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.
Offshore contractor Maersk Drilling has secured a deal with Aker BP, on behalf of the Ivar Aasen license.
Saipem has been awarded a contract by Aker BP for a drilling campaign offshore Norway with its Scarabeo 8 unit.
Following Aker BP’s takeover of its oil and gas assets, Lundin Energy has presented plans for its new, renewables-focused business.
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 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.
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.
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 achieved “record strong financial results” last year spurred on by more buoyant oil and gas prices.
Saudi Aramco has bought a 7.4% stake in Norway’s Cognite, a software company.
Westwood Global Energy reports that there were three exploration wells active as of 24 January. One exploration well has spudded and completed in 2022.
Norway has dished out 53 licences in its latest round of awards for oil and gas exploration.
Maersk Drilling and Aker BP have entered into a rig swap agreement that will add millions to the former's revenue backlog.
The Norwegian joint venture of BP and Aker has been criticised over its plans to bring in Covid-19 vaccines requirements.
Oil exploration firm Aker BP (OSLO: AKRBP) has been given the go ahead to spud a pilot well in the Norwegian North Sea.
Despite “long-term headwinds”, it’s “full steam ahead” for Norwegian oil and gas operators next year, according to Wood Mackenzie.
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 has been awarded front-end engineering and design (FEED) work on the Valhall field and King Lear discovery in Norway.
Longboat Energy (LON: LBE) has been left disappointed after it made a non-commercial “minor oil discovery” in the southern North Sea.
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.
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 engineering, procurement and construction (EPC) contract awards are anticipated to total more than $4 billion (£2.8bn) in 2021.
There are “too many rigs and too many players” in the drilling industry, Maersk Drilling CEO Jørn Madsen has said.
Maersk Drilling is to reactivate its Maersk Reacher jack-up rig after securing a $33.4 million (£24m) contract with Aker BP.