Aker Solutions' CEO - Christmas speech 2012

🎥 Dec 21, 2012 📺 Konstantinos Antonakopoulos (kantonak) ⏱ 5m

This is the Christmas speech from Aker Solutions' CEO Øyvind Eriksen, today 21-12 at the S36 building in Fornebu, Oslo. Aker ...

Watch on YouTube

About Øyvind Eriksen

In 2024, Eriksen stated that Aker had been "too eager too early" in the renewable energy sector, leading to "far too large losses on green investments." He said the company "gaped over too much" regarding its earlier renewable initiatives, but added that renewable energy and green technology remain "very relevant for Aker's future" given its engineering resources and industrial network. Eriksen also said he believes the oil age will last longer and the energy transition will take more time than expectations set by politicians who have not understood the complexity of the energy system, arguing that the world needs to invest in both oil and gas and renewables in parallel. Regarding Aker BP, Eriksen said in early 2024 that the company has no plans to expand outside the Norwegian continental shelf and has an investment program of around 200 billion Norwegian kroner through 2027. He described Aker BP's task as producing oil and gas on the Norwegian shelf with the lowest emissions and lowest costs in the world. In 2020, Eriksen said Aker was preparing its portfolio companies for high volatility and low oil prices for the next few years, and that the company was in contact with the Norwegian government and opposition parties about changes to the petroleum tax regime to stimulate new activity.

Source: AI-verified profile updated from Øyvind Eriksen's recent appearances. Browse all interviews →

Transcript (4 segments)

Øyvind Eriksen1:14

August missions and stuff. No means perfect harmony. I like their comics. We believe the item of the year is coming to an end. This time to reflect what we have achieved in 2012 and then turn our attention to our solutions. In 2012, we can mention that revenues are up more than 32%, profit up a little more than 2,800 new employees, and the share price which has nearly doubled since January is also having more exciting figures reported by other solutions at this manner. So why don't you give yourself a pat on the back?

I'm glad that someone who subscribed to our solution shares back in June, because the recent all-time high is really something. Since you've got your shares, the share prices are approximately 50% higher. We have just spotted so much for 2012. To measure by videos, well...

Actually, what makes me even more proud is the World Economic Forum and the positive outlook. Even as we speak, you're working on projects raising the bar for the entire offshore oil and gas industry. The list is exposed. The different aspects should then show one project alone. It must be a style of execution by the subsea engineering and business areas jointly with others as we customize. That project has been verified recently by prestigious innovation and engineering awards, confirming the spotlighted accolades and taking the pole position in that market. Signal congratulations. That is a badge of honor.

I've been traveling a lot, and everywhere I go we meet customers. And believe me, they have never been more curious about what's going on in our lives. Or even in this heated market, we get more and more happy. Not because our performance is always perfect, but because we're living our core values, taking a partnership approach. You haven't heard customers? And how we deal with challenges with encouraging feedback is an immediate consequence of our organizing our key solutions closer to the markets and closer to the customers. The freedoms are the key facilities. So let's see what some of our colleagues all around the world everything.