Oil major BP and Norway's Aker said on Thursday they have jointly sold a 5% stake in Norwegian oil firm Aker BP, cutting their combined holding in the company to 65%.The 18.01 million shares were sold at 310 crowns each, a 10.2% discount to Wednesday's close…
Oil and gas firms in Norway have raised this year's investment forecasts as they seek to benefit from pandemic-era tax incentives intended to boost activity, a national statistics office (SSB) survey showed on Thursday.The biggest business sector in Norway now expects to invest 159…
Norwegian oil and gas company Aker BP has sanctioned the development of the Hanz discovery in the Norwegian part of the North Sea. 'The project has matured a solution involving reuse of existing infrastructure, which both strengthens project economics and minimizes the environmental footprint…
Sweden's Lundin Energy reported on Tuesday a bigger-than-expected rise in operating profit for the final quarter of 2021 amid a surge in the price of crude oil and natural gas.Lundin's earnings before interest and tax (EBIT) for October-December rose to $1…
The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for the wildcat well well 35/4-3 in the North Sea, offshore Norway.Located in the production license 685, the well will be drilled using Odfjell Drilling’s Deepsea Nordkapp semi-submersible drilling rig…
Rex International's subsidiary Lime Petroleum has completed its 20 percent farm-in to each of the respective licenses PL867 and PL867B Gjegnalunden in the Norwegian part of the North Sea from operator Aker BP.Lime now holds a 20 percent stake in each of the two licences…
No scientific medical basis exists for refusing to allow unvaccinated personnel to travel to offshore platforms in Norway, the Petroleum Safety Authority Norway said recently, citing a conclusion from the Rogaland county governor.'Some offshore…
Danish offshore drilling company Maersk Drilling has won a contract with TotalEnergies E&P Danmark for its jack-up drilling rig Maersk Reacher.TotalEnergies will use the Maersk Reacher for well intervention services in the Danish North Sea. The contract is expected to start in July 2022…
Equinor plans to invest 25-35 billion Norwegian crowns ($3-$4.2 billion) to develop the so-called NOAKA oil and gas fields with partners in the North Sea, it said on Friday.The NOAKA (North of Alvheim Krafla Askja) project is set to come on…
Kongsberg Maritime said Thursday it had successfully upgraded the safety and automation systems on Aker BP's Alvheim FPSO in Norway.Formerly a tanker named Odin, the vessel was converted into an FPSO in 2008 and renamed Alvheim in recognition of the oil field in which it operates…
Eidesvik Offshore, a Norwegian offshore support vessel owner, has signed a deal with oil firm Aker BP and Alma to investigate the possibility of using Alma's fuel cell technology to accelerate the transition to zero-emission shipping.Alma is…
Norwegian offshore oil and gas producer Aker BP on Wednesday awarded platform supply vessel contracts to vessel owners Solstad Offshore and Eidesvik Offshore.With Solstad Offshore, Aker BP signed a new contract for the platform supply vessel Far Solitaire…
Norwegian oil and gas company Aker BP has started production from the second phase of the Ærfugl field development in the Norwegian Sea. Karl Johnny Hersvik, Aker BP CEO said: 'Aker BP’s goal is to produce oil and gas with as low cost and emissions…
Norway has offered 28 companies ownership interests in a total of 53 offshore oil and gas production licences on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2021.Awards in predefined areas (APA) is an annual exploration round in the most mature areas on the Norwegian shelf…
Oil and gas company Lundin Energy has drilled a dry well at the Melstein prospect in the production licence 886, offshore Norway.The wildcat well has been drilled about 72 km east of the Ormen Lange field in the Norwegian Sea and 55 km northwest of Kristiansund…
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