Norway’s biggest oil and gas companies are reviving exploration plans in Arctic waters, as the government agitates for fresh discoveries in the Barents Sea to secure the country’s future as a key energy supplier to Europe.
Norwegian operator Var Energi (OSLO: VAR) is to explore a belt and braces approach to electrifying one of its major assets.
Vår Energi has issued updated resource estimates after its successful oil discovery at the Countach well in Norway’s Barents Sea.
Var Energi (OSLO: VAR) has continued the recent trend for oil and gas companies by announcing a doubling of its annual profits.
Equinor and Var Energi have opted not to progress with an ammonia production project after a cooperation agreement expired.
Norway has handed out nearly 50 oil and gas exploration licences in a “gratifying” display of interest in the sector.
As of 19 December, Westwood Global Energy reports that there are three exploration wells active, with one in the Barents Sea, one in the Norwegian Sea, and one in the North Sea. One exploration well is suspended.
Var Energi (OSLO: VAR) is celebrating Christmas early as it announces the “largest discovery” in the Barents Sea this year.
Neptune Energy has confirmed that hydrocarbons have been encountered in the Calypso exploration well in the Norwegian Sea.
As Ithaca Energy looks to make an Initial Public Offering (IPO) in London, we take a look at some of the other North Sea operators that have launched stocks recently.
Neptune Energy has announced the start-up of drilling at its operated Calypso well in the Norwegian Sea.
Norwegian operator Var Energi (OSLO: VAR) has posted pre-tax profits of £1 billion for the third quarter of the year.
Var Energi (OSLO: VAR) has warned of a production drop and a $260 million exchange rate hit in its upcoming Q3 results.
Operator ConocoPhillips (NYSE: COP) Skandinavia has concluded the spudding of a wildcat well in the Norwegian North Sea.
Vår Energi has agreed a series of deals to increase its acreage in the Balder area, with a view to taking over operatorship of the licences.
Norwegian exploration and production firm Var Energi (OSLO: VAR) expects to dish out a minimum of $1 billion in dividends this year.
Equinor has reported a second minor discovery during wildcat drilling on the Johan Castberg field, this time at the Skavl Stø well.
Equinor and its partners have decided to invest NOK 9 billion (£746m) in the Halten East development area in Norway.
ConocoPhillips and its partners are targeting 90 million barrels of oil from a new North Sea development.
Norwegian E&P Vår Energi (VAR:NO) has reported pre-tax profits of $1.65 billion for Q1 2022, in its first quarterly results posting since its February 2022 listing.
Lime Petroleum, a subsidiary of Singapore’s Rex International Holding, has swooped in for a pair of assets in the North Sea.
An initial public offering (IPO) is to be launched for Norwegian operator Var Energi, ownership partners Eni and HitecVision have announced.
A North Sea oil field is celebrating production of more than three billion barrels since starting up 50 years ago.
Longboat Energy (LON: LBE) and Var Energi have announced a discovery at the Rodhette gas exploration well.
Longboat Energy has hailed the start of drilling on its first ever exploration well.