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Aker ASA (AKER.OL)

AKER.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Aker says Norway, Brazil contract opportunities crucial to Aker Solutions
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Aker ASA Chief Executive Oeyvind Eriksen said on Thursday::Oil service market is improving, several subsea projects expected to be awarded shortly, with majority in Norway and Brazil.Those contract awards would be crucial for Aker Solutions going forward.  Full Article

Aker and Oceanwood seek to buy key unit of crisis-stricken Norske Skog​
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - AKER ASA ::REG-AKER ASA: INVITED INTO THE RESTRUCTURING OF NORSKE SKOG.‍AKER CAPITAL AS, A WHOLLY OWNED SUBSIDIARY OF AKER ASA, AND OCEANWOOD CAPITAL MANAGEMENT LP, HAVE ENTERED INTO AN AGREEMENT TO ESTABLISH A COMPANY FOR PURPOSE OF BIDDING FOR SHARES IN NORSKE SKOG AS, A SUBSIDIARY OF THE LISTED NORSKE SKOGINDUSTRIER​.‍OCEANWOOD IS A CREDITOR IN THE COMPANY, AND HOLDS ALL OF NSF SECURITISATION FACILITY AND A MAJORITY OF SENIOR SECURED NOTES ( SSN). AKER AND OCEANWOOD WILL BE 50/50 OWNERS OF NEW COMPANY.​.  Full Article

Aker's net asset value rose to NOK 34.7 billion in Q3
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Aker Asa :Q3 net asset value NOK 34.7​ billion (NOK 28.8 billion in Q2 2017).‍this year we will receive more than nok 1.5 billion in upstream dividend to Aker and next year we expect even more​.Q3 pretax result nok 229‍​ million (nok 158 million in q3 2016).  Full Article

Aker BP says share issue fully subscribed at NOK 184
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Aker BP Asa :NOK 4.1 billion private placement fully subscribed.‍Raising gross proceeds of NOK 4,084 million ($501.02 million). Price per share was nok 184 per share​.‍subscription price of nok 182.5 per share and nok 1.5 per share as payment for associated right to cash dividend of usd 0.185.‍investors who participate in private placement are informed that shares offered in private placement will be delivered inclusive of right to receive cash dividend.Aker Capital AS pre-committed 40 pct of the placement.BP Global Investments Limited subscribed for 30 pct.  Full Article

Aker BP in $2 billion deal to buy Norway unit of Hess
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Aker Bp Asa :Aker bp acquires Hess Norge for a cash consideration of USD 2.0 billion.‍through transaction, aker bp strengthens its production and resource base, and becomes sole owner of valhall and hod fields​.‍transaction will be financed through aker bp's existing long-term reserve based lending bank facility, and by issuance of usd 500 million in new equity​.‍issue price will be determined through a book building process​.‍aker asa ("aker") and bp plc ("bp") will subscribe for 40 per cent and 30 per cent of shares to be issued, respectively, at price determined through bookbuilding process, or minimum nok 155 per share​.‍in addition, aker and bp will underwrite remaining shares to be issued at nok 155 per share​.‍acquisition will strengthen aker bp's position on norwegian continental shelf​.‍both production and reserves will increase significantly​.  Full Article

Aker Energy buys Hess Ghana business, expects first oil in 2021

OSLO Norwegian billionaire Kjell Inge Roekke's Aker Energy plans "significant" oil exploration and production in Ghana after a $100 million deal to buy Hess Corporation's business there.