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.
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 company Aker BP set an output record in the fourth quarter, with oil volumes increasing considerably compared to the preceding quarter. A new massive Norwegian field contributed to the improvement.
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.
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.
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.
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.