Read all the latest news about Aker BP. ShippingWatch gives you independent, credible, critical and fair news.

Aker companies improve results in second quarter

Aker Solutions announces its second-quarter results on Thursday, showing advancement for the company after being hit hard by the pandemic and oil price slump. Aker BP doubles operating income and predicts a strong future.

Hard-strained Aker BP returns to profit

Despite a still-severe slide in the oil and gas price, Aker BP turned its large million dollar deficit from the first quarter into a profit in the second quarter.

Norwegian oil competitors strike deal on next giant project

Aker BP and Equinor have struck a deal to develop the Noaka field in the North Sea, which contains half a billion barrels of oil equivalent and could become the next Johan Sverdrup. The agreement comes a few days after the industry secured better tax conditions.

Aker BP will announce redundancies after Easter

Following the announcement that investments will be reduced, employees at Aker BP will be informed how many must leave the company due to lower activity, among other things. This will happen after Easter, and suppliers will also be hit.

Oil companies support Prosafe merger – but authorities say no

Equinor, Aker BP and Total all see the advantages of a merger between Prosafe and Floatel. Each company is fragile on its own, according to a response that ShippingWatch has read via a right of access to documents. Norwegian authorities have rejected the merger.

Aker BP strikes high-grade North Sea oil

Oil company Aker BP has successfully located oil from its license number 442's ninth prospect drilling in the North Sea. The company has found oil of an extremely high-grade, the Norwegian Petroleum Directorate informs.

Aker BP's profit nearly halved

Oil company Aker BP exits the second quarter with a profit that is nearly half of what the company booked for the same period last year. Production is also down.

Norwegian oil group increases value by a third in first quarter

The oil sector's recovery has left a positive mark on the significant Aker group's parent company, Aker ASA, which in the first quarter increased its total value by 34.6 percent. The company's CEO emphasizes that overcapacity continues to plague the industry.

Aker BP weighed down by 96 percent tax

Despite a setback on both the top and bottom line in the first quarter, oil company Aker BP reports a result of almost USD 250 million. After taxes, though, there is not much left.

Aker BP reaches revenue of one billion dollars

Norwegian Aker BP achieved a revenue of one billion dollars in the third quarter and a combined result of USD 123 million after taxes, shows the interim report for the quarter. Rising oil and gas prices boosted the result.

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