Equinor and Aker BP have agreed to align portions of their Norwegian Continental Shelf portfolios through a series of offshore asset transactions aimed at accelerating development activity and increasing long-term value creation. The companies said the collaboration will focus on selected offshore areas where greater ownership alignment could support faster project decisions, improved resource utilization and more coordinated […]
Aker BP’s 2025 Annual Report confirms what the market has been sensing for months: this was not a peak year—it was a transition year.
Production held firm, costs remained low, and shareholder payouts continued. But weaker realized oil prices and impairments drove a sharp drop in earnings, even as the company doubled down on a capital-intensive growth pipeline aimed at the late 2020s.
Aker BP has awarded Aker Solutions a long-term maintenance, modification and operations (MMO) contract covering all Aker BP-operated assets on the Norwegian Continental Shelf.
Aker BP ASA started oil production from the Solveig Phase 2 development in production license (PL) 359 in the North Sea.
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).
The joint industry project (JIP), led by DeepOcean, introduces a patented heating solution that allows power cables to be installed after pipeline lay or integrated within reeled pipelines. This approach can reduce manufacturing and installation costs by up to 35% and cut carbon emissions by 30%, while improving operational efficiency and extending tieback distances.
The operation utilized Halliburton’s Enhanced Remote Operated Control System (eROCS) in conjunction with the Optime Tubing Hanger Orientation System (OTHOS). Together, the systems enabled precise orientation and installation of a vertical Christmas tree tubing hanger without the need for traditional umbilicals or standard orientation tools.
FourPhase has carried out the oil and gas industry’s first fully remote solids management operation offshore, working with Aker BP on a two-month program in the North Sea.
Aker BP is taking a major step forward in its digital transformation by expanding the use of Cognite Atlas AI™, deepening its strategic partnership with Cognite to drive an “AI-first” approach in exploration and production.
Aker BP has completed its Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area. The recoverable volume is estimated at 96-134 million barrels of oil equivalent (MMboe).