Welcome to our dedicated page for Aker BP news (Ticker: AKRBY), a resource for investors and traders seeking the latest updates and insights on Aker BP stock.
Aker BP ASA U/ADR (AKRBY) is tied to Aker BP ASA, an oil and gas company in the crude petroleum and natural gas extraction industry. The news flow around Aker BP focuses on operational performance, exploration results, field development milestones, and dividend announcements, giving investors and observers insight into how the company manages its portfolio on the Norwegian Continental Shelf.
Regular quarterly results releases highlight oil and gas production in thousand barrels of oil equivalent per day, production efficiency, production costs per barrel of oil equivalent, and greenhouse gas emission intensity. These updates often describe high uptime, safe execution across the portfolio, and what Aker BP characterises as low emissions compared with the broader oil and gas sector. Trading updates provide preliminary production and sales figures and realised prices for liquids and natural gas ahead of full reports.
A key theme in recent news is the company’s project pipeline. Aker BP reports progress on major developments such as Yggdrasil, Valhall PWP-Fenris, Skarv Satellites, Utsira High, and Johan Sverdrup Phase 3. Articles detail milestones like final investment decisions, construction and drilling progress, and revisions to investment estimates. Exploration news has been particularly notable, with the Omega Alfa campaign in the Yggdrasil area described as a significant oil discovery and one of the largest commercial finds in Norway in a decade.
Dividend announcements form another recurring category of news, with multiple releases stating that Aker BP shares will trade ex-dividend on specified dates at USD 0.63 per share and providing indicative payment dates. Together, these news items give a structured view of Aker BP’s operations, growth projects, financial performance, emissions profile, and shareholder distributions, making the AKRBY news feed a useful reference for tracking company developments over time.
Aker BP (AKRBF) has released its preliminary Q2 2025 production and sales figures ahead of its full quarterly report. The company's equity production averaged 415.0 thousand barrels of oil equivalent per day (mboepd), with net sales volume of 413.8 mboepd due to underlift.
The company's realized prices were $66.9/boe for liquids and $68.7/boe for natural gas, both showing decreases from Q1 2025. The full Q2 2025 report will be released on July 15, 2025, followed by a management presentation and Q&A session.
Aker BP (OTC:AKRBF) has announced a final investment decision for Phase 3 of the Johan Sverdrup field development, Norway's largest oil-producing field. The project, valued at NOK 13 billion, includes new subsea infrastructure that will increase recoverable volumes by 40-50 million barrels of oil equivalent.
The development involves installing two new subsea templates with pipeline connections to existing infrastructure. Production is scheduled to commence in Q4 2027. Aker BP holds a 31.6 percent working interest in the field, which is operated by Equinor. The project aims to support the partnership's goal of achieving 75 percent recovery from the field.
The company has submitted a notification to authorities under the existing plan for development and operation (PDO), pending regulatory approval. This investment aligns with previous guidance for investments and production outlook.
Aker BP (OTCQX: AKRBF) has announced that its shares will trade ex-dividend starting May 12, 2025. The dividend amount is set at USD 0.63 per share (equivalent to NOK 6.51735). Shareholders can expect the dividend payment to be distributed on or around May 21, 2025.
Aker BP (AKRBF) has released its Q1 2025 trading update, reporting an average equity production of 441.4 thousand barrels of oil equivalent per day (mboepd). Due to overlift, net volume sold during the quarter reached 457.6 mboepd, comprising 394.0 mboepd of liquids and 63.5 mboepd of natural gas.
The company's realized prices for Q1 2025 were:
- Liquids: $75.0 per barrel of oil equivalent (boe)
- Natural gas: $85.2 per boe
Compared to Q4 2024, production slightly decreased from 449.2 mboepd, while realized prices showed improvement from $74.1 for liquids and $79.0 for natural gas. The full Q1 2025 report will be released on May 7, 2025, at 06:00 CEST, followed by a management presentation and Q&A session at 08:30 CEST.
Aker BP has extended its Well Intervention and Stimulation Alliance agreement with SLB and Stimwell Services for another five years, following their successful collaboration since 2019. The alliance, signed on April 2, 2025, at Aker BP's headquarters, has achieved significant milestones including simultaneous operations using jack-up rigs and the world's first autonomous intervention operation.
The partnership focuses on digital transformation through integrated operations between subsurface and operational domains, expanding remote operations capabilities, and accelerating new technology deployment. A key initiative includes utilizing an upgraded stimulation vessel to optimize the new Valhall PWP wells for enhanced production.
The alliance has demonstrated success in meeting production targets through digital workflows, resulting in increased productivity, lower risk, and improved success rates. Their strategy aims to maintain top-quartile performance while developing future-proof capabilities for oil and gas production with low cost and low emissions.
Aker BP (OSE: AKRBP, OTCQX: AKRBF) has announced that its shares will trade ex-dividend starting February 17, 2025. The dividend amount is set at USD 0.63 (NOK 7.06381) per share, with the payment scheduled for around February 25, 2025.
Aker BP reported strong Q4 2024 results with oil and gas production reaching 449 thousand barrels of oil equivalent per day (mboepd) and 439 mboepd for the full year 2024, near the high end of guidance. The company achieved production costs of USD 5.7 per barrel in Q4 and USD 6.2 for the full year, below guidance of USD 6.5.
Financial highlights include total income of USD 3.1 billion, EBITDA of USD 2.7 billion, and net profit of USD 562 million for Q4. The company generated record-high cash flow from operations at USD 6.4 billion for 2024. Dividends increased 5% to USD 2.52 per share for 2025.
For 2025, Aker BP projects production between 390-420 mboepd, capital expenditures of USD 5.5-6.0 billion, and production costs around USD 7 per barrel. The company maintains a clear pathway to sustain production above 500,000 barrels per day beyond 2030.
Aker BP has released its preliminary Q4 2024 production and sales figures. The company's equity production averaged 449.2 thousand barrels of oil equivalent per day (mboepd) for the quarter, with net sales volume of 439.2 mboepd due to underlift. For the full year 2024, production averaged 439 mboepd, reaching the higher end of the guided range of 430-440 mboepd.
The company's Q4 realized prices were $74.1/boe for liquids and $79.0/boe for natural gas. The quarterly production mix included 373.5 mboepd of liquids and 65.7 mboepd of natural gas. Aker BP will publish its complete Q4 2024 report and annual strategy update on February 12, 2025.
Aker BP has been awarded ownership interest in 19 exploration licenses on the Norwegian continental shelf in the APA 2024 licensing round, including operatorship for 16 of these licenses. The awards span both the North Sea and Norwegian Sea regions, strengthening the company's position as the leading independent exploration company in the area.
A notable highlight includes operatorship of the former Frigg field west of Yggdrasil, where drilling is planned for Q2 2025. The company's strategy focuses on balancing exploration near existing infrastructure with potential standalone developments. The awards were part of a broader announcement where 20 companies received interests in 53 total licenses in mature areas with known geology and established infrastructure.