Aker BP has started production from the Alve Nord, Idun Nord and Ørn fields in the Norwegian Sea, bringing approximately 120 MMboe of recoverable resources online one year ahead of the original schedule.
Mammoet has completed heavy-lift and marine operations for the Munin topsides at Aibel’s Haugesund yard, preparing the structure for offshore sailaway to Aker BP’s Yggdrasil development in the North Sea.
Aker BP and DrillDocs are expanding deployment of computer vision technology designed to improve drilling performance and reduce nonproductive time across offshore operations on the Norwegian Continental Shelf.
Aker BP has increased its ownership interest in the giant Johan Sverdrup field following the completion of a redetermination process among the field’s partners.
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.