Offshore engineering firm Aker Solutions slipped into the red in the first quarter of 2020 as the firm faces a "disruptive" year due to market uncertainty.
Offshore engineering firm Aker Solutions expects revenues to decline thanks to "considerably" reduced activity from operations due to the Covid-19 pandemic fallout.
Aker Solutions has warned that revenue and earnings are expected to dip next year as it fights for work in a “very competitive market”.
Aker Solutions has set out plans to derive 20% of its revenue from renewables and 25% from low-carbon solutions by 2030.
The development of intelligent subsea design brings the North Sea closer to a "safer" future with unmanned platforms, the boss of Aker Solutions has said.