Norway-based energy services provider Aker Solutions has disclosed a new name for its consultancy arm alongside plans to boost its revenue and personnel by 50% over the next six years.
According to the Norwegian player, its consultancy business, launched in 2021, has been renamed Entr and plans to double its revenue and the number of employees worldwide, increasing from 300 to more than 600 workers by 2030.
In the last quarter, the consultancy was hired to complete more than 170 studies in various areas, including low-carbon solutions for oil and gas production, carbon capture, utilization, and storage (CCUS), hydrogen, offshore wind, electrical transmission, and aquaculture.
Aker Solutions’ CEO Kjetel Digre noted that his company decided to use its technical front-end engineering (FEED) experience to deliver greater value and impact to customers due to the rapid growth and evolution of new and emerging industries over the past five years.
“In the current energy landscape, many customers are exploring business models that are new to them, requiring insights on how these models relate to the overall project execution strategy,” said Digre.
“With our strong industrial and project delivery heritage, we have the experience, learnings and data needed to reduce the risk related to the commercial, regulatory, and technical aspects of energy projects, whilst ensuring safety and sustainability.”
Roddy Macpherson , Senior Vice President (SVP) of Entr, Aker Solutions, explained that his firm aims to help customers navigate the energy transition by simplifying their investment decisions and project implementation processes while minimizing emissions and costs.
Macpherson remarked: “With decades of insights gathered from executing landmark projects across the globe, Entr has the knowledge and industry expertise to link the commercial and the technical for maximum business impact.
“From strategy to implementation, we aim to accelerate the development of sustainable, low-carbon solutions, expanding our offer whilst continuing to deliver our renowned front-end engineering services.”
As Aker Solutions’ portfolio entails de-risking the commercial, technical, supply chain, and environmental, social, and governance (ESG) aspects of energy projects, the company intends to use the expertise gained in these areas to support customers in what it describes as an increasingly complex and fast-moving energy landscape.
The company’s joint venture (JV) with SLB and Subsea7 , OneSubsea , won two contracts in the North Sea recently, the first for the subsea scope of the Brasse field , and the second for a project to bolster gas infrastructure at Troll , an Equinor -operated field offshore Norway.
Additionally, the Norwegian firm has lately been engaged in decarbonization-related projects. In February, it won a contract to complete a feasibility study to reduce CO2 emissions from Equinor’s Mongstad refinery, while in March, it was selected as owner’s engineer for a hydrogen project in Scotland.