Equinor Energy AS, along with its partners Vår Energi ASA, OMV (Norge) AS, and Repsol Norge AS, has announced a significant oil and gas discovery in the Gudrun field located in the North Sea. This discovery was made in wildcat wells 15/3-13 S and 15/3-13 A, marking a key milestone for exploration in production licence […]
Equinor Energy and Vår Energi have reached a critical milestone in the development of the Johan Castberg oil field, as they confirm the successful anchoring of the floating production, storage, and offloading (FPSO) vessel in the Barents Sea. This FPSO, designed to manage oil extraction from the Johan Castberg field, is now ready for the […]
Equinor, in collaboration with Vår Energi, will establish a new, extensive emergency preparedness system for the southwestern Barents Sea, enhancing safety and response capabilities in this challenging maritime region. Set to become operational on January 1, 2025, this area-wide system will strengthen existing emergency response measures by integrating new resources and expertise. Grete B. Haaland, […]
Vår Energi, alongside its partners, has made a notable oil discovery in the Cerisa exploration well within production license PL 636 in the Norwegian Continental Shelf, marking a significant step forward in the region’s oil exploration endeavors. The Cerisa well, operated by Vår Energi and its partners, yielded an estimated gross recoverable resource of between […]
In a strategic move to streamline its asset portfolio and focus on core operations, Vår Energi ASA has agreed to sell its late-life assets in the Norne area to DNO Norge AS. The deal, valued at a fixed after-tax consideration of USD 51 million, also includes an asset swap where Vår Energi will acquire DNO […]
Vår Energi has announced an oil discovery at the Ringhorne North exploration well (well 25/8-23 S) located in the Balder area of the Central North Sea, off the coast of Norway. This significant find is situated within production license 956 (PL 956), where Vår Energi holds a 50% operating stake. The company estimates the well’s […]
Equinor confirms the Breidablikk field in the North Sea has initiated oil production four months ahead of its anticipated schedule, and remains within the established budget. This subsea field, linked to the Grane platform, boasts nearly 200 million barrels of recoverable oil. The primary stakeholders of the project include Equinor as the operator, Vår Energi, […]
Equinor has officially announced the start of production for the Statfjord Øst expansion project, located on the Norwegian continental shelf (NCS). The project is six months ahead of schedule and is expected to increase production by a remarkable 26 million barrels of oil equivalents from the Statfjord Øst field. Despite market challenges like inflation and […]
Eni and Vår Energi are set to acquire Neptune Energy Group, a key independent exploration and production firm known for its low-emission, gas-oriented operations in Western Europe, North Africa, Indonesia, and Australia, for $4.9 billion. Neptune Energy, currently owned by China Investment Corporation, Carlyle Group, CVC Capital Partners, and specific management owners, has been a […]
The Petroleum Safety Authority Norway (PSA Norway) said that it has granted consent to Norwegian oil and gas giant Equinor Energy to spud an exploration well in Production licence 532 (PL 532) in the Barents Sea. Equinor will use the Transocean Enabler drilling rig to drill the 7220/8-2 exploration well in the Snøfonn Nord prospect […]