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Vaar Energi

News

Equinor Opens World's Largest Floating Wind Farm in Norway

The opening of the Hywind Tampen wind farm is part of Norway's plan to pivot toward offshore wind.

Vaar Energi Flags $1.2 Billion Oil Project Cost Jump

Of the additional $1.2 billion more required to develop Vaar Tnergi's Balder X oil and gas project, less than a third of the additional costs are related to engineering, drilling or construction services, according to the company.

Eni, HitecVision Sell 5% in Norwegian Oil Firm Vaar for $530 Million

Italian oil and gas company Eni and Norwegian investment firm HitecVision sold a collective 5% stake in Vaar Energi, a Norwegian oil firm, for 40.2 Norwegian crowns per share.

Italy’s Eni Makes Oil Discovery Offshore Norway

The latest preliminary estimates from exploratory wells showed volumes between 60 million and 135 million barrels of recoverable oil equivalents, Vaar said in a statement.

Equinor Plans $2 Billion Breidablikk Oilfield Development

The field is estimated to contain some 200 million barrels of oil and is scheduled to begin output in the first half of 2024, Equinor said.