Topic
var energi
Business Vår Energi Acquires BlueNord in $1.33 Billion Deal to Become Europe's Largest Independent Oil and Gas Producer
Norwegian oil and gas company Vår Energi has agreed to acquire BlueNord in a transaction valued at approximately $1.33 billion, combining assets on the Norwegian and Danish Continental Shelves. The merged entity will become Europe's largest independent oil and gas producer, with long-term production of around 450,000 barrels of oil equivalent per day, low operating costs, and access to two new European gas delivery points.
Commodities Vår Energi Takes FID on Gjøa Subsea Projects, Strengthens North Sea Hub
Vår Energi has announced a final investment decision on the Gjøa Subsea Projects in the North Sea, comprising the Ofelia, Gjøa Nord, and Cerisa discoveries. The project, with 76 million boe of proved plus probable reserves and a breakeven below $35 per barrel, is expected to start production in phases from 2027. This supports Vår Energi's long-term target of over 400,000 boe per day.
Logistics Three60 Energy Secures Long-Term Project Support Contract with Vår Energi
Three60 Energy has been awarded a long-term project support agreement with Vår Energi. The initial term is four years with options to extend. The contract covers drilling, wells, and subsurface disciplines, contributing to safe and efficient operations.