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Aker BP ASA (AKERBP.OL)

AKERBP.OL on Oslo Stock Exchange

244.70NOK
24 Jun 2019
Change (% chg)

kr-2.30 (-0.93%)
Prev Close
kr247.00
Open
kr251.00
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kr255.30
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kr244.30
Volume
738,471
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795,324
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kr355.00
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Latest Key Developments (Source: Significant Developments)

Aker BP Says Size Of Offering Of 4.75% Senior Notes Has Been Increased From $500 Mln To $750 Mln
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Aker BP ASA ::ANNOUNCES PRICING OF SENIOR NOTES OFFERING.PRICED ITS OFFERING OF $750 MILLION AGGREGATE PRINCIPAL AMOUNT OF 4.75% SENIOR NOTES DUE 2024 AT PAR.SAYS SIZE OF OFFERING HAS BEEN INCREASED FROM $500 MILLION, INDICATED AT LAUNCH ON JUNE 10, 2019, TO $750 MILLION..SAYS INTEREST WILL BE PAYABLE SEMI-ANNUALLY.  Full Article

Aker BP's Q1 net production 158,700 boe/day
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Aker BP ASA ::AKER BP'S NET PRODUCTION IN Q1 2019 WAS 158.7 MBOEPD AND NET SOLD VOLUME WAS 162.0 MBOEPD.COMPANY EXPECTS TO MAKE AN IMPAIRMENT CHARGE IN Q1 2019 OF APPROXIMATELY USD 70 MILLION RELATED TO TECHNICAL GOODWILL.AS THERE IS NO DEFERRED TAX ASSOCIATED WITH TECHNICAL GOODWILL, EFFECTIVE TAX RATE FOR Q1 IS EXPECTED TO BE HIGHER THAN NORMAL DUE TO THIS IMPAIRMENT.DUE TO AN INCREASE IN OIL PRICES IN Q1, COMPANY'S OIL HEDGING POSITIONS INCURRED A COST OF APPROXIMATELY USD 26 MILLION, WHICH WILL BE CHARGED TO OTHER INCOME FOR Q1.  Full Article

Aker BP expects deal with Equinor on NOAKA concept by summer
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Aker BP ASA ::AKER BP CEO SAYS EXPECTS TO REACH AGREEMENT WITH EQUINOR OVER NOAKA DEVELOPMENT CONCEPT BY SUMMER.AKER BP CEO SEES TOTAL NOAKA PROJECT COSTS AT AROUND NOK 45 BILLION.AKER BP CEO SAYS NOAKA DEVELOPMENT COULD START PRODUCTION AT EARLIEST IN 2022 OR 2023 IF DECISION ON CONCEPT SELECTION IS MADE IN 2019.  Full Article

Aker BP CFO to join Aker ASA
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Aker Bp Asa ::DAVID TORVIK TØNNE AND LENE LANDØY JOIN EXECUTIVE MANAGEMENT TEAM OF AKER BP.ALEXANDER KRANE, WHO IS CURRENTLY CFO OF AKER BP, WILL MOVE TO A POSITION AS INVESTMENT DIRECTOR AT AKER ASA.AKER BP IS REORGANIZING ITS FINANCE FUNCTIONS. DAVID TORVIK TØNNE BECOMES NEW CFO, WHILE LENE LANDØY BECOMES DIRECTOR WITH RESPONSIBILITY FOR STRATEGY AND BUSINESS DEVELOPMENT.  Full Article

Aker BP says to cut production cost, significantly raise dividend
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Aker BP ASA ::PROFITABLE GROWTH AND INCREASING DIVIDENDS.AKER BP IN A GOOD POSITION TO RAISE ITS GROWTH AMBITION TO ORGANICALLY TRIPLE ITS PRODUCTION BY 2025, TO CUT PRODUCTION COSTS FROM USD 12 TO USD 7 PER BARREL AND TO SIGNIFICANTLY INCREASE DIVIDEND PAYMENTS TO SHAREHOLDERS.AKER BP 2019 GUIDANCE: AKER BP PLANS TO PARTICIPATE IN 15 EXPLORATION WELLS, TARGETING 500 MMBOE OF NET PROSPECTIVE RESOURCES.POTENTIAL TO TRIPLE PRODUCTION BY 2025 BASED ON EXISTING PORTFOLIO.TARGETING PRODUCTION COSTS OF USD 7 PER BARREL IN 2023.AKER BP 2019 GUIDANCE: BOARD PROPOSES DIVIDENDS FOR 2019 OF USD 750 MILLION, UP FROM USD 450 MILLION IN 2018, WITH AN AMBITION TO INCREASE DIVIDEND PAYMENTS BY USD 100 MILLION PER YEAR TO 2023.BOARD PROPOSES DIVIDENDS FOR 2019 OF USD 750 MILLION, UP FROM USD 450 MILLION IN 2018, WITH AN AMBITION TO INCREASE DIVIDEND PAYMENTS BY USD 100 MILLION PER YEAR TO 2023.HIGH-POTENTIAL 2019 EXPLORATION PROGRAM WITH 15 PROSPECTS TO BE DRILLED, TARGETING NET UNRISKED PROSPECTIVE RESOURCES OF 500 MILLION BARRELS OF OIL EQUIVALENTS ("MMBOE").INCREASED RESERVES (2P) TO 917 MMBOE, DRIVEN BY CONVERSION OF RESOURCES TO RESERVES.AKER BP 2019 GUIDANCE: SIGNIFICANT RESOURCE ADDITIONS IN ALVHEIM CAN INCREASE PRODUCTION TOWARDS 2023.INCREASED CONTINGENT RESOURCES (2C) TO 946 MMBOE, DRIVEN BY ACQUISITIONS AND DISCOVERIES.AKER BP 2019 GUIDANCE: SANCTIONED AND NON-SANCTIONED PROJECTS WILL CONTRIBUTE TO DOUBLE VALHALL PRODUCTION COMPARED TO 2018.  Full Article

Aker BP completes $250 mln acquisition of oilfield stake from Equinor
Friday, 28 Dec 2018 

Dec 28 (Reuters) - Aker BP ASA ::$250 MLN ACQUISITION OF KING LEAR FROM EQUINOR COMPLETED.ALL CLOSING CONDITIONS HAVE BEEN FULFILLED, AND CLOSING OF TRANSACTION HAS NOW TAKEN PLACE.  Full Article

Pareto Securities cuts Equinor to sell from buy, target to NOK 170 from 300
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Equinor ASA ::EQUINOR: PARETO SECURITIES CUTS TO SELL FROM BUY, CUTS SHARE PRICE TARGET TO NOK 170 FROM NOK 300.SHOULD BE SEEN IN LIGHT OF DOWNGRADE OF OIL PRICE FORECAST FOR NEXT YEAR; CRUDE IS EXPECTED TO FALL A LITTLE FURTHER FROM CURRENT LEVEL BEFORE IT TURNS IN THE SECOND QUARTER, PARETO ANALYST TOM ERIK KRISTIANSEN SAID.PARETO CUTS 2019 BRENT OIL PRICE FORECAST TO $71/BARREL FROM $80.AKER BP: PARETO SECURITIES CUTS SHARE PRICE TARGET TO NOK 300 FROM NOK 325, MAINTAINS BUY.PARETO EXPECTS AKER BP TO GENERATE STRONG CASH FLOW, INCREASED BY JOHAN SVERDRUP FIELD COMING ON STREAM NEXT YEAR, AND STRONG DIVIDEND YIELD.PARETO IS ALSO EXPECTING GOOD OPERATIONAL PERFORMANCE BY AKER BP, AND IS 6 PCT ABOVE CONSENSUS ON 2019 PRODUCTION, KRISTIANSEN SAID.Further company coverage: EQNR.OLAKERBP.OL.  Full Article

Aker BP's drilling chief bought 7,000 shares
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Aker BP ASA ::A COMPANY CONTROLLED BY TOMMY SIGMUNDSTAD (SVP DRILLING AND WELL IN AKER BP), TODAY ACQUIRED 7,000 SHARES IN AKER BP AT A PRICE OF NOK 289.60.  Full Article

Aker BP Q3 operating profit above forecast, keeps 2018 production outlook
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Aker BP ASA ::AKER BP Q3 OPERATING REVENUES $1,000 MILLION (REUTERS POLL $969 MILLION).AKER BP Q3 NET RESULT $125 MILLION (REUTERS POLL $128 MILLION).AKER BP Q3 OPERATING PROFIT $548 MILLION (REUTERS POLL $521 MILLION).COMPANY STILL EXPECTS FULL-YEAR PRODUCTION TO BE WITHIN PREVIOUSLY COMMUNICATED RANGE OF 155-160 MBOEPD.COMPANY'S CAPEX ESTIMATE FOR 2018 HAS BEEN REDUCED FROM AROUND USD 1.3 BILLION TO AROUND USD 1.25 BILLION.AKER BP KEEPS QUARTERLY DIVIDEND AT $0.3124 PER SHARE (REUTERS POLL $0.31).COMPANY'S ESTIMATED EXPLORATION SPEND FOR 2018 HAS BEEN REVISED DOWN TO USD 400 MILLION VERSUS PREVIOUS USD 425 MILLION.AKER BP SEES 2018 ABANDONMENT COSTS AT $250 MILLION PREVIOUS GUIDANCE $250 MILLION.FOR THE FULL YEAR 2018, THE COMPANY MAINTAINS ITS ESTIMATE OF PRODUCTION COSTS OF AROUND 12 USD/BOE.ODA ON TRACK FOR PRODUCTION START IN Q2 2019.AT THE END OF THE THIRD QUARTER, APPROXIMATELY 93 PERCENT OF JOHAN SVERDRUP PHASE 1 FACILITIES WERE COMPLETE.  Full Article

Aker BP's Q3 production drops to 150,600 barrels of oil equivalents per day
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Aker BP ASA ::AKERBP: THIRD QUARTER 2018 PRODUCTION.PRODUCED 150.6 THOUSAND BARRELS OF OIL EQUIVALENTS PER DAY (MBOED) IN Q3 2018 VS 157.8 MBOED IN Q2 2018.SOME OF PRODUCTION GROWTH THAT WAS EXPECTED FROM VALHALL IN Q3 HAS BEEN MOVED TO COMING QUARTERS.  Full Article

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Exxon Mobil seeks bids for Norwegian offshore assets

OSLO Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.