Aker Solutions loses big chunk of its revenue

One of Norway's dominant companies in the offshore industry, Aker Solutions, is feeling the pressure with heavily reduced revenue in the first three months of 2016. The only real bright spot on the horizon is the future oil field Johan Sverdrup.

Aker Solutions ended the first three months of 2016 with a revenue that has definitely taken a hit from the low oil prices and an- industry under more pressure than it has been for decades.

The company, which is a heavyweight in the Norwegian supplier industry, watched revenue decline to approximately USD 800 million down from about USD 1 billion in the equivalent quarter in 2015, according to the interim report from Aker Solutions.

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