LNG

Oct 24 (LNGJ) - Norwegian energy and LNG project engineering company Aker Solutions posted third-quarter net income of 155 million Norwegian crowns ($19 million) compared with 124M crowns in the same three months a year ago. Revenues amounted to 6.54 billion crowns ($790M), a rise of 21 percent compared with the 5.41Bln crowns logged in the year-ago quarter. Orders totaled 5.9Bln crowns in the quarter, bringing the backlog to 36.1Bln crowns. “Our order intake in the quarter more than doubled versus the same period a year earlier and we're seeing high tendering activity in all our markets,” said Luis Araujo, Chief Executive of Aker Solutions. The company said it was bidding for contracts totaling about 45Bln crowns. “About two-thirds of these are in the subsea area, where the company expects key projects to be awarded over the next six to 12 months, including in Brazil, the UK, Africa, Australia and Asia Pacific,” added Aker.