The cost of Aker BP's major ongoing oil and gas development projects, Yggdrasil and Valhall-Fenris, has risen by 9.8% and 23%, respectively, from nominal estimates a year ago, data from the government's fiscal budget showed on Wednesday.The…
Polish energy group Orlen aims to double production from its operations on the Norwegian continental shelf, one of its growth areas, through exploration and acquisitions, its upstream chief told Reuters.Wieslaw Prugar in an interview on the…
Norway's government will on Monday ask the country's supreme court to overturn a ruling by lower-court judges that found three oilfield development permits invalid due to a lack of climate considerations.The case pits environmental groups against Norway's oil industry…
The Hugin B platform topside has left Aker Solutions’ yard in Verdal for the Yggdrasil area, completing a three-and-a-half-year portfolio of major offshore project deliveries for Aker BP.The topside sailed on July 6, marking the final delivery…
Equinor and Aker BP have agreed to swap stakes in several oil and gas fields offshore Norway, as part of a strategic collaboration aimed at increasing production and value creation across selected areas.The companies said the agreement focuses initially on the Troll-Fram…
Aker Solutions has secured a major five-year framework agreement with Aker BP for maintenance, modification and operation (MMO) services covering the operator’s key assets on the Norwegian Continental Shelf, including the Yggdrasil area.The agreement…
The cost of Aker BP's major ongoing oil and gas development projects, Yggdrasil and Valhall-Fenris, has risen by 32% and 25% respectively from nominal estimates a year ago, Norway's budget proposal showed on Wednesday.The Yggdrasil project,…
A Norwegian appeals court ruled in favour of environmentalists and against the government on Friday by confirming a lower court's decision that the energy ministry's approval of the development of three offshore oil and gas fields was invalid…
Aker BP and its partners have drilled a well in the Yggdrasil area in the North Sea, which proved to be dry.The well 30/11-16 S, or ‘Natrudstilen’, was drilled in production license 873, just over one kilometer east of Fulla and 155 kilometers west of Bergen…
Aker BP, Norway's second-largest listed oil company, posted on Wednesday a slightly higher-than-expected core profit for the third quarter and increased its 2025 production guidance.Its earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to $2…
Subsea software-as-a-service provider Elementz Digital has announced a new accelerator program for subsea AI development.The program is backed by Elementz Digital’s strategic advisory board which was formed in May this year and includes representatives…
Aker BP has completed the Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area.The recoverable volume is estimated at 96–134 million barrels of oil equivalent (mmboe)…
In Norway, made rich by oil and gas, the idea of shutting fields sends chills, but that is exactly what the small Green Party is pushing as a global switch away from fossil fuels looms.And it's a demand with greater meaning after Monday's election…
Danish power cable maker and services provider NKT has completed the first installation campaign Norway to connect Aker BP-operated Yggdrasil offshore oil and gas area to shore.NKT said the first installation campaign in the Norwegian fjords and in the North Sea has been completed…
Offshore accommodation rig firm Floatel International has secured firm contract with an undisclosed client North Sea client for Floatel Superior.Floatel Superior will provide services in the second quarter of 2026 under the three-month contract…
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