|Bid||555.00 x 108400|
|Ask||557.00 x 111700|
|Day's Range||551.00 - 568.00|
|52 Week Range||358.00 - 746.00|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||20.89|
|Earnings Date||Feb 14, 2019|
|Forward Dividend & Yield||18.00 (3.11%)|
|1y Target Est||689.00|
Energy firms could save an annual $73 billion (56.43 billion pounds) within five years in oil and gas exploration and production by making better use of existing computing technology, energy consultancy Wood Mackenzie said. Exploration and production, known as the upstream industry, requires energy firms to analyse huge amounts of seismic and geological data and to monitor and maintain offshore platforms and other complex assets, often in high-risk environments. In a report on how technology can be used for these tasks and potential savings, Wood Mackenzie (Woodmac) said many firms could spend less by buying technology and know-how from outside of the industry.
European energy stocks are on track for the worst quarter since 2015 as equity investors retreat from a sector dragged down by declining oil prices. The MSCI European Energy index, comprised of European resources companies including BP and Eni, is down 8.5 per cent on the quarter.
The Aker share increased 17.8 per cent in the third quarter, which compares to a 6.7 per cent increase in the Oslo Stock Exchange’s benchmark index (“OSEBX”). “In the third quarter, Aker’s NAV and share price reached all time high. Overall, Aker’s portfolio companies continue to perform well and focus remain on further value creation.
Aker ASA will publish its third-quarter results for 2018 on the Oslo Stock Exchange on Thursday 8 November 2018. The results presentation will be held at Aker`s headquarters at Fornebuporten, Oksenøyveien ...
Norway's Aker BP (AKERBP.OL) beat third-quarter operating profit forecasts on Friday, helped by higher oil prices, and trimmed its plans for capital and exploration spending, boosting hopes for a dividend increase. Meanwhile, Aker BP said it now expected $1.25 billion in 2018 capital spending, down from a target of $1.3 billion, as projects under development were progressing smoothly. Chief Executive Karl Johnny Hersvik had told Reuters in September he expected output to top 200,000 boed by end-2019 after Norway's giant Johan Sverdrup oilfield starts up.
The contracts were formally awarded to Maersk Drilling, PMD Viking Ghana Limited, Halliburton Ghana Limited and Exceed Well Management Ghana Limited at a signing ceremony in Accra, attended by representatives from the main office in Oslo on videolink. This will provide valuable and important input in optimising the Plan of Development for the field and in understanding the wider potential of the block," said Mr. Jan Arve Haugan, CEO of Aker Energy. The drilling contract with Maersk Drilling is for one firm well, Pecan-4A, and two optional wells.
When the owners of Norwegian oil firm Aker BP (AKERBP.OL) decided to digitise its assets and operations, they searched high and low for the right software company. Less than two years later, Cognite is selling its software to Aker BP's rivals and one competitor, Sweden's Lundin Petroleum (LUPE.ST), has even agreed to share its real-time oilfield data with Aker in what they say is an industry first. "This will be the first time two different operators, or oil companies, will share operations/production data live from two producing fields, that is between Edvard Grieg and Ivar Aasen," a Lundin Norway representative told Reuters.
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. Aker's net asset value surged by over a third to 57.1 billion crowns ($7.00 billion) during the second quarter, equal to 769 crowns per share. It was helped by a rise in oil firm Aker BP, in which it holds a 40 percent stake created through a string of transactions when oil price were low, including a merger with BP's Norwegian assets.
The net asset value ("NAV") of Aker ASA and holding companies ("Aker") increased by 34.6 per cent in the second quarter to NOK 57.1 billion (NOK 769 per share), compared to NOK 42.4 ...
Aker ASA will publish its second-quarter and first-half results for 2018 on the Oslo Stock Exchange on Wednesday 18 July 2018, at 07:00 CEST. The results will be presented by audio webcast at 09:00 a.m. ...
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. In the past 10 years AkerRead More...
Aker ASA ("Aker") has carried out its employee share purchase programme for the year. Participants in the share purchase programme were offered a discount of 20 per cent on the closing share ...
Aker Energy will work closely with licence partners and authorities to submit a Plan of Development ("PoD") in second half of 2018 with anticipated first oil in fourth quarter of 2021. "We are very pleased to announce the completion of our acquisition of Hess Ghana, marking our formal entrance as an E&P company in Ghana.
Reference is made to the stock exchange release of Aker ASA (the " Company ") dated 30 May 2018 concerning an offer to buy back shares in connection with the Company`s employee share purchase ...
In connection with the employee share purchase programme of Aker ASA (the "Company"), the Company`s employee bonus scheme, as well as for other corporate purposes, the Company hereby launches an offer to all shareholders in the Company to buy back up to 50,000 shares in Aker ASA. The offer will be carried out through a bookbuilding process with an offer price of up to NOK 597 per share. The maximum price per share is the closing price of the Company`s shares on 30 May 2018 and a premium of 2.5 per cent. Per 30 May 2018 the Company owns 15,733 own shares.
Reference is made to the notification sent today regarding a potential tap issue by Aker ASA. Aker ASA has completed a tap issue of NOK 500 million in the outstanding NOK 1,500 million senior unsecured ...
Aker ASA is contemplating a tap issue of up to NOK 500 million in the outstanding NOK 1,500 million senior unsecured bond issue with ISIN NO0010814502 and maturity in January 2023 (AKER14). The net proceeds ...
OSLO (Reuters) - Aker (AKER.OL), an investment vehicle of Norwegian billionaire Kjell Inge Roekke, will explore options for its stake in oil startup Aker Energy after submitting a development plan for ...
The net asset value ("NAV") of Aker ASA and holding companies ("Aker") increased by 1.6 per cent in the first quarter to NOK 42.4 billion (NOK 571 per share), compared to NOK 41.8 billion ...
Norway's Aker BP (AKERBP.OL), partly owned by oil major BP (BP.L), beat quarterly earnings forecasts on Monday, helped by record output and higher oil prices, and said it may drill more wells this year than previously planned. The company, controlled by a Norwegian billionaire Kjell Inge Roekke, is focusing more on developing its existing business after growing via a series of acquisitions, including last year’s purchase of Hess (HES.N) assets for $2 billion (1.5 billion pounds).
Italian oil services group Saipem (SPMI.MI) is looking round for growth opportunities after a bid by rival Subsea 7 (SUBC.OL) for U.S. contractor McDermott (MDR.N) sent waves through the sector. "The bid is a sign of consolidation in the sector that needs to be monitored closely," Saipem CEO Stefano Cao said on Tuesday in a conference call after first quarter results. Subsea 7 made an unsolicited offer worth about $2 billion for McDermott on Monday, a deal that could make the Oslo-listed contractor a market leader for subsea equipment.
Reference is made to the resolution by the General Meeting in Aker ASA on 20 April 2018 to distribute a dividend of NOK 18.00 per share. Aker ASA shares will trade exclusive of dividend of NOK 18 per share ...