Costs linked to the upcoming Balder development cut down profits at Var Energi (OSLO: VAR), Norway’s second-largest independent operator.
Norwegian oil and gas company Vår Energi has approved a concept for gas export from the Goliat field in the Barents Sea.
Vår Energi reported a rise in production and profits during the third quarter, touting further growth in the coming months as new projects are brought online ahead of schedule.
Equinor has announced production from the Breidablikk field in the North Sea began on October 20, four months ahead of schedule.
Meanwhile Var Energi, a partner on Johan Castberg, has also seen costs surge on its Balder X project.
British oil and gas executive Nick Walker has been named as CEO of Var Energi (OSLO:VAR), one of the largest producers in Norway.
Var Energi’s (OSLO: VAR) profits dipped in the second quarter of the year as the company felt the impact of lower commodity prices.
Var Energi (OSLO: VAR) is toasting a “major milestone” after the mammoth Jotun FPSO was refloated at a yard in Norway.
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.