EnergyWatch

Aker Solutions continues to struggle with lousy market

The sluggish market for companies, which service the oil industry, dealt more blows to Aker Solutions in the fourth quarter. The bottom line shows a big loss, prompting management to drop dividends.

Photo: Hjalmar Otto Fjøsne/Aker Solutions

Lack of work in the oil industry continues to cause problems for service company Aker Solutions.

In the fourth quarter, the offshore company, which is part of Kjell Inge Røkke's Aker Group, had to cash in another big deficit while revenue also took a dive.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

US to bank more on nuclear power

Several US states are regarding nuclear power as a supplement to renewables when it comes to lowering emissions, but there is still opposition from a number of Democratic states.

Further reading

Related articles

Latest News

See all jobs