Norwegian billionaire Kjell Inge Roekke on Feb. 23 moved the CEO of his platform-building company Kvaerner to the helm of his new oil company, Aker Energy, which will be developing a big oil field off Ghana.
Aker Energy said on Feb. 19 it had acquired Hess Corp.’s business in the West African country in a $100 million deal and had plans to develop a “significant” E&P business there.
Top of the list is development of the Tano Cape Three Points block, which holds an estimated 550 million barrels of oil equivalent, with a development plan due this year and production due to start in 2021.
Jan Arve Haugan will take the helm of Aker Energy on March 1, after leading Kvaerner since 2011.
Aker Energy is an oil firm owned 50% by Aker, Roekke’s main listed investment vehicle and 50% by TRG, the businessman’s privately held holding company.
Recommended Reading
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
2024-03-13 - TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
For Sale, Again: Oily Northern Midland’s HighPeak Energy
2024-03-08 - The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.
E&P Highlights: Feb. 26, 2024
2024-02-26 - Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.
Gibson, SOGDC to Develop Oil, Gas Facilities at Industrial Park in Malaysia
2024-02-14 - Sabah Oil & Gas Development Corp. says its collaboration with Gibson Shipbrokers will unlock energy availability for domestic and international markets.
E&P Highlights: Feb. 16, 2024
2024-02-19 - From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.