Hints and tips:
...Aker BP was formed in 2016 when the UK group’s Norwegian subsidiary merged with Norway’s Det norske oljeselskap. BP controls 30 per cent of Aker BP, while Aker controls 40 per cent....
...Shares in Aker BP rose 6 per cent on the news on Tuesday afternoon, while Lundin’s increased 2 per cent....
...And they are skills he has brought to his role as chief executive of fishing and biotech company Aker BioMarine....
...The rally for REC Silicon is a big win for one of Norway’s richest men, Kjell Inge Rokke, whose Aker investment company bought 64m shares in REC Silicon on 9 December at a price of NKr1.325 a share....
...Thanks to its generous tax rebates for exploration and an increasing number of Norway-focused companies such as Equinor, Lundin and Aker BP, he refused to call it the last big discovery....
...With Equinor as the operator, plus partners Aker BP and Total of France, this field will eventually produce 660,000 barrels daily....
...Aker ASA, a Norwegian oil-focused conglomerate that owns 49 per cent of Det norske, will buy some of these shares to end up with 40 per cent of Aker BP, as the new company will be known....
...Mr Rokke’s Aker investment vehicle will own 40 per cent of the new company — which will be called Aker BP and listed on the Oslo stock exchange — while Det norske’s existing shareholders will have the remaining...
...Abstract Group, which developed the headquarters building for the Norwegian Aker group as the first phase of a new business park, said the property would be leased to Aker Solutions on a 20-year term for...
...Clearly, management overpaid for acquisitions such as GlobalSantaFe (2007) and Aker Drilling (2011)....
...Number 2 is from Norway, oil services, Aker Solutions. Nok 93.5 per share....
...He worked for six years in the Aker group of companies, one of Norway’s biggest industrial empires, before joining Statoil....
...The law applies to all Norway’s listed companies, known as ASA, including Statoil, Telenor and Aker. But it does not hit the great bulk of local companies that are privately held....
...Indeed, Petrofac may have got off lightly: Aker Solutions and Saipem both tumbled by much more when they warned on profits this year, and they still have to regain any of that lost value....
...Seadrill, Aker Solutions, Halliburton and Baker Hughes have all made their home here. The latter two are expanding in Europe in the hope of riding the continent’s coming shale boom....
...Aker Solutions’ shares sank by more than a fifth after Norway’s leading oil services company issued a profit warning just two months after disappointing on earnings....
...This is where Saipem and Aker have stumbled....
...Aker Solutions saw its earnings before interest, tax, depreciation and amortisation margin shaved from 9.9 per cent to 9.4 per cent in 2011 due to “weak performance and quality issues” in Brazil....
...Investors were unimpressed by the dilutive share issue that followed last year’s $1.4bn acquisition of Aker Drilling with its modern rig fleet....
...Mr Lund came to Statoil after stints at Hafslund Nycomed, the pharmaceutical and energy company, which later became part of GE Health, and Aker Maritime, the shipping company, overseeing its merger with...
...Investors have also been disappointed by Transocean’s decision last November to issue $1.2bn in new shares to pay for the $1.4bn acquisition of Aker Drilling....
...Aker Capital AS, a wholly owned subsidiary of Aker ASA, and other existing shareholders in Aker Drilling representing 60.5 per cent of the outstanding shares have committed to selling their shares and Aker...
...However, the NKr26.50 per share cash offer is only 40 per cent above Aker Drilling’s initial public offering price in February; moreover, as analysts at Terra Markets point out, Aker Drilling has greater...
...The discovery highlighted renewed interest in the North Sea oil industry a day after Transocean, the world’s biggest offshore drilling company by rig numbers, launched a $1.43bn cash offer for Norway’s Aker...
...Breaking pre-market news on Monday, - Transocean makes $1.43bn offer for Aker Drilling — statement. - UK house prices show first year-on-year fall since September 2009 — report....
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