions Workers at Equinor's Mariner Platform Vote to Strike

Photo: Aker Solutions

Unite the Union members working for Aker Solutions on Equinor's Mariner oil platform voted for strike action relating to pay, Britain's largest workers union said in a statement on Friday.The strike would involve about 200 workers and would likely take place between early August and early October.The Mariner field is located near Britain's Shetland Islands and is a major project that was due to start production in the second half of this year.Reporting By

Aker Solutions Teams Up with SAP on Digitalization

Aker Solutions said it will move its internal SAP applications to SAP's cloud in a move that aims to improve operations, drive efficiency and accelerate digitalization.Cloud-based systems are typically cheaper to run than physical systems as they require less expenditure on computer hardware, monitoring and software licenses. The move will save Aker Solutions about 20 percent on software licensing costs alone…