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Oil major Aker BP, owned by parties including BP and shipping investor Kjell Inge Røkke's Aker Group, has acquired 11 licenses on the Norwegian shelf from France's Total.
Norwegian Aker BP increased its profit after taxes to USD 136 million, shows the Q2 report. Increasing oil prices contributed.
Offshore shipping company Solstad Farstad has won contracts with several oil majors, including Aker BP and a former Maersk Oil company, now part of Total. The contracts indicate an improving market, says the company.
Oil production in the first quarter at Aker BP reached record levels, while the company's bottom line also grew in the period.
A comprehensive investigation of the fatal accident on the rig Maersk Interceptor reveals several violations of safety rules. More people could have been killed, says the Petroleum Safety Authority Norway.
Oil company Aker BP announces growth in the fourth quarter as well as for the full year. However, a fatal accident on a drilling platform took up a large part of CEO Johnny Hersvik's presentation of Q4, and the investigation into the accident is still ongoing, he says.
Players with insight into the drilling industry have told Danish media Børsen that at the end of 2017 Maersk was in talks with leading companies Aker ASA, Odfjell Drilling and Borr Drilling regarding a partnership with Maersk Drilling.
One of Norway's most lucrative oil fields will be fitted with an unmanned platform supplied by Kvaerner.
Oil company Aker BP has awarded Subsea 7 and Aker Solutions main contracts on the Ærfugl field. Subsea 7's contract alone is valued at USD 150-300 million.
More stable oil prices and reduced costs have made life easier at one of the world's largest oil and gas producers.
Just after announcing its acquisition of Hess Norway, oil company Aker BP has delivered a third-quarter result with a close to doubled bottom line of USD 112 million.
2017 has brought an entirely new concentration of owners of oil fields in the North Sea, which could put renewed pressure on costs and thus suppliers. Aker BP's costs need to be reduced further than the current USD 11 per barrel, CEO Karl Johnny Hersvik tells ShippingWatch.
The acquisition of Hess Norway has hardly sated the appetite for acquisitions at Aker BP, which is looking at new growth opportunities on the Norwegian shelf. The company is open to boosting its share in the giant Johan Sverdrup oil field, says CEO Karl Johnny Hersvik to ShippingWatch.
Aker BP has acquired Hess Norway for USD 2 billion, informs the company. The deal makes Aker BP sole owner of several fields which, according to the company, hold significant potential.
According to internal sources, BP has contacted potential buyers for its oil and gas fields in the North Sea, reports the Wall Street Journal. Asset managers are allegedly in the picture.
Aker Group, which covers six companies operating in oil and shipping and is owned by Kjell Inge Røkke, saw its value drop NOK 2.8 billion in the second quarter. Sliding share prices in Aker BP, Aker Solutions, and Kvaerner, in particular, dragged the group down. But the CEO is optimistic.
Oil and gas company Aker BP, which is less than a year old, makes significant gains in this year's second quarter with a net result of USD 60 million, shows the interim report Friday.
Aker Solutions and Subsea 7 will secure contracts after the oil company's third development application for a Norwegian field this year.
The shipowner, part of the Aker group, is taking over two supply vessels from BP Shipping for a triple-digit million dollar figure. The vessels are on long-term charter contracts with Aker BP.
Alongside firms such as DNV GL and the Kongsberg Group, Norway's Wilhelmsen will now launch a new maritime innovation center for the development of future solutions in shipping, CDO Inge André Sandvik tells ShippingWatch. He himself is new to the shipping industry.
Last year's merger of Det Norske and BP seems to have paid off. The resulting company, Aker BP, is now raking it in.
Aker Chair Kjell Inge Røkke thinks that Norwegian offshore families spent too much money on vessels at the wrong time. He writes this in a letter to shareholders in Aker Group, in which he praises John Fredriksen and airs the idea of selling off subsidiaries.
According to Aker BP, development of the major Johan Sverdrup oil field, which counts partners such as Statoil and Maersk Oil, has become even cheaper, thus pushing the break-even price for a barrel of oil down below USD 20 in the first phase.
The Barents Sea is home to just three out of 56 recently distributed oil licenses in the latest Norwegian licensing round, where Aker BP and/or Statoil are involved in 75 percent of all the tendered fields.
Newly established oil and gas giant Aker BP wants to be the biggest on the Norwegian shelf when it comes to exploring for new oil. Meanwhile, shareholders have been promised annual dividends of USD 250 million, which will be increased when Johan Sverdrup begins production.
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