Norwegian oil company Aker BP posted a smaller-than-expected increase in fourth-quarter earnings due to higher production costs and lower oil prices, but raised its dividend.The company said on Wednesday earnings before interest and taxes rose…
Aker BP announced on Monday that it has completed the $205 million acquisition of Total E&P Norge's Norwegian continental shelf portfolio. Aker BP first announced the deal in July, and this week said all closing conditions have been fulfilled…
Offshore operator Spirit Energy announced Tuesday that it started oil production on the Oda field in the southern part of the Norwegian sector of the North Sea on March 16, nearly five months ahead of schedule.The Oda field, discovered by Spirit Energy in 2011…
Offshore driller Odfjell Drilling plans to recruit more than 200 personnel as it adds two new semisubmersible drilling rigs to its fleet.The Norwegian-headquartered company, which will mobilize the two sixth generation semisubmersibles for drilling…
Norwegian based Optime Subsea said it has been selected by Aker BP to provide well access system and services on the Norwegian continental shelf (NCS) for the next two years, with extension options.Aker BP will in the next two years use Optime…
Norwegian oil exploration and development company Aker BP has received consent for exploration drilling on the Volund field using the Deepsea Stavanger rig from the offshore safety body, the Petroleum Safety Authority (PSA).According to an official release from PSA…
Norway plans to expand the offshore oil and gas acreage offered to companies under its annual licensing round in so-called predefined areas (APA), oil minister Kjell-Boerge Freiberg said on Thursday.The 2019 APA round will offer 90 new blocks…
The fourth and final platform for the first phase of the giant Johan Sverdrup project offshore Norway is ready for sail-away from Kværner’s yard on Stord, to be transported about 140 kilometers west of Stavanger and installed in a single lift by specialist mega vessel Pioneering Spirit…
New solutions which could break the plugging and abandonment mold are making their presence felt on the Norwegian continental shelf.At some point in the future, plugging and abandonment operations (P&A) will be a regular and relatively unexciting activity for the offshore oil and gas industry…
Aker BP said it will become the first oil company in Norway to control operations of a permanently manned offshore platform from land from next year.Operating platforms remotely can be done with fewer staff than doing it offshore and other oil…
Aker BP ASA has exercised the first of eight one-month options to extend the charter of the tender support vessel (TSV) Safe Scandinavia, owner and operator Prosafe announced last week. The total value of the option is $4.5 million.In mid-August 2018…
Norwegian oil industry-focused investment firm Aker still sees mergers and acquisitions opportunities for its oil service firms, including Aker Solutions, its chief executive said on Thursday.Oeyvind Eriksen also told Reuters its independent oil firm Aker BP…
Aker BP on Wednesday said it has begun operating the permanently manned North Sea platform Ivar Aasen from an onshore control room in Trondheim, Norway.The Ivar Aasen platform was constructed with two identical control rooms – one on the platform…
The Norwegian seismic JV between GC Rieber and Rasmussengruppen GeoServices has won four Ocean Bottom Seismic (OBS) contracts by Aker BP and Equinor in Norway.Marine seismic specialist said in a press release that the contracts will fill backlog…
Norwegian oil company Aker said on Thursday that its exploration start-up in Ghana will submit development plans to Ghanaian authorities in March and the parent will then decide whether to sell stakes via an initial public offering or other means…
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