Norway must make more area available for hydrocarbon exploration and scale up the country’s nascent renewable sector in order to protect domestic suppliers of parts and services, according to the head of the country’s second biggest oil and gas company.
Port of Nigg owner Global Energy Group (GEG) has secured a contract from Subsea7 Norway to fabricate subsea spools for a Norwegian North Sea field development.
Aker BP has announced the start-up of production at the Kobra East & Gekko (KEG) project in the central North Sea, several months ahead of its initial target.
Aberdeen-based ocean services provider DeepOcean and Norwegian oil firm Aker BP will pioneer the use of an unmanned surface vessel (USV) for subsea inspection, maintenance and repair (IMR) and survey work.
Norway has approved 19 new oil and gas projects in its waters, with total investment topping NOK 200 billion (£14.62 bn), according to the Ministry of Petroleum and Energy.
Aker BP has confirmed first production from the Frosk field development in Norway’s Alvheim area, just 18 months after plans were submitted to regulators.
Aker BP (OSLO:AKRBP) more than tripled its pre-tax earnings for full-year 2022, in its first annual results filings since the takeover of Nordic rival Lundin last year.
A new report from Westwood Global Energy Group has laid bare the impact of the UK Government's fiscal tinkering on Harbour Energy's (LON: HBR) share price in 2022.
Aker BP has signed new ‘alliance’ agreements for rigs and wells with Noble Corporation, Odfjell Drilling and Halliburton, as it looks to bring a wave of new projects online in the coming years.
Norway will be able to sustain gas production at last year’s elevated level until at least 2026 thanks to 300 billion Norwegian kroner ($30 billion) of investment in new offshore fields.