• About Us
  • Partners
  • Contact
Monday, September 25, 2023
  • Login
No Result
View All Result
NEWSLETTER
The Energy Intelligence
No Result
View All Result
The Energy Intelligence
No Result
View All Result
hhh hhh hhh
ADVERTISEMENT
Home Oil

Norwegian oil services firm Aker Solutions announces merger with Kvaerner, names new CEO

by The Energy Intelligence
July 17, 2020
in Oil
0
The two entities will join forces to create a new supplier company with a stronger position as a solid execution partner, enabling sustainable, low-carbon oil and gas production, and accelerating growth in renewable energy industries.

Credit: Aker Solutions

0
SHARES
Share on FacebookShare on Twitter
Oman Petroleum and Energy Show
ADVERTISEMENT

Aker Solutions and Kvaerner will merge to strengthen their base in the global energy industry, both companies said in a statement obtained by The Energy Intelligence on Friday.

The two entities will join forces to create a new supplier company with a stronger position as a solid execution partner, enabling sustainable, low-carbon oil and gas production, and accelerating growth in renewable energy industries.

They have agreed to merge the companies based on the principle of equal parties.

The name of the new company will be Aker Solutions ASA.

Kjetel Digre has been appointed Chief Executive Officer of Aker Solutions, effective August 1, 2020, and will lead the combined company.

Kvaerner and Aker Solutions have for many years been successful suppliers to customers operating energy production facilities, especially to oil companies with oil and gas fields. Customers in this market are increasingly asking for solutions with reduced environmental footprint, and new customers ask for renewable energy solutions.

“By combining the two companies and their complementary resources, we will be able to deliver a more complete offering to a global energy industry,” says Leif-Arne Langøy, current chairman of Kvaerner and also proposed new chairman of Aker Solutions.

“The combined company will be a dedicated execution partner for delivery of complete projects for new energy production facilities, for example oil and gas production platforms or subsea systems, or offshore wind power installations,” says Kjetel Digre.

“The company will continue to finetune and improve our internal capacities, to ensure that we always have a sound capacity utilisation. In addition to our own capabilities, we will continue to collaborate closely with partners,” Digre adds.

ADVERTISEMENT

Aker Solutions has developed technology and taken strong positions in markets for offshore wind and carbon capture, utilization and storage,” says Øyvind Eriksen, Chairman of Aker Solutions.

“However, it has become increasingly clear that these businesses represent value creation opportunities in a world transitioning to green solutions at accelerated speed and have more potential as stand-alone companies than as an integrated part of an oil service business.”

“Renewables and green technologies have entirely different value chains, customers, investor bases and sources of funding. Capitalizing and separating the offshore wind and CCUS business areas from Aker Solutions present a unique opportunity for growth and value creation,” says Eriksen.

Tags: Aker SolutionsAker Solutions ASAKjetel DigreKvaernerLeif-Arne Langøyoffshore wind power installationsØyvind EriksenRenewables and green technologies
The Energy Intelligence

The Energy Intelligence

The Energy Intelligence is a leading energy media consultancy providing senior decision makers access to indepth analysis and commentary on the energy sector.

YES! Summit Connects Africa’s Youth with Opportunities in the Energy Sector

YES! Summit Connects Africa’s Youth with Opportunities in the Energy Sector

June 19, 2023
Game Changer: $100M equipment finance unleashed for solar companies in Nigeria

Game Changer: $100M equipment finance unleashed for solar companies in Nigeria

May 22, 2023
Top HR Expert to Promote Renewable Energy Career Opportunities at ELD 2023

Top HR Expert to Promote Renewable Energy Career Opportunities at ELD 2023

January 17, 2023

Popular News

    Tweet at us!

    Connect with us

    Newsletter

    Join thousands of other senior energy decision makers and gain access to exclusive stories and reports
    SUBSCRIBE

    Category

    • Amazons in Energy
    • Bio Energy
    • Clean Cooking
    • Climate Change
    • EnergyPreneur
    • Environment
    • Events
    • Food and Pharmaceuticals
    • Gas
    • Geothermal Energy
    • Governance
    • GreenTech Made in Africa
    • Hydro Power
    • Hydrogen Power
    • Industry News
    • Insight
    • Logistics
    • Magazine
    • Marine Services
    • Nuclear Power
    • Oil
    • Partners
    • Press Release
    • Recycling
    • Solar Energy
    • Solid Minerals
    • Sustainable Mobility
    • Technergy
    • Uncategorized
    • Wind Power

    Our Mission

    The Energy Intelligence is dedicated to focusing on all the key trends and developments that are emerging from within the Global Energy industry through Business Intelligence, Networking and Strategic Communications.

    • About Us
    • Partners
    • Contact

    © 2020 The Energy Intelligence. All rights reserved

    No Result
    View All Result
    • Home
    • Solid Minerals
    • Oil
    • Marine Services
    • Industry News
    • Insights
    • Partners

    © 2020 The Energy Intelligence. All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    You cannot copy content of this page