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Aker BP ASA (AKERBP.OL)

AKERBP.OL on Oslo Stock Exchange

230.40NOK
22 Jan 2018
Change (% chg)

kr4.00 (+1.77%)
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Latest Key Developments (Source: Significant Developments)

Aker BP sees 2019 Capital spending similar to 2018
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Aker Bp Asa ::AKER BP CFO ALEXANDER KRANE SEES 2019 CAPITAL SPENDING "PERHAPS NOT TOO FAR AWAY FROM WHERE WE ARE TODAY".AKER BP CFO SAYS DECOMMISSIONING COSTS ARE EXPECTED TO GO DOWN, WHILE EXPLORATION SPENDING DEPENDED ON DRILLING RESULTS THIS YEAR.  Full Article

Aker BP CEO says more M&A could further boost dividend
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Aker BP ASA's : CEO Karl Johnny Hersvik said on Monday::COMPANY IS TARGETING FURTHER SELECTIVE M&A GROWTH TO INCREASE SHAREHOLDER VALUE "AND, IF POSSIBLE, TO INCREASE THE DIVIDENDS".  Full Article

Oil firm Aker BP completes takeover of Hess' Norway unit
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Aker Bp Asa ::ACQUISITION OF HESS NORGE COMPLETED.‍ALL CLOSING CONDITIONS HAVE BEEN FULFILLED, AND CLOSING OF TRANSACTION TOOK PLACE ON 22 DECEMBER 2017​.  Full Article

Odfjell Drilling wins $105 mln Aker BP rig contract
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Odfjell Drilling Ltd ::‍FIRST CALL-OFF UNDER AKER BP ALLIANCE HAS BEEN RECEIVED TODAY​.COVERS A 12 MONTHS CONTRACT FOR DEEPSEA STAVANGER AND WILL START AS SOON AS UNIT RETURNS TO NORWAY AFTER ITS CONTRACT WITH TOTAL IN SOUTH AFRICA, EXPECTED TO BE IN Q2 2019​.‍FIRM CONTRACT VALUE IS APPROXIMATELY USD 105 MILLION EXCLUDING POTENTIAL PERFORMANCE BONUSES​.  Full Article

Aker BP buys 17 pct in Fishbones AS, to increase oil recovery
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Aker Bp Asa ::AKER BP BUYS 17 PERCENT STAKE IN FISHBONES AS, AN UNCONVENTIONAL STIMULATION TECHNOLOGY APPLIED TO INCREASE THE PRODUCTION RATES IN TIGHT RESERVOIRS.AKER BP SEES A POTENTIAL FOR SUBSTANTIAL COST SAVINGS AND POTENTIAL FOR INCREASED RECOVERY BY USING THIS METHOD. THE TECHNOLOGY WILL INITIALLY BE APPLIED AT THE VALHALL FIELD.SUBSEQUENT TO AKER BP INVESTING IN FISHBONES, STATOIL TECHNOLOGY INVEST AS HOLDS A 25 PERCENT STAKE IN THE COMPANY AND FREYER HOLDING AS HOLDS 51 PERCENT. AKER BP WILL HAVE ONE SEAT IN THE BOARD OF DIRECTORS OF THE COMPANY.  Full Article

Aker BP awards Kvaerner contract close to $119 mln in value
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Kvaerner Asa ::REG-KVÆRNER ASA: KVAERNER AWARDED CONTRACT FOR VALHALL FLANK WEST.‍TODAY, AKER BP HAS AWARDED KVAERNER A CONTRACT FOR DELIVERY OF TOPSIDE AND STEEL JACKET SUBSTRUCTURE FOR VALHALL FLANK WEST​.‍CONTRACT HAS A VALUE OF CLOSE TO 1 BILLION NORWEGIAN CROWNS ($119.40 million) FOR KVAERNER​.‍THIS IS FIRST PROJECT IN WELLHEAD PLATFORM ALLIANCE, WHICH WAS ESTABLISHED IN SPRING OF 2017 BETWEEN AKER BP, KVAERNER, ABB AND AKER SOLUTIONS​.  Full Article

Subsea 7 wins "sizeable" Aker BP contract award
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Subsea 7 Sa ::SUBSEA 7 AWARDED CONTRACTS OFFSHORE NORWAY.‍AWARD OF TWO CONTRACTS FROM ALLIANCE PARTNER AKER BP IN NORWEGIAN NORTH SEA​.‍CONTRACTS ARE FOR SKOGUL PROJECT AND VALHALL FLANK WEST PROJECT, WHICH COLLECTIVELY ARE EQUIVALENT TO A SIZEABLE AWARD​.‍SUBSEA 7 DEFINES A SIZEABLE CONTRACT AS BEING BETWEEN USD 50 MILLION AND USD 150 MILLION​.‍SKOGUL PROJECT (PREVIOUSLY CALLED STORKLAKKEN) IS LOCATED 220 KM NORTHWEST OF STAVANGER. THIS EPCI PROJECT IS A LONG-DISTANCE TIE-BACK TO ALVHEIM FPSO​.‍VALHALL FLANK WEST EPCI PROJECT COMPRISES A 4 KM TIE-BACK TO VALHALL CENTRE INCLUDING AN UMBILICAL AND RISER SYSTEM​.‍OFFSHORE OPERATIONS WILL COMMENCE IN 2018 WITH COMPLETION IN 2019​.  Full Article

Aker BP restarts production on Tambar Field following Maersk Interceptor accident ​
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Aker Bp Asa ::PRODUCTION RESUMES ON TAMBAR.‍ON TUESDAY, PRODUCTION STARTED UP AGAIN ON TAMBAR FIELD FOLLOWING ACCIDENT ON MAERSK INTERCEPTOR ON 7 DECEMBER​.‍PETROLEUM SAFETY AUTHORITY NORWAY AND POLICE ARE INVESTIGATING ACCIDENT​.  Full Article

BRIEF-Subsea 7 wins "substantial" Aker BP gas field contract
Monday, 11 Dec 2017 

Repeats to additional readers:SUBSEA 7 AWARDED CONTRACT OFFSHORE NORWAY.‍AWARD OF A SUBSTANTIAL CONTRACT FROM AKER BP ON BEHALF OF SKARV UNIT FOR ÆRFUGL(PREVIOUSLY KNOWN AS SNADD) GAS FIELD DEVELOPMENT​.‍CONTRACT INCLUDES AN OPTION FOR ÆRFUGL PHASE 2 SCOPE, WHICH MAY BE EXERCISED BY AKER BP IN FUTURE.​.‍SUBSEA 7 DEFINES A SUBSTANTIAL CONTRACT AS BEING BETWEEN USD 150 MILLION AND USD 300 MILLION​.‍THIS EPCI CONTRACT IS A LONG-DISTANCE TIE-BACK INVOLVING APPLICATION OF SUBSEA 7'S ELECTRICALLY HEAT TRACED FLOWLINE (EHTF) TECHNOLOGY FOR 21 KM TIE-BACK TO SKARV FPSO​.‍PROJECT MANAGEMENT AND ENGINEERING WILL COMMENCE IMMEDIATELY AT SUBSEA 7'S OFFICES IN STAVANGER, NORWAY​.‍FABRICATION OF EHTF SYSTEM WILL TAKE PLACE AT SUBSEA 7'S SPOOLBASE AT VIGRA, NORWAY AND OFFSHORE OPERATIONS WILL TAKE PLACE IN 2019 AND 2020​.‍THIS IS A CONSIDERABLE EPCI CONTRACT WHICH IS OF SIGNIFICANT IMPORTANCE FOR SUBSEA 7​.  Full Article

Aker Solutions wins Aker BP field production systems deal
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS TO PROVIDE SUBSEA PRODUCTION SYSTEM FOR AKER BP'S ÆRFUGL.‍WAS AWARDED A CONTRACT FROM AKER BP TO DELIVER SUBSEA PRODUCTION SYSTEM FOR FIRST PHASE OF ÆRFUGL DEVELOPMENT OFFSHORE NORWAY​.‍AWARD WAS MADE ON BEHALF OF SKARV UNIT AND IS SUBJECT TO GOVERNMENT APPROVAL OF PLAN FOR DEVELOPMENT AND OPERATION (PDO) OF ÆRFUGL (PREVIOUSLY KNOWN AS SNADD)​.‍SUBSEA SYSTEM WILL INCLUDE WELLHEADS, VERTICAL SUBSEA TREES, A TIE-IN MODULE AND AN UMBILICAL RISER BASE. CONTRACT INCLUDES AN OPTION FOR ÆRFUGL PHASE 2.​.‍ÆRFUGL IS A GAS CONDENSATE FIELD ABOUT 210 KILOMETERS OFFSHORE SANDNESSJØEN IN NORWAY. IT WILL BE CONNECTED BACK TO SKARV FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL OPERATED BY AKER B​.‍ÆRFUGL IS A GAS CONDENSATE FIELD ABOUT 210 KILOMETERS OFFSHORE SANDNESSJØEN IN NORWAY. IT WILL BE CONNECTED BACK TO SKARV FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL OPERATED BY AKER BP​.‍FIRST PHASE OF ÆRFUGL INCLUDES THREE PRODUCTION WELLS AND IS SCHEDULED TO START IN Q4 OF 2020​.‍PARTIES AGREED TO NOT DISCLOSE FINANCIAL VALUE OF CONTRACT, WHICH WILL BE BOOKED IN FOURTH-QUARTER ORDERS​.  Full Article

UPDATE 1-Norway's Aker BP raises 2018 dividend forecast, more to come

OSLO, Jan 15 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.