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Aker ASA (AKER.OL)

AKER.OL on Oslo Stock Exchange

673.00NOK
17 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Aker Energy eyes IPO later this year
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Aker ASA Senior VP of Field Development, Stefan Johansson, told a conference on Wednesday::AKER ENERGY IS LOOKING AT LAUNCHING A POSSIBLE IPO AFTER SUMMER 2019 - COMPANY OFFICIAL.AKER ENERGY EYES START-UP OF GHANA OIL PRODUCTION IN 2022 -COMPANY OFFICIAL.AKER ENERGY EXPECTS TO ANNOUNCE RESULTS OF LATEST APPRAISAL DRILLING AT PECAN DISCOVERY IN GHANA IN COUPLE OF WEEKS -COMPANY OFFICIAL.AKER ENERGY HOPES TO HAVE DEVELOPMENT PLAN FOR PECAN FIELD TO BE APPROVED IN SUMMER 2019 -COMPANY OFFICIAL.  Full Article

Aker Energy makes additional oil discovery offshore Ghana
Monday, 4 Mar 2019 

March 4 (Reuters) - Aker ASA ::AKER ASA: AKER ENERGY ANNOUNCES SUCCESSFUL DRILLING RESULTS OFFSHORE GHANA.AKER ENERGY, AS OPERATOR OF DEEPWATER TANO CAPE THREE POINTS (DWT/CTP) BLOCK, ANNOUNCES THAT IT ENCOUNTERED OIL IN PECAN SOUTH-1A WELL OFFSHORE GHANA. A SIDETRACK WILL NOW BE DRILLED TO FURTHER APPRAISE VOLUME POTENTIAL.VOLUMES WILL BE AN ADDITION TO GROSS CONTINGENT RESOURCES (2C) FROM EXISTING DISCOVERIES IN AREA, PREVIOUSLY ESTIMATED TO 450 - 550 MMBOE.AKER ENERGY IS IN PROCESS OF ANALYZING WELL RESULT AND WILL COMMENCE FURTHER DRILLING IN ORDER TO VERIFY VOLUME ESTIMATE.ESTIMATES THAT TOTAL VOLUMES TO BE INCLUDED IN A PLAN OF DEVELOPMENT (POD) HAVE POTENTIAL TO INCREASE TO BETWEEN 600 - 1,000 MMBOE.AKER ENERGY SEES FURTHER UPSIDES IN AREA. COMPANY HAS IDENTIFIED MULTIPLE WELL TARGETS TO BE DRILLED AS PART OF A GREATER AREA DEVELOPMENT AFTER SUBMISSION OF POD.AKER ENERGY IS OPERATOR OF DWT/CTP BLOCK WITH A 50% PARTICIPATING INTEREST.AKER ENERGY'S PARTNERS ARE LUKOIL (38%), GHANA NATIONAL PETROLEUM CORPORATION (GNPC) (10%) AND FUELTRADE (2%).  Full Article

Aker's net asset value fell 34 pct in Q4 as oil price plunged
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Aker ASA ::FOURTH-QUARTER AND PRELIMINARY ANNUAL RESULTS 2018 - NET ASSET VALUE OF NOK 41.7 BILLION – CASH DIVIDEND OF NOK 22.50 PER SHARE PROPOSED.AKER Q4 NET ASSET VALUE NOK 41.7 VERSUS NOK 63.3 BILLION IN Q3 2018, A FALL OF 34.1 PCT.AKER PROPOSES DIVIDEND OF NOK 22.50 PER SHARE FOR 2018 VERSUS NOK 18 PER SHARE FOR 2017.WE RECEIVED A RECORD HIGH NOK 2.2 BILLION IN UPSTREAM CASH FROM OUR PORTFOLIO COMPANIES IN 2018, AND IN 2019 WE EXPECT UPSTREAM DIVIDENDS TO EXCEED NOK 3 BILLION.DIVIDEND PROPOSED IS IN UPPER END OF RANGE.PLEASED TO SAY THAT VALUE DECLINE LAST QUARTER DID NOT AFFECT UNDERLYING DEVELOPMENT OF OUR INVESTMENTS.  Full Article

Aker BP makes North Sea oil and gas discovery
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Aker Bp Asa ::AKERBP: DISCOVERY AT FROSKELÅR.WELL HAS ENCOUNTERED OIL AND GAS.PRELIMINARY ANALYSIS INDICATES A GROSS DISCOVERY SIZE WITHIN PREVIOUSLY COMMUNICATED ESTIMATE OF 45-153 MILLION BARRELS OIL EQUIVALENTS.FROSKELÅR MAIN IS LOCATED IN ALVHEIM AREA AND FOLLOWS FROSK DISCOVERY FROM LAST YEAR.MAJOR PART OF DISCOVERY IS IN LICENCE 869 ON NORWEGIAN CONTINENTAL SHELF, WHILE A PART MAY STRADDLE UK-NORWEGIAN BORDER IN NORTH SEA.DRILLING OPERATION WILL CONTINUE, AND A COMPREHENSIVE DATA COLLECTION PROGRAM WILL BE PERFORMED TO DETERMINE SIZE AND QUALITY OF DISCOVERY.AKER BP IS OPERATOR AND HOLDS 60 PERCENT INTEREST IN LICENCE 869. PARTNERS ARE LUNDIN NORWAY (20 PERCENT) AND VÅR ENERGI (20 PERCENT).  Full Article

Aker BP CFO to join Aker ASA
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Aker Bp Asa ::DAVID TORVIK TØNNE AND LENE LANDØY JOIN EXECUTIVE MANAGEMENT TEAM OF AKER BP.ALEXANDER KRANE, WHO IS CURRENTLY CFO OF AKER BP, WILL MOVE TO A POSITION AS INVESTMENT DIRECTOR AT AKER ASA.AKER BP IS REORGANIZING ITS FINANCE FUNCTIONS. DAVID TORVIK TØNNE BECOMES NEW CFO, WHILE LENE LANDØY BECOMES DIRECTOR WITH RESPONSIBILITY FOR STRATEGY AND BUSINESS DEVELOPMENT.  Full Article

Aker: Aker Energy sees potential of 1 bln boe in Ghana development
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Aker Energy (owned 50 pct by Aker and 50 pct by Kjell Inge Roekke)::AKER ENERGY, OPERATOR OF THE DEEPWATER TANO CAPE THREE POINTS (DWT/CTP) BLOCK, SAYS IT IS ABOUT TO COMPLETE A SUCCESSFUL DRILLING OPERATION OF THE PECAN-4A APPRAISAL WELL OFFSHORE GHANA.AKER ENERGY: BASED ON SEISMIC, WELLS DRILLED AND AN ANALYSIS OF THE PECAN-4A WELL RESULT, THE EXISTING DISCOVERIES ARE ESTIMATED TO CONTAIN GROSS CONTINGENT RESOURCES (2C) OF 450 – 550 MILLION BARRELS OF OIL EQUIVALENT.AKER ENERGY ESTIMATES THAT WITH THE NEXT TWO APPRAISAL WELLS TO BE DRILLED, THE TOTAL VOLUMES TO BE INCLUDED IN A PLAN OF DEVELOPMENT (POD) HAVE THE POTENTIAL TO INCREASE TO BETWEEN 600 – 1,000 MMBOE.AKER ENERGY: IN ADDITION, THERE ARE IDENTIFIED MULTIPLE WELL TARGETS TO BE DRILLED AS PART OF A GREATER AREA DEVELOPMENT AFTER SUBMISSION OF THE POD.AKER ENERGY IS THE OPERATOR OF THE DWT/CTP BLOCK WITH A 50% PARTICIPATING INTEREST.AKER ENERGY’S PARTNERS ARE LUKOIL (38%), THE GHANA NATIONAL PETROLEUM CORPORATION (GNPC) (10%) AND FUELTRADE (2%).AKER ENERGY: WE SEE THE FOUNDATION FOR A PHASED DEVELOPMENT PRODUCING THROUGH SEVERAL PRODUCTION UNITS OFFSHORE GHANA.  Full Article

Aker ASA Q3 net asset value rises to NOK 63.3 billion
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Aker ASA ::REG-AKER ASA: THIRD-QUARTER RESULTS 2018 - NET ASSET VALUE OF NOK 63.3 BILLION.AKER Q3 NET ASSET VALUE NOK 63.3 BILLION ($7.59 BILLION)VERSUS NOK 57.1 BILLION IN Q2.  Full Article

Aker CEO sees Aker Energy IPO in 2019, eyes Cognite within 2 years
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Aker ASA ::AKER ASA CEO SAYS INDUSTRY DATA COMPANY COGNITE MAY EVENTUALLY BE LISTED.AKER ASA CEO SAYS COGNITE LISTING COULD TAKE PLACE "WITHIN A COUPLE OF YEARS".AKER ASA CEO SAYS AKER ENERGY IS EXPECTED TO LAUNCH AN IPO IN 2019.  Full Article

Aker CEO: Aker Solutions ready for M&A, with conditions
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Aker ASA CEO says::AKER SOLUTIONS <<>> IS READY TO PARTICIPATE IN MARKET CONSOLIDATION IF THE RESULT IS ENHANCED COMPETITIVENESS AND SHAREHOLDER VALUE.  Full Article

Aker BP's Q1 output rose to 158,600 boe/day
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Aker BP ASA ::AKERBP: FIRST QUARTER 2018 PRODUCTION.PRODUCED 158.6 THOUSAND BARRELS OF OIL EQUIVALENTS PER DAY IN Q1 2018 VERSUS 135.6 THOUSAND BOED IN Q4.AKER BP'S INTEREST IN THE VALHALL AND HOD FIELDS INCREASED TO 90% FROM FIRST QUARTER 2018.  Full Article

Aker Energy submits $4.4 bln Ghana oilfield development plan

OSLO, March 28 Norwegian oil startup Aker Energy has submitted to Ghana a $4.4 billion plan for developing an offshore oilfield, it's shareholder Aker said on Thursday.