Welcome to our dedicated page for Aker Bp Asa news (Ticker: AKRBF), a resource for investors and traders seeking the latest updates and insights on Aker Bp Asa stock.
Aker BP ASA (AKRBF) generates frequent news through its operational, financial, and project-related announcements in the crude petroleum and natural gas extraction industry. Company releases cover oil and gas production performance, cost levels per barrel of oil equivalent, greenhouse gas emission intensity, and the status of major field developments on the Norwegian continental shelf.
Investors following Aker BP news will see regular quarterly results reports describing production in thousand barrels of oil equivalent per day, realized prices for liquids and natural gas, and cash flow from operations. The company also issues trading updates with preliminary production and sales figures ahead of full quarterly reports.
A key theme in Aker BP’s news flow is the progress of its field development projects, including Yggdrasil, Valhall PWP-Fenris, Skarv Satellites, Utsira High, and additional phases at Johan Sverdrup. Releases describe project milestones, investment decisions, and regulatory steps such as Plan for Development and Operation approvals and notifications to authorities.
Another important category of news relates to exploration and discoveries. The company has reported significant oil discoveries, such as the Omega Alfa campaign in the Yggdrasil area, with estimated recoverable volumes and technical details on drilling operations and reservoir data collection.
Aker BP also publishes regular dividend announcements, specifying ex-dividend dates, dividend amounts per share, and indicative payment dates. These updates are relevant for shareholders tracking the company’s stated objective of delivering resilient dividends.
By monitoring this news page, readers can review Aker BP’s historical announcements on production trends, exploration results, project development, and dividend distributions, all drawn from the company’s own public communications.
Aker BP has announced the start of oil production from the Tyrving field in the Alvheim area. The development, operated by Aker BP with partners Petoro and PGNiG Upstream Norway, consists of three wells and two new subsea installations tied back to existing infrastructure. Tyrving is expected to increase production while reducing unit costs and CO2 emissions per barrel.
Key points:
- Recoverable resources estimated at 25 million barrels of oil equivalent
- Exceptionally low emissions of 0.3 kg CO2 per barrel
- Leverages planned extended lifetime of the Alvheim field
- Tied back to East Kameleon and Alvheim FPSO
This development marks a significant milestone for Aker BP in enhancing production efficiency and environmental performance in the Alvheim area.
Aker BP reported strong operational and financial performance in Q2 2024. The company achieved an average oil and gas production of 444 mboepd, supported by a production efficiency of 95%. Production costs were USD 6.4 per barrel, below the guidance of USD 7. Greenhouse gas emission intensity was 2.9 kg CO2e per boe. All field development projects are progressing well, with Hanz commencing production and Tyrving on track for an accelerated start-up. Financially, Aker BP reported an EBITDA of USD 3.0 billion, an operating profit of USD 2.3 billion, and a net profit of USD 561 million. A quarterly dividend of USD 0.60 per share was declared.
Aker BP released its preliminary Q2 2024 production and sales figures, reporting an equity production of 444.1 thousand barrels of oil equivalents per day (mboepd) and a net volume sold of 460.9 mboepd. This represents a slight decrease in production from Q1 2024's 448.0 mboepd, but an increase in net volume sold from 428.9 mboepd. Realized prices for liquids were $83.1 per barrel and $57.2 per barrel for natural gas.
For the first half of 2024, the average production was 446 mboepd. However, planned maintenance activities are expected to affect the second half, leading to a revised full-year production forecast of 420-440 mboepd, up from 410-440 mboepd. The full Q2 report will be published on 12 July 2024, followed by a webcast presentation and Q&A session.
The annual general meeting of Aker BP ASA took place digitally with online participation. The board was re-elected, including new director Doris Reiter. All agenda items were approved except for a proposal from Norwegian People's Aid. Contact information and meeting minutes are available online.
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