LNG

Feb 8 (LNGJ) - Aker Solutions, the Norwegian energy and LNG engineering company, is getting back on track as it reported fourth-quarter net income of 178 million Norwegian crowns ($20.7M), up on the same three months a year ago. Aker’s full-year net income came in at 554M crowns ($64.45M) versus 239M crowns ($27.8M) in 2017. The company said its order backlog amounted to 35.1 billion crowns ($4 billion) and it forecast good times ahead for the industry.
    “We saw a record number of studies and front-end engineering work for larger and more complex projects than previous years, a positive sign of more work to come,” said Chief Executive Officer Luis Araujo. The company said tendering activity remained high in the main subsea and offshore markets. “Aker Solutions is currently bidding for contracts totaling about 45 billion crowns ($5.2Bln). About two thirds of this is in the subsea area and key projects are anticipated to be awarded over the next six to 12 months,” stated Aker.

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.