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S&P Global Ratings Upgrades Aker BP To BBB-, Stable Outlook
Maersk Drilling Secures Contract Extension Offshore Norway
Aker BP says not in a hurry to resolve NOAKA development plans
Aker BP ASA, formerly Det norske Oljeselskap ASA, is a Norway-based oil company engaged in the exploration, development and production of petroleum resources on the Norwegian continental shelf, including the North Sea, the Norwegian Sea and the Barents Sea. The Company has production assets in Alvheim, Hod, Vilje, Boyla, Volund, Valhall, Ula, Tambar, Atla, Enoch, Varg, Skarv, Jotun, Jette, among others. The Company works on various development projects, such as Ivar Aasen, Gina Krog and Johan Sverdrup. The Company operates domestically through number of branch offices in Trondheim, Stavanger, Harstad and Sandnessjoen. The Company operates primarily in the mature areas of the North Sea. The remaining resources are invested primarily in the Barents Sea and in the more immature areas in the North Sea.
Oil & Gas Operations
Building B, Oksenoyveien 10
Chairman of the Board
Karl Johnny Hersvik
Chief Executive Officer
Anne Marie Cannon
Deputy Chairman of the Board
David Torvik Tonne
Chief Financial Officer
Senior Vice President Operations & Asset Development
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* Sverdrup field comes on stream ahead of schedule (Adds output detail, dividend, share price)
* Q2 net income $62 mln vs $128 mln a year ago (Adds comment on Sverdrup field, share)
* Aker BP controlled by Norwegian billionaire Kjell Inge Roekke
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.
* Plans to pay $750 mln in dividend in 2019 (Adds details, comment)
Aker BP posted a smaller-than-expected increase in fourth-quarter earnings on Wednesday and raised its dividend amid strong cash from output growth and higher oil price.
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.
* Graphic: https://tmsnrt.rs/2AJTLJZ (Adds analysts, CFO, exploration head)
Norway's Aker BP will increase its dividend payments between now and 2023 and will step up its investment spending in developing oil and gas fields offshore Norway next year, the independent oil company said on Thursday.
Pandion Energy has acquired a 30 percent stake in production license 842 in the Norwegian Sea from Aker BP <AKERBP.OL>, the Oslo-headquartered company said on Monday.
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.
Norway's Aker BP beat third-quarter operating profit forecasts on Friday helped by higher oil prices and trimmed its plans for capital and exploration spending.
Aker BP's third-quarter operating profit rose more than expected, helped by a boom in oil prices, the Norwegian oil firm said on Friday, while reducing planned capital and exploration spending.
Maersk Drilling and Aker BP have signed a one-year contract to deploy the Maersk Integrator jack-up rig off Norway from June 2019, Aker BP said in a statement on Thursday.
Norway's independent oil firm Aker BP <AKERBP.OL> has agreed to buy stakes in 11 production licenses off Norway from French Total <TOTF.PA> for a cash consideration of $205 million, the company said on Tuesday.
Investment firm Aker, controlled by billionaire Kjell Inge Roekke, expects to pay higher dividends as the value of its energy-heavy portfolio rise, CEO Oevind Eriksen told Reuters on Wednesday.
A four-day oil workers' strike in Norway that may escalate on Monday would have to last a month to impact Aker BP's production from the Valhall field in the North Sea, the Norwegian energy company said.
Norway's Aker BP will pay out $450 million in dividends for 2018, $100 million more than previously indicated, and has "a clear ambition" to raise them by the same amount each year to 2021, the oil company said on Monday.
Norway's Aker BP will increase dividends for 2018 by $100 million to $450 million, and has "a clear ambition" to grow dividends further by the same amount each year to 2021, the oil company said on Monday.
* AKER BP ASA PRODUCED 135.6 THOUSAND BARRELS OF OIL EQUIVALENTS PER DAY («MBOEPD») IN Q4 2017
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