LB OneSubsea has been awarded a contract by Aker BP to deliver subsea production systems, umbilicals and associated services for the Lyra field development on the Norwegian Continental Shelf, according to SLB. Lyra was formerly known as Kjøttkake. Aker BP and SLB OneSubsea shaped the development strategy from the early stages of the project under […]
Aker BP has awarded Subsea7 a contract worth up to $300 million for the Lyra field development, formerly known as Kjøttkake, in the northern North Sea. Lyra is a fast-track development targeting first oil in 2028, only three years after discovery. The field lies about 44 km (27 mi) from the Gjøa platform and will […]
Aker BP said the third quarter was one of the most important in its project history, as offshore installation work on its two largest Norwegian developments moved into the final stretch before start-up. At Yggdrasil, the Hugin B and Munin topsides were installed during the quarter and all major subsea components are now in place. […]
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.