Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential for significant new discoveries.Nine of the licences are located in the…
Norwegian oil and gas firm Aker BP has taken a 17% stake in reservoir stimulation technology firm Fishbones, joining Statoil as an investor in the firm. The Fishbone concept was initially developed for a field trial at Valhall, operated by Aker BP…
Norwegian operator Aker BP has submitted three plans for development and operations to the Norwegian Ministry of Petroleum and Energy for projects on the Norwegian Continental Shelf. Aker BP is planning to develop Valhall Flank West…
Norway's Aker BP has agreed to divest a 10% stake in the Valhall and Hod fields to new firm Pandion Energy. The move comes shortly after Aker BP acquired Hess Norge, which gave it 100% ownership in Valhall and Hod, and comes as Aker BP…
Operator Aker BP has completed an acquisition of Hess Norge, which owns 10% stakes in the Norwegian North Sea Valhall and Hod fields, from Hess Corp for US$2 billion. At the same time, a deal by Aker BP to sell 10% interest in the…
The highest number of licenses ever have been awarded in Norway's latest licensing round, with 75 licenses awarded to 19 operators, led by Norwegian major Statoil. The Norwegian Ministry of Petroleum and Energy says 34 oil companies…
Aker BP has awarded contracts to Subsea 7 and Aker Solutions for work on its Ærfugl gas field subsea tieback in the Norwegian Sea. The Ærfugl gas field development, previously known as Snadd, about 210km west of Sandnessjøen in the Norwegian Sea…
Norwegian oil firm Aker BP (Aker BP) has agreed two drilling and well alliance agreements for its assets in the Norwegian sector. One is with Maersk Drilling and Halliburton for use of jackups, and one is with Odfjell Drilling and Halliburton for semisubmersibles…
Norwegian engineering and fabrication firm Kvaerner has been awarded a US$120 million (NOK1 billion) contract for delivery of the topside and steel jacket substructure for Valhall Flank West by operator Aker BP. Kvaerner's scope includes procurement…
Production has restarted from Aker BP's Tambar platform, offshore Norway, where a man died last week after in serious incident on the rig, which remains under investigation. Tambar is about 16km southeast of Ula facilities in 68m water depth in the Norwegian North Sea…
Aker BP has agreed to buy Hess Norge, which includes major stakes in the Valhall and Hod fields, from Hess for US$2 billion as the US oil firm continues an offshore asset sale. Yesterday, Kosmos Energy said it had agreed to acquire Hess' 85% stake in two long-producing oil fields…
Aker BP has awarded a contract to DeepOcean for subsea inspection, maintenance and repair (IMR) activities. The contract has a total market value of minimum NOK300 million during the initial three years, with an option to continue the…
Lundin Petroleum's Hurri exploration well in the Norwegian southern Barents Sea was dry. The well, 7219/12-3S, drilled using the Leiv Eiriksson semisubmersible drilling rig, in PL533, in the southern Barents Sea, was dry, says operator Lundin…
Aker BP has been given approval to drill exploration well 24/9-12 S on production license 340 in the Norwegian North Sea. The well, due to spud this month, will be drilled in about 120m water depth using the Transocean Arctic semisubmersible drilling rig of the Marosso 56 type…
An investigation into a fatal incident on the Maersk Interceptor jackup rig last month has identified “serious shortcomings” in systems and processes for materials handling. Following its investigation, Norway’s Petroleum Safety Authority…
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