Edition:
United States

Aker BP ASA (AKERBP.OL)

AKERBP.OL on Oslo Stock Exchange

280.00NOK
21 Aug 2018
Change (% chg)

-- (--)
Prev Close
kr280.00
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
860,940
52-wk High
kr322.40
52-wk Low
kr136.90

Latest Key Developments (Source: Significant Developments)

Solstad Farstad: Contracts For Platform Supply Vessels
Thursday, 7 Jun 2018 03:49am EDT 

June 7 (Reuters) - Solstad Farstad ASA ::CONTRACT AWARDS IN NORWAY.SOLSTAD FARSTAD - AKER BP HAS AWARDED SOLSTAD FARSTAD CONTRACTS FOR PLATFORM SUPPLY VESSELS NORMAND SKUDE AND NORMAND ARCTIC.CONTRACTS WILL COMMENCE IN JULY 2018 FOR A FIRM PERIOD OF 4 MONTHS WITH FURTHER 4 MONTHS OPTIONS.  Full Article

Aker BP raises $500 mln in senior notes due 2025
Thursday, 15 Mar 2018 03:04pm EDT 

March 15 (Reuters) - Aker Bp Asa ::ANNOUNCES PRICING OF SENIOR NOTES OFFERING.‍HAS PRICED ITS OFFERING OF $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.875% SENIOR NOTES DUE 2025 AT PAR​.‍INTEREST WILL BE PAYABLE SEMI-ANNUALLY. OFFERING IS EXPECTED TO CLOSE ON OR ABOUT MARCH 22, 2018​.‍INTENDS TO USE NET PROCEEDS OF OFFERING TO PARTIALLY REPAY (WITHOUT CANCELLING) DRAWN COMMITMENTS UNDER COMPANY'S RESERVES-BASED LENDING FACILITY​.  Full Article

Aker BP launches $500 million senior notes offering
Monday, 12 Mar 2018 03:05am EDT 

March 12 (Reuters) - Aker Bp Asa ::ANNOUNCES LAUNCH OF $500 MILLION SENIOR NOTES OFFERING.‍LAUNCHED AN OFFERING OF SENIOR NOTES ( "OFFERING") IN AN AGGREGATE PRINCIPAL AMOUNT OF $500 MILLION​.‍INTENDS TO USE NET PROCEEDS OF OFFERING TO PARTIALLY REPAY (WITHOUT CANCELLING) DRAWN COMMITMENTS UNDER COMPANY'S RESERVES-BASED LENDING FACILITY.THE INTEREST RATE, OFFERING PRICE AND OTHER TERMS WILL BE DETERMINED AT THE TIME OF PRICING OF THE OFFERING ​.  Full Article

Zalaris Signs An Agreement With Aker BP
Monday, 5 Mar 2018 02:02am EST 

March 5 (Reuters) - Zalaris Asa ::AKER BP SELECTS ZALARIS.‍SIGNED AN AGREEMENT WITH LEADING FULLY-FLEDGED OIL COMPANY AKER BP​.  Full Article

Norway's Oil Directorate confirms Aker BP discovery
Friday, 2 Mar 2018 02:39am EST 

March 2 (Reuters) - :NORWAY PETROLEUM DIRECTORATE: OIL DISCOVERY NORTH OF THE BØYLA FIELD IN THE NORTH SEA - 24/9-12 S AND 24/9-12 A.NPD: PRELIMINARY ESTIMATES INDICATE THAT THE SIZE OF THE DISCOVERY IS BETWEEN 5 AND 10 MILLION STANDARD CUBIC METRES (SM3) OF RECOVERABLE OIL.NPD STATEMENT CONFIRMS EARLIER NEWS FROM OPERATOR AKER BP nASM000JEZ.AKER BP HOLDS 65 PCT STAKE, POINT RESOURCES 20 PCT, LUNDIN 15 PCT.  Full Article

Aker BP made bigger-than-expected oil discovery near Alvheim
Monday, 19 Feb 2018 01:50am EST 

Feb 19 (Reuters) - Aker Bp Asa ::EXPLORATION SUCCESS IN PL340 NEAR ALVHEIM.‍WELL HAS PROVED OIL. PRELIMINARY ANALYSIS INDICATE A DISCOVERY SIZE OF 30-60 MILLION BARRELS OF OIL EQUIVALENTS​.DISCOVERY IS ‍SIGNIFICANTLY MORE THAN COMPANY'S PRE-DRILL ESTIMATES OF 3-21 MMBOE​.‍DISCOVERY ALSO HAS A POSITIVE IMPACT ON ASSESSMENT OF FURTHER EXPLORATION POTENTIAL IN AREA​.‍FROSK IS LOCATED IN PL340, WHICH ALSO CONTAINS BØYLA FIELD. BØYLA HAS BEEN PRODUCING OIL SINCE 2015 THROUGH A SUBSEA INSTALLATION TIED BACK TO ALVHEIM FPSO​.‍FROSK DISCOVERY ADDS SIGNIFICANT VOLUME AND VALUE TO OUR RESOURCE BASE, AND PROVIDES AN IDEAL BASIS FOR ANOTHER PROFITABLE EXPANSION PROJECT​.‍IS OPERATOR OF PL340 WITH A 65 PERCENT WORKING INTEREST. PARTNERS ARE POINT RESOURCES WITH 20 PERCENT AND LUNDIN PETROLEUM WITH 15 PERCENT​.  Full Article

Aker ASA raises 2017 dividend to NOK 18/share as net asset value jumps
Friday, 16 Feb 2018 11:31am EST 

Feb 16 (Reuters) - Aker Asa ::NET ASSET VALUE UP BY 20.4 PER CENT TO NOK 41.8 BILLION - CASH DIVIDEND OF NOK 18 PER SHARE PROPOSED.Q4 NET ASSET VALUE NOK ‍41.8​ BILLION (NOK 34.7 BILLION IN Q3 2017).AKER PROPOSES DIVIDEND OF NOK ‍18​ PER SHARE FOR 2017 (VERSUS NOK 16 PER SHARE IN 2016).AKER Q4 PRETAX RESULT NOK 294‍​ MILLION ( VERSUS NOK 266 MILLION IN Q4 2016).AKER ASA - ‍STRONG UNDERLYING PERFORMANCE IN OUR PORTFOLIO COMPANIES, INCREASED UPSTREAM CASH FLOW TO AKER, M&A AND IMPROVED OUTLOOK IN OIL AND GAS HAVE BEEN MAIN CONTRIBUTORS TO POSITIVE DEVELOPMENT. IN 2018, WE WOULD LIKE TO SEE MORE OF SAME​.AKER ASA SAYS AKER BP CONTINUES TO EVALUATE NEW INVESTMENT OPPORTUNITIES. HENCE, AKER EXPECTS EVEN HIGHER DIVIDENDS FROM AKER BP IN THE YEARS TO COME AS PRODUCTION GROWS ORGANICALLY AND INORGANICALLY‍​.AKER ASA SAYS AKER BP CONTINUES TO EVALUATE NEW INVESTMENT OPPORTUNITIES. HENCE, AKER EXPECTS EVEN HIGHER DIVIDENDS FROM AKER BP IN THE YEARS TO COME AS PRODUCTION GROWS ORGANICALLY AND INORGANICALLY‍​.AKER ASA SAYS IMPROVING PROFITABILITY WILL BE A PRIORITY FOR AKER BIOMARINE UNIT IN 2018‍​.AKER ASA SAYS OCEAN YIELD SHOULD CONTINUE TO DIVERSIFY PORTFOLIO IN 2018.AKER ASA: LONGER TERM, AKER REMAINS POSITIVE ABOUT THE OUTLOOK FOR OIL AND GAS AND WILL THEREFORE CONTINUE TO EVALUATE STRATEGIC ALTERNATIVES AND OPPORTUNITIES IN THE SECTOR.  Full Article

Kvaerner wins two contracts for disposal of platforms
Monday, 5 Feb 2018 06:33am EST 

Feb 5 (Reuters) - Kvaerner Asa ::KVAERNER AWARDED TWO CONTRACTS FOR DISPOSAL OF PLATFORMS.KVAERNER HAS ENTERED INTO AN AGREEMENT WITH ALLSEAS FOR THE RECYCLING OF THE TOPSIDE AND BRIDGE OF THE 36-YEAR-OLD VALHALL QP PLATFORM WHEN ALLSEAS REMOVES THIS INSTALLATION FOR OPERATOR AKER BP IN 2019.KVAERNER HAS ALSO SIGNED A CONTRACT WITH SAIPEM UK FOR DISPOSAL OF THE VARG A INSTALLATION.THE STRUCTURES WILL BE DECONSTRUCTED DURING WINTER 2019 AND SPRING 2020.  Full Article

Aker BP expects Sverdrup cost to fall as contingency cut
Friday, 2 Feb 2018 03:10am EST 

Feb 2 (Reuters) - Aker BP CEO Karl Johnny Hersvik said on Friday: :COMPANY STICKS TO ITS BREAK-EVEN TARGET PRICE OF $35/BARREL FOR NEW DEVELOPMENTS EVEN AS OIL PRICES RISE.COMPANY HAS NO IMMEDIATE PLANS TO DIVEST MORE STAKES IN VALHALL AND HOD FIELDS AFTER CUTTING ITS OWNERSHIP TO 90 PERCENT.EXPECTS SVERDRUP FIELD DEVELOPMENT COSTS TO FALL FURTHER DUE TO REDUCTION IN CONTINGENCY AS PROJECT PROGRESSES ACCORDING TO PLAN.  Full Article

Aker BP Q4 core profit below expectations
Friday, 2 Feb 2018 01:00am EST 

Feb 2 (Reuters) - Aker Bp Asa ::AKER BP Q4 REVENUES $‍726​ MILLION (REUTERS POLL $713 MILLION).AKER BP Q4 EBITDA $‍509​ MILLION (REUTERS POLL $528 MILLION).AKER BP QUARTERLY DIVIDEND $‍0.3124​ PER SHARE VERSUS PREVIOUS DIVIDEND $0.185/SHARE.AKER BP Q4 NET RESULT $‍34​ MILLION (REUTERS POLL $107 MILLION).AKER BP ASA: ‍JOHAN SVERDRUP PROJECT PROGRESSED ACCORDING TO PLAN, AND PHASE 1 FACILITIES CONSTRUCTION WAS APPROXIMATELY 80 PERCENT COMPLETE BY END OF Q4​.  Full Article

Photo

Aker BP adds more acreage off Norway via $205 million deal with Total

OSLO Norway's independent oil firm Aker BP has agreed to buy stakes in 11 production licenses off Norway from French Total for a cash consideration of $205 million, the company said on Tuesday.