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Aker Solutions ASA
Aker Solutions builds the equipment and systems that oil, gas, and offshore wind companies need to produce energy at sea.
Aker Solutions is an engineering company that helps energy companies build the heavy hardware they need offshore. It designs and delivers the platforms, subsea systems, and processing equipment that sit on or under the ocean, and it provides the engineers and services to keep those facilities running. Its customers are the big oil and gas producers and, increasingly, offshore wind developers.
The business has two main engines. One is the project side, where Aker Solutions wins large contracts to design and build entire offshore platforms or subsea production systems — huge, multi-year jobs where the company is paid for engineering, procurement, and construction. The other is the services side, where it sends engineers and maintenance crews to existing fields to keep equipment working, do upgrades, and extend the life of aging installations. That service work is steadier and less tied to the swings of new project spending. The subsea part is worth understanding from first principles. Instead of putting all the processing gear on a platform above the waves, oil companies can place wellheads and pumps on the seafloor and pipe the oil and gas back to a floating vessel or shore. Aker Solutions makes the trees, manifolds, and control systems that make this work. Subsea setups are cheaper and safer than big platforms in deep water, which is why they matter so much in places like the North Sea and offshore Brazil. The company is based in Norway, which helps explain its roots: it grew up serving the North Sea oil boom and still does much of its work there. It has faced a tough stretch as oil companies cut spending and shift toward cleaner energy, and it has been pushing into offshore wind and carbon capture to diversify. It also has a controlling shareholder, Aker ASA, which has shaped its strategy and ownership over the years.
Aker Solutions is a cyclical business — when oil prices are high, producers spend on new projects, and when they fall, they pull back. That makes the steadier service revenue a useful cushion. The company's bet is that its engineering know-how in harsh offshore conditions keeps it valuable whether the energy comes from oil, gas, or wind.
Saved answer · last researched 15 Nov 2026