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30.06.25 - 08:30
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Oil discovery close to the Johan Castberg field in the Barents Sea (Cision)
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Sandnes, Norway, 30 June 2025: Vår Energi (OSE: VAR, the Company) together with partners Equinor and Petoro, announces a commercial oil discovery in the Equinor operated Drivis Tubåen prospect in the Barents Sea, adding to recent exploration success in the area. The discovery will be considered as a possible tie-in to the Johan Castberg facilities.
The preliminary gross recoverable resources are estimated to be between 9-15 million barrels of oil equivalent (mmboe). The well was drilled in the Drivis structure within the Johan Castberg field, as part of the plan to further develop the...
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27.06.25 - 11:06
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Ormen Lange phase III starts production, adding important gas volumes to Europe (Cision)
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Sandnes, Norway, 27 June 2025: Ormen Lange, operated by Shell, has started subsea compression to boost production from the gas field, ahead of plan and below budget. The project is an important contributor to reaching Vår Energi's target of producing more than 400 thousand barrels of oil equivalent per day in fourth quarter this year.
The Ormen Lange phase III project consists of two subsea compression stations with the objective of increasing field recovery from 75% to 85%. The Plan for Development and Operation (PDO) estimates that subsea compression will recover an additional 30-50...
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26.06.25 - 11:06
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Development plan for Fram Sør submitted (Cision)
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Sandnes, Norway, 26 June 2025: Vår Energi and its partners in the Fram licence, Equinor and INPEX Idemitsu, have submitted the plan for development and operation (PDO) for the Fram Sør project in the North Sea. Production is scheduled to start at the end of 2029.
The Fram partners will invest more than NOK 21 billion (USD 2.2 billion) in the subsea project, operated by Equinor. Recoverable reserves are estimated at 116 million barrels of oil equivalent (mmboe) gross, of which 75% is oil and 25% gas.
"Fram is a prosperous area on the Norwegian Continental Shelf (NCS), providing...
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23.06.25 - 09:24
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Vår Energi awards contract to Aibel AS (Cision)
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Sandnes, Norway, 23 June 2025: Vår Energi ASA (OSE:VAR) has awarded a maintenance and modification (M&M) contract to Aibel AS. The contract covers deliveries and services related to the Goliat and Gjøa fields.
On behalf of the partners in the Goliat and Gjøa licences, Vår Energi has awarded Aibel AS a five-year maintenance and modification (M&M) contract. Contract value is estimated to be around NOK 1.2 billion.
Increased cost levels and lower productivity on the Norwegian continental shelf are common industry challenges, and Vår Energi has therefore been particularly focused on...
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23.06.25 - 08:06
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Vår Energi confirms first production through Jotun FPSO (Cision)
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Sandnes, Norway, 23 June 2025: Vår Energi today successfully started production through the Jotun FSPO. This marks the start of a new era for the Balder field in the North Sea, extending the life of the first production licence, PL001, on the Norwegian Continental Shelf, adding high value barrels towards 2045 and beyond.
By bringing the Jotun FPSO onstream, production is expected, within three to four months after start-up, to increase by approximately 80 thousand barrels of oil equivalent per day (kboepd) gross, on top of the current production of approximately 30 kboepd gross through...
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23.06.25 - 08:01
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Vår Energi awards contract to Aibel AS (Cision)
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Sandnes, Norway, 23 June 2025: Vår Energi ASA (OSE:VAR) has awarded a maintenance and modification (M&M) contract to Aibel AS. The contract covers deliveries and services related to the Goliat and Gjøa fields.
On behalf of the partners in the Goliat and Gjøa licences, Vår Energi has awarded Aibel AS a five-year maintenance and modification (M&M) contract. Contract value is estimated to be around NOK 1.2 billion.
Increased cost levels and lower productivity on the Norwegian continental shelf are common industry challenges, and Vår Energi has therefore been particularly focused on...
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20.06.25 - 08:06
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Johan Castberg producing at plateau (Cision)
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Sandnes, Norway, 20 June 2025: Production from the Equinor operated Johan Castberg field in the Barents Sea is now at plateau levels. The field contributes with 66 thousand barrels of oil per day (kbopd) net to Vår Energi at plateau and is an important catalyst for the Company to deliver on its growth target of reaching more than 400 thousand barrels of oil equivalent per day (kboepd) in the fourth quarter this year.
COO in Vår Energi, Torger Rød, said:
“We are pleased to see Johan Castberg producing at stable plateau levels, after a safe and successful start-up by Equinor in March...
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18.06.25 - 07:06
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Vår Energi confirms Balder Phase VI project sanction (Cision)
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Sandnes, Norway, 18 June 2025: Vår Energi ASA (OSE: VAR, the "Company") and licence partner Kistos Energy Norway AS have reached the final investment decision (FID) for the Balder Phase VI project in the Balder area. The fast-track development will be a key contributor to sustaining long term, high-value production through the newly installed Jotun floating production storage offloading vessel (FPSO).
COO of Vår Energi, Torger Rød, said:
“The Balder area in the North Sea is one of Vår Energi's core hubs and constitutes significant future resource potential. With the Jotun FPSO now...
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04.06.25 - 17:37
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Vår Energi ASA′s share saving plan allocates shares (Cision)
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Sandnes, Norway, 4 June 2025: A total of 608 115 shares were purchased on behalf of employees in Vår Energi ASA (OSE: VAR) participating in the company's employee share saving programme. The average purchase price was NOK 30.8024 per share. The transactions are based on savings made in April, May, and June 2025. 86% of Vår Energi employees took part in the share saving for these months.
As part of the programme, primary insiders in Vår Energi ASA (OSE: VAR) purchased 18 985 shares at an average price of NOK 30.8024 per share.
Details on individual allocation of shares to primary...
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02.06.25 - 07:00
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Vår Energi successfully strengthens financial flexibility through extending existing debt maturity profile and refinancing of credit facilities (Cision)
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Sandnes, Norway, 2 June 2025: Vår Energi ASA (OSE: VAR, “the Company”) has successfully completed the refinancing of existing revolving credit facilities. Together with the recent senior notes offering in the USD and EUR markets, the company has optimised its debt capital structure and strengthened financial flexibility.
The company has entered into new revolving credit facilities totaling USD 2.75 billion, split over a 3-year working capital facility and a 5-year liquidity facility maturing in 2028 and 2030 respectively, with the option to extend for an additional two years. The new...
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16.05.25 - 07:54
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Vår Energi ASA: Notification of trade by close associate of primary insider (Cision)
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Sandnes, Norway, 16 May 2025: A company closely associated with primary insider Fabio Ingazio Romeo (board member) has, on the 15[th ]of May, bought 1 000 shares in the company at a price of NOK 29.3 per share. See the attached notification form for further details.
This information is subject to the disclosure requirements pursuant to MAR article 19 and Section 5-12 the Norwegian Securities Trading Act.
Contact
Ida Marie Fjellheim, VP Investor Relations
+47 90509291
ida.fjellheim@varenergi.no
About Vår Energi
Vår Energi is a leading independent upstream oil and gas...
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15.05.25 - 10:06
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Vår Energi ASA: Notification of trade by close associate of primary insider (Cision)
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Sandnes, Norway, 15 May 2025: A company closely associated with primary insider Fabio Ingazio Romeo (board member) has, on the 14[th ]of May, bought 1 000 shares in the company at a price of NOK 29.79 per share. See the attached notification form for further details.
This information is subject to the disclosure requirements pursuant to MAR article 19 and Section 5-12 the Norwegian Securities Trading Act.
Contact
Ida Marie Fjellheim, VP Investor Relations
+47 90509291
ida.fjellheim@varenergi.no
About Vår Energi
Vår Energi is a leading independent upstream oil and gas...
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15.05.25 - 07:06
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Vår Energi ASA announces pricing of the USD Senior Notes Offering (Cision)
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Sandnes, Norway, 15[5h] of May 2025: Vår Energi ASA (OSE: VAR, the "Company") is pleased to announce that on 14[th] of May 2025 it priced an offering (the “Offering”) of:
· USD 750 million of 5.875% Senior Notes due 2030 (the “2030 Notes”). The 2030 Notes mature on 22[nd] of May 2030 and carry an annual fixed coupon of 5.875%. The issue price of the 2030 Notes was 99.812, equivalent to a yield of 5.919%; and
· USD 750 million of 6.500% Senior Notes due 2035 (the “2035 Notes”). The 2035 Notes mature on 22[nd] of May 2035 and carry an annual fixed coupon of 6.500%. The issue price of...
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12.05.25 - 15:42
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Correction: Vår Energi ASA: Annual general meeting held (Cision)
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Sandnes, Norway, 12 May 2025: The annual general meeting of Vår Energi ASA (the "Company") (OSE: VAR) was held today, 12 May 2025, at 15:00 (CEST). The meeting was held as a digital event.
In accordance with the proposals made by the Company's election committee, the general meeting reelected Liv Monica Bargem Stubholt, Fabio Ignazio Romeo, Francesco Gattei and Guido Brusco as members of the Company's board. Consequently, the board will have the following composition[1]:
· Thorhild Widvey, chair (2024-26)
· Liv Monica Bargem Stubholt, deputy chair (2025-27)
· Ole Johan Gillebo,...
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12.05.25 - 15:42
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Vår Energi ASA: Annual general meeting held (Cision)
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Sandnes, Norway, 12 May 2025: The annual general meeting of Vår Energi ASA (the "Company") (OSE: VAR) was held today, 12 May 2025, at 15:00 (CEST). The meeting was held as a digital event.
In accordance with the proposals made by the Company's election committee, the general meeting reelected Liv Monica Bargem Stubholt, Fabio Ignazio Romeo, Francesco Gattei and Guido Brusco as members of the Company's board. Consequently, the board will have the following composition[1]:
· Thorhild Widvey, chair (2024-26)
· Liv Monica Bargem Stubholt, deputy chair (2025-27)
· Ole Johan Gillebo,...
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12.05.25 - 15:37
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Vår Energi ASA: Extraordinary general meeting held (Cision)
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Sandnes, Norway, 12 May 2025: The annual general meeting of Vår Energi ASA (the "Company") (OSE: VAR) was held today, 12 May 2025, at 15:00 (CEST). The meeting was held as a digital event.
In accordance with the proposals made by the Company's election committee, the general meeting reelected Liv Monica Bargem Stubholt, Fabio Ignazio Romeo, Francesco Gattei and Guido Brusco as members of the Company's board. Consequently, the board will have the following composition[1]:
· Thorhild Widvey, chair (2024-26)
· Liv Monica Bargem Stubholt, deputy chair (2025-27)
· Ole Johan Gillebo,...
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09.05.25 - 09:12
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Vår Energi ASA: Notification of trade by primary insider (Cision)
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Sandnes, Norway, 9 May 2025: Deputy employee representative to the Board, Trond Arvid Larsen in Vår Energi has bought 1 500 shares in the company at a price of NOK 28.00 per share. The transaction was performed on 2 May 2025. Following the purchases, Trond Arvid Larsen holds a total of 25 179 shares in Vår Energi ASA.
Details of the trades are included in the attached notification of trading. This information is subject to the disclosure requirements pursuant to MAR article 19 and Section 5-12 the Norwegian Securities Trading Act.
Contact
Investor relations
Ida Marie Fjellheim,...
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29.04.25 - 07:06
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Vår Energi ASA: Ex dividend Q1 2025 (Cision)
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Sandnes, Norway, 29 April 2025: The shares in Vår Energi ASA (OSE: VAR) will be traded ex dividend of NOK 1.245 per share for the first quarter of 2025, as of today, 29 April.
With reference to the stock market announcement on 23 April, the Board of Vår Energi ASA resolved to pay a dividend payment of NOK 1.245 per share, NOK 3 108 025 776 in total, equal to USD 300 million, relating to Q1 2025. The dividend will be paid on 8 May in NOK and the NOK dividend amount is based on the daily exchange rate published by Norges Bank 22 April approximately at 1600hrs CET.
Contact
Investor...
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27.04.25 - 21:45
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XFRA: DIVIDEND/INTEREST INFORMATION - 29.04.2025 - NO0011202772 (XETRA)
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Das Instrument J4V NO0011202772 VAR ENERGI ASA EQUITY wird cum Dividende/Zinsen gehandelt am 28.04.2025 und ex Dividende/Zinsen am 29.04.2025
The instrument J4V NO0011202772 VAR ENERGI ASA EQUITY has its pre-dividend/interest day on 28.04.2025 and its ex-dividend/interest day on 29.04.2025...
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