Core Insights - Aker Solutions has secured a five-year contract from Aker BP for maintenance, modification, and operation services on the Norwegian Continental Shelf, with a projected value between Nkr8bn ($841.32m) and Nkr12bn [1] - The contract includes options for two additional four-year extensions starting from March 1, 2026 [1] Group 1: Contract Details - The agreement covers multiple areas including Alvheim, Edvard Grieg, Ivar Aasen, Fenris, Skarv, Ula, Valhall, and the newly developed Yggdrasil area [2] - Aker Solutions aims to enhance project execution and delivery through a next-generation MMO alliance [2] Group 2: Technological Advancements - The project will set a new benchmark for remote operations and low-manned and unmanned production platforms, focusing on new technology and advanced methods to increase efficiency and reduce costs [3] - The alliance will utilize digital and AI-driven methodologies and implement a commercial model that incentivizes performance improvements [3] Group 3: Industry Impact - Aker BP emphasizes the need for a step change in productivity on the Norwegian Continental Shelf, which this alliance aims to deliver [4] - The project is expected to provide substantial local benefits, stimulating activity within the Norwegian industry [4] Group 4: Operational Aspects - Engineering and project management will take place in Stavanger, Sandnessjøen, and Mumbai, with fabrication work at Aker Solutions' facilities in Egersund and Sandnessjøen [5] - Offshore personnel will have work opportunities as part of this contract, which will be recorded as intake in the first quarter of 2026 under the Life Cycle segment [5]

Financial Performance - Aker Solutions reported revenues of Nkr16.7bn ($1.7bn) for Q4 2025, a 6% increase from Nkr15.7bn in Q4 2024 [1] - Full-year revenues reached Nkr63.2bn, marking a 19% year-on-year growth from Nkr53.2bn in 2024 [1] - The company achieved EBITDA of Nkr1.3bn with a margin of 7.9% in Q4, and for the full year, EBITDA stood at Nkr5.3bn with an 8.4% margin, compared to Nkr4.6bn and 8.7% in 2024 [1] Order Intake and Backlog - Aker Solutions secured order intake of Nkr19.6bn in Q4, bringing the full-year total to Nkr66.4bn [2] - The order backlog stood at Nkr64.8bn at year-end, providing visibility for future operations [2] Project Progress and Future Outlook - The company made significant progress on its Aker BP portfolio, delivering four topsides and jackets with a combined dry weight of about 90,000t [2] - Aker Solutions expects 2026 revenues between Nkr45bn and Nkr50bn, with EBITDA margins of 7.0% to 7.5% excluding SLB OneSubsea income [3] Strategic Agreements - In December 2025, Aker Solutions signed a six-year frame agreement with ConocoPhillips Skandinavia for brownfield maintenance and modification services at the Eldfisk and Ekofisk oil and gas fields offshore Norway [4] Joint Venture Performance - Aker Solutions' 20%-owned joint venture SLB OneSubsea reported revenues of $3.8bn for 2025 with an EBITDA margin of 19.4%, distributing $412m in dividends to shareholders [3]

Industry Overview - The deep-sea valve industry is critical for controlling fluid flow in deep-sea and seabed pipeline systems, requiring extreme reliability and longevity under high pressure, low temperature, and corrosive seawater conditions [1][3][4] - Deep-sea valves must operate without failure for 20-30 years under pressures exceeding 110 MPa (equivalent to 11,000 meters of water depth) [3][22] Technological Characteristics - The technology integrates multiple disciplines, including materials science, fluid mechanics, sealing technology, mechanical engineering, and underwater electrical communication [4][22] - Leading companies possess advanced design capabilities and comprehensive testing systems, which are essential for ensuring product reliability [5][23] - The integration of AIoT technology allows for predictive maintenance and operational optimization, marking a shift from hardware to hardware plus data services [5][23] Driving Factors - National strategies and industrial policies are the primary drivers of the deep-sea valve industry, with the "14th Five-Year Plan" emphasizing the importance of deep-sea equipment [6][24] - The demand for energy and resource security has created a pressing need for domestically produced deep-sea development equipment [6][26] - Advances in materials science and intelligent manufacturing technologies are providing the necessary impetus for industry breakthroughs [6][27] - New industrial scenarios, such as deep-sea mining and carbon capture, utilization, and storage (CCUS), are creating significant market opportunities [6][28] Development Trends - Future valves will incorporate various sensors, enabling early leak detection and lifecycle management through digital twin technology [9][29] - The trend is shifting towards fully electric actuation systems, which are simpler and more efficient than traditional hydraulic systems [10][30] - Modular and standardized designs will become prevalent to reduce costs and delivery times [10][31] - Advanced materials and manufacturing processes will be increasingly utilized to meet the extreme conditions of deep-sea environments [10][32] - A collaborative ecosystem among material suppliers, manufacturers, and research institutions will emerge, enhancing innovation across the industry [10][32]

As filed with the U.S. Securities and Exchange Commission on December 19, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EUPEC International Group Limited (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 1389 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Indus ...

Core Points - Aker Solutions has signed a six-year frame agreement with ConocoPhillips Skandinavia for brownfield maintenance and modification services at the Eldfisk and Ekofisk oil and gas fields offshore Norway, with options for two additional three-year extensions starting in January 2027 [1][3] - The contract is expected to create employment opportunities for offshore personnel, emphasizing the need for standardized and efficient solutions in the global offshore industry [2] - Aker Solutions considers the contract value substantial, with the final amount determined by the actual volume of work over the six-year period, and it has been booked as an order intake within its Life Cycle segment in the fourth quarter of this year [3] Additional Context - In June, Aker Solutions secured a two-year contract extension through its joint venture with Brunei's PTAS to provide offshore maintenance and modification services to Brunei Shell Petroleum, enhancing its presence in the South China Sea [4]

Summary of the J.P. Morgan Global Energy Conference 2025 Industry Overview - The conference focuses on the energy sector, particularly oil and gas, with discussions on macroeconomic factors, OPEC+ policies, and the future of LNG markets [1][2][3]. Key Points and Arguments Conference Details - The 10th annual J.P. Morgan Global Energy Conference will take place in London on November 3-4, 2025, featuring over 40 corporates from the energy value chain and prominent industry experts [1]. Oil Market Outlook - J.P. Morgan Commodities Research predicts Brent crude oil's fair value to decline below $60 per barrel in the coming year, with global supply/demand surpluses exceeding 2 million barrels per day [2]. - A keynote panel will discuss the implications of OPEC's new order and the transition in upstream oil and gas capital investment budgets due to market volatility [2]. Financial Performance of Major Oil Companies - European oil companies are currently valued near fair value, with an 8.4% forward free cash flow yield at $65 per barrel, which aligns with long-term averages [3]. - Dividends for these companies are secure down to $50 per barrel, with an expected average 20% reduction in total distributions in 2026 at $65 per barrel [3]. LNG Market Insights - The near-term LNG market remains tight, but there is a growing debate among investors regarding the acceleration of medium-term LNG capacity growth [10]. - Expert panels will assess the outlook for the European market and global LNG dynamics [10]. Technological and Geopolitical Influences - The conference will explore the impact of artificial intelligence and technological innovations on energy demand and solutions [11]. - Discussions will also address the interconnectedness of energy with geopolitical fluctuations and trade dynamics [4]. Midcap Equity Themes - The oilfield services (OFS) sector is expected to face its first global upstream capex contraction since 2019, with a projected decline of 1% [12]. - Investors are advised to focus on companies with advantageous exposures that can leverage current market strengths into healthy order intake [12]. Valuation Insights - The valuation sheets for European integrated oils indicate varying price-to-earnings (P/E) ratios and cash flow yields across major companies, with TotalEnergies and Shell showing strong cash yields [16][18]. - The sector's average cash yield is projected to be around 10.4% for 2025, with individual companies like TotalEnergies and Shell expected to yield 11.1% and 9.2%, respectively [18]. Future Projections - The conference will feature discussions on the petrochemicals cycle and its long-term influence on global oil markets, as well as insights into new oil and gas frontiers like Argentina's Vaca Muerta [11]. Additional Important Content - The conference will include discussions on the competitive advantages of major players in the LNG market and how they can capture premium value amid potential oversupply [3]. - The importance of dividend security and operational efficiency for exploration and production (E&P) companies is emphasized, as these factors are critical for attracting investors [12]. This summary encapsulates the key themes and insights from the J.P. Morgan Global Energy Conference 2025, highlighting the current state and future outlook of the energy sector.

Market Overview - Major U.S. index futures indicate a higher open on Friday, with stocks expected to rebound after previous session pressure [1] - Early buying interest is driven by positive earnings reports from Amazon and Apple [1] Company Earnings - Amazon shares surged by 13.0% in pre-market trading following better-than-expected Q3 results, particularly due to a significant increase in cloud computing revenue [2] - Apple also experienced notable pre-market strength after exceeding analyst estimates in its fiscal Q4 results and providing optimistic guidance for the current quarter [2] - Netflix announced a ten-for-one stock split, which may lead to an increase in its share price [3] - Exxon Mobil reported a year-over-year decline in Q3 earnings due to lower oil prices, potentially leading to initial weakness in its shares [3] - Meta Platforms saw a significant drop of 11.3% after reporting Q3 results that beat expectations but forecasted increased AI spending [5] - Microsoft shares fell by 2.9% despite exceeding fiscal Q1 estimates, citing accelerated capital spending growth [6] - Alphabet's shares rose by 2.5% after reporting Q3 results that surpassed expectations [6] - Eli Lilly's shares increased by 3.8% after reporting better-than-expected Q3 results and raising its full-year revenue guidance [7] Sector Performance - Software stocks declined sharply, influenced by Microsoft's slump, with the Dow Jones U.S. Software Index down by 2.2% [8] - Telecom stocks also faced considerable weakness, reflected by a 2.0% loss in the NYSE Arca North American Telecom Index [8] - Gold and pharmaceutical stocks performed strongly amid the overall market fluctuations [8] International Markets - Asian stocks ended mixed, with Japan's Nikkei reaching a record high due to a weaker yen and strong tech sector gains, while Chinese and Hong Kong markets retreated [10] - China's Shanghai Composite Index fell by 0.8% after a contraction in manufacturing activity, while Hong Kong's Hang Seng Index dropped by 1.4% following disappointing earnings from BYD [11][12] - The Nikkei 225 Index surged by 2.1%, driven by optimism in AI and fiscal stimulus [13] European Markets - European stocks drifted lower despite a slight easing in Eurozone inflation, with the harmonized index of consumer prices rising by 2.1% year-over-year in October [16][17] - The German DAX Index fell by 0.3%, while the U.K.'s FTSE 100 Index and the French CAC 40 Index both decreased by 0.2% [18]

Core Points - Aker Carbon Capture ASA has officially resolved to liquidate the company following an extraordinary general meeting held on October 17, 2025 [2][3] - The company, which began as a spin-off from Aker Solutions in 2020, had a market capitalization of approximately NOK 1 billion and a share price of NOK 1.7 per share at its inception [3] - Throughout its operation, Aker Carbon Capture ASA has returned approximately NOK 5.2 billion, or NOK 8.66 per share, to its shareholders, significantly exceeding the original IPO share price [3] Company Overview - The company was established in 2020 and focused on developing carbon capture technology [3] - It has engaged in significant transactions with SLB and Aker, contributing to its shareholder value [3] - The company will soon be deleted from the Norwegian Register of Business Enterprises following the liquidation resolution [2]

Core Insights - Schlumberger Limited (NYSE:SLB) is recognized as a strong dividend stock, with a recent contract win for its joint venture OneSubsea from Equinor for a subsea project in Norway [1] - The project involves the design, supply, and construction of a 12-well subsea system, marking a significant advancement in subsea technology [2][3] Project Details - OneSubsea has completed the design and investment choice after a year of planning with Equinor, which includes delivering four subsea structures and 12 fully electric subsea trees [2] - The Fram Sør project is noted as an industry breakthrough, being the first full-scale all-electric subsea production system, aimed at reducing emissions by utilizing onshore Norwegian power [3] Company Overview - SLB OneSubsea is a joint venture between Schlumberger Limited, Aker Solutions, and Subsea7, with headquarters in Oslo and Houston, employing around 10,000 staff globally [4]

Group 1 - Equinor ASA has awarded a sizeable EPCIC contract to Aker Solutions for the Fram Sør subsea development, marking a significant step in enhancing gas supply to Europe [1][2][9] - The contract value is estimated between NOK 0.5 billion and NOK 1.5 billion ($49-$150 million), with work already commenced and first production targeted for the end of 2029 [2][9] - The Fram Sør project will utilize existing infrastructure, with plans to develop 12 wells and additional slots for future development in the Fram/Troll area [3][5][9] Group 2 - Aker Solutions will lead the project execution from its Bergen office, with support from its Mumbai team, handling detailed engineering and procurement [4] - Equinor holds a 45% stake in the Fram Sør project, with Vår Energi and Inpex Idemitsu Norge holding 40% and 15% stakes, respectively [5]