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Hitachi Energy has been selected by Aker BP as a technology partner for the NOAKA power-from-shore project off the Norwegian coast.

Norway's oil ministry approved two Aker BP projects that would add about 930 MMboe to its North Sea assets.

Aker BP said lower oil prices offset higher gas prices and increased volumes.

Aker has signed Multiconsult to a civil engineering contract for the electrification of the Yggdrasil area oil and gas project and expects to start construction for the power project this month.

The Yggdrasil project aims to recover 650 MMboe while the Valhall extension project targets about 137 MMboe.

The Kobra East & Gekko project has been delivered early and under the original budget of $710 million (NOK 8 billion).

The first unmanned surface vessel is expected to be ready for offshore operations in 2025.

The Aker BP and Lundin Energy merger has been given a green light from all necessary authorities.

The green light paves the way for final approval by the Petroleum and Energy Ministry of the development plans for the Yggdrasil area and the Valhall field extension project.

'It is the first time that production equipment has been re-used in a new field development on the NCS'.