Var Energi to pay out $1bn in dividends in 2022
Norwegian exploration and production firm Var Energi (OSLO: VAR) expects to dish out a minimum of $1 billion in dividends this year.
Var Energi
Equinor makes second discovery at Johan Castberg wildcat
Equinor has reported a second minor discovery during wildcat drilling on the Johan Castberg field, this time at the Skavl Stø well.
Equinor and partners to invest £750m in six discoveries at Halten East
Equinor and its partners have decided to invest NOK 9 billion (£746m) in the Halten East development area in Norway.
ConocoPhillips developing new North Sea project targeting 90 million barrels
ConocoPhillips and its partners are targeting 90 million barrels of oil from a new North Sea development.
Vår Energi reports healthy profit in first results since Oslo listing
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.
Singapore player swoops in for a pair of North Sea discoveries
Lime Petroleum, a subsidiary of Singapore’s Rex International Holding, has swooped in for a pair of assets in the North Sea.
Var Energi IPO on the way, say owners Eni and HitecVision
An initial public offering (IPO) is to be launched for Norwegian operator Var Energi, ownership partners Eni and HitecVision have announced.
North Sea oil field hits three billion barrels after 50 years
A North Sea oil field is celebrating production of more than three billion barrels since starting up 50 years ago.
Longboat Energy and Var Energi announce discovery at Rodhette
Longboat Energy (LON: LBE) and Var Energi have announced a discovery at the Rodhette gas exploration well.
Longboat Energy hails kick-off on drilling for first ever exploration well
Longboat Energy has hailed the start of drilling on its first ever exploration well.
Vår Energi makes ‘significant’ oil and gas find in North Sea
Vår Energi has announced it has made a “significant” oil and gas discovery in the Southern North Sea.
‘Sunrise, not sunset’: HitecVision looks to Penguins and Britannia investments in North Sea
Private equity player HitecVision has said the North Sea is “anything but mature” as it looks towards major investments in the UK sector.
Norwegian drillers enjoying success rate of 50%-plus
Westwood Global Energy reports that there were five E&A well programmes active as of June 1.
Digitalisation event to focus on people over technology
Business intelligence company, Offshore Network, are next month hosting the Upstream Digital Transformation Conference, a digitalisation event, but not one that’s looking at technology. Instead the event focuses on the ‘people’ aspects of digital transformation, with sessions including discussions on culture change, skills and collaboration.
Aker Solutions awarded £85m contract for Kristin Sor
Aker Solutions has signed a letter of intent with Equinor for the delivery of a subsea production system to the Kristin Sor oil and gas satellite fields in the North Sea.
CHC wins £85m Norwegian crew transfer deal with Equinor and Var Energi
Equinor has handed CHC an £85 million contract to provide flights from Stavanger airport to its Norwegian continental shelf platforms.
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.
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.