Vår Energi and Kistos reach FID on Balder project in Norway
The Balder Phase VI project will produce from the Jotun FPSO in Norway
Var Energi
Floating GoliatVIND project secures $192mn grant from Norway’s Enova
A trio of floating wind developers have received a major funding boost from Norway’s state enterprise for promoting energy transition.
Var Energi: Norway independent struck by half-billion dollar Balder write-down
Costs linked to the upcoming Balder development cut down profits at Var Energi (OSLO: VAR), Norway’s second-largest independent operator.
Vår Energi moves closer to gas export solution from Goliat field
Norwegian oil and gas company Vår Energi has approved a concept for gas export from the Goliat field in the Barents Sea.
Profits and production up at Vår Energi as new projects come online
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’s Breidablikk field starts production four months early
Equinor has announced production from the Breidablikk field in the North Sea began on October 20, four months ahead of schedule.
Equinor’s Johan Castberg sees cost surge by nearly £1bn
Meanwhile Var Energi, a partner on Johan Castberg, has also seen costs surge on its Balder X project.
Var Energi names former Talisman, Lundin exec Nick Walker as CEO
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 quarterly profits drop as oil and gas prices cool
Var Energi’s (OSLO: VAR) profits dipped in the second quarter of the year as the company felt the impact of lower commodity prices.
Eni to acquire Neptune Energy, with Norwegian assets going to Var, as $4.9bn deal unveiled
Italian supermajor Eni’s (NYSE: E) takeover of Neptune Energy – a deal that has been rumoured for months – has officially been confirmed.
Watch: Jotun FPSO refloated in Norwegian yard ahead of sailaway
Var Energi (OSLO: VAR) is toasting a “major milestone” after the mammoth Jotun FPSO was refloated at a yard in Norway.
Arctic Oil drilling plans revived in Norway as priorities change
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.
Var Energi to explore floating wind opportunities at Goliat platform
Norwegian operator Var Energi (OSLO: VAR) is to explore a belt and braces approach to electrifying one of its major assets.
Vår counts barrels at Countach
Vår Energi has issued updated resource estimates after its successful oil discovery at the Countach well in Norway’s Barents Sea.
Var Energi doubles yearly profits on higher oil and gas prices
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 walk away from Norwegian ammonia project
Equinor and Var Energi have opted not to progress with an ammonia production project after a cooperation agreement expired.
Norway dishes out dozens of oil and gas licences
Norway has handed out nearly 50 oil and gas exploration licences in a “gratifying” display of interest in the sector.
Norway well-slot: Lupa discovery for Var Energi
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.
Christmas present for Var Energi with ‘largest discovery of the year’ in Barents
Var Energi (OSLO: VAR) is celebrating Christmas early as it announces the “largest discovery” in the Barents Sea this year.
Neptune confirms hydrocarbons at Calypso well
Neptune Energy has confirmed that hydrocarbons have been encountered in the Calypso exploration well in the Norwegian Sea.
Ithaca going public: Who else in the North Sea has launched stocks?
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 spuds Calypso well in Norwegian Sea
Neptune Energy has announced the start-up of drilling at its operated Calypso well in the Norwegian Sea.
Var Energi posts Q3 profits of £1bn, revises Balder X schedule
Norwegian operator Var Energi (OSLO: VAR) has posted pre-tax profits of £1 billion for the third quarter of the year.
Var Energi warns of production drop after ‘operational issues’
Var Energi (OSLO: VAR) has warned of a production drop and a $260 million exchange rate hit in its upcoming Q3 results.
ConocoPhillips North Sea wildcat oil well proves fruitless
Operator ConocoPhillips (NYSE: COP) Skandinavia has concluded the spudding of a wildcat well in the Norwegian North Sea.