Yggdrasil News

Thousands of Jobs for Norway: Aker BP's Offshore Development Plans Approved by Norwegian Parliament

Jun 07, 2023

Following news on Tuesday that the Norwegian parliament had approved some of Aker BP's offshore oil and gas development project in Norway, the confirmation came Wednesday from Aker BP itself.'Today, the Storting has approved Aker BP’s plans…

Aker BP Breaks Offshore Drilling Record with Longest Well Offshore Norway. Makes Significant Oil Find

Jun 09, 2023

Norwegian oil company Aker BP said Friday it had the drilling of the Øst Frigg Beta/Epsilon exploration well in the Yggdrasil area, the longest exploration well ever drilled on the Norwegian Continental Shelf, resulting in a significant oil discovery…

Environmental Groups Ask Norway Court to Halt Three Oil Developments

Jun 29, 2023

Environmental groups said on Thursday they had demanded an immediate halt to the ongoing development of three Norwegian offshore oilfields, seeking a court injunction against the country's government.Greenpeace and Nature and Youth said they…

Aker BP's Yggdrasil Development Bolstered by New Offshore Oil Discovery

May 25, 2023

Norwegian oil and gas company Aker BP said it had made a significant oil discovery at the Øst Frigg Beta/Epsilon exploration well in the Yggdrasil area of the Norwegian North Sea.'Preliminary estimates indicate a gross recoverable volume of 40-90 million barrels of oil equivalent (mmboe)…

Enersense to Provide Steel Structures for Hugin A Offshore Platform in Norway

Jul 07, 2023

Finland-based Enersense said Friday it would deliver offshore steel structures for the Hugin A production platform to Aker Solutions in Norway.Aker Solutions has ordered steel structure modules (pre-assembled units) from Enersensefor the Hugin A production platform…

Aker BP's Output to Reach 525,000 Barrels per Day by 2028, as Several Offshore Projects Approved

Jun 29, 2023

Norwegian oil and gas company  Aker BP said Wednesday that the Norwegian Ministry of Petroleum and Energy (MPE) had approved a total of Aker BP's nine plans for development and operation (PDOs) and one plan for installation and operation (PIO)The…

Norway Approves Equinor's New Field Developments, Including Country's Deepest Offshore Field

Jun 28, 2023

Norwegian oil firm Equinor said Wednesday its plans for the development and operation of the subsea fields Irpa and Verdande, and the production well Andvare in the Norwegian Sea have been approved by Norwegian authorities. The gas field Irpa will be tied back to the Aasta Hansteen platform…

Aker BP Selects ABL Group for Marine Warranty Survey Services for Offshore Field Developments

Mar 27, 2023

Norwegian oil company Aker BP has awarded a contract to  ABL Group (ABL) for the provision of marine warranty survey (MWS) services for the Yggdrasil and Valhall PWP-Fenris offshore field development projects offshore Norway.ABL’s Stavanger…

Aker BP Keeps Dividend, Guidance Despite Q1 Profit Drop

Apr 27, 2023

Norway's second-largest listed oil company Aker BP said on Thursday it was maintaining its outlook, and its quarterly dividend at $0.55 per share, despite reporting an on-year fall in quarterly operating profit. The company, partly owned by BP…

Aker BP Accedes Nine of Ten Offshore Field Plans, as Troldhaugen Project Discontinued

Mar 21, 2023

Norwegian oil and gas company Aker BP has notified the Norwegian Ministry of Petroleum and Energy that the company has acceded to all the Plans for Development and Operation submitted in December 2022, apart from for one. The Troldhaugen project in the Edvard Grieg area…

Norway 2023 Oil Industry Spending Set to Jump after Project Rush

Feb 16, 2023

Norway's oil and gas firms have sharply raised their investment forecasts for 2023 after proposing more than a dozen new projects at the end of last year, a national statistics office (SSB) survey showed on Thursday. The country's biggest business sector now expects to invest 187…

Norway: Aker BP, Partners to Spend $20.5B on New Offshore Oil and Gas Projects

Dec 16, 2022

Norwegian oil firm Aker BP and its partners will invest more than 200 billion crowns ($20.5 billion) to develop several oil and gas fields off Norway in the coming years, the company said on Friday. Aker BP and other oil firms working off Norway…

Aibel Wins $706M Deal to Build Unmanned Offshore Platform 'Of the future'

Dec 16, 2022

Oil and gas company Aker BP has awarded Aibel, a Norwegian engineering and construction firm, a contract worth around 7 billion crowns ($706,1 million) to build the Munin offshore platform (formerly Krafla) in the Yggdrasil area, offshore Norway…

Allseas Wins Work on One of the 'Heaviest Offshore Installation Projects in History'

Dec 20, 2022

Offshore installation company Allseas will transport and install a new processing platform topside facility with well area and living quarters (NOA PdQ) in the NOAKA area development operated by Aker BP in the Norwegian North Sea.The contract…

Floatel to Support Aker BP's NOA, Krafla Topside Projects with Two Rigs

Dec 16, 2022

Offshore accommodation company Floatel International has been awarded a contract by Aker BP ASA for two simultaneous projects in the Norwegian sector of the North Sea, where two accommodation support vessels will be required. The contracts follow…

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