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Vår Energi AS

About

Vår Energi is the largest independent exploration and production company on the Norwegian continental shelf. Vår Energi operates oil and gas production across the entire shelf, with fields in the Barents Sea, the Norwegian Sea and the North Sea. The company is committed to further explore, develop and produce resources and reserves from its high-quality portfolio of licenses. The company’s 800 employees work at the offshore fields and onshore office locations; headquarters at Forus in the Stavanger region, and branch offices in Hammerfest and Oslo.

Vår Energi is owned by the integrated energy company Eni (69.6%) and the Norway based leading private equity investor HitecVision (30.4%).

Editor's note: Updated Sept. 26, 2019.

Headquarters Address

Norway

Transactions

Report Date Amount (MM) Description
2019-12-10 $4,500.00

Exxon Mobil To Sell Norway Upstream Operations To Vår Energi For $4.5 Billion

Exxon Mobil To Sell Norway Upstream Operations To Vår Energi For $4.5 Billion

Report Date Amount (MM) Description
2018-12-10 --

Eni Ups Norwegian Offshore Bet With Point Resources Merger

Eni Ups Norwegian Offshore Bet With Point Resources Merger

Report Date Amount (MM) Description
2018-12-10 --

Eni Ups Norwegian Offshore Bet With Point Resources Merger

Eni Ups Norwegian Offshore Bet With Point Resources Merger

2100-10-01 $000.00

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2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

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News

E&P Highlights: July 15, 2024

Here’s a roundup of the latest E&P headlines, including Freeport LNG’s restart after Hurricane Beryl and ADNOC’s deployment of AI-powered tech at its offshore fields.

E&P Highlights: July 1, 2024

Here’s a roundup of the latest E&P headlines, including the Israeli government approving increased gas export at the Leviathan Field and Equinor winning a FEED contract for the all-electric Fram Sør Field.

E&P Highlights: May 28, 2024

Here’s a roundup of the latest E&P headlines, including production start up at a field using an innovative emissions reduction technology.

E&P Highlights: May 13, 2024

Here’s a roundup of the latest E&P headlines, with a couple fields coming online, as well as new contract awards.

Vår Selling Norne Assets to DNO

In exchange for Vår’s producing assets in the Norwegian Sea, DNO is paying $51 million and transferring to Vår its 22.6% interest in the Ringhorne East unit in the North Sea.

Ithaca Deal ‘Ticks All the Boxes,’ Eni’s CFO Says

Eni’s deal to acquire Ithaca Energy marks a “strategic move to significantly strengthen its presence” on the U.K. Continental Shelf and “ticks all of the boxes” for the Italian energy company.

Vår Energi Hits Oil with Ringhorne North

Vår Energi’s North Sea discovery de-risks drilling prospects in the area and could be tied back to Balder area infrastructure.

Green Light for ConocoPhillips’ Eldfisk Nord

ConocoPhillips is expected to begin production at its Eldfisk Nord project before the first quarter ends.

E&P Highlights: Feb. 12, 2024

Here’s a roundup of the latest E&P headlines, including more hydrocarbons found offshore Namibia near the Venus discovery and a host of new contract awards.

Eni, Vår Energi Wrap Up Acquisition of Neptune Energy Assets

Neptune retains its German operations, Vår takes over the Norwegian portfolio and Eni scoops up the rest of the assets under the $4.9 billion deal.

Three Norwegian Oil, Gas Field Permits Invalidated on Environmental Grounds

Output at Breidablikk can continue until the end of 2024, but the developments of the two other offshore fields must be halted, in a win for environmentalist groups.

Ministry Offers 62 Licenses Offshore Norway in APA 2023

Sixteen of the new awards from the Norwegian Offshore Directorate add acreage to existing production licenses.

E&P Highlights: Jan. 8, 2024

Here’s a roundup of the latest E&P headlines including the second biggest deepwater gas find of 2023 and new contract awards.

E&P Highlights: Oct. 30, 2023

Here’s a roundup of the latest E&P headlines, including the gas export concept solution for Goliat and subsea equipment delivered for Shenzi North.

Breidablikk Operations Ahead of Schedule

The oil from Breidablikk is processed on the Grane and will account for approximately 15% of exports from Sture in the years ahead.