"Aker BP" News

New Rig Delivered to Odfjell Drilling

Jan 07, 2019

Norwegian based Odfjell Drilling has taken delivery of a a new semi-submersible drilling rig from South Korean builder Samsung Heavy Industries.The sixth generation dynamically positioned Deepsea Nordkapp is an enhanced Moss Maritime CS-60 design…

Spirit Energy Gets Nod for Oda Development

Jan 07, 2019

North Sea explorer Spirit Energy has been given the green light from Norwegian Petroleum Directorate (NPD) to start up its first operated development in Norway.Oda is a subsea development where the wellstream is sent on to the Ula platform for processing and transport…

Exploration Firms Drill Dry Well in North Sea

Jan 10, 2019

Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed exploration well 2/6-6S, targeting the Oppdal and Driva prospects in PL860 in the North Sea. Both targets were dry…

Norway Oil Investment to Rise in 2019

Jan 07, 2019

Oil and gas investment in Norway is expected to grow for a second year in a row in 2019 but will fall back between 2020 and 2023, an industry lobby group said on Monday.Western Europe's largest oil producer has seen a recovery in oil industry activity thanks to higher crude prices…

Equinor Completes NCS Asset Sales

Dec 28, 2018

Norwegian energy company Equinor announced Friday it has completed the sales of two non-core discoveries on the Norwegian Continental Shelf (NCS) for a combined $470 million.Equinor announced in October that it would divest from the King Lear…

PSA Consent for Aker BP to Use Maersk Reacher

Oct 16, 2018

Norway's Petroleum Safety Authority (PSA) has authorized Norwegian E&P player Aker BP to use the Maersk Reacher mobile facility as a quarters facility on the Valhall field.A public statement from PSA said: 'A lot of work will be taking place on the Valhall field in the time ahead…

Faroe to Plug and Abandon Cassidy Exploration Well

Dec 27, 2018

Independent oil and gas company Faroe Petroleum announced the Cassidy exploration well in the Norwegian North Sea will be plugged and abandoned following 'disappointing' results.The well 8/10-7S within the PL405 Oda licence encountered 13 meters of water bearing Jurassic Ula formation sandstones…

Maersk Invincible Plugs Valhall Wells

Nov 01, 2018

Jack-up drilling rig Maersk Invincible has completed a plug and abandonment (P&A) program of wells at the Valhall field center in the Norwegian sector of the North Sea ahead of schedule, operator Aker BP announced.The average time per well has…

First Steel Cut for Johan Sverdrup Phase 2

Dec 13, 2018

Kvaerner and Aker Solutions on Thursday cut the first steel plate for the second phase of the Johan Sverdrup offshore field development, kicking off Norway’s largest industrial project in three decades.The two Norwegian engineering firms have been working in a 50/50 joint venture under a NOK 3…

Aker BP Q3 Operating Profit Beats Forecast

Oct 19, 2018

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.Earnings before interest and taxes (EBIT) rose to…

Aker BP to Buy Equinor Gas, Condensate Discovery

Oct 15, 2018

Aker BP has agreed to buy Equinor's 77.8 percent stake in Norway's King Lear gas and condensate discovery for $250 million in cash, the two companies said on Monday.The North Sea discovery has estimated reserves of 77 million barrels of oil equivalents…

Cassidy Exploration Well Commences

Dec 05, 2018

Faroe Petroleum announced Wednesday the commencement of the Cassidy exploration well 8/10-7 S in the Norwegian North Sea.The Cassidy prospect sits within the PL405 Oda licence (discovered in 2011) and is being drilled back-to-back with the production wells on the Oda structure…

Aker Bets on Software Engineers for Its Oil Business

Sep 19, 2018

When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets…

Aker BP, Maersk Drilling Sign Rig Contract off Norway

Sep 06, 2018

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.The contract, based on an alliance created between the two firms and Halliburton in 2017…

Digitalization Can Save Upstream Business $73 Bln a Year

Nov 12, 2018

Energy firms could save an annual $73 billion within five years in oil and gas exploration and production by making better use of existing computing technology, energy consultancy Wood Mackenzie said.Exploration and production, known as the upstream industry…

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