52 Week Range
As of on the Oslo Stock Exchange ∙ Minimum 15 minute delay
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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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Aker BP ASA <AKERBP.OL> cut its full-year oil output target on Tuesday as production problems at the oil explorer's Valhall field in the North Sea offset a boost from the early opening of its Johan Sverdrup field in Norway.
Norway's Aker BP <AKERBP.OL> 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%.
Norway's Petroleum Directorate confirmed on Tuesday an oil discovery by Aker BP in the northeast of the Alvheim field in the North Sea, in an area nicknamed NOAKA that contains several other hydrocarbon finds.
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.
Norwegian oil and gas company Aker BP is switching emphasis from M&A toward 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.
* Aker BP controlled by Norwegian billionaire Kjell Inge Roekke
Norwegian oil company Aker BP posted a smaller-than-expected increase in fourth-quarter earnings due to higher production costs and lower oil prices, but raised its dividend.
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.
Norway's Aker BP will boost dividend payments between now and 2023 and step up investment in developing offshore oil and gas fields next year, the independent oil company said on Thursday.
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.
Aker BP's oil and gas production fell 4.6 percent in the third quarter to 150,600 barrels of oil equivalent per day (boed) due to maintenance at two of its fields, it said on Friday.
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.
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