Norwegian oil firm Aker BP has chartered a platform supply vessel from compatriot offshore vessel owner Eidesvik Offshore.Eidesvik Offshore said Wednesday that Aker BP had awarded it a contract for the 92,2-meters long Viking Lady offshore vessel under the framework agreement between the parties…
The Norwegian economy remains strong despite the sharp fall in the price of oil, Norway's biggest export, but it is too early to tell what the full impact will be from cheaper crude and the coronavirus, Finance Minister Jan Tore Sanner said on Monday…
Oil majors BP, Shell and Total want to connect some of their oil platforms to Norway's onshore power grid to reduce carbon emissions, BP said in a letter to the oil and energy ministry. Pressure has intensified on fossil fuel companies to curb…
Norway's Aker BP and Polish PGNiG have entered into an agreement to swap some of their respective offshore license interests in Norway. The deal will see Aker exit the Gina Krog field in the North Sea, but get hold of the recent Shrek discovery located near its Skarv FPSO in the Norwegian Sea…
The Norwegian offshore safety regulator PSA Norway has given its consent for Aker BP to use Odfjell Drilling's Deepsea Nordkapp drilling rig to drill at the Alvheim field, off Norway.The consent covers the use of the Deepsea Nordkapp semi-submersible…
Aker BP has tapped Aker Solutions and Subsea 7 to deliver and install subsea infrastructure for the second phase of the Ærfugl development offshore Norway.The Aker BP operated Ærfugl development is a subsea project being developed in two phases…
Norway's Aker BP fell short of its third-quarter oil and gas output target and will take an impairment charge of $80 million, it said on Monday, sending its shares down more than 4%.Daily output fell to 146,100 barrels of oil equivalents per day (boepd) in the July-September quarter period from 150…
Norway's Equinor has discovered a gas field in its Eagle prospect in the Norwegian Sea, the energy company said on Tuesday, adding that it plans to extract resources via existing platforms in the areaThe company discovered the gas field along with Norwegian partners Aker BP and Wellesley Petroleum…
Norwegian oil firm Aker BP has made an oil discovery off Norway which could strengthen its hand in negotiations with sometimes partner Equinor on how to develop fields.Aker BP, formed from a merger of BP's Norwegian oil assets and the Det norske oil firm controlled by billionaire Kjell-Inge Roekke…
The withdrawal from Norway’s offshore sector of ExxonMobil appears to be underway, and the development to some looks like the start of a pullout of “international oil majors” from a sector dominated by stately player, Equinor.True, ExxonMobil’s departure is symbolic…
ExxonMobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.Two years ago the U.S. major – the world's largest oil company – sold its operated assets in the area. But it has retained stakes in more than 20 other fields…
Norway’s offshore safety watchdog Petroleum Safety Authority (PSA) has given Aker BP consent to use the Maersk Interceptor mobile drilling facility for production drilling on the Ivar Aasen field offshore Norway.The safety agency said that the…
Norwegian oil and gas company Aker BP is switching emphasis from M&A towards exploration, taking a potentially riskier path to increase its resources after years when it has relied on acquisitions to add the bulk of its new barrels.The company…
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 has discovered an oil and gas reservoir while drilling near its Alvheim field in the North Sea, the Norwegian firm said on Monday.Known as Froskelaar (Frog's Leg) Main, the reservoir is estimated to hold between 45 million and 153 million barrels of oil equivalents…
