Lundin Energy moots renewables rebrand following Aker BP deal
Lundin Energy plans to rename itself Orrön Energy, as it focuses on entirely on renewables following the spin-off of its oil and gas business to Aker BP.
Aker BP
Maersk Drilling awarded £17.9m three-well contract by Aker BP
Offshore contractor Maersk Drilling has secured a deal with Aker BP, on behalf of the Ivar Aasen license.
Saipem clinches $325m drilling contract with Aker BP
Saipem has been awarded a contract by Aker BP for a drilling campaign offshore Norway with its Scarabeo 8 unit.
Lundin Energy outlines new renewables strategy
Following Aker BP’s takeover of its oil and gas assets, Lundin Energy has presented plans for its new, renewables-focused business.
Westwood Global – Western Europe subsea EPC spend in 2022 expected to hit highest level since 2013
Subsea engineering, procurement and construction (EPC) spend in Western Europe in 2022 is projected to reach its highest level in almost a decade.
Aker BP is looking to buy more assets in Norway’s oil and gas sector
Aker BP is actively looking to purchase more assets or companies operating in Norway’s lucrative oil and gas sector, according to Oyvind Eriksen, chief executive of the firm’s parent company.
Aker BP and Lundin flesh out merger plans
Proposals have been published outlining the process for Aker BP’s takeover of Lundin Energy, in a merger aimed at creating Norway’s second-largest oil and gas producer.
Aker BP given green light to develop Kobra East and Gekko
A project that would extend the life of the Alvheim field in the central North Sea has been given the green light by the regulator.
Aker BP gearing up for exploration drive after record year
Aker BP achieved “record strong financial results” last year spurred on by more buoyant oil and gas prices.
Aramco picks up Aker BP stake in Cognite
Saudi Aramco has bought a 7.4% stake in Norway’s Cognite, a software company.
Norway well slot: Three exploration wells active
Westwood Global Energy reports that there were three exploration wells active as of 24 January. One exploration well has spudded and completed in 2022.
Who won what? Norway dishes out 53 licences in oil and gas exploration round
Norway has dished out 53 licences in its latest round of awards for oil and gas exploration.
Maersk Drilling and Aker BP agree to rig swap
Maersk Drilling and Aker BP have entered into a rig swap agreement that will add millions to the former's revenue backlog.
Union slams Aker BP over plans to bring in ‘intrusive’ vaccine requirements
The Norwegian joint venture of BP and Aker has been criticised over its plans to bring in Covid-19 vaccines requirements.
Aker BP given green light to drill North Sea pilot well
Oil exploration firm Aker BP (OSLO: AKRBP) has been given the go ahead to spud a pilot well in the Norwegian North Sea.
Norwegian oil and gas sector tipped for ‘record number’ of FIDs in 2022
Despite “long-term headwinds”, it’s “full steam ahead” for Norwegian oil and gas operators next year, according to Wood Mackenzie.
Show of Hanz: Aker BP sanctions 20million barrel Norwegian development
Aker BP and its licence partners, Equinor and Spirit Energy, have confirmed a final investment decision for the development of the Hanz discovery in the Norwegian North Sea.
Aker Solutions wins FEED work for Valhall and King Lear
Aker Solutions has been awarded front-end engineering and design (FEED) work on the Valhall field and King Lear discovery in Norway.
BP and Aker exploring potential sale of a stake in Aker BP
BP (LON: BP) and Aker (OSLO: AKER) are exploring a potential block sale of some of their stake in independent oil and gas producer Aker BP (OSLO: AKRBP).
Longboat Energy makes non-commercial oil discovery in North Sea
Longboat Energy (LON: LBE) has been left disappointed after it made a non-commercial “minor oil discovery” in the southern North Sea.
Aker Solutions and Subsea 7 win FEED work for NOA Fulla project
An alliance of Aker Solutions and Subsea 7 has won front-end engineering and design (FEED) work for the NOA Fulla field development in Norway.
Norway records seven commercial discoveries in year to date
Westwood Global Energy reports that there were two exploration and one appraisal wells active as of July 28. Key wells in July include frontier play tests at Stovegolvet and Stangnestind, both of which completed. A total of 17 exploration wells have completed to date in 2021, from which seven commercial discoveries have been made giving a 41% commercial success rate to date.
North Sea EPC spend to top £2.8bn in 2021, about £1.8bn still to come – Westwood Global
North Sea engineering, procurement and construction (EPC) contract awards are anticipated to total more than $4 billion (£2.8bn) in 2021.
Maersk CEO calls for end to day rates, more consolidation
There are “too many rigs and too many players” in the drilling industry, Maersk Drilling CEO Jørn Madsen has said.
Maersk Drilling to reactivate Maersk Reacher after bagging £24m contract
Maersk Drilling is to reactivate its Maersk Reacher jack-up rig after securing a $33.4 million (£24m) contract with Aker BP.