|Bid||369.00 x 108400|
|Ask||372.00 x 111700|
|Day's Range||367.00 - 374.00|
|52 Week Range||271.00 - 389.00|
|PE Ratio (TTM)||1.90|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Norwegian oil firm Aker BP (AKERBP.OL) has agreed to sell 10 percent stakes in two North Sea fields to private equity-backed Pandion Energy for an undisclosed amount to help pay for expansion plans in the area, it said on Monday. The deal will leave Aker BP with holdings of 90 percent in each field, and will help pay for projects such as the Valhall Flank West, which is estimated to come on stream in 2020. Aker BP in October announced a $2 billion deal to buy Hess Corp's (HES.N) 64.05 percent stake in the Valhall field and 62.5 percent in Hod, raising its ownership to 100 percent, but added it would seek a partner for the licences.
Aker BP (AKERBP.OL) will add the Norwegian operations of U.S. oil company Hess (HES.N) to its expanding exploration and production portfolio under a $2 billion (1.52 billion pounds) deal announced on Tuesday. Under billionaire investor Kjell Inge Roekke, who controls a 40 percent stake, the Norwegian company has made eight acquisitions since 2014 including a merger with BP's Norway operations in mid-2016. The Hess operations will bolster Aker's production by about 17 percent, or 24,000 barrels of oil equivalents per day (boepd), the company said, adding it also saw significant potential for expansion.
Aker BP has agreed to buy the Norwegian unit of U.S. oil firm Hess in a $2 billion deal to further expand its portfolio, the companies said on Tuesday. Aker BP will raise $500 million in new equity to help pay for the deal, in a share issue fully underwritten by its top owners, investment firm Aker ASA and oil major BP . "Aker BP has a clear ambition to be the leading independent offshore exploration and production (E&P) company.
Rating Action: Moody's assigns Ba2 rating to Aker BP; Stable outlook. Global Credit Research- 14 Jun 2017. London, 14 June 2017-- Moody's Investors Service has assigned a first-time Ba2 Corporate Family ...
Norwegian investment firm Aker ASA does not plan to announce any news regarding its holdings in engineering firm Aker Solutions, where it is the top owner, an Aker spokesman said on Tuesday. Financial ...