Aker Solutions announces its second-quarter results on Thursday, showing advancement for the company after being hit hard by the pandemic and oil price slump. Aker BP doubles operating income and predicts a strong future.
2020 was a year of change for Aker Solutions, which enters a new era with a major deficit and expects to stay in the red for the foreseeable future, shows the Norwegian oil service company's financial report.
Despite tough competition and a shrinking order book, oil service company Aker Solutions increases its revenue and operating result in the second quarter. The Norwegian company now expects its revenue to increase by 10 percent this year.
Norwegian oil services company Aker Solutions has seen huge interest from oil companies in the third quarter, with rising activity across all primary markets. Revenue is growing but the company continues to be squeezed by prices.
The fourth quarter 2017 became Aker Solutions' best in years in terms of winning orders. With lower costs in the oil sector and more approved projects, things are looking good, says CEO in the company's interim report.
Oil company Statoil has awarded three contracts to three different suppliers valued at a total of NOK 8 billion. One of the agreements goes to Aker Solutions, which recently landed a large contract with Maersk Drilling.