Search results for: Hess Norge

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  • 31 October 2017

    Norwegian oil company Aker BP has secured additional bank financing for the previously announced acquisition of Hess Norge.  The oil company said on Monday it had received an offer from a consortium of five banks for a $1.5 billion bank facility to finance the acquisition. To remind, U.S. energy company Hess Corporation made an agreement […]

  • 24 October 2017
    Business & Finance

    Aker BP has entered into an agreement to acquire Hess Norge for the cash consideration of USD 2.0 billion. The transaction includes Hess Norge’s interests in the Valhall (64.05 per cent) and Hod (62.5 per cent) fields in which Aker BP becomes the sole owner. Aker BP will also assume Hess Norge’s tax positions, which […]

  • 25 December 2017

    Norwegian oil company Aker BP has completed the acquisition of Hess Norge and the sale of its ten percent interest in the Valhall and Hod fields off Norway to Pandion Energy.

  • 24 October 2017
    Business & Finance

    U.S. energy company Hess Corporation has made an agreement to sell its oil and gas interests in Norway to the Norwegian oil company Aker BP for total proceeds of $2 billion.  In addition to the sale of Norwegian assets and as part of its strategy to further focus the company’s portfolio and allocate capital to higher return assets, […]

  • 30 October 2017
    Business & Finance

    Norwegian oil company Aker BP’s net profit nearly doubled in the third quarter of the year. Aker BP’s profit for the quarter was $112 million, up from $63 million a year ago. Operating income for the quarter was $596 million, an increase from $248 million a year ago, mainly due to inclusion of BP Norge […]

  • 4 December 2017
    Business & Finance

    Aker BP has entered into an agreement with Pandion Energy to divest 10 percent interest in the Valhall and Hod fields for an undisclosed cash consideration. Aker BP is the operator of the Valhall and Hod fields. The Valhall field centre consists of six separate steel platforms for living quarters, drilling, production, water injection, and a combined […]

  • 27 May 2011
    Business & Finance, Operations & Maintenance

    WGP announced the successful completion of the thirteenth Life of Field Seismic (LoFS) survey over the Valhall field in the Norwegian part of the North Sea. BP Norge AS as operator and partner Hess Norge AS, have contracted WGP to provide the precisely positioned source sub-arrays necessary to maintain the high level of repeatability required […]

  • 2 February 2018

    Norwegian oil company Aker BP reported a rise in both income and in production for the fourth quarter of 2017.

  • 13 July 2018
    Business & Finance

    Norwegian oil company Aker BP more than doubled its profit in the second quarter of 2018 helped by an increase in production and higher oil and gas prices.  Aker BP on Friday reported total operating income of $975 million for the second quarter of this year compared to $595 million in 2Q 2017. Operating profit […]

  • 4 December 2017
    Equipment

    Norway’s Aker BP will sell ten percent stake in the Valhall and Hod fields in the Norwegian sector of the North Sea to Pandion Energy. Aker BP, which on Friday celebrated one year since its creation, said the value of the transaction would not be disclosed. The company became the sole owner of the Valhall […]

  • 12 January 2011

    The partners in the Snøhvit licence have decided to perform studies of possible concepts for building a new LNG plant at Melkøya in Hammerfest (Train II). The licence has conducted a feasibility study of processing capacity expansion of Hammerfest LNG plant, Melkøya called Snøhvit Train II, and have now decided to study technical concepts that […]

  • 12 January 2011
    Business & Finance

    The partners in the Snøhvit licence have decided to perform studies of possible concepts for building a new LNG plant at Melkøya in Hammerfest (Train II). The licence has conducted a feasibility study of processing capacity expansion of Hammerfest LNG plant, Melkøya called Snøhvit Train II, and have now decided to study technical concepts that […]

  • 15 January 2018
    Business & Finance

    Aker BP plans to spend $1.3 billion in 2018, of which $350 million will be spent on exploration, and $450 million on dividends.

  • 15 December 2017
    Project & Tenders

    Aker BP has submitted the plans for development and operations for three offshore fields to the Norwegian authorities. 

  • 7 May 2014
    Business & Finance

    Licensees on the NCS must support and challenge the operator, be a competent collaborator and help ensure prudent petroleum activity in Norway, the Petroleum Safety Authority Norway has said. But not all of them do that, so the PSA has begun checking up. “The regulations set clear requirements for the licensee’s role in a production […]

  • 28 January 2013

    BP today announced the successful start-up of oil production from new facilities at the Valhall field in the southern part of the Norwegian North Sea. Production started on 26 January. “The Valhall Re-Development Project is another significant milestone for BP and is an important investment in our North Sea portfolio,” said Bob Dudley, BP group […]

  • 28 June 2018
    Operations & Maintenance, Project & Tenders

    Wintershall Norge has awarded a rig contract for the Nova field development to Seadrill Norway Operations who will operate the West Mira drilling rig on behalf of Northern Drilling. In addition, Wintershall has entered into a long-term frame agreement with Seadrill for potential future rig needs. The West Mira will drill six subsea wells on […]

  • 4 November 2011
    Business & Finance

    Statoil has signed an agreement to acquire Hess’ 3.26% ownership in the Barents Sea Snøhvit Unit and adjacent production licences.  Statoil acquires Hess’ 11.25% participation interest in PL097 and 8.33% participation interest in PL110 together constituting a 3.26% participation interest in the Snøhvit Unit and in the Hammerfest LNG-facility located at Melkøya. Additionally, a 3.26% […]

  • 4 November 2011
    Project & Tenders

    Statoil has signed an agreement to acquire Hess’ 3.26% ownership in the Barents Sea Snøhvit Unit and adjacent production licences. Statoil acquires Hess’ 11.25% participation interest in PL097 and 8.33% participation interest in PL110 together constituting a 3.26% participation interest in the Snøhvit Unit and in the Hammerfest LNG-facility located at Melkøya. Additionally, a 3.26% […]

  • 16 May 2012
    Business & Finance, Operations & Maintenance

    Statoil transfers operatorship of the Vilje field in the North Sea to Marathon Oil Norge. The agreement does not involve any change of stakes in the production licence (PL 036D). “Statoil is interested in good area solutions. We therefore find it natural that Marathon, as the biggest operator in the area, gets to optimise the […]

  • 27 February 2018
    Business & Finance

    Wintershall Norge has awarded two major subsea contracts for its operated Nova field (formerly Skarfjell) in the Norwegian North Sea.

  • 16 May 2018

    Wintershall has filed a plan for development and operation (PDO) for the Nova field in the Norwegian North Sea. The development is expected to cost around NOK 9.9 billion ($1.2 billion).