Knowledge

Aker Solutions

Source 📝

382: 298: 620: 561: 373: 1342: 785: 77: 1390: 196: 138: 36: 775:
ASA, a Norway-based offshore products, technology and services provider, bought 26% of the shares in Kværner ASA. In November 2001, Aker Maritime ASA and Kværner ASA reached an agreement, whereby Aker Maritime injected NOK 2.8 bn in net assets, raised another NOK 3.5 bn through two direct issues, and
770:
In 1999, the company initiated a major sell-off to raise money via divestment, but financial and operational problems persisted, and the company entered an acute liquidity crisis in August 2001. In July 2000,
1087: 878:
in the third-quarter of 2011. Aker Solutions' holding company — Aker Holdings AS — was renamed Aker Kværner Holding AS, and held around 40% of Kværner ASA. Aker ASA took over the 10% stake owned by
1644: 867:
to supply steel tube umbilicals, a complete mono-ethylene glycol (MEG) reclamation unit, and subsea control equipment for the construction of offshore oil platforms in the
892:
On 18 February 2015, the company announced the loss of around 300 jobs in Norway as a response to falling oil prices and the decline in demand for drilling services.
767:, increasing its interests in shipbuilding, oil and gas, pulp and paper, engineering and construction. The company's international headquarters was moved to London. 665:
and Aker Solutions (2008). Aker Kværner was founded in 2004 from the major restructuring of a complex "Aker Kværner" business unit formed in 2002 by the merger of
1095: 885:
In 2014, Aker Solutions was further divided into two companies, Aker Solutions and Akastor, and in August Aker Solutions leased the entire first phase of the new
746: 874:
On 6 May 2011, Aker Solutions' EPC (engineering, procurement and construction) division was re-branded and spun off as a new company, Kværner ASA, listed on the
1113: 1024: 738: 821:
for €335 million. On 7 June 2007, a deal was announced to sell a 40.1 percent stake of the company from Aker ASA to Aker Holding. The new company was owned by
1209: 796:
and Kværner Oil & Gas in 2002, a major business restructuring of Aker Kværner was launched in 2004. This led to the formation of two industrial groups:
1654: 1639: 1542: 844:
as an accessory to torture and other human rights abuses for its collaboration in constructing and maintaining the US detention camp at Guantanamo Bay.
1649: 677:
until 2007. Then, via major ownership restructuring on 22 June 2007, Aker ASA gave up its holding in Aker Solutions and transferred a 40% stake to
1046: 1634: 1356: 1555: 720:
In 1841, Aker established its first workshop along the Aker river in Oslo, called Aker Mechanical Workshop (Aker Mekaniske Verksted).
1619: 1614: 1424: 1109: 826: 686: 410: 317:
Please help improve this article by looking for better, more reliable sources. Unreliable citations may be challenged and removed.
999: 646:, including systems and services required to de-carbonize oil and gas production, build wind-to-grid infrastructure and engineer 717:
Aker Solutions derives from a series of start-ups and mergers of Norwegian companies across the 19th, 20th and 21st centuries.
260: 776:
renegotiated NOK 8.6 bn of Kværner's debt. The following year the group adopt the Aker Kvaerner brand for the entire group.
1609: 1257: 886: 232: 1594: 148: 533: 975: 239: 1378: 350: 332: 279: 177: 119: 63: 1629: 1604: 1197: 756:
through jointly owned subsidiary, Kværner Process Services Inc. (KPSI), initiating a business partnership with the
1027:[Aker Kværner Contributed to Torture at Guantanamo] (in Norwegian). Amnesty International. 10 January 2007 944: 213: 97: 49: 246: 217: 86: 1519: 1386: 753: 17: 228: 93: 1175: 381: 647: 311: 159: 1288: 764: 731: 1298: 1250: 757: 560: 306: 1149: 1599: 206: 853: 1371: 841: 643: 1127: 253: 1068: 8: 1243: 1072: 875: 811: 742: 406: 392: 101: 55: 1329: 493: 155: 1529: 1278: 1114:"The Norwegian Government contributes to long-term strategic ownership of Aker Kværner" 745:. The Kværner Group entered the offshore oil and gas market from its base in Oslo, and 619: 297: 817:
In 2006, the company's pulp-and-paper and power businesses were sold to Finnish-based
1624: 1346: 909: 704:. As of 2023, the company trades on the Oslo stock exchange under the symbol 'AKSO'. 420: 1364: 96:. It may require cleanup to comply with Knowledge's content policies, particularly 806:. Aker Kværner also became a minor shareholder in the Finnish engineering company 868: 727: 539: 521: 1198:
https://www.offshore-energy.biz/aker-solutions-kvaerner-fusion-gets-green-light/
723: 1454: 1293: 594: 1588: 1570: 1557: 914: 793: 772: 666: 400: 1494: 1303: 919: 864: 678: 657:
Founded in 1841 as Akers Mekaniske Verksted, the company has been known as
372: 800:, working with oil, gas, energy and process engineering, and shipbuilding 1484: 1479: 1419: 834: 807: 694: 423: 1210:"Kværner ASA: Update on the contemplated merger with Aker Solutions ASA" 1108: 749:, an engineering and contracting company, was set-up in the late 1960s. 1504: 1459: 1429: 904: 882:
and Investor AB, raising its stake in Aker Kværner Holdings AS to 70%.
879: 863:
Between April 2010 and June 2010, the company won three contracts from
802: 551: 1313: 856:
held on 3 April 2008, Aker Kværner announced that it would rebrand as
670: 1499: 1394: 784: 195: 1509: 1409: 822: 697:(2.5%). On 3 April 2008, Aker Kværner was renamed Aker Solutions. 682: 674: 635: 599: 1464: 1514: 1474: 1449: 1439: 1434: 1414: 1283: 830: 690: 464: 779: 610: 1489: 1398: 1389: 1228: 871:
in Israel. Together, the contracts were worth NOK 1.1 billion.
726:
was founded in Oslo in 1853. In 1943, Kværner Brug and partner
632: 468: 1524: 1444: 1235: 1091: 1088:"Metso to acquire Aker Kvaerner's Pulping and Power business" 818: 570: 1469: 712: 639: 895:
In November 2020, Aker Solutions merged with Kværner ASA.
1000:"Strategic ownership of Aker Kvaerner to be established" 85:
A major contributor to this article appears to have a
1025:"Aker Kværner har medvirket til tortur på Guantànamo" 147:
may contain excessive or inappropriate references to
1645:
Non-renewable resource companies established in 2008
741:
AS was established in December 1967, listing on the
939: 937: 935: 220:. Unsourced material may be challenged and removed. 27:
Norwegian energy infrastructure engineering company
1067: 814:under the ticker symbol 'AKVER' on 2 April 2004. 1586: 932: 763:In 1996, Kværner acquired UK-based conglomerate 847: 788:Logo of Aker Kværner prior to company renaming. 810:in 2004. Aker Kvaerner started trading on the 1372: 1251: 780:2002 to 2008: Aker Kværner and Aker Solutions 1085: 730:jointly acquired a majority shareholding in 1655:Companies listed on the Oslo Stock Exchange 1640:Manufacturing companies established in 2008 1543:Companies listed on the Oslo Stock Exchange 994: 992: 970: 968: 64:Learn how and when to remove these messages 1379: 1365: 1258: 1244: 618: 559: 557:1,179,000,000 Norwegian krone (2022)  380: 1019: 1017: 673:. The company was majority controlled by 351:Learn how and when to remove this message 333:Learn how and when to remove this message 280:Learn how and when to remove this message 178:Learn how and when to remove this message 120:Learn how and when to remove this message 1110:Norwegian Ministry of Trade and Industry 989: 965: 827:Norwegian Ministry of Trade and Industry 783: 752:In 1993, construction work began at the 713:1841 to 2002: Evolution of Aker Kvaerner 687:Norwegian Ministry of Trade and Industry 92:Relevant discussion may be found on the 1650:Norwegian companies established in 2008 840:In 2007, the company was identified by 14: 1587: 1014: 642:. The firm's production is focused on 1360: 1239: 1176:"Aker Solutions cuts 300 Norway jobs" 158:by removing references to unreliable 1635:Energy companies established in 2008 887:Aberdeen International Business Park 291: 218:adding citations to reliable sources 189: 162:where they are used inappropriately. 131: 70: 29: 1150:"Oil firm signs major office lease" 1047:"Aker Kvaerner successfully listed" 24: 25: 1666: 1220: 792:Having resulted from a merger of 700:In 2020, the company merged with 45:This article has multiple issues. 1620:Shipbuilding companies of Norway 1388: 1341: 1340: 371: 296: 194: 136: 100:. Please discuss further on the 75: 34: 1615:Engineering companies of Norway 1202: 1190: 1168: 1142: 453:Aker Mechanical Workshop (1841) 433:Aker Mechanical Workshop (1841) 205:needs additional citations for 53:or discuss these issues on the 1265: 1120: 1102: 1086:Kati Renvall (2 August 2006). 1079: 1061: 1039: 13: 1: 976:"Ownership of Aker Solutions" 925: 754:Guantanamo Bay detention camp 681:, which in turn was owned by 848:2008 to 2020: Aker Solutions 7: 1610:Oilfield services companies 898: 10: 1671: 1595:Companies in the OBX Index 1073:"20 minutter unna konkurs" 707: 1571:59.8973500°N 10.6277722°E 1538: 1405: 1338: 1322: 1289:American Shipping Company 1271: 1128:"Tamar Natural Gas Field" 732:Thunes Mekaniske Verksted 605: 593: 583: 568: 549: 531: 517: 484: 474: 460: 437: 429: 416: 398: 388: 379: 370: 1299:Aker Floating Production 760:that lasted until 2006. 758:US Department of Defense 1630:Companies based in Oslo 1605:Oil companies of Norway 305:Some of this article's 1576:59.8973500; 10.6277722 789: 737:Joint holding company 638:firm headquartered in 149:self-published sources 1460:Gjensidige Forsikring 1098:on 27 September 2011. 842:Amnesty International 787: 671:Kværner Oil & Gas 644:energy infrastructure 444:Aker Solutions (2008) 98:neutral point of view 1071:(27 December 2006). 945:"2017 Annual Report" 214:improve this article 1567: /  1465:Lerøy Seafood Group 1178:. Petro Global News 876:Oslo Stock Exchange 812:Oslo Stock Exchange 747:Kværner Engineering 743:Oslo Stock Exchange 654:and sequestration. 585:Number of employees 576:NOK 19,736 million 450:Kværner Brug (1853) 447:Aker Kværner (2004) 393:Allmennaksjeselskap 367: 1530:Yara International 1212:. 9 November 2020. 790: 739:Kværner Industries 629:Aker Solutions ASA 366:Aker Solutions ASA 365: 1550: 1549: 1354: 1353: 1347:Category:Aker ASA 1069:Dagens Næringsliv 952:Akersolutions.com 910:List of companies 626: 625: 510: 504: 498: 421:Oilfield services 361: 360: 353: 343: 342: 335: 290: 289: 282: 264: 188: 187: 180: 130: 129: 122: 89:with its subject. 68: 16:(Redirected from 1662: 1582: 1581: 1579: 1578: 1577: 1572: 1568: 1565: 1564: 1563: 1560: 1393: 1392: 1381: 1374: 1367: 1358: 1357: 1344: 1343: 1330:Kjell Inge Røkke 1260: 1253: 1246: 1237: 1236: 1232: 1231: 1229:Official website 1214: 1213: 1206: 1200: 1194: 1188: 1187: 1185: 1183: 1172: 1166: 1165: 1163: 1161: 1156:. 12 August 2014 1146: 1140: 1139: 1137: 1135: 1124: 1118: 1117: 1116:(Press release). 1112:(22 June 2007). 1106: 1100: 1099: 1094:. Archived from 1083: 1077: 1076: 1065: 1059: 1058: 1056: 1054: 1043: 1037: 1036: 1034: 1032: 1021: 1012: 1011: 1009: 1007: 996: 987: 986: 984: 982: 972: 963: 962: 960: 958: 949: 941: 622: 617: 614: 612: 579: 573: 564: 563: 545: 534:Operating income 527: 508: 502: 496: 494:Leif-Arne Langøy 384: 375: 368: 364: 356: 349: 338: 331: 327: 324: 318: 300: 292: 285: 278: 274: 271: 265: 263: 229:"Aker Solutions" 222: 198: 190: 183: 176: 172: 169: 163: 140: 139: 132: 125: 118: 114: 111: 105: 87:close connection 79: 78: 71: 60: 38: 37: 30: 21: 1670: 1669: 1665: 1664: 1663: 1661: 1660: 1659: 1585: 1584: 1575: 1573: 1569: 1566: 1561: 1558: 1556: 1554: 1553: 1551: 1546: 1534: 1401: 1387: 1385: 1355: 1350: 1334: 1318: 1267: 1264: 1227: 1226: 1223: 1218: 1217: 1208: 1207: 1203: 1195: 1191: 1181: 1179: 1174: 1173: 1169: 1159: 1157: 1148: 1147: 1143: 1133: 1131: 1130:. Verdict Media 1126: 1125: 1121: 1107: 1103: 1084: 1080: 1066: 1062: 1052: 1050: 1049:(Press release) 1045: 1044: 1040: 1030: 1028: 1023: 1022: 1015: 1005: 1003: 1002:(Press release) 998: 997: 990: 980: 978: 974: 973: 966: 956: 954: 947: 943: 942: 933: 928: 901: 869:Tamar gas field 850: 782: 765:Trafalgar House 728:Myrens Verksted 715: 710: 651: 609: 586: 577: 569: 558: 554: 543: 536: 525: 524:22,461 million 513: 487: 477: 456: 403: 357: 346: 345: 344: 339: 328: 322: 319: 316: 301: 286: 275: 269: 266: 223: 221: 211: 199: 184: 173: 167: 164: 153: 141: 137: 126: 115: 109: 106: 91: 80: 76: 39: 35: 28: 23: 22: 15: 12: 11: 5: 1668: 1658: 1657: 1652: 1647: 1642: 1637: 1632: 1627: 1622: 1617: 1612: 1607: 1602: 1600:Aker Solutions 1597: 1548: 1547: 1539: 1536: 1535: 1533: 1532: 1527: 1522: 1517: 1512: 1507: 1502: 1497: 1492: 1487: 1482: 1477: 1472: 1467: 1462: 1457: 1452: 1447: 1442: 1437: 1432: 1427: 1422: 1417: 1412: 1406: 1403: 1402: 1384: 1383: 1376: 1369: 1361: 1352: 1351: 1339: 1336: 1335: 1333: 1332: 1326: 1324: 1320: 1319: 1317: 1316: 1311: 1309:Aker Solutions 1306: 1301: 1296: 1294:Aker BioMarine 1291: 1286: 1281: 1275: 1273: 1269: 1268: 1263: 1262: 1255: 1248: 1240: 1234: 1233: 1222: 1221:External links 1219: 1216: 1215: 1201: 1189: 1167: 1141: 1119: 1101: 1078: 1060: 1038: 1013: 988: 964: 930: 929: 927: 924: 923: 922: 917: 912: 907: 900: 897: 858:Aker Solutions 849: 846: 781: 778: 714: 711: 709: 706: 649: 624: 623: 613:.akersolutions 607: 603: 602: 597: 591: 590: 587: 584: 581: 580: 574: 566: 565: 555: 550: 547: 546: 537: 532: 529: 528: 519: 515: 514: 512: 511: 505: 499: 490: 488: 485: 482: 481: 478: 475: 472: 471: 462: 458: 457: 455: 454: 451: 448: 445: 441: 439: 435: 434: 431: 427: 426: 418: 414: 413: 404: 399: 396: 395: 390: 386: 385: 377: 376: 359: 358: 341: 340: 323:September 2024 307:listed sources 304: 302: 295: 288: 287: 202: 200: 193: 186: 185: 144: 142: 135: 128: 127: 110:September 2023 83: 81: 74: 69: 43: 42: 40: 33: 26: 9: 6: 4: 3: 2: 1667: 1656: 1653: 1651: 1648: 1646: 1643: 1641: 1638: 1636: 1633: 1631: 1628: 1626: 1623: 1621: 1618: 1616: 1613: 1611: 1608: 1606: 1603: 1601: 1598: 1596: 1593: 1592: 1590: 1583: 1580: 1562:10°37′39.98″E 1559:59°53′50.46″N 1545: 1544: 1537: 1531: 1528: 1526: 1523: 1521: 1518: 1516: 1513: 1511: 1508: 1506: 1503: 1501: 1498: 1496: 1493: 1491: 1488: 1486: 1483: 1481: 1478: 1476: 1473: 1471: 1468: 1466: 1463: 1461: 1458: 1456: 1453: 1451: 1448: 1446: 1443: 1441: 1438: 1436: 1433: 1431: 1428: 1426: 1423: 1421: 1418: 1416: 1413: 1411: 1408: 1407: 1404: 1400: 1397:companies of 1396: 1391: 1382: 1377: 1375: 1370: 1368: 1363: 1362: 1359: 1349: 1348: 1337: 1331: 1328: 1327: 1325: 1321: 1315: 1312: 1310: 1307: 1305: 1302: 1300: 1297: 1295: 1292: 1290: 1287: 1285: 1282: 1280: 1277: 1276: 1274: 1270: 1261: 1256: 1254: 1249: 1247: 1242: 1241: 1238: 1230: 1225: 1224: 1211: 1205: 1199: 1193: 1177: 1171: 1155: 1151: 1145: 1129: 1123: 1115: 1111: 1105: 1097: 1093: 1089: 1082: 1074: 1070: 1064: 1048: 1042: 1026: 1020: 1018: 1001: 995: 993: 977: 971: 969: 953: 946: 940: 938: 936: 931: 921: 918: 916: 915:Aker Maritime 913: 911: 908: 906: 903: 902: 896: 893: 890: 888: 883: 881: 877: 872: 870: 866: 861: 859: 855: 845: 843: 838: 836: 832: 828: 824: 820: 815: 813: 809: 805: 804: 799: 795: 794:Aker Maritime 786: 777: 774: 773:Aker Maritime 768: 766: 761: 759: 755: 750: 748: 744: 740: 735: 733: 729: 725: 721: 718: 705: 703: 698: 696: 692: 688: 684: 680: 676: 672: 668: 667:Aker Maritime 664: 663:Aker Kvaerner 660: 655: 653: 645: 641: 637: 634: 630: 621: 616: 608: 604: 601: 598: 596: 592: 588: 582: 575: 572: 567: 562: 556: 553: 548: 541: 538: 535: 530: 523: 520: 516: 506: 501:Kjetel Digre 500: 495: 492: 491: 489: 483: 479: 473: 470: 466: 463: 459: 452: 449: 446: 443: 442: 440: 436: 432: 428: 425: 422: 419: 415: 412: 408: 405: 402: 397: 394: 391: 387: 383: 378: 374: 369: 363: 355: 352: 337: 334: 326: 314: 313: 308: 303: 299: 294: 293: 284: 281: 273: 262: 259: 255: 252: 248: 245: 241: 238: 234: 231: –  230: 226: 225:Find sources: 219: 215: 209: 208: 203:This article 201: 197: 192: 191: 182: 179: 171: 161: 157: 151: 150: 145:This article 143: 134: 133: 124: 121: 113: 103: 99: 95: 90: 88: 82: 73: 72: 67: 65: 58: 57: 52: 51: 46: 41: 32: 31: 19: 18:Aker Kvaerner 1552: 1540: 1495:Scatec Solar 1345: 1308: 1304:Aker Holding 1204: 1192: 1180:. Retrieved 1170: 1158:. Retrieved 1153: 1144: 1132:. Retrieved 1122: 1104: 1096:the original 1081: 1063: 1051:. Retrieved 1041: 1029:. Retrieved 1004:. Retrieved 979:. Retrieved 955:. Retrieved 951: 920:Aker Holding 894: 891: 884: 873: 865:Noble Energy 862: 857: 851: 839: 816: 801: 798:Aker Kværner 797: 791: 769: 762: 751: 736: 724:Kværner Brug 722: 719: 716: 701: 699: 679:Aker Holding 662: 658: 656: 628: 627: 571:Total assets 542:571 million 507:Idar Eikrem 461:Headquarters 389:Company type 362: 347: 329: 320: 309: 276: 270:January 2019 267: 257: 250: 243: 236: 224: 212:Please help 207:verification 204: 174: 165: 154:Please help 146: 116: 107: 84: 61: 54: 48: 47:Please help 44: 1574: / 1480:Norsk Hydro 1420:BW Offshore 1182:19 February 852:During the 833:(7.5%) and 825:(60%), the 808:Aker Arctic 702:Kværner ASA 695:Investor AB 693:(7.5%) and 685:(60%), the 636:engineering 476:Area served 430:Predecessor 424:Engineering 310:may not be 1589:Categories 1541:See also: 1505:Storebrand 1430:Bakkafrost 1266:Aker Group 1134:24 October 1031:24 October 926:References 905:Sea Launch 803:Aker Yards 552:Net income 497:(chairman) 486:Key people 240:newspapers 156:improve it 50:improve it 1520:TGS-NOPEC 1500:Schibsted 1455:Frontline 1272:Companies 1160:4 January 957:4 January 633:Norwegian 480:Worldwide 401:Traded as 168:June 2022 102:talk page 94:talk page 56:talk page 1625:Aker ASA 1510:Subsea 7 1279:Aker ASA 899:See also 837:(2.5%). 835:Investor 823:Aker ASA 683:Aker ASA 675:Aker ASA 600:Aker ASA 417:Industry 312:reliable 1515:Telenor 1450:Equinor 1415:Aker BP 1314:Kværner 1284:Aker BP 1053:26 July 1006:26 July 981:26 July 829:(30%), 708:History 689:(30%), 652:capture 606:Website 518:Revenue 465:Fornebu 438:Founded 254:scholar 160:sources 1490:SalMar 1425:BW LPG 1399:Norway 1323:People 595:Parent 578:(2017) 544:(2017) 526:(2017) 469:Norway 256:  249:  242:  235:  227:  1525:Tomra 1485:Orkla 1445:Entra 1092:Metso 948:(PDF) 819:Metso 631:is a 589:6,000 509:(CFO) 503:(CEO) 261:JSTOR 247:books 1470:Mowi 1410:Aker 1184:2015 1162:2019 1136:2018 1055:2012 1033:2018 1008:2012 983:2012 959:2019 880:Saab 831:SAAB 691:SAAB 669:and 659:Aker 640:Oslo 615:.com 411:AKSO 233:news 1475:NEL 1440:DNO 1435:DNB 1395:OBX 1154:BBC 854:AGM 611:www 540:NOK 522:NOK 407:OSE 216:by 1591:: 1152:. 1090:. 1016:^ 991:^ 967:^ 950:. 934:^ 889:. 860:. 734:. 661:, 648:CO 467:, 409:: 59:. 1380:e 1373:t 1366:v 1259:e 1252:t 1245:v 1196:· 1186:. 1164:. 1138:. 1075:. 1057:. 1035:. 1010:. 985:. 961:. 650:2 354:) 348:( 336:) 330:( 325:) 321:( 315:. 283:) 277:( 272:) 268:( 258:· 251:· 244:· 237:· 210:. 181:) 175:( 170:) 166:( 152:. 123:) 117:( 112:) 108:( 104:. 66:) 62:( 20:)

Index

Aker Kvaerner
improve it
talk page
Learn how and when to remove these messages
close connection
talk page
neutral point of view
talk page
Learn how and when to remove this message
self-published sources
improve it
sources
Learn how and when to remove this message

verification
improve this article
adding citations to reliable sources
"Aker Solutions"
news
newspapers
books
scholar
JSTOR
Learn how and when to remove this message

listed sources
reliable
Learn how and when to remove this message
Learn how and when to remove this message

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.