17 September 2024
Vår Energi preparing for Johan Castberg start-up
Vår Energi is one step closer to reaching its growth target as the production vessel Johan Castberg successfully anchors at the field in the Barents Sea. Read More
News archive
Photo: Lars Morken/Equinor
3 September 2024
Notice of extraordinary general meeting
In order to appoint a new supplemental director, the board of directors of Vår Energi has today called for an extraordinary general meeting. Reference is made to the stock exchange notice by Vår Energi ASA issued on 30 August 2024 regarding the resignation of board member Ove Gusevik. An extraordinary… Read More
30 August 2024
Vår Energi completes sale of Norne area assets and increases its interest in the Ringhorne East Unit
Vår Energi ASA completes the sale of its Norne area field interests to DNO Norge AS for a fixed after-tax consideration of USD 51 million. Read More
30 August 2024
Resignation from the board of Vår Energi ASA
Ove Gusevik has informed Vår Energi ASA that he has decided to resign from his position as board member in order to focus on assignments for HitecVision. Read More
21 August 2024
Balder X project update
Vår Energi ASA today provides a schedule update for the Balder X development project. The target production start has been moved to the second quarter 2025. Read More
7 August 2024
Vår Energi gives music scholarship to Tromsø band
Punk rock band LÜT from Tromsø is selected this year’s winner of the Arctic Talent music scholarship. The NOK 400 000 scholarship is awarded by Vår Energi, in cooperation with the Varanger Festival. Read More
23 July 2024
Vår Energi reports strong operational and financial performance in the second quarter and first half of 2024
Vår Energi reports strong operational performance and financial results in line or better than guidance. The Company is on track to deliver on the 2025 growth target and unlock future value. Strong operational performance Good financial performance Progressing towards ~400 kboepd by end-2025 and unlocking future value Continued attractive and… Read More
8 July 2024
Vår Energi welcomes start-up of production from Kristin South
Vår Energi today welcomes Equinor’s announcement of the start-up from the first Lavrans well in the Kristin South project in the Norwegian Sea. Read More
1 July 2024
Vår Energi extends gas sales agreement with Eni for an additional 12 years
Vår Energi has extended the long-term agreement for delivery of up to a total of five billion cubic meters (bcm) natural gas to Eni over a 12-year period. Read More
27 June 2024
Commercial oil and gas discovery in the Gjøa area in the North Sea
The Vår Energi operated Cerisa exploration well in production license PL 636 was successful with estimated gross recoverable resources of between 18-39 million barrels of oil equivalent (mmboe). Read More
20 June 2024
Vår Energi and partners awarded CO2 storage licence in North Sea
Vår Energi is awarded a CO2 storage licence in the North Sea, in partnership with OMV Norge AS and Lime Petroleum Norway AS. Read More
18 June 2024
Vår Energi extends gas sales agreement with VNG for an additional 12 years
Vår Energi ASA has extended the long-term agreement for delivery of up to five billion cubic meters (bcm) natural gas to VNG Handel & Vertrieb GmbH over a 12-year period. Read More
27 May 2024
Vår Energi intensifies efforts to cut emissions
Vår Energi joins UN led initiative to improve accuracy and transparency of methane emissions reporting. Read More
8 May 2024
Vår Energi sells Norne area assets and increases stake in Ringhorne East
Vår Energi ASA agrees the sale of its Norne area assets to DNO Norge AS for a fixed after-tax consideration of USD 51 million, and DNO Norge AS will transfer to Vår Energi their stake in the Ringhorne East unit. Read More
Illustration: ConocoPhillips.
6 May 2024
Successful production start in the North Sea
The Eldfisk Field partnership celebrates production start from Eldfisk North. Read More
23 April 2024
Vår Energi reports record high production and strong first quarter results
Vår Energi ASA is on track for growth and value creation and delivers strong financial results in a quarter with record high production. Read More
22 April 2024
The merger is approved
The merger between Vår Energi ASA and Vår Energi Norge AS is approved. Read More
17 April 2024
New oil discovery in the North Sea
Vår Energi confirms discovery of oil in the Balder area in the Central North Sea. Read More
19 March 2024
Annual Report for 2023
The Annual Report for 2023 is published, and for the first time financial and sustainability reporting is combined into a single report. Read More
18 March 2024
Merger plan between Vår Energi ASA and Vår Energi Norge AS
The boards of directors of Vår Energi ASA and Vår Energi Norge AS (formerly Neptune Energy Norge AS) have agreed a joint merger plan. Read More
13 March 2024
Delivering growth, value and resilient returns towards 2030
Today, Vår Energi hosts the 2024 Capital Markets Update (CMU). The company demonstrates it is on track for doubling production by end-2025 and presents a tangible plan for sustaining high value production of 350-400 thousand barrels of oil equivalent per day (kboepd) towards 2030. Read More
1 March 2024
Successfull innovation camp for students
Near 800 students from upper secondary schools in Rogaland participated in Vår Energi Challenge 2024. The finals took place at the Vår Energi office in Forus. Read More
13 February 2024
Vår Energi reports strong fourth quarter and full year 2023 results
Vår Energi ASA is on track for growth and value creation and delivers strong financial results in a quarter with good operational performance and high realised prices. Read More
Vår Energi CEO, Nick Walker.
31 January 2024
Vår Energi completes the acquisition of Neptune Energy’s Norwegian oil and gas assets
Vår Energi ASA has today completed the acquisition of Neptune Energy Norge AS with 100% of the shares in Neptune Norway transferred to Vår Energi. Read More
16 January 2024
Vår Energi awarded 16 new NCS licenses
Vår Energi is awarded 16 new production licenses on the Norwegian Continental Shelf (NCS), of which four as operator, in the 2023 Awards in Predefined Areas (APA) covering mature areas. Read More
The Brage platform in the North Sea. Photo: OKEA
29 December 2023
Vår Energi completes sale of Brage asset
The sale of 12,2575 percent interest in the Brage Field from Vår Energi ASA to Petrolia NOCO AS, which was announced on 6 October 2023 has been approved by the authorities and was completed today.
Read More
25 October 2023
Goliat one step closer to a gas export solution
Vår Energi has together with the Goliat licence partner approved concept selection (DG2) for gas export from Goliat to the Snøhvit pipeline for further transport to Hammerfest LNG. Read More
24 October 2023
Vår Energi reports third quarter 2023 results
Vår Energi delivers strong financial performance, material dividend distribution and is on plan to deliver high growth and value creation. Read More
20 October 2023
Breidablikk on stream ahead of schedule
Production from the Breidablikk field in the North Sea commenced on October 20, ahead of plan and on budget. Tied back to the Grane platform, the subsea field holds almost 200 million barrels of recoverable oil. The project supports the company’s strategy for growth and value creation. Read More
27 September 2023
Energising Next Steps: Vår Energi signs sponsorship agreement with the Norwegian Ski Federation's Alpine teams
Vår Energi is proud to announce an exciting new partnership and sponsorship agreement with the celebrated Norwegian National Alpine Ski teams, Team Telenor. Read More
Balder FPU on the Balder field in the North Sea.
19 September 2023
Vår Energi project portfolio and operational update
Vår Energi today provides an update on the project development portfolio following completion of a baseline review of cost and schedule. In addition, the company narrows the full-year 2023 production guidance range to 210-220 kboepd, while maintaining the end-2025 production target of above 350 kboepd¹. Read More
SVP Safety & Sustainability, Ellen Waldeland Hoddell is pleased with the latest ESG ranking.
8 September 2023
Vår Energi receives top ESG ranking
Vår Energi’s ESG reporting has been ranked A+ in Position Green’s ESG100 report. Read More
Vår Energi CEO, Nick Walker.
5 September 2023
Vår Energi welcomes Nick Walker as new CEO
Nick Walker joins Vår Energi as the new Chief Executive Officer (CEO) to spear-head the company's strategy execution, market engagement and stakeholder management.
Read More
Drilling rig COSLProspector. Photo: COSL Drilling Europe.
31 August 2023
Vår Energi ramps up exploration activity in the Barents Sea
Vår Energi sees substantial opportunities for further growth and value creation in the north and has secured the COSLProspector drilling rig for a two-year drilling program in the Barents region, in cooperation with Equinor. Read More
Nick Walker
25 August 2023
Vår Energi strengthens its executive management team to reaffirm its strategic ambitions
Vår Energi today announced adjustments to its executive management team and reaffirms its strategic ambitions. Read More
Photo: Equinor/Ole Jørgen Bratland.
23 August 2023
The world's largest floating offshore wind farm officially opened
The Hywind Tampen wind farm was opened today by Crown Prince Haakon of Norway. Gullfaks and Snorre are the first oil and gas platforms in the world to receive power from offshore wind, reducing CO2 emissions. Read More
25 July 2023
Vår Energi reports second quarter 2023 results
Vår Energi delivered a solid performance on operated assets, realised continued high gas prices and met key milestones on the Balder X project in the second quarter. Read More
11 July 2023
Exploring CCS opportunities
Vår Energi accelerates decarbonisation efforts through carbon storage application opportunities on the Norwegian continental shelf (NCS). Read More
23 June 2023
Vår Energi to acquire Neptune Energy’s Norwegian oil and gas assets to accelerate growth and value creation on the NCS
Vår Energi ASA has entered into an agreement with Neptune Energy Group Holdings Limited to acquire 100% of the shares of Neptune Energy Norge AS for a cash consideration based on an agreed enterprise value of USD 2.275 billion (the “Transaction”) to accelerate growth and value creation as a leading E&P independent on the Norwegian Continental Shelf (NCS). Read More
Balder FPU
13 June 2023
Vår Energi receives industry leading ESG rating
The new Sustainalytics ESG risk rating puts Vår Energi in the lowest risk group in the industry and in the top 5% percentile of the 293 rated oil and gas producers. Read More
9 June 2023
Successful and important conference
Vår Energi hosted the annual Safety and Sustainability Conference in Stavanger. Read More
8 June 2023
Vår Energi enters strategic partnership with Halliburton
Vår Energi has formed a long-term strategic partnership with Halliburton for drilling services to further improve drilling and well performance and enhance value creation. Read More
26 April 2023
Exploring opportunities for floating offshore wind at Goliat
Vår Energi has entered into a collaboration with Odfjell Oceanwind and Source Galileo to pursue a pilot project for floating offshore wind at Goliat. Read More
24 April 2023
Vår Energi reports first quarter 2023 results
Vår Energi ASA reported USD 2 094 million in total income for the first quarter of 2023, a decrease of 12% from the fourth quarter 2022 primarily due to the timing of liftings. Read More
13 April 2023
Annual General Meeting 2023
The annual general meeting of Vår Energi ASA will be held on 4 May 2023. Read More
30 March 2023
Annual report and Sustainability report 2022
Vår Energi presents annual report and sustainability report for 2022, a year which reaffirmed the importance of the Norwegian continental shelf as a reliable supplier of energy to Europe. Read More
2 March 2023
Confirms oil discovery near Goliat in the Barents Sea
Vår Energi ASA confirms discovery of oil in the operated 7122/8-1S Countach well in production licence PL229 (Goliat), northwest of Hammerfest, including updated volume estimates. Read More
16 February 2023
Q4 2022 results and Capital Markets Update
Vår Energi today reports financial results for the fourth quarter and full year 2022. The Company is also hosting its first capital markets update (CMU) to present its strategy for growth and long-term value creation founded on a de-risked path to more than 50% production increase by end-2025, sustained high… Read More
9 February 2023
New oil discovery in the Barents Sea
Vår Energi confirms the discovery of oil in the operated 7122/8-1S Countach well in PL229 (Goliat), north-west of Hammerfest. Read More
Illustration: Horisont Energi
1 February 2023
Vår Energi withdraws from Barents Blue
Horisont Energi enters into partnership with Fertiberia to join the Barents Blue project. Simultaneously Vår Energi and Equinor withdraw from the projectas the cooperation agreement expires on 31th January 2023. Read More
10 January 2023
Vår Energi awarded 12 new NCS licenses
Vår Energi is awarded 12 new production licenses on the Norwegian Continental Shelf (NCS), of which five as operator, in the 2022 Awards in Predefined Areas (APA) covering mature areas. Read More
23 December 2022
Celebrates Christmas with the largest discovery of the year
Vår Energi ASA confirms discovery of gas in the Vår Energi operated 7122/9-1 T2 (Lupa) well in the Goliat area, Barents Sea. Read More
21 December 2022
Sølvberg on board
Ingrid Sølvberg has her first day of work for Vår Energi this week. She joins the executive management team, and will head up the department for technology, drilling and subsurface. Read More
14 December 2022
Vår Energi ASA holds first Capital Markets Update
Vår Energi ASA is pleased to invite investors, analysts and other stakeholders to a Capital Markets Update on 16 February 2023 at 10.00 to 15.00 (CET) in connection with the publication of the fourth quarter and full year results for 2022. Read More
10 December 2022
New donation to the Red Cross
Vår Energi marks the fourth-year anniversary 10 December by repeating the company's support to the Red Cross, and a donation of one million kroner to their humanitarian work in Ukraine. Read More
6 December 2022
Strengthening production in the Norwegian Sea
Vår Energi ASA and partners will develop the Verdande field to secure oil volumes which will extend the lifetime of the production vessel Norne in the Norwegian Sea. On behalf of the licence partners, the operator submitted Plan for development and operation (PDO) to the Ministry of Petroleum and Energy today. Read More
30 November 2022
Contract award to Floatel International
The lifetime extension program for North Sea production vessel Balder FPU continues. Vår Energi repeats the 2021 success and secures Floatel Superior for the 2023 High Activity Period (HAP). Read More
26 October 2022
New catering contract ensures local sourcing and reduces emissions
Vår Energi ASA awards new offshore catering contract to ESS Support Services AS for five years. Read More
25 October 2022
Vår Energi reports third quarter 2022 results
Vår Energi ASA reported USD 2 526 million in total income for the third quarter of 2022, EBIT was USD 1 454 million and cash flow from operations (CFFO) was USD 1 503 million in the quarter. Read More
5 October 2022
New executive on board
Atle Reinseth has his first day at work for Vår Energi this week. Atle joins the executive management team, with responsibility for supplier collaboration and projects. Read More
19 September 2022
Update on Balder X project
Vår Energi ASA today provided an update on the progress for the Balder X development and a revised cost estimate which reflect increased scope of work, the continued impact from global supply chain challenges, Covid-19 and schedule change. The Company's production target of more than 350,000 boed by the end of 2025 is unaffected. Read More
31 August 2022
Accelerating efforts to reduce methane emissions
Vår Energi joins global initiative to reduce methane emissions from operations. Read More
15 August 2022
Vår Energi increases acreage positions in the south
Vår Energi increases acreage positions and takes new operatorship in the Balder area through several transactions. Read More
1 July 2022
New contract for Oss-nor in Hammerfest
Vår Energi ASA awards Hammerfest based Oss-nor a framework agreement for valve services. Read More
30 June 2022
Vår Energi enters strategic supplier partnership
Vår Energi ASA enters a strategic partnership with Aker Solutions AS, Havfram AS and Saipem S.A for SPS/SURF deliveries, in preparation for record high activity level on the Norwegian Continental Shelf (NCS). Read More
21 June 2022
New organisational structure and management team
Vår Energi ASA is preparing for future growth and today announces a new organizational structure and management team. Read More
The Ormen Lange Deep well was drilled by Transocean Barents. Illustration: Transocean.
15 June 2022
Dry well in the Norwegian Sea
Vår Energi confirms drilling operations on the Ormen Lange Deep well in PL209 has been concluded. Read More
Drilling rig Transocean Enabler. Photo: Transocean.
9 June 2022
Oil and gas discovery in the Barents Sea
Vår Energi confirms discovery of oil and gas in the Equinor operated Skavl Stø exploration well in the Johan Castberg area. Read More
From left: Tom Elseth (Equinor), Arild Stavnem (Petoro), Gunn Gadeholt (Spirit Energy), Geir Tungesvik (Equinor), Terje Aasland (Minister of Petroleum and Energy) and Ørjan Jentoft (Vår Energi). Photo: Equinor
25 May 2022
New development project in the Norwegian Sea
Vår Energi and partners invests NOK 9 billion in the development of Halten East in the Norwegian Sea. The plan for development and operations was submitted to the Minister of Petroleum and Energy today. Read More
Johan Castberg field in the Barents Sea. Illustration: Equinor
25 May 2022
Oil discovery in the Barents Sea
Vår Energi confirms discovery of oil in the Equinor operated Snøfonn Nord exploration well in the Johan Castberg area. Read More
STRONG TEAM: From left Kristin Kragseth (Petoro), Steinar Våge (ConocoPhillips), Terje Aasland (Minister of Petroleum and Energy), Henning Eide (Totalenergies), Ørjan Jentoft (Vår Energi) and Jan-Arne Johansen (ConocoPhillips). Photo: Vår Energi ASA.
9 May 2022
Targeting additional resources in the Eldfisk field
Vår Energi and the license partners submits Plan for Development and Operation (PDO) for the Eldfisk North project. Read More
Illustration: Horisont Energi
5 April 2022
Vår Energi awarded carbon storage license in the Barents Sea
Vår Energi has been awarded the Polaris CO2 storage license in the Barents Sea, together with its partners Equinor (operator) and Horisont Energi. Read More
RIPLE EFFECTS: Vår Energi activity creates local jobs.
17 March 2022
Vår Energi creates activity and thousands of local jobs
Value creation that takes place offshore has large, positive ripple effects on local communities, shows recent study. Read More
28 February 2022
Donation to the Red Cross' work in Ukraine
As a token of their support, Vår Energi has donated one million NOK to the Red Cross and their humanitarian work in Ukraine. Read More
4 February 2022
Vår Energi and Folkehallene enter into long-term cooperation
Vår Energi and Folkehallene join forces on a major investment to strengthen activities for children and young people in the Stavanger region. The ambition is improved public health, social development and coping skills and reduced exclusion. Read More
WIN-WIN: VP Procurement & Contracts Annethe Gjerde believes collaboration will ensure increased efficiency and environmental benefits.
26 January 2022
Building strategic cooperation between suppliers
Vår Energi takes action to strengthen supplier cooperation in new contract on fabrication and installation of subsea equipment. The new collaboration model will ensure increased efficiency and environmental benefits. Read More
18 January 2022
Vår Energi awarded 10 new NCS licenses
Vår Energi, a leading independent upstream oil and gas company on the Norwegian Continental Shelf (NCS), is pleased to announce the award of 10 new production licenses, five of which as operator, in the 2021 Awards in Predefined Areas (APA) covering mature areas on the NCS. Read More
17 January 2022
Vår Energi and Equinor cooperating on North Sea logistics
Vår Energi and Equinor recently commenced a five-year helicopter-sharing agreement in the North Sea to reduce costs and environmental footprint of crew transport. Read More
11 January 2022
Tone Rognstad joins Vår Energi
Vår Energi is pleased to announce that Tone Rognstad has joined the executive management team as VP People & Organization. Read More
10 January 2022
Vår Energi receives an indicative Corporate ESG Assessment from Sustainalytics
Vår Energi, a leading oil and gas producer on the Norwegian continental shelf, is pleased to announce that it has received an indicative Corporate Environmental, Social and Governance (ESG) Assessment from Sustainalytics, a globally recognized ESG research, ratings and data firm. Read More
Research & Development Manager in Vår Energi, Gjertrud Halset.
16 December 2021
Vår Energi seeks to reduce seismic environmental footprint
Vår Energi enters joint industry project to develop a more environmentally friendly method for seismic data collection. Read More
10 December 2021
Vår Energi enters the Barents Sea Polaris CO2 storage joint partnership
Vår Energi has entered into a cooperation agreement with Equinor and Horisont Energi to develop the Polaris CO2 transportation and storage project in the Barents Sea. As part of the agreement Equinor takes over the operator role of the project. Read More
3 December 2021
Torger Rød new NOROG board member
Vår Energi CEO Torger Rød is appointed new board member of the Norwegian Oil and Gas Association (NOROG). NOROG represents one of Norway’s most important industries and includes the companies that operate on the Norwegian continental shelf. I look forward to start in my new role, and on behalf of… Read More
23 November 2021
Framework contract to IKM Elektro
Vår Energi enters into an agreement with IKM Elektro for support to all own-operated facilities on the Norwegian continental shelf (NCS). The agreement covers inspection, service and maintenance of electrical equipment and rotating machines, and will optimize daily operations and maintenance work offshore. Read More
11 November 2021
Sharpens climate targets
Vår Energi sets new, ambitious climate goals – aims to be climate neutral by 2030. Read More
1 November 2021
Vår Energi announces successful refinancing
On 1 November 2021 Vår Energi AS (“Vår Energi”) announced the refinancing of its existing Reserved Based Lending facility with a USD 6 billion unsecured corporate credit facility provided in equal proportions by 12 international banks. Vår Energi also announced that it has obtained a BBB credit rating from S&P and Baa3 from Moody’s. Vår Energi is a… Read More
Photo: Vår Energi AS
13 October 2021
Oil & Gas discovery in the Barents Sea
Vår Energi confirms discovery of oil and gas in the Rødhette exploration well in the Goliat area in the Southern Barents Sea. Read More
Research & Development Manager in Vår Energi, Gjertrud Halset.
13 September 2021
New step towards zero emissions
Vår Energi joins research project aimed at optimizing the CO2 value chain. The target is cutting costs by 70 percent for new carbon storage facilities. Read More
9 September 2021
Vår Energi enters cooperation agreement for production of carbon neutral ammonia in Hammerfest
Vår Energi is partnering with Equinor and Horisont Energi to explore the possibilities for producing blue ammonia from natural gas, with CO2 capture and storage, in Hammerfest. Read More
28 June 2021
Contracts to local suppliers
Vår Energi awards long-term contracts on HSSEQ services to local suppliers. Read More
21 June 2021
Significant discovery in the North Sea
Vår Energi confirms discovery of oil and gas in the King and Prince exploration wells in the Balder area in the Southern North Sea. Read More
Foto: Equinor/Einar Aslaksen
2 June 2021
Vår Energi goes local
Vår Energi selects local firm Bæivi for Hammerfest office catering services the next three years. Read More
1 June 2021
Torger Rød takes over as CEO for Vår Energi
Today Torger Rød takes over as head of Vår Energi, following the announcement of his appointment in January 2021. Read More
7 May 2021
Inspection services contract to DNV
Vår Energi awards three-year inspection service contract for the operated offshore assets to DNV. Read More
19 January 2021
10 new NCS licenses for Vår Energi
Vår Energi AS is awarded 10 new licenses (5 as operator) on the Norwegian Continental Shelf during the Awards in Predefined Areas for 2020. Read More
Torger Rød
5 January 2021
Torger Rød appointed CEO of Vår Energi
Vår Energi is pleased to announce the appointment of Torger Rød as the company’s new CEO. Read More
10 December 2020
Kristin Kragseth to become CEO of Petoro
Kristin Kragseth has been appointed new CEO for Petoro, leaving Vår Energi after almost 30 years in the company and its predecessors. She will accede her new position once her replacement in Vår Energi is in place, no later than June 1st 2021. Read More
9 December 2020
New contract for CHC
Vår Energi awards CHC Helicopter Service AS contract for personnel transportation from Stavanger airport, Sola. Read More
Olympic Energy
9 November 2020
Choosing greener supply vessels
Vår Energi acquires Olympic Energy and Troms Sirius for service in the North Sea. Read More
28 October 2020
Vår Energi enters into 12 frame agreements
Vår Energi has signed frame agreements with a total of 12 Norwegian suppliers of services within a number of technical and administrative disciplines. The agreements may contribute to significant employment. Read More
16 July 2020
Fiscal relief package triggers drilling activities
Vår Energi resumes drilling activities in the Barents Sea and the North Sea, which this spring were postponed due to the corona pandemic and oil price collapse. The decision has been made possible by the temporary changes in the petroleum tax, adopted by the Norwegian parliament in June. This triggers a positive employment effect in the rig market. Read More
Foto: Universitetet i Stavanger / Kjersti Riiber
19 June 2020
Scholarships to inspire
Vår Energi and the University of Stavanger (UiS) have teamed up to inspire students to excel within their studies. This week, five UiS students were awarded scholarships of a total of 200,000 NOK. Read More
Jotun FPSO
15 June 2020
Kicks off life extension project in the North Sea
Jotun FPSO has been producing oil from the Jotun field in the North Sea since 1999. The vessel is now being taken ashore for upgrading at Rosenberg Worley in Stavanger. The event kicks off the life extension of the Balder Area in the North Sea. Read More
12 June 2020
We aim for a sustainable future
Vår Energi believes in the future of our industry and we strive to be a responsible actor on the NCS. Read about our initiatives in our Sustainability Report for 2019. Read More
20 April 2020
New VP Field Development & Projects
Bjørn Thore Ribesen is appointed VP Field Development & Projects in Vår Energi. Read More
10 February 2020
Vår Energi moves to LNG-powered shuttle tankers
Vår Energi secures access to two new LNG-powered shuttle tankers for crude oil shuttling in the North Sea and the Barents Sea. Read More
14 January 2020
17 new NCS licenses for Vår Energi
Vår Energi AS is awarded 17 new licenses (7 as operator) on the Norwegian Continental Shelf during the Awards in Predefined Areas for 2019. Read More
21 December 2019
Rig contract to Seadrill
Vår Energi AS awards rig contract to Seadrill Norway Operations AS, a Seadrill Ltd subsidiary, and secures the West Phoenix drilling rig for work on the Balder Future re-development project in the North Sea. Read More
17 December 2019
Plan to extend production from the Balder Area in the North Sea to 2045
Vår Energi AS and license partner Mime Petroleum AS plan to extend the Balder and Ringhorne production lifetime to 2045. The Balder Future project – revised plan for Development and Operations for Balder and Ringhorne, was submitted to the Norwegian Ministry of Petroleum and Energy today. Read More
10 December 2019
Celebrating anniversary with completion of the ExxonMobil acquisition
Vår Energi celebrates one year as a company and strengthens NCS position as the acquisition of ExxonMobil’s upstream business in Norway is completed. Read More
3 December 2019
Vår Energi teams up with Capgemini
Vår Energi signs partnership agreement with Capgemini to accelerate digital transformation. Read More
26 November 2019
Modifications and maintenance contracts awarded
Vår Energi has signed frame agreements with Apply and Aker Solutions for modifications and maintenance support for the company’s operated assets. Read More
Tom Huuse (Director Norway and Denmark BHGE), Krsitin Kragseth (CEO Vår Energi) and Kevin Murphy (CEO Ocean Installer).
27 September 2019
Vår Energi awards Balder X subsea contract to industry consortium
Vår Energi AS has awarded a contract covering engineering, procurement, construction and instalment (EPCI) of subsea systems (SPS/SURF) for the Balder X project to a consortium of the companies Baker Hughes, a GE company (BHGE) and Ocean Installer AS. Read More
26 September 2019
Vår Energi acquires ExxonMobil’s upstream assets in Norway
Vår Energi AS, owned by Eni and HitecVision, has today signed an agreement with ExxonMobil to acquire its upstream assets in Norway. The transaction includes ownership interests in more than 20 producing fields. Read More
(Photo: Rosenberg)
Kristin Kragseth (Vår Energi) and Jan Narvestad (Rosenberg)
15 August 2019
Major contract award to Rosenberg Worley AS
Vår Energi AS has awarded an EPCI (Engineering, Procurement, Construction and Installation) contract to Rosenberg Worley AS in Stavanger, Norway. The contract encompasses the lifetime extension of the Jotun floating production storage and offloading vessel (FPSO), enabling oil and gas production from the Balder field until 2045. Read More
1 August 2019
Vår Energi has completed field divestment
Vår Energi AS has finalised the divestment of 10 percent ownership interests in six Vår Energi-operated licenses across the Balder and Ringhorne fields in the North Sea to Mime Petroleum AS. Read More
5 June 2019
Doom-metal band wins this year's Arctic Talent
The Tromsø based band Heave Blood and Die has been named this year's Arctic Talent. The prize is North Norway's largest music award and is granted annually by Vår Energi in collaboration with the Varanger Festival. Read More
1 May 2019
2,000 applications for 24 vacancies in Vår Energi
Vår Energi AS has received almost 2,000 applications for 24 vacancies in April, and over 600 applications for 25 summer jobs. “This exceeds our expectations by far, and we are happy to see that Vår Energi and the oil and gas industry are considered attractive by applicants”, says Charlotte Saunders, VP Corporate Services. Read More
4 April 2019
Strong results for Vår Energi in 2018
Vår Energi AS’ annual report is ready and illustrates a strong turnover of above 29 billion NOK in 2018, with an average production of above 169 000 barrels of oil equivalent per day (boepd). Read More
Ringhorne
1 April 2019
New partner in the Balder and Ringhorne fields
Vår Energi AS has entered into an agreement with Mime Petroleum AS to divest 10 percent ownership interests in a total of six licenses across the Balder and Ringhorne fields on the Norwegian continental shelf (NCS). Read More
Goliat FPSO and the supply vessel Stril Barents at the field. February 2016.
7 March 2019
Safer Barents Sea environment after Goliat network upgrade
Vår Energi AS has entered into an agreement with Telenor Maritime to equip the Goliat field in the Barents Sea with 2G and 4G networks, improving safety and emergency response capability in the region. Read More
Illustration: NCCS
15 February 2019
Vår Energi invests in carbon capture and storage research
Vår Energi has entered into a partnership with the Norwegian Carbon Capture & Storage Research Centre (NCCS) to enable fast track CCS technology development and deployment. The agreement has a total value of 30 million NOK over a six-year period and is part of an industry-driven and science-based innovation effort. Read More
11 February 2019
Vår Energi selects office for the future at Forus
Vår Energi AS is investing in a new future headquarter at Forus, Sandnes. “We will create an office for the next generation employees”, says Kristin F. Kragseth, CEO in Vår Energi. Read More
Foto: Rystad Energy
7 February 2019
Business developer of the year awarded to Vår Energi
Rystad Energy has through its annual event awarded Vår Energi AS the Golden Crown as business developer of the year 2019. Read More
25 January 2019
Battery hybrid Stril Barents in the Barents Sea: Supply vessel with shore power cuts CO2 emissions for Goliat
In November 2018, Vår Energi (formerly Eni Norge) and Simon Møkster Shipping signed an agreement to upgrade the supply vessel Stril Barents in order to reduce CO2 emissions. The upgrade involves the installation of shore power connection, combined with a new battery solution for energy storage on board. Read More
15 January 2019
APA 2018: 4 operatorships and 9 partnerships awarded to Vår Energi
Vår Energi AS announces that the company has been awarded a total of 13 licenses in the Awards in Predefined Areas 2018 (APA) by the Ministry of Petroleum and Energy (MPE) today. Read More
3 January 2019
Successful appraisal well in the Goliat licence in the Barents Sea
The resource estimates on Goliat continues to increase. Vår Energi AS has together with license partner Equinor completed an appraisal in PL 229 in the Barents Sea through the successful drilling of the 7122/7-7 S Goliat West appraisal well. Read More
Jotun FPSO
20 December 2018
Vår Energi awards Jotun FEED contract to Aker Solutions
Vår Energi is progressing the redevelopment of the Balder and Ringhorne area, and a FEED contract for the Jotun FPSO life extension has now been signed. In total, about 20 billion NOK will be invested in the redevelopment of the area, which includes the first NCS license area, PL 001 from 1965. Read More
10 December 2018
Vår Energi Established As Norway’s New, Leading E&P Company
Vår Energi is officially established today, 10. December 2018, as Norway’s largest independent E&P company with a net daily production of more than 170,000 barrels of oil equivalent (boe) in 2018. Vår Energi is dedicated to exploring, developing and producing solely on the Norwegian continental shelf (NCS), with planned investments of 65 billion NOK over the next years. A key project is extending the life of Norway’s oldest license area – the Balder field – towards 2045, giving the first license on the NCS, PL 001, a life span of 80 years. Read More