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 ASA (OSE: AKRBP) (OTCQX: AKRBF) announced that its shares will trade ex-dividend USD 0.60 (NOK 6.5946) per share starting November 4, 2024. The company has scheduled the dividend payment for around November 13, 2024.
Aker BP reported strong Q3 2024 results with oil and gas production averaging 415 mboepd. The company raised its full-year production guidance to 430-440 mboepd and lowered cost guidance to USD ~6.5 per barrel. Financial highlights include EBITDA of USD 2.6 billion, net profit of USD 173 million, and record-high operating cash flow of USD 2.8 billion. The Tyrving field commenced production five months ahead of schedule. The company maintains a quarterly dividend of USD 0.60 per share and improved its debt profile through new 10- and 30-year bonds.
Aker BP (OSE: AKRBP) has released preliminary production and sales figures for Q3 2024. The company's equity production averaged 414.7 thousand barrels of oil equivalent per day (mboepd), a decrease from the previous quarter due to planned maintenance activities. Net volume sold was 391.3 mboepd, reflecting an underlift in the quarter.
Key figures for Q3 2024:
- Net production: 414.7 mboepd
- Net volume sold: 391.3 mboepd (345.0 mboepd liquids, 46.4 mboepd natural gas)
- Realized prices: $80.3/boe for liquids, $63.5/boe for natural gas
The full Q3 2024 report will be released on October 30, 2024, at 06:00 CET, followed by a management presentation and Q&A session at 08:30 CET.
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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