Looking for a specific product?

Make a search for products & suppliers, articles & news.

Normal fluctuations in the oil market

Aker Solutions have been quick to comment on the recent challenges in the Norwegian oil industry. 

After 1,500 contract staff here let go in egersund, Aker Solutions have been downplaying the news. They state that these events are down to normal fluctuuations in a cyclic oil industry. 

 

"The oil industry is a cyclical sector with substantial fluctuations in activity levels. We adapt our own capactiy as correctly as possible in relation to periods with lower activity by using contracted labour to deal with the peaks. All such contracts are time-limited and the horizon normally varies, but the most common one is 12 months. This is also the practise in a strong market," head of press Anne Cecilie Lund-Andersen at Aker Solutions writes in a text.

 

The recent fluctuations has seen oil prices dip to their lowest levels in four years. This has caused several companies to evaluate their expenses and overheads. 

Read more here.

Related news

Latest news

New Machining Center In Fredrikstad

Jotne opened a brand new machining hall in Fredrikstad on the 20th of May.

Construction and Testing of 4 Caterpillar C280 Gensets Finalized

Jotne has together with thier client Pon Power finalized construction and testing of 4 Caterpillar C280 gensets in Jotne’s factory in Fredrikstad. 

DNV GL acquires specialist in CFD for fire and explosion analysis, ComputITG

With its roots in the offshore sector,

New land based contract with Sisomar

Sisomar’s philosophy is close to AKVA group’s underlying strategy to develop technological solutions based on good fish health and solid biology. 

Geothermal energy- an answer for selected areas in Poland

During the last weeks the experts have visited the selected sites in Poland and also been on a study visit to Iceland.

New contract for delivery of Servogear CPP

Servogear announce a new contact for the delivery of Servogear Ecoflow PropulsorTM to a long-range catamaran. The delivery is scheduled to take place in Q2 and Q3 2018.

New contract: Windcat 42 - no 18 in the Servogear series

The delivery of the Servogear Ecoflow Propulsor to Windcat 42 will take place in the first quarter of 2018.

Frank Ketelaars takes the lead for DNV GL - Oil & Gas in the Americas

Frank Ketelaars took up the position of Director of Region Americas in DNV GL – Oil & Gas on 1 October, as North America’s energy system undergoes a transition.

Frank Ketelaars takes the lead for DNV GL - Oil & Gas in the Americas

Frank Ketelaars took up the position of Director of Region Americas in DNV GL – Oil & Gas on 1 October, as North America’s energy system undergoes a transition.