Edition:
United Kingdom

Aker ASA (AKER.OL)

AKER.OL on Oslo Stock Exchange

628.00NOK
21 Aug 2018
Change (% chg)

kr6.00 (+0.96%)
Prev Close
kr622.00
Open
kr623.00
Day's High
kr629.00
Day's Low
kr616.00
Volume
113,079
Avg. Vol
97,935
52-wk High
kr660.00
52-wk Low
kr271.00

Latest Key Developments (Source: Significant Developments)

Aker: Net asset value rose 34.6 pct to $7.0 bln in Q2
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Aker ASA ::AKER ASA: SECOND-QUARTER AND HALF-YEAR RESULTS 2018 - NET ASSET VALUE OF NOK 57.1 BILLION.AKER Q2 NET ASSET VALUE 57.1 BILLION NORWEGIAN CROWNS ($7.00 billion)VERSUS NOK 42.4 BILLION IN Q1.IT IS HARD TO FIND A QUARTER WITH BETTER PERFORMANCE IN AKER'S 177-YEAR INDUSTRIAL HISTORY", SAID AKER PRESIDENT AND CEO ØYVIND ERIKSEN.AKER'S LIQUIDITY RESERVE, INCLUDING UNDRAWN CREDIT FACILITIES, STOOD AT NOK 4.5 BILLION AS PER 30 JUNE 2018.AKER Q2 PRETAX RESULT NOK 1 173 MILLION VERSUS NOK -201 MILLION IN Q2 2017.  Full Article

Aker ASA says ‍Aker Capital will not bid for Norske Skog​
Wednesday, 21 Mar 2018 

March 21 (Reuters) - Aker Asa ::AKER ASA: RESTRUCTURING OF NORSKE SKOG.‍AKER CAPITAL AND OCEANWOOD HAVE DECIDED TO TERMINATE THEIR AGREEMENT ON NORSKE SKOG​.‍PARTIES DID NOT COME TO AN AGREEMENT REGARDING TERMS OF A JOINT BID FOR NORSKE SKOG​.‍OCEANWOOD HAS INFORMED AKER CAPITAL THAT IT HAS PROCEEDED IN PROCESS WITHOUT AKER CAPITAL​.‍AKER CAPITAL WILL NOT PLACE AN INDEPENDENT BID FOR NORSKE SKOG​.  Full Article

CEO Haugan leaves Kvaerner, takes over as head of Aker Energy
Friday, 23 Feb 2018 

Feb 23 (Reuters) - Kvaerner Asa ::REG-KVÆRNER ASA: JAN ARVE HAUGAN LEAVES AS KVAERNER CEO, TAKES OVER AS HEAD OF AKER ENERGY.REG-KVÆRNER ASA: HAUGAN LEAVES AS KVAERNER CEO, TAKES OVER AS HEAD OF AKER ENERGY.‍IDAR EIKREM, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER IN KVAERNER, IS APPOINTED INTERIM CEO​.  Full Article

Aker ASA's Aker Energy to buy Hess Ghana, develop oilfield
Monday, 19 Feb 2018 

Feb 19 (Reuters) - Aker Asa ::AKER ENERGY, A 50-50 JOINT VENTURE BETWEEN AKER ASA AND TRG AS, REACHES AGREEMENT TO ACQUIRE HESS GHANA WITH AN AIM TO BUILD A SIGNIFICANT E&P ACTIVITY IN GHANA.‍AKER ENERGY TO ACQUIRE ITS INTERESTS IN GHANA CONSISTING OF A 50 PERCENT PARTICIPATING INTEREST IN DEEPWATER TANO CAPE THREE POINTS BLOCK​.‍TOTAL CASH CONSIDERATION FOR TRANSACTION IS USD 100 MILLION, CONSISTING OF USD 25 MILLION PAYABLE UPON CLOSING OF TRANSACTION AND A FURTHER USD 75 MILLION PAYABLE UPON APPROVAL OF PLAN FOR DEVELOPMENT AND OPERATION​.‍ACQUISITION IS SUBJECT TO APPROVAL FROM RELEVANT GHANAIAN AUTHORITIES AND OTHER CUSTOMARY CLOSING CONDITIONS​.‍DWT/CTP BLOCK COVERS APPROXIMATELY 2,010 SQUARE KILOMETRES IN A PROLIFIC PETROLEUM REGION​.‍IN LAST TEN YEARS, SEVEN EXPLORATION WELLS AND FIVE APPRAISAL WELLS HAVE BEEN DRILLED ON THIS BLOCK​.‍DISCOVERED CONTINGENT RESOURCES ARE ESTIMATED TO BE 550 MILLION BARRELS (2C) WITH A REMAINING PROSPECTIVE VOLUME UPSIDE OF APPROXIMATELY 400 MILLION BARRELS​.‍AKER ENERGY IS CURRENTLY PROGRESSING A COMMERCIALLY ROBUST DEVELOPMENT SOLUTION WITH A FAST-TRACK FIRST PHASE TARGETING APPROXIMATELY 400 MILLION BARRELS​.‍FIELD DEVELOPMENT CONCEPT WILL BE BASED ON A FPSO WITH A SUBSEA PRODUCTION SYSTEM​.‍SUBSEA PRODUCTION SYSTEM WILL BE DESIGNED TO FACILITATE RAPID TIE-BACKS TO CENTRALLY LOCATED FPSO IN SECOND PHASE​.‍PDO WILL BE SUBMITTED IN 2018 WITH ANTICIPATED FIRST OIL IN 2021​.  Full Article

Aker ASA raises 2017 dividend to NOK 18/share as net asset value jumps
Friday, 16 Feb 2018 

Feb 16 (Reuters) - Aker Asa ::NET ASSET VALUE UP BY 20.4 PER CENT TO NOK 41.8 BILLION - CASH DIVIDEND OF NOK 18 PER SHARE PROPOSED.Q4 NET ASSET VALUE NOK ‍41.8​ BILLION (NOK 34.7 BILLION IN Q3 2017).AKER PROPOSES DIVIDEND OF NOK ‍18​ PER SHARE FOR 2017 (VERSUS NOK 16 PER SHARE IN 2016).AKER Q4 PRETAX RESULT NOK 294‍​ MILLION ( VERSUS NOK 266 MILLION IN Q4 2016).AKER ASA - ‍STRONG UNDERLYING PERFORMANCE IN OUR PORTFOLIO COMPANIES, INCREASED UPSTREAM CASH FLOW TO AKER, M&A AND IMPROVED OUTLOOK IN OIL AND GAS HAVE BEEN MAIN CONTRIBUTORS TO POSITIVE DEVELOPMENT. IN 2018, WE WOULD LIKE TO SEE MORE OF SAME​.AKER ASA SAYS AKER BP CONTINUES TO EVALUATE NEW INVESTMENT OPPORTUNITIES. HENCE, AKER EXPECTS EVEN HIGHER DIVIDENDS FROM AKER BP IN THE YEARS TO COME AS PRODUCTION GROWS ORGANICALLY AND INORGANICALLY‍​.AKER ASA SAYS AKER BP CONTINUES TO EVALUATE NEW INVESTMENT OPPORTUNITIES. HENCE, AKER EXPECTS EVEN HIGHER DIVIDENDS FROM AKER BP IN THE YEARS TO COME AS PRODUCTION GROWS ORGANICALLY AND INORGANICALLY‍​.AKER ASA SAYS IMPROVING PROFITABILITY WILL BE A PRIORITY FOR AKER BIOMARINE UNIT IN 2018‍​.AKER ASA SAYS OCEAN YIELD SHOULD CONTINUE TO DIVERSIFY PORTFOLIO IN 2018.AKER ASA: LONGER TERM, AKER REMAINS POSITIVE ABOUT THE OUTLOOK FOR OIL AND GAS AND WILL THEREFORE CONTINUE TO EVALUATE STRATEGIC ALTERNATIVES AND OPPORTUNITIES IN THE SECTOR.  Full Article

Aker ASA plans NOK-denominated 5-year bond issue
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Aker Asa ::FIXED INCOME INVESTOR MEETINGS AND POTENTIAL NEW BOND ISSUE.‍HAS ENGAGED ARCTIC SECURITIES, NORDEA AND SEB TO ARRANGE A SERIES OF FIXED INCOME INVESTOR MEETINGS IN NORDIC REGION, COMMENCING ON TUESDAY 16 JANUARY 2018​.‍A NOK DENOMINATED SENIOR UNSECURED BOND ISSUE WITH FIVE YEAR TENOR MAY FOLLOW, SUBJECT TO INTER ALIA MARKET CONDITIONS​.‍PROCEEDS FROM POTENTIAL BOND ISSUE WILL BE USED FOR GENERAL CORPORATE PURPOSES​.  Full Article

Aker BP raises 2018 dividend plan to $450 mln, sees further increase
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Aker Bp Asa ::‍DURING 2017, AKER BP INCREASED ITS RESERVES (2P) BY A NET OF 202 MILLION BARRELS OF OIL EQUIVALENTS (MMBOE), TO A TOTAL OF 913 MMBOE​.‍TO INCREASE DIVIDENDS FOR 2018 TO USD 450 MILLION.CLEAR AMBITION TO GROW DIVIDENDS FURTHER IN COMING YEARS BY USD 100 MILLION ANNUALLY TO 2021​​.‍AKER BP'S PRO-FORMA PRODUCTION IN 2017 WAS 160 MBOEPD, INCLUDING PRODUCTION FROM HESS NORWAY​.‍2018 PRODUCTION IS EXPECTED TO BE BETWEEN 155 AND 160 MBOEPD, WITH AN AVERAGE PRODUCTION COST OF 12 USD/BOE​.‍WITH ITS CURRENT PORTFOLIO, COMPANY HAS POTENTIAL TO PRODUCE 330 MBOEPD IN 2023​.‍WHILE COMPANY'S OIL AND GAS RESERVES GREW TO 913 MMBOE AT END OF 2017, CONTINGENT RESOURCES WERE ESTIMATED AT 785 MMBOE AT YEAR-END 2017, EACH WITH AN INCREASE OF APPROXIMATELY 30 PERCENT FROM PREVIOUS YEAR​.‍ORGANIC RESERVE REPLACEMENT RATIO (RRR) WAS 2.3 TIMES PRODUCTION, AND TOTAL RRR WAS 4.5 TIMES.​.‍HAS AN AMBITION TO DISCOVER A NET OF 250 MMBOE OIL AND GAS IN 2016 - 2020 PERIOD​.‍COMPANY WILL CONTINUE ITS ACTIVE EXPLORATION STRATEGY IN 2018 WITH 12 EXPLORATION WELLS TO BE DRILLED, WITH RISKED PRE-DRILL ESTIMATES RANGING FROM 50 - 150 MMBOE NET TO AKER BP​.‍FURTHER INFILL WELLS AT ULA AND TAMBAR ARE BEING EVALUATED, AND ODA DEVELOPMENT IS ONGOING​.‍TAMBAR RE-DEVELOPMENT IS WELL UNDERWAY, EXPECTING FIRST OIL IN 2018​.2018 ‍CAPEX SEEN AT AROUND USD 1.3 BILLION​.2018 EXPEX SEEN AT AROUND USD 350 MILLION​.2018 DECOM EXPENDITURE SEEN AT AROUND USD 350 MILLION​.  Full Article

‍Aker BP produced 135,600 boe per day in Q4 2017, in line with guidance
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Aker Bp Asa ::AKERBP: FOURTH QUARTER 2017 PRODUCTION.‍AKER BP ASA PRODUCED 135.6 THOUSAND BARRELS OF OIL EQUIVALENTS PER DAY («MBOEPD») IN Q4 2017​.‍FOR YEAR 2017, COMPANY'S PRODUCTION AVERAGED 138.8 MBOEPD, IN LINE WITH LATEST GUIDANCE.  Full Article

Aker says Norske Skog would be added to its industrial portfolio
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Aker ASA and Oceanwood said on Thursday::Aker and Oceanwood to serve as "backstop bidder" in case no other bids emerge for norske skog plants -Oceanwood spokesman.Aker CEO on Norske Skog: "It would be a new industrial portfolio and diversification of our portfolio".Aker CEO: "Our main role is to fund our proportion a purchase price if our bid is successful. We will be equity owner.".  Full Article

Aker CEO says no plans to dilute stake in Aker BP
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Aker ASA Chief Executive Oeyvind Eriksen said::No plans to take Akastor private, will continue to be listed.Says has no plans to dilute stake in Aker BP.Wants to explore Kvaerner growth opportunities, both geografically and accross the business portfolio.  Full Article

Investment firm Aker sees higher dividend as net asset value rises

OSLO, July 18 Investment firm Aker, controlled by billionaire Kjell Inge Roekke, expects to pay higher dividends as the value of its energy-heavy portfolio rise, CEO Oevind Eriksen told Reuters on Wednesday.