Tuesday, January 28, 2025

Aker BP Closes Hess Norge Deal at $2 Billion

Norwegian Aker BP (ticker: AKERBP) and Hess Corporation (ticker: HES) have completed the previously announced sale of Hess Norge to Aker BP for $2 billion, effective January 1, 2017. Hess Norge owns interests in the Valhall (64.05%) and Hod (62.5%) fields in Norway. The two fields are producing a net 24 MBOEPD. Aker said that the two plays had a

Bakken: N.D. Oil Leaders Credit Dakota Access Pipeline for 2017 Production Rebound

But North Dakota is going to need massive processing and takeaway investment on the natural gas side From the Bismarck Tribune North Dakota oil production returned to near-record levels in 2017, which one industry leader credited in part to the Dakota Access Pipeline. “It has been a game-changer,” said Ron Ness, president of the North Dakota Petroleum Council. The pipeline