Aker BP Archives - Oil & Gas 360

Noble secures $1.3 billion in new rig contracts, enters Norway floater market

January 27, 2026

(World Oil) – Noble Corporation has announced new contract awards totaling approximately $1.3 billion, adding backlog across nine rigs and marking the company’s entry into the Norwegian harsh-environment floater market. The awards reflect continued multi-year demand for deepwater and offshore drilling and are expected to materially improve fleet utilization over the coming years. Noble said the new contracts increase the percentage

Equinor strikes gas in North Sea wildcat wells, opening new development potential

December 5, 2025

(World Oil) – Equinor and Aker BP have announced a new gas and condensate discovery in the North Sea after drilling two exploration wells at the Lofn and Langemann prospects, marking a promising start for Production Licence 1140. The wildcat wells—15/5-8 S and 15/5-8 A—were drilled about 7 km north of the Eirin field and roughly 240 km west of Stavanger using Odfjell Drilling’s Deepsea

Aker BP strengthens offshore portfolio with Omega Alfa discovery, major project progress

October 23, 2025

(World Oil)– Aker BP has reported strong operational and financial performance in its latest quarterly results, underscoring stable production, disciplined cost management, and a breakthrough exploration success on the Norwegian Continental Shelf (NCS). Production averaged 414,000 boed, maintaining high uptime and efficiency across the company’s offshore portfolio. Supported by minimal unplanned downtime and robust field performance, Aker BP has raised

Norway’s Aker BP Switching Gears From M&A to Exploration

March 1, 2019

From Reuters 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. The company said the change of tack was prompted by falling exploration costs, partly as a result of new

Aker BP Names New CFO

January 17, 2019

David Torvik Tønne and Lene Landøy Joins the Executive Management Team of Aker BP

Aker BP Acquires an Offshore Discovery for $250 Million

October 15, 2018

Aker BP (ticker: ARC) has entered into an agreement with Equinor Energy (ticker: EQNR) to acquire its 77.8 percent interest in the King Lear gas/condensate discovery in the Norwegian North Sea for a cash consideration of USD 250 million. CEO of Aker BP, Karl Johnny Hersvik said, “The King Lear discovery is one of the largest undeveloped discoveries on the Norwegian

Aker BP Closes Hess Norge Deal at $2 Billion

December 27, 2017

Norwegian Aker BP (ticker: AKERBP) and Hess Corporation (ticker: HES) have completed the previously announced sale of Hess Norge to Aker BP for $2 billion, effective January 1, 2017. Hess Norge owns interests in the Valhall (64.05%) and Hod (62.5%) fields in Norway. The two fields are producing a net 24 MBOEPD. Aker said that the two plays had a

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