Aker Solutions is winning a wave of work in offshore wind and carbon capture, while also trying to cut costs and rewrite contracts to share risk more fairly. But tricky older renewables jobs and rising political trade frictions could keep results uneven and push the company back toward more oil and gas work.Read more
Aker Solutions is trying to turn its oil-and-gas engineering roots into a bigger role in offshore wind and carbon capture, helped by early wins and more repeatable contract work. The big question is whether it can execute these complex projects and keep funding access as the energy transition speeds up and competition rises.Read more
Aker Solutions still depends heavily on oil-and-gas work, and a faster shift away from new fossil fuel projects could leave it fighting for fewer jobs while costs rise. The bigger question is whether newer areas like carbon capture, renewables, and digital tools can grow quickly enough to offset that and keep profits steady.Read more
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Aker Solutions ASA provides solutions, products, systems, and services to the oil and gas industry in Norway, the United States, Brazil, the United Kingdom, Malaysia, Angola, Brunei, Canada, India, and internationally. The company operates in two segments, Renewables and Field Development; and Life Cycle. It offers field planning, feasibility, and concept studies; specialist engineering, project management, and procurement services; floater designs, offshore wind, as well as engages in design, delivery, and construction of oil and gas production, and receiving and processing facilities. The company provides carbon capture, utilization and storage, hydropower, and offshore wind solutions. Further, it designs and constructs jackets for construction services and offers electrification services; and designs and constructs offshore oil and gas production facilities and onshore receiving and processing facilities. Additionally, the company provides maintenance, modifications, decommissioning, asset integrity management, hook-up, and completion solutions. The company was founded in 1841 and is headquartered in Fornebu, Norway.
