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Aker BP ASA (AKERBP.OL)

AKERBP.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Aker BP Updates On Q4 2019 Trading
Thursday, 23 Jan 2020 

Jan 23 (Reuters) - Aker BP ASA ::FOURTH QUARTER 2019 TRADING UPDATE.NET PRODUCTION IN Q4 2019 WAS 191.1 THOUSAND BARRELS OF OIL EQUIVALENTS PER DAY.FOR YEAR 2019, COMPANY'S NET PRODUCTION AVERAGED 155.9 MBOEPD.CAPITALIZED INTEREST COST IN Q4 IS EXPECTED TO BE APPROXIMATELY USD 15 MILLION, COMPARED TO USD 44 MILLION IN PREVIOUS QUARTER.SHARE OF COMPANY'S INTEREST EXPENSES ALLOCATED TO DEVELOPMENT PROJECTS AND HENCE CAPITALIZED HAS BEEN SIGNIFICANTLY REDUCED.CAPITALIZED INTEREST COST IN Q4 IS EXPECTED TO BE APPROXIMATELY USD 15 MILLION.  Full Article

Aker Awarded 15 Licenses In APA 2019
Tuesday, 14 Jan 2020 

Jan 14 (Reuters) - Aker BP ASA ::AKER BP AWARDED 15 LICENSES IN APA 2019.OF 15 PRODUCTION LICENSES AWARDED TO AKER BP, 11 ARE LOCATED IN NORTH SEA (7 AS OPERATOR), 3 IN NORWEGIAN SEA (1 AS OPERATOR) AND 1 IN BARENTS SEA (AS OPERATOR).  Full Article

Aker BP ASA Announces Pricing Of Senior Notes Offering
Thursday, 9 Jan 2020 

Jan 8 (Reuters) - Aker BP ASA ::AKER BP ASA ANNOUNCES PRICING OF SENIOR NOTES OFFERING.AKER BP ASA-PRICED OFFERING OF $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF 3% SENIOR NOTES DUE 2025 AT PRICE EQUAL TO 99.696% OF AGGREGATE PRINCIPAL AMOUNT.AKER BP- PRICED OFFERING OF $1 BILLION AGGREGATE PRINCIPAL AMOUNT OF 3¾% SENIOR NOTES DUE 2030 AT PRICE EQUAL TO 99.802% OF AGGREGATE PRINCIPAL AMOUNT.  Full Article

Aker BP Announces Launch Of Offering Of Senior Notes
Wednesday, 8 Jan 2020 

Jan 8 (Reuters) - Aker BP ASA ::AKER BP ASA ANNOUNCES LAUNCH OF OFFERING OF FIVE YEAR AND/ OR TEN YEAR U.S. DOLLAR-DENOMINATED SENIOR NOTES.INTEREST RATE, OFFERING PRICE AND CERTAIN OTHER TERMS WILL BE DETERMINED AT TIME OF PRICING OF NOTES, SUBJECT TO MARKET CONDITIONS.INTENDS TO USE NET PROCEEDS TO PARTIALLY REPAY OUTSTANDING AMOUNTS UNDER CO'S REVOLVING CREDIT FACILITY, FOR GENERAL CORPORATE PURPOSES, AND TO PAY INITIAL PURCHASERS' DISCOUNT AND FEES AND EXPENSES RELATED TO OFFERING.  Full Article

Aker BP: Alliance Project Valhall Flank West Starts Production
Tuesday, 17 Dec 2019 

Dec 17 (Reuters) - Aker BP ASA ::ALLIANCE PROJECT VALHALL FLANK WEST STARTS PRODUCTION.AKER BP AND PARTNER PANDION ENERGY REPORT THAT FIRST OIL WAS PRODUCED FROM VALHALL FLANK WEST IN NORTH SEA.  Full Article

S&P Global Ratings Upgrades Aker BP To BBB-, Stable Outlook
Monday, 11 Nov 2019 

Nov 11 (Reuters) - Aker BP ASA ::S&P GLOBAL RATINGS UPGRADES AKER BP TO BBB- WITH STABLE OUTLOOK.  Full Article

Maersk Drilling Secures Contract Extension Offshore Norway
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - Maersk Drilling A/S ::MAERSK DRILLING SECURES ONE-WELL EXTENSION AND LOW-EMISSION UPGRADE FOR MAERSK INTEGRATOR.EXTENSION IS EXPECTED TO COMMENCE IN SEPTEMBER 2020, WITH AN EXPECTED DURATION OF 40 DAYS AND A CONTRACT VALUE OF USD 10.9M, EXCLUDING A POTENTIAL PERFORMANCE BONUS.HAS SECURED CONTRACT EXTENSION OFFSHORE NORWAY FOR ULTRA-HARSH ENVIRONMENT JACK-UP RIG MAERSK INTEGRATOR FROM AKER BP.  Full Article

Aker BP says not in a hurry to resolve NOAKA development plans
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - Aker BP ASA's : Chief Financial Officer David Torvik Toenne said on Tuesday::AKER BP COULD LOOK AT POTENTIAL SWAPS, FARM-INS OR FARM-OUTS IF NOT ABLE TO AGREE WITH EQUINOR ON TECHNICAL SOLUTION FOR NOAKA PROJECT.THERE IS NO DEADLINE FOR FINDING A SOLUTION FOR NOAKA DEVELOPMENT, "WE ARE NOT IN A RUSH".  Full Article

Aker BP's Valhall on verge of significant oil output growth in Q4 -CEO
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - Aker BP ASA said on Tuesday::AKER BP CEO SAYS VALHALL FIELD IS ON VERGE OF SIGNIFICANT PRODUCTION GROWTH DURING THE 4TH QUARTER, SEES FIRST OIL FROM VALHALL FLANK WEST BY YEAR-END.AKER BP CEO SAYS SAYS THE COMPANY PLANS TO TAKE FINAL INVESTMENT DECISION ON AERFUGL PHASE 2 DEVELOPMENT BY END-2019.AKER BP CEO SAYS SAYS HE EXPECTS CAPITAL SPENDING IN 2020 AT AROUND $1.6 BILLION, INCLUDING NOAKA PROJECT; IF NOAKA PROJECT IS PUSHED FURTHER OUT IN TIME YOU SHOULD EXPECT DOWNWARD REVISION.AKER BP CEO SAYS HE EXPECTS EXPLORATION SPENDING IN 2020 TO BE ROUGHTHLY THE SAME AS IN 2019.AKER BP CFO SAYS PRODUCTION COSTS IN Q4 COULD BE AT AROUND $13 A BARREL IF THE COMPANY DOESN'T RECEIVE INSURANCE PAYMENT FOR REPAIRS AT THE ALVHEIM RISER IN Q2.AKER BP CFO SAYS HE "WOULD BE SURPRISED" IF JOHAN SVERDRUP PHASE 2 COULD ACHIEVE SIMILAR COST SAVINGS AS PHASE 1, GIVEN RISING PRICES IN THE SUPPLIER MARKET.  Full Article

Aker BP Says Production From Johan Sverdrup Field In North Sea Started
Monday, 7 Oct 2019 

Oct 6 (Reuters) - Aker BP ASA ::PRODUCTION FROM JOHAN SVERDRUP FIELD IN NORTH SEA STARTED, MORE THAN TWO MONTHS AHEAD OF ORIGINAL SCHEDULE AND NOK 40 BILLION BELOW BUDGET.  Full Article

UPDATE 2-Equinor says Sverdrup oil field output now at around 350,000 bpd

STAVANGER, Norway, Dec 3 Oil production at Norway's giant Johan Sverdrup oilfield has risen to around 350,000 barrels per day (bpd), operator Equinor told Reuters on Tuesday.