Aker Solutions
Aker Solutions, with 11,000 employees and operations in over 15 countries, provides engineering and technical services for the oil, gas, and renewable energy sectors, aiming for significant CO2 reduction and increased revenue from low-carbon projects by 2030.
Company Overview
Aker Solutions is a global industry leader with 11,000 employees, operating in more than 15 countries and maintaining 35 locations worldwide. The company reported a revenue of NOK 36.1 billion for the full year 2023 and boasts a significant order backlog worth NOK 72.7 billion. Known for its innovative and sustainable solutions, Aker Solutions has a strong market outlook with an increased focus on energy spending forecasted in the upcoming years.
Energy Solutions
Aker Solutions provides a wide range of energy solutions, including renewable energy options for hydropower, offshore wind, hydrogen, and carbon capture, utilization, and storage (CCUS). The company also delivers electrification solutions for both offshore and onshore oil and gas installations. The firm's commitment to sustainability aims to reduce CO2 emissions from its operations by 50 percent by 2030, ultimately targeting net-zero emissions by 2050.
Oil and Gas Infrastructure
Aker Solutions designs and delivers a variety of oil, gas, and onshore facilities. These include floating production units, topsides and modules, substructures such as Jackets and GBS, and onshore processing plants. The company also undertakes large-scale upgrades and modifications, providing solutions for the maintenance and decommissioning of existing oil and gas infrastructure.
Strategic Collaborations and Contracts
Aker Solutions has entered several strategic collaborations and secured important contracts. Notable agreements include a long-term strategic collaboration with Equinor through its joint venture OneSubsea, and a contract to upgrade the wastewater treatment plant facilities at the Mongstad refinery. Additionally, the company was awarded a front-end engineering and design (FEED) contract by Hafslund Oslo Celsio for a CO2 terminal at the port of Oslo.
Historical Background
Aker Solutions has a rich history dating back to 1841, originating from a small mechanical workshop in Oslo, Norway. The company underwent a significant transformation with its merger with Kvaerner in November 2020. This merger positioned Aker Solutions as a leading provider of project execution, engineering, construction (EPC), and technical services to the global oil and gas and renewable energy markets.
