The cost of Aker BP's major ongoing oil and gas development projects, Yggdrasil and Valhall-Fenris, has risen by 9.8% and 23%, respectively, from nominal estimates a year ago, data from the government's fiscal budget showed on Wednesday.
LYSAKER, Norway, Oct. 2, 2026 /PRNewswire/ -- Aker BP has appointed a new executive management team, effective 1 January 2027. The new team will be organised around the company's value chain, from exploration to production, to strengthen collaboration, reduce complexity and improve execution.
Norway's Aker BP has made a small gas discovery in the North Sea, 25 kilometres (15.53 miles) north of the Duva field, the Norwegian offshore directorate said on Wednesday.
Norway's Aker BP said on Wednesday it had started oil and gas production from its Skarv Satellite Project, which comprises the Alve Nord, Idun Nord and Oern fields in the Norwegian Sea.
Equinor , Aker BP and Vaar Energi plan to cooperate on oil and gas exploration in so-called high-impact frontier areas of Norway's continental shelf, the companies said on Monday.
Norway's Aker BP said on Monday a redetermination process will slightly increase its stake in Johan Sverdrup, western Europe's largest producing oil field, granting it more output.
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