LNG

Aker Solutions, the Norwegian energy project engineering and oil and gas services company seeking more LNG work in subsea, gas compression and floating facility design said its first-half order intake amounted to 14.3 billion Norwegian crowns ($1.76Bln), almost double the amount of a year ago.

Aker Solutions, the Norwegian energy and LNG project engineering company, said the markets were challenging and projects are being postponed across the industry, though cost cuts are driving down break-even levels, which may allow some major developments to be sanctioned in the next 12-18 months.