Aker Solutions acquires Norwegian hydropower company, Rainpower

OSLO, NORWAY: Aker Solutions has agreed to acquire Rainpower Holding AS, a leading technology provider to the hydropower industry. The transaction is expected to be completed during the second quarter of 2022. The purchase price is about NOK 100 million, with an additional discretionary element which may bring the purchase price to NOK 150 million.…

Aker Solutions to acquire electrical power systems consultant Unitech

OSLO, NORWAY: Aker Solutions has agreed to acquire Unitech Power Systems, a leading electrical power systems consultant. The all-cash transaction is expected to be completed during the first quarter of 2022, at an undisclosed value. The acquisition is an important step towards Aker Solutions creating an engineering consultancy business driving the energy transition. Kjetel Digre,…

Aker Solutions, DeepOcean and Solstad Offshore create Windstaller Alliance

OSLO, NORWAY: International offshore energy suppliers Aker Solutions, DeepOcean and Solstad Offshore have joined forces to create Windstaller Alliance. The new partnership aims to provide the world’s most cost-efficient and complete product supply, fabrication and marine services offering within offshore wind. The alliance will also pursue other offshore renewables segments. Windstaller Alliance will combine the…

Aker Solutions awarded FEED contract for LNG terminal in India

OSLO, NORWAY: Aker Solutions has signed a contract with Crown LNG for front-end engineering and design (FEED) for the Kakinada LNG regassification project offshore India. The order includes an option for engineering, procurement, construction, installation, and commissioning (EPCIC) of the LNG terminal, that will be confirmed upon final investment decision which is expected by the…

Aker Solutions to provide subsea lifecycle services for Petrobras operated oil and gas fields

OSLO, NORWAY: Aker Solutions is awarded a large framework agreement from Petrobras to provide subsea lifecycle services for Petrobras-operated oil and gas fields offshore Brazil. The agreement has a fixed period of three years and includes an option to extend the contract for two additional years. Aker Solutions defines a large contract as being between…

Aker Solutions and Doosan Babcock partner up for sustainable energy projects in UK

OSLO: Aker Solutions and Doosan Babcock have agreed to jointly deliver projects for low-carbon solutions and renewable energy in the UK, a news release said. The partners will particularly focus on pursuing and winning contracts for new hydrogen production plants, and facilities for carbon capture, utilization and storage (CCUS). Opportunities for other projects within the…

Aker Solutions awarded contract for the Brevik Carbon Capture Project

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

Aker Solutions completes merger with Kvaerner

OSLO, NORWAY: Aker Solutions has completed the merger with Kvaerner to become one of the world’s leading suppliers of solutions to reduce climate gas emissions from oil and gas installations, and for delivery of complete renewable energy production facilities. Over the past 50 years, Aker Solutions and Kvaerner delivered many of the major breakthroughs in…

Aker Solutions to provide Subsea Production System for Tommeliten Alpha Development in Norway

OSLO: Aker Solutions won an order from ConocoPhillips to deliver the subsea production system for the Tommeliten Alpha development offshore Norway. The estimated contract value is about NOK 1.2 billion, a news release said. The scope of work covers a complete subsea production system including 10 vertical subsea trees, two manifolds, wellheads, satellite structures, control…