Public Company Energy

Vår Energi

Sandnes, Rogaland, Norway

Vår Energi is an independent upstream oil and gas company on the Norwegian continental shelf (NCS). The company focuses on safe and responsible operations and value-driven growth through a diversified asset portfolio with development projects and an exploration track record.

Focus Areas
Exploration & Production, Upstream oil & gas, Offshore oil and gas
Website
varenergi.no

Tracked deals

3

3 tracked deals across 2019-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

2 buyout · 1 divestiture

Vår Energi Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Vår Energi. 1 2019 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Vår Energi to Combine With BlueNord to Create Europe’s Largest Independent Oil and Gas Producer
    July 24, 2026
    Buyer
    Vår Energi ASA
    Target
    BlueNord ASA
    Industry
    Oil & Gas
    Location
    Norway
    Type
    Buyout

    Vår Energi and BlueNord agreed to combine their businesses in a statutory merger expected to create Europe’s largest independent oil and gas producer. BlueNord shareholders will receive newly issued Vår Energi shares plus cash consideration, and the transaction is expected to close around the end of 2026 subject to approvals and regulatory clearances.

  • Vår Energi Acquires Neptune Energy Norge AS
    January 31, 2024
    Buyer
    Vår Energi ASA, Eni S.p.A.
    Target
    Neptune Energy Norge AS
    Seller
    Neptune Energy Group Holdings Limited, China Investment Corporation, Funds advised by Carlyle Group, CVC Capital Partners, Certain management owners
    Industry
    Oil & Gas
    Location
    Norway
    Type
    Buyout

    Vår Energi ASA completed the acquisition of 100% of the shares in Neptune Energy Norge AS, strengthening its position on the Norwegian Continental Shelf and adding ~67 kboepd of production and ~265 mmboe of 2P reserves. The transaction was agreed at an enterprise value of USD 2.275 billion and closed on 31 January 2024 (effective date 1 January 2023); net cash consideration paid on completion (less cash in Neptune Norway) was approximately USD 1.2 billion. The deal increases Vår Energi's scale, operatorships and gas/LNG exposure and is inter-conditional with a separate transaction in which Eni acquires the remainder of Neptune's global assets.

  • Vår Energi Acquires ExxonMobil's Upstream Assets in Norway
    December 10, 2019
    Buyer
    Vår Energi
    Target
    ExxonMobil's upstream assets in Norway
    Seller
    ExxonMobil
    Industry
    Energy
    Location
    Norway
    Type
    Divestiture

    Vår Energi has completed the acquisition of ExxonMobil's Norway upstream assets for a cash consideration of roughly USD 4.5 billion, a deal that effectively doubled the company's production on the Norwegian Continental Shelf. The portfolio adds interests in more than 20 producing fields (about 150,000 boepd additional), increases reserves to ~1,900 million boe and transfers some ~33–50 ExxonMobil employees to Vår Energi, reinforcing the company's position as the second-largest operator on the NCS.

Related Acquisition Pages

Oil & Gas Buyers & Acquisitions 2 tracked deals by Vår Energi. Energy Buyers & Acquisitions 1 tracked deal by Vår Energi.

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