Oil and Gas News
Aker Capital Boosts Stake in Solstad Offshore
Aker Capital AS, a subsidiary of Aker ASA, has increased its stake in Solstad Offshore ASA by acquiring 8,240,000 shares at an average price of NOK 48.45 per share. Following this transaction, Aker Capital now holds 27,089,493 shares in Solstad Offshore, representing an ownership interest of approximately 32.9%. Aker Capital AS is fully owned by Aker ASA and is represented on Solstad Offshore's board by Frank Ove Reite, who also owns 356,509 shares in the company through Fausken Invest AS.
Solstad Offshore, in its Q3 market update, expressed optimism about the demand for offshore services in both the oil and gas and renewables sectors. The company noted high tender activity and contract awards with improved commercial terms, indicating an increased willingness from clients to make longer commitments. Solstad Offshore has recently diversified its offerings by establishing a services division, providing additional services such as ROVs, W2W systems, tooling, survey, and project support alongside vessel time charters.