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Akastor ASA (AKKVF)

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At close: April 22 at 9:44 AM EDT

Akastor ASA: Update on DRU arbitration award amount

Reference is made to Akastor ASA's (OSE: AKAST) announcement dated 18 April 2024 on the arbitration award issued in respect of the DRU contracts. The arbitration tribunal imposed different orders for interest for sums awarded, including for (i) unpaid invoices prior to termination, and (ii) the termination fees, both at a rate of 8.5% per annum, compounded quarterly.

PR Newswire 2 days ago

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Akastor ASA: Arbitration award received on the DRU contracts

MHWirth AS ("MHW") has received an arbitration award issued by a tribunal under the rules of the Singapore International Arbitration Centre (SIAC) in a dispute with Jurong Shipyard Pte Ltd ("Jurong") arising out of Jurong's termination of four Drilling Rig Unit ("DRU") contracts, whereby MHW has been awarded an amount of USD 101,359,024 as payment of termination fees ("Termination Fee"). In addition, MHW has been awarded reimbursement of legal costs and certain suspension costs (total about USD

PR Newswire 6 days ago

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CORRECTION: Aker Solutions ASA: Annual, Remuneration and Corporate Governance Reports for 2023

Aker Solutions today publishes its annual report, remuneration report and corporate governance report for 2023. Correction: New versions of reports enclosed due to an incorrect file name of the file containing the annual financial statements in European Single Electronic Format (ESEF) published today at 07:02 CET.

PR Newswire last month

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Aker Solutions ASA: Annual, Remuneration and Corporate Governance Reports for 2023

Aker Solutions today publishes its annual report, remuneration report and corporate governance report for 2023.

PR Newswire last month

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Akastor ASA: Fourth Quarter Results 2023

Fourth Quarter Highlights

PR Newswire 2 months ago

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Aker Solutions ASA: Fourth quarter results 2023 - Solid performance, positioning for long-term profitable growth

Aker Solutions delivered solid financial performance in the fourth quarter and for the full-year 2023, with increasing revenue and margins. The large secured backlog of projects with balanced risk-reward profiles provides good visibility for future activity levels. The market outlook remains positive, with increased energy spending forecasted in the years to come. Aker Solutions expects revenue to be up by around 15 percent in 2024 from 2023. The updated dividend policy targets a distribution of

PR Newswire 2 months ago

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Akastor ASA: DDW Offshore awarded contract extension

Reference is made to press release dated 27 September 2022 on the contract awarded by Petrofac in Australia to Akastor ASA's (OSE: AKAST) subsidiary DDW Offshore AS ("DDW Offshore") in respect of the vessel Skandi Atlantic. Petrofac has now awarded DDW Offshore a 9-month extension of the existing contract in Australia whereby Skandi Emerald will replace Skandi Atlantic in March 2024. The contract will last until year-end 2024. Skandi Emerald will continue to support the disconnection of the FPSO

PR Newswire 2 months ago

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Aker Solutions awarded a contract for the Norfolk Vanguard East offshore wind project

Aker Solutions has been awarded a sizeable1 contract from Vattenfall for the Norfolk Vanguard East Offshore Wind Farm off the coast of Norfolk, UK. The contract has a balanced risk-reward profile based on principles for long-term collaboration.

PR Newswire 5 months ago

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Aker Solutions awarded Limited Notice to Proceed for the next step of the Norfolk offshore wind project

Aker Solutions has been awarded a limited notice to proceed contract from Vattenfall for the Norfolk Vanguard West Offshore Wind Farm off the coast of Norfolk, UK. The contract has a balanced risk-reward profile based on principles for long-term collaboration.

PR Newswire 5 months ago

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Akastor ASA: Successful placement of new USD 200m senior secured bonds by HMH

Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ("HMH") has today successfully completed a USD 200 million senior secured bond issue with a tenor of 3 years and a fixed coupon of 9.875 % per annum (the "Bonds"). Reference is made to Akastor's stock exchange notice on 30 October 2023.

PR Newswire 5 months ago

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Akastor ASA: HMH mandate announcement and contemplated bond issuance

Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ('HMH') has today announced that it has mandated DNB Markets and Nordea as Global Coordinators and Joint Bookrunners and Arctic Securities and Pareto Securities as Joint Bookrunners to arrange a series of fixed income investor meetings, with the intention of seeking to secure a senior secured bond loan.

PR Newswire 5 months ago

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Aker Solutions ASA: Third-Quarter Results 2023

Aker Solutions has delivered another strong quarter with growth in revenues, margins and cash generation compared to the same period last year. The outlook for the company remains strong with a solid secured backlog and high tendering activity. In early October, Aker Solutions announced the final closing of the OneSubsea joint venture, for which the company will receive USD 700 million and retain a 20 percent ownership in a larger and stronger subsea entity.

PR Newswire 5 months ago

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Akastor ASA: Third Quarter Results 2023

Third Quarter Highlights

PR Newswire 5 months ago

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Akastor ASA: DDW Offshore completes USD 31 million refinancing

Akastor ASA's (OSE: AKAST), ("Akastor") wholly owned subsidiary DDW Offshore AS ("DDW Offshore") has completed a USD 31 million refinancing provided by EnTrust Global's Blue Ocean Funds as lenders. The new loan agreement matures in September 2026 and is guaranteed by Akastor. The funds have been or will be used for the following purposes:

PR Newswire 6 months ago

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Aker Solutions ASA: Competition authorities approve subsea joint venture between Aker Solutions, SLB and Subsea7

Reference is made to the stock exchange release August 30, 2022 regarding the agreements to form a subsea joint venture with SLB and Subsea7. Closing is subject to regulatory approvals.

PR Newswire 8 months ago

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Akastor ASA: Completed sale of DDW Offshore vessels to OceanPact

Reference is made to the stock exchange announcement on 18 March 2021 by Akastor ASA (OSE: AKAST, "Akastor") regarding the two AHTS vessels Skandi Saigon and Skandi Pacific, which are owned by Akastor's subsidiary DDW Offshore AS ("DDW Offshore") and contracted out to OceanPact Servicos Maritimos S.A. ("OceanPact") under a bareboat agreement with a purchase obligation at the end of the bareboat term. Following expiry of the charter period, both vessels are now sold to OceanPact for the agreed ca

PR Newswire 8 months ago

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Akastor ASA: Second Quarter and Half Year Results 2023

Second Quarter Highlights

PR Newswire 9 months ago

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Aker Solutions ASA: Second-Quarter and Half-Year Results 2023

Aker Solutions has delivered another strong quarter with growth in revenues, margins and cash generation compared to the same period last year. The main projects continued to progress, tendering activity was high, and the market outlook remains positive. Aker Solutions updated its revenue guidance and now expects revenue to increase by about 30 percent in 2023 over 2022 levels.

PR Newswire 9 months ago

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Akastor ASA: Settlement of USD 20m seller's credit

Reference is made to the stock exchange announcement on 29 November 2022 by Akastor ASA (OSE: AKAST) ("Akastor") regarding the sale by Akastor of certain preference shares to Odfjell Drilling, of which USD 20 million of the USD 95.2 million purchase price was to be settled pursuant to a seller's credit arrangement with maturity date 31 July 2024. Following a recent refinancing in Odfjell Drilling, the USD 20 million seller's credit has now been fully and finally settled.

PR Newswire 9 months ago

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Aker Solutions ASA: First-Quarter Results 2023

Aker Solutions has delivered increased year-on-year revenues, margin growth and improved cash-generation on the strength of solid project execution. Growing demand for Aker Solutions' offerings for the energy industry is reflected in a record-high order backlog and high tendering activity.

PR Newswire 11 months ago

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Performance Overview

Return	AKKVF	OBX Total Return Index
YTD	+2.97%	+6.13%
1-Year	+9.47%	+14.84%
3-Year	+52.94%	+33.81%

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Akastor ASA (AKKVF)

Akastor ASA: Update on DRU arbitration award amount

Akastor ASA: Arbitration award received on the DRU contracts

CORRECTION: Aker Solutions ASA: Annual, Remuneration and Corporate Governance Reports for 2023

Aker Solutions ASA: Annual, Remuneration and Corporate Governance Reports for 2023

Akastor ASA: Fourth Quarter Results 2023

Aker Solutions ASA: Fourth quarter results 2023 - Solid performance, positioning for long-term profitable growth

Akastor ASA: DDW Offshore awarded contract extension

Aker Solutions awarded a contract for the Norfolk Vanguard East offshore wind project

Aker Solutions awarded Limited Notice to Proceed for the next step of the Norfolk offshore wind project

Akastor ASA: Successful placement of new USD 200m senior secured bonds by HMH

Akastor ASA: HMH mandate announcement and contemplated bond issuance

Aker Solutions ASA: Third-Quarter Results 2023

Akastor ASA: Third Quarter Results 2023

Akastor ASA: DDW Offshore completes USD 31 million refinancing

Aker Solutions ASA: Competition authorities approve subsea joint venture between Aker Solutions, SLB and Subsea7

Akastor ASA: Completed sale of DDW Offshore vessels to OceanPact

Akastor ASA: Second Quarter and Half Year Results 2023

Aker Solutions ASA: Second-Quarter and Half-Year Results 2023

Akastor ASA: Settlement of USD 20m seller's credit

Aker Solutions ASA: First-Quarter Results 2023

Performance Overview