Aker Wayfarer Wins 5-Yr Contract from Petrobras
Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) has won a contract worth USD 465 million over five years from Petrobras to provide subsea intervention services offshore Brazil from the Aker Wayfarer vessel. The contract will start within the fourth quarter of 2016 and has a five-year option extension. AKOFS will at the end of September become part of Akastor, an oilfield services investment company that will be one of two companies formed as part of the announced separation of Aker Solutions.
Aker Solutions Taking $211 mln Writedown
Writedown follows Total cancelling a contract in June; shares down 0.5 pct, lagging Oslo benchmark. The market had already priced in the hit - analyst. Norwegian oil services firm Aker Solutions will write down 1.3 billion crowns ($211 million) after tax from its earnings in the second quarter due to impairments in its Aker Oilfield Services division, the firm said on Friday. The writedown comes after French oil firm Total cancelled a two-year contract with an Aker Solutions vessel off Angola on June 25…
