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.
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.
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.