ACC |
Aker Carbon Capture |
ACH |
Aker Clean Hydrogen |
AIM |
Asset Integrity Management |
AKSO |
Aker Solutions' ticker at the Oslo Stock Exchange |
ANSI |
American National Standards Institute |
AOA |
Angolan Kwanza (Currency) |
AOW |
Aker Offshore Wind |
APAC |
Asia Pacific |
API |
American Petroleum Institute |
AVP |
Approved Vendor List |
BIC |
Business Integrity and Compliance |
BOD |
Board of Directors |
BRL |
Brazilian Real (Currency) |
CAPEX |
Capital Expenditure |
CCO |
Chief Compliance Officer |
CCUS |
Carbon Capture, Utilization and Storage |
CDP |
Carbon Disclosure Project |
CEO |
Chief Executive Officer |
CERT |
Corporate Emergency Response Team |
CHARM |
Chemical Hazard Assessment and Risk Management |
CO2 |
Carbon Dioxide |
CO2e |
Carbon Dioxide Equivalent |
COSO |
Committee of Sponsoring Organizations of the Treadway Commission |
CPI |
Corruptions Perception Index |
CRC |
Corporate Risk Committee |
CRN |
Country Risk Notification |
CSR |
Corporate Social Responsibility |
D&I |
Diversity and Inclusion |
DE&I |
Diversity, Equality and Inclusion |
EAC |
Energy Attribute Certificate |
EAP |
Employee Assistance Program |
EBIT |
Earnings Before Interest and Taxes |
EBITDA |
Earnings Before Interest, Taxes, Depreciation and Amortization |
EIA |
Environmental Impact Assessment |
EMEA |
Europe, Middle East and Africa |
EMM |
Electrification, Maintenance and Modifications |
EMS |
Enterprise Management System |
EMT |
Executive Management Team |
EOR |
Enhanced Oil Recovery |
EPCI |
Engineering, Procurement, Construction and Installation |
EPS |
Earnings Per Share |
ERC |
Enterprise Risk Committee |
ERM |
Enterprise Risk Management |
ERT |
Emergency Response Team |
ESG |
Environmental, Social and Governance |
ESP |
Employee Share Purchase Program |
EU |
European Union |
EUR |
Euro (Currency) |
EVP |
Executive Vice President |
FA |
Frame Agreement |
FEED |
Front-End Engineering and Design |
FPSO |
Floating Production, Storage and Offloading Vessel |
GBP |
Great British Pound (Currency) |
GBS |
Gravity-Based Structure |
GHG |
Greenhouse Gas |
GO |
Guarantee of Origin |
GRI |
Global Reporting Initiative |
GSOC |
Global Security Operations Center |
GWC |
Global Works Council |
HAZID |
Hazard Identification Study |
HAZOP |
Hazard and Operability Study |
HSSE |
Health, Safety, Security and Environment |
HVDC |
High-Voltage, Direct Current |
IBA |
Important Bird Area |
ICFR |
Internal Controls over Financial Reporting |
IDD |
Integrity Due Diligence |
IEA |
International Energy Agency |
IFRS |
International Financial Reporting Standards |
ILO |
International Labor Organization |
IOGP |
International Association of Oil and Gas Producers |
IOR |
Increased Oil Recovery |
IPIECA |
International Petroleum Industry Environmental Conservation Association |
IR |
Investor Relations |
I-REC |
International Renewable Energy Certificate |
ISO |
International Standards Organization |
IT |
Information Technology |
ITB |
Invitation to Bid |
ITT |
Invitation to Tender |
IWOCS |
Intervention and Workover Control System |
JIP |
Joint Industry Program |
JSA |
Job Safety Analysis |
JV |
Joint Venture |
KAM |
Key Account Manager |
KPI |
Key Performance Indicator |
KVA |
Kilovolt-Ampere |
LARS |
Launch and Recovery System |
LCA |
Lifecycle Assessment |
LCI |
Life Cycle Information |
LDs |
Liquidated Damages |
LINCCS |
Linking Carbon Capture and Storage |
LMS |
Learning Management System |
LNG |
Liquefied Natural Gas |
LOI |
Letter of Intent |
LTI |
Lost Time Incident |
LTIF |
Lost Time Incident Frequency |
MBOE |
Million Barrels of Oil Equivalent |
MIPS |
Method Integrated Project System |
MSP |
Major Subsea Projects |
MVA |
Megavolt-Ampere |
MWH |
Megawatt hours |
NCGB |
Norwegian Corporate Governance Board |
NCS |
Norwegian Continental Shelf |
NGO |
Non-Governmental Organization |
NIST |
National Institute of Standards and Technology |
NOC |
National Oil Companies |
NOIA |
National Ocean Industries Association |
NOK |
Norwegian Krone (Currency) |
OCI |
Other Comprehensive Income |
OPEX |
Operating Expenses |
P&O |
People and Organization |
P&T |
Performance and Transformation |
PEM |
Project Execution Model |
PPA |
Power Purchase Agreement |
PPE |
Personal Protective Equipment |
Q&CI |
Quality and Continuous Improvement |
QVL |
Qualified Vendor List |
R&D |
Research and Development |
REC |
Renewable Energy Certificate |
SBT |
Science-based Target |
SBTi |
Science Based Targets initiative |
SDG |
Sustainable Development Goals |
SIF |
Serious Incident Frequency |
SLS |
Subsea Lifecyle Services |
SVP |
Senior Vice President |
TCFD |
Task Force on Climate-Related Financial Disclosures |
TCO |
Total Cost of Ownership |
TES |
Tender and Execution Safeguarding |
TLP |
Tension-Leg Platform |
TRG |
The Resource Group |
TRIF |
Total Recordable Incident Frequency |
TRL |
Technology Readiness Level |
UK |
United Kingdom |
UN |
United Nations |
UNSPSC |
United Nations Standard Products and Services Code |
U.S. |
United States |
USD |
United States Dollar (Currency) |
WACC |
Weighted Average Cost of Capital |
WEC |
Working Environment Committee |
WTW |
Wheel to Wheel |