Aker Solutions, Wood clinch contracts as Equinor sanctions major subsea development
Equinor and partners have made a final investment decision to develop the 200-million-barrel Breidablikk field in the Norwegian North Sea.
Var Energi
EnQuest, Sinopec ‘among bidders’ for ExxonMobil UK North Sea oil and gas fields
ExxonMobil's UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the US oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter.
Eni looking to find buyer for Norway, Congo assets
Eni SpA is looking to sell assets in Norway and the Republic of Congo as oil’s slump prompts companies across the industry to rein in spending, according to people with knowledge of the matter.
Heerema Marine Contractors breaks record for largest single lift jacket removal
Heerema Marine Contractors (HMC) has broken the record for the largest single lift jacket removal.
Var Energi increases lifespan of North Sea field despite Covid-19 ‘uncertainty’
Oil and gas firm Var Energi has announced the extension of a field in the Norwegian section of the North Sea.
Norway decision on production cuts looms
Norway has said it will soon decide whether to cut its oil production to help support plummeting prices.
Equinor bags almost two dozen new Norwegian production licences
Energy giant Equinor has announced it has snapped up almost two dozen new production licenses in the Norwegian Continental Shelf.
ExxonMobil hires Jefferies as it weighs UK North Sea exit
Exxon Mobil Corp. has hired investment bank Jefferies Financial Group Inc. as it considers options including a sale of its UK North Sea assets, according to people familiar with the matter.
Var Energi snaps up ExxonMobil’s Norwegian portfolio for £3.6bn
Exploration firm Var Energi has announced the acquisition of ExxonMobil's Norwegian upstream assets for £3.6 billion.
Exxon Mobil reportedly selling Norwegian North Sea assets for £3.2bn
Exxon Mobil is reportedly finalizing the sale of its Norwegian North Sea assets to a Norway firm backed by Italy's Eni and private equity funding for about $4 billion (£3.2bn), according to Reuters and Norwegian media.
Newcomer makes a splash with appraisal victory in Barents
Var Energi today hailed its success with the Goliat West appraisal well in the Barents Sea.
New player on the scene in Norway after Point, Eni merger
Var Energi officially launched in Stavanger yesterday following a merger between Point Resources and the Norwegian branch of Italian oil firm Eni.
ONS 2018: Private equity start-ups are ‘shaking up’ North Sea, Woodmac report
Private equity start-ups are causing a stir in the North Sea, a new report said.
Eni swoops for Point Resources to form new Norwegian player
The Norwegian subsidiary of Italian energy firm Eni has taken over Point Resources and formed a company called Var Energi.