Norwegian oil and gas company Aker BP has agreed to acquire Lundin Energy's oil and gas business, through a statutory merger, creating the second-largest oil and gas producer on the Norwegian Continental shelf.The transaction values the acquired assets to approximately NOK 125 billion (13…
BP and Aker said Wednesday there were exploring a potential block sale of some of the shares they hold in the Norwegian oil and gas producer Aker BP ASA, through a private placement.Aker and BP currently control approximately 40% and 30% of the shares outstanding in Aker BP…
Aker BP, the Norwegian oil and gas exploration and production company, has selected Hitachi Energy as a technology partner for the NOAKA power-from-shore project offshore Norway.The entire project, aimed at developing the so-called NOAKA oil…
Norwegian oil and gas company Aker BP has awarded Italy's Saipem an offshore drilling contract worth $325 million.Saipem said Thursday the operations under the three-year contract, to be carried out by the Scarabeo 8 semi-submersible drilling rig…
The Norwegian Ministry of Petroleum and Energy on Thursday approved Aker BP's plan for development and operation (PDO) for Kobra East & Gekko (KEG) project in the Alvheim area, offshore Norway. Aker BP as the operator, and its license partners…
Norwegian oil and gas company Aker BP has exercised a scope-based option to use Odfjell Drilling's Deepsea Nordkapp semi-submersible drilling rig to drill development wells at the recently approved Kobra East Gekko (KEG) project.Odfjell Drilling…
Danish offshore drilling company Maersk Drilling and Norway-based oil firm and Aker BP A have entered into a Heads of Agreement to renew and extend the frame agreement that establishes Maersk Drilling as Aker BP's the jack-up rig drilling partner…
Danish offshore oil and gas drilling company Maersk Drilling and the Norwegian oil company Aker BP have entered into a rig swap agreement .Under the agreement, the jack-up rig Maersk Reacher will be replaced by the low-emission jack-up rig Maersk…
The Modification Alliance – Aker Solutions and Aker BP have selected the Norwegian technology company Techouse to deliver the Sulphate Removal Unit (SRU) for the Valhall IP platform in the North Sea off Norway, after a FEED delivery in 2021…
Saudi Aramco has bought a 7.4% stake in Norwegian industrial software group Cognite from oil firm Aker BP, Cognite said on Wednesday.The price for the stake was 'around 1 billion Norwegian crowns,' or about $113 million, an Aker BP spokesperson told Reuters…
Norwegian oil company Aker BP has received consent from the Petroleum Safety Authority Norway to drill a pilot well in the North Sea, off Norway.Using Odfjell Drilling's Deepsea Nordkapp semi-submersible drilling rig, Aker BP will the pilot well 25/10-U-8…
Norwegian independent oil company Aker BP said on Thursday it planned to drill more exploration wells this year, after reporting a record operating profit for the final quarter of 2021 buoyed by higher petroleum prices.Its earnings before interest…
Norway's Aker BP is considering whether to increase gas exports from its Skarv field to take advantage of high prices that exceed those for oil, Chief Executive Karl Johnny Hersvik said on Thursday.Aker BP currently injects natural gas produced…
Norwegian oil and gas company Equinor has awarded Subsea 7 a front-end engineering and design (FEED) study for the marine installations associated with the Krafla development project, offshore Norway.The awarded work is required to finalize…
Subsea installation specialist Subsea 7 said Friday it had won a 'sizeable' contract with Aker BP for the Hanz field development located in the North Sea, offshore Norway. Subsea 7 defines a sizeable contract as being between $50 million and $150 million…
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