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
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
Eni Ups Norwegian Offshore Bet With Point Resources Merger
Eni Ups Norwegian Offshore Bet With Point Resources Merger
Eni Ups Norwegian Offshore Bet With Point Resources Merger
Eni Ups Norwegian Offshore Bet With Point Resources Merger
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News
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.
E&P Highlights: Oct. 16, 2023
Here’s a roundup of the latest E&P headlines including SBM Offshore winning the FEED contract for Exxon Mobil’s Whiptail FPSO and a collaboration agreement by AWS, Shell and SLB.
E&P Highlights: Oct. 9, 2023
Here’s a roundup of the latest E&P headlines, including go-ahead for production at Tommeliten A and decommissioning at Dunlin Alpha, along with new contract awards.
Vår Energi Awards Baker Hughes 2 Major Contracts
The two contracts with Vår Energi significantly reinforces Baker Hughes’ industry leadership and growth trajectory.
DNO, OMV Find Gas Offshore Norway
Norma, Velocette wells to be further evaluated by the DNO and OMV.