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Aker Capital AS Expands Its Stake in Solstad Offshore, Strengthening Partnership.

Written by Paulo Nogueira

Published on 14/12/2023 at 22:39

Oil and Gas

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Aker Capital Acquires Largest Stake in Solstad Offshore, Represented on the Board, Market Update, and Bidding Activity.

Aker Capital AS increased its stake in Solstad Offshore by acquiring 8,240,000 shares of the company at an average price of NOK 48.45 per share.

In addition, Aker Capital now holds 27,089,493 shares of Solstad Offshore ASA, equivalent to about 32.9% of the total shares. The company is represented on the board by Frank Ove Reite, who also owns 356,509 shares through Fausken Invest AS. Frank Ove Reite is a prominent name in the oil and gas sector and has shown increasing interest in investments in renewable energy.

Solstad Offshore: Market Update and Shareholding

In its latest market update, Solstad Offshore expressed optimism regarding the demand for offshore services, both in the oil and gas sector and in renewable energy. According to the company, bidding activity and contract awards remained at a high level, reflecting improved trading conditions and a greater willingness from clients to enter into longer-term commitments.

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Aker Capital AS and Frank Ove Reite: Board Representation at Solstad Offshore

Additionally, Solstad Offshore announced the establishment of a new services division, which will offer additional services such as ROVs, W2W systems, tooling, lifting, and project support to clients, as well as time chartering of vessels. The company stated that this initiative aims to expand its range of offerings and strengthen its market position.

Fausken Invest AS and Solstad Offshore’s Bidding Activity

With the recent inclusion of Aker Capital AS and Frank Ove Reite on its board, Solstad Offshore is optimistic about its shareholding and believes that these changes will further boost its growth and development. The company reiterated its commitment to providing high-quality services and meeting the needs of its clients in an ever-evolving market.

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

Aker Capital AS Expands Its Stake in Solstad Offshore, Strengthening Partnership.

Aker Capital Acquires Largest Stake in Solstad Offshore, Represented on the Board, Market Update, and Bidding Activity.

Solstad Offshore: Market Update and Shareholding

Aker Capital AS and Frank Ove Reite: Board Representation at Solstad Offshore

Fausken Invest AS and Solstad Offshore’s Bidding Activity

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Aker Capital AS Expands Its Stake in Solstad Offshore, Strengthening Partnership.

Aker Capital Acquires Largest Stake in Solstad Offshore, Represented on the Board, Market Update, and Bidding Activity.

Solstad Offshore: Market Update and Shareholding

Aker Capital AS and Frank Ove Reite: Board Representation at Solstad Offshore

Fausken Invest AS and Solstad Offshore’s Bidding Activity

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With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

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