US/UK/Canada

Share

Contacts

  • Ida Marie Fjellheim

    Head of Investor Relations


    +47 905 09 291
  • Andreas Wulff

    Communication Director


    +47 926 16 759
  • Jan Eirik Heigre Gjerdevik

    Communication Advisor


    +47 913 25 511

    • Links

    Pick a time period -
    Tags ( Active)

    Commercial oil and gas discovery in the Fram area in the North Sea

    Sandnes, Norway 14 November 2024: Vår Energi ASA (OSE:VAR) confirms a commercial oil and gas discovery in the Equinor operated Rhombi well in the Fram licence in the North Sea. The preliminary estimate of shows gross recoverable resources of between 13-28 million barrels of oil equivalent (mmboe).The discovery was made in two different structural segments in Sognefjord and Fensfjord formations with fair to very good reservoir characteristics. The preliminary estimate of gross recoverable resources of the discovery are between 13 – 28 million barrels of oil equivalent. The licensees regard

    Vår Energi completes sale of Bøyla asset as part of portfolio optimisation

    Sandnes, Norway 1 November 2024: Vår Energi ASA (OSE: VAR) completes the sale of its 20% interest in the Bøyla field to Concedo AS for an after-tax consideration of USD 24 million. The transaction with Concedo AS is in line with Vår Energi's stated strategy to dispose of non-core assets to high grade the portfolio, supporting further growth and long-term value creation in the Company’s core hub areas. Concedo AS will assume full decommissioning liabilities for the Bøyla field interests. The Bøyla field is a mature producing field located in the North Sea operated by Aker BP (80%). The

    Vår Energi ASA: Ex dividend Q3 2024

    Sandnes, Norway, 28 October 2024: The shares in Vår Energi ASA (OSE: VAR) will be traded ex dividend of NOK 1.180 per share for the third quarter of 2024, as of today, 28 October. With reference to the stock market announcement on 22 October, the Board of Vår Energi ASA resolved to pay a dividend payment of NOK 1.180 per share, NOK 2 945 759 370 in total, equal to USD 270 million, relating to Q3 2024. The dividend will be paid on 5 November 2024 in NOK and the NOK dividend amount is based on the daily exchange rate published by Norges Bank 21 October 2024 approximately at 1600hrs CET.

    Vår Energi reports strong financial results in the third quarter 2024

    Sandnes, Norway, 22 October 2024: Vår Energi ASA (OSE: VAR) Vår Energi reports resilient operational and financial results in line with guidance. The Company is poised for significant production growth over the next three quarters.   Operational performance in-line with expectations · Production of 281 kboepd in the first nine months of 2024, in line with expectations · Planned maintenance shutdowns successfully completed · Continued strong operational performance on operated assets ahead of target   Strong financial performance · Continued realised gas price

    Key information relating to cash dividend to be paid by Vår Energi ASA

    Sandnes, Norway, 22 October 2024: The Board of Vår Energi ASA (OSE: VAR) has resolved to pay a dividend payment of NOK 1.180 per share, NOK 2 945 759 370 in total, equal to USD 270 million relating to Q3 2024.   Dividend amount: 1.180 Announced currency: NOK   Last day including right: 26.10.2024 Ex-date: 28.10.2024 Record date: 29.10.2024 Payment date: 05.11.2024 Date of approval: 21.10.2024   The dividend will be paid in NOK and the NOK dividend amount is based on the daily exchange rate published by Norges Bank 21 October 2024 approximately at 1600hrs CET.

    Vår Energi unlocking high-value barrels in the Balder area

    Sandnes, Norway, 22 October 2024: Vår Energi ASA (OSE: VAR, the "Company") and license partner Kistos Energy Norway AS have reached the final investment decision for the Balder Phase V project in the Balder area. The fast-track development will be a key contributor to sustaining long term production and value creation beyond 2025. The project will develop 33 million barrels of oil equivalent (mmboe) of gross proved plus probable (2P) reserves for capital spend of USD ~690 million gross and with an attractive breakeven price of around 30 USD per barrel. Drilling will commence in the first

    Vår Energi announces change to the Executive Committee

    Sandnes, Norway, 15 October 2024: Vår Energi ASA (OSE: VAR), today announces a change to its executive committee. Effective 1 December 2024, Carlo Santopadre will join the executive committee as Chief Financial Officer (CFO). Carlo Santopadre has over 15 years of experience in the industry, primarily with the Italian energy major, Eni SpA. He has held various senior finance roles in Eni Head Office and subsidiaries across North Africa, the Middle East, and West Africa. Prior to joining Eni he worked for KPMG. Stefano Pujatti, who has served as CFO in Vår Energi since 2019, will be

    Vår Energi: Third quarter 2024 trading update

    Sandnes, Norway, 10 October 2024: Vår Energi ASA (OSE: VAR, the "Company") will publish its financial report for the third quarter 2024 on Tuesday 22 October. Today, the Company provides an update on production, sales volumes and other relevant items. Vår Energi’s net production of oil, liquids and natural gas averaged 256 kboepd in the third quarter of 2024, a decrease of 11% from the second quarter and an increase of 22% compared to the third quarter of 2023. The production in the quarter was affected by planned seasonal maintenance and turnaround activity on several assets which is

    Vår Energi ASA: Extraordinary general meeting held

    Sandnes, Norway, 25 September 2024: The extraordinary general meeting of Vår Energi ASA (the "Company") (OSE: VAR) was held today, 25 September 2024, 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 elected Ole Johan Gillebo as a member of the Company's board. Consequently, the Board now has the following composition¹: · Thorhild Widvey, chair (2024-26) · Liv Monica Bargem Stubholt, deputy chair (2024-25) · Ole Johan Gillebo, director (2024-26) (new) · Fabio Ignazio Romeo,

    Vår Energi preparing for Johan Castberg start-up

    Vår Energi is one step closer to reaching its growth target as the production vessel Johan Castberg successfully anchors at the field in the Barents Sea. The Equinor operated floating production and storage vessel (FPSO) Johan Castberg is securely anchored on the field, and preparations for production start-up in the fourth quarter 2024 are ongoing. CEO in Vår Energi, Nick Walker, said: “Vår Energi is one of the world’s fastest growing E&P’s, and a leading player in the Barents Sea. With Johan Castberg in place at the field we are firmly on track to achieving our production

    Vår Energi ASA: Notification of trade by primary insider

    Sandnes, Norway, 11 September 2024: Deputy employee representative to the Board, Anita Hommedal in Vår Energi (OSE: VAR) has bought 211 shares in the company at a price of NOK 33.14 per share. The transaction was performed on 9 September 2024. Following the purchase, Hommedal holds a total of 2 550 shares in Vår Energi. 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, Head of Investor Relations +47 90509291 ida.fjellheim@varenergi.no

    Vår Energi ASA’s share saving plan allocates shares

    Sandnes, Norway, 5 September 2024: A total of 549 956 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 33.6899 per share. The transactions are based on savings made in July, August, and September 2024. 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 17 644 shares at an average price of NOK 33.6899 per share. Details on individual allocation of shares to

    Vår Energi ASA: Notification of trade by primary insider

    Sandnes, Norway, 4 September 2024: Deputy employee representative to the Board, Trond Arvid Larsen in Vår Energi (OSE: VAR) has bought 3000 shares in the company at a price of NOK 33.16 per share. Following the purchase, Larsen holds a total of 14 450 shares in Vår Energi. 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, Head of Investor Relations +47 90509291 ida.fjellheim@varenergi.no About Vår Energi Vår Energi is a leading

    Vår Energi ASA: Notice of extraordinary general meeting

    Sandnes, Norway, 3 September 2024: Reference is made to the stock exchange notice by Vår Energi ASA ("Vår Energi", OSE: VAR) issued on 30 August 2024 regarding the resignation of board member Ove Gusevik. In order to appoint a new supplemental director, the board of directors of Vår Energi has today called for an extraordinary general meeting. The extraordinary general meeting will be held on 25 September 2024 at 15:00 (CEST). The meeting will be held as a digital event. Shareholders can participate in the extraordinary general meeting via webcast and also vote in advance or by proxy.

    Vår Energi completes sale of Norne area assets and increases its interest in the Ringhorne East Unit

    Sandnes, Norway 30 August 2024: Vår Energi ASA (OSE: VAR) completes the sale of its Norne area field interests to DNO Norge AS for a fixed after-tax consideration of USD 51 million. The Norne area is located in the Norwegian Sea and the transaction include interests in the Norne (6.9%), Urd (11.5%), Skuld (11.5%) and Marulk (20%) fields and the Verdande (10.49%) development project. As part of the transaction DNO Norge has assigned to Vår Energi their 22.62% interest in the Ringhorne East unit, taking Vår Energi’s interest to 92.6%. The transaction with DNO Norge is in line with Vår

    Resignation from the board of Vår Energi ASA

    Sandnes, Norway, 30 August 2024: Ove Gusevik has informed Vår Energi ASA ("Vår Energi" or the "Company", OSE: VAR) that he has decided to resign from his position as board member in order to focus on assignments for HitecVision. The resignation is effective as of 01 September 2024. Chair of the board, Thorhild Widvey, thanks Gusevik for his valuable contributions to the Company during his tenure. The election committee is in the process of finding a replacement for Gusevik, and an extraordinary general meeting for the purpose of supplementing the board is expected to be called shortly.

    Vår Energi ASA: Notification of trade by primary insider

    Sandnes, Norway, 22 August 2024: Chief Operating Officer, Torger Rød in Vår Energi has bought 10 000 shares in the company at a price of NOK 34.63 per share. Following the purchase, Torger Rød holds a total of 256 458 shares in Vår Energi ASA. 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, Head of Investor Relations +47 90509291 ida.fjellheim@varenergi.no About Vår Energi Vår Energi is a leading independent upstream oil and gas

    Vår Energi ASA: Notification of trade by primary insider

    Sandnes, Norway, 21 August 2024: Employee representative to the Board, Jan Inge Nesheim in Vår Energi has bought 5750 shares in the company at a price of NOK 34.73 per share. Following the purchase, Nesheim holds a total of 48105 shares in Vår Energi ASA. 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, Head of Investor Relations +47 90509291 ida.fjellheim@varenergi.no About Vår Energi Vår Energi is a leading independent upstream

    Balder X project update

    Sandnes, Norway, 21 August 2024: Vår Energi ASA (OSE: VAR) today provides a schedule update for the Balder X development project. The target production start has been moved to the second quarter 2025. As previously communicated, the revised plan has limited impact on the Company’s 2024 production and no material impact on guided capital costs. The Company’s end-2025 production target of around 400 thousand barrels of oil equivalent per day (kboepd) is not affected by the updated project start-up. “A key consideration has been to limit the carryover work into the offshore installation and

    Vår Energi ASA: Ex dividend Q2 2024

    Sandnes, Norway, 29 July 2024: The shares in Vår Energi ASA (OSE: VAR) will be traded ex dividend of NOK 1.184 per share for the second quarter of 2024, as of today, 29 July. With reference to the stock market announcement on 23 July, the Board of Vår Energi ASA resolved to pay a dividend payment of NOK 1.184 per share, 2,955,744,995 in total, equal to USD 270 million, relating to Q2 2024. The dividend will be paid on 6 August 2024 in NOK and the NOK dividend amount is based on the daily exchange rate published by Norges Bank 22 July 2024 approximately at 1600hrs CEST. Contact

    Vår Energi reports strong operational and financial performance in the second quarter and first half of 2024

    Sandnes, Norway, 23 July 2024: Vår Energi ASA (OSE: VAR) reports strong operational performance and financial results in line or better than guidance. The Company is on track to deliver on the 2025 growth target and unlock future value.  Strong operational performance · Production of 293 kboepd in first half in the upper end of guidance range for the period · Good production efficiency on operated fields · Maintenance program successfully executed in the quarter Good financial performance · Total income in the quarter was USD 1 940 million, a decrease of USD 16 million

    Key information relating to cash dividend to be paid by Vår Energi ASA

    Sandnes, Norway, 23 July 2024: The Board of Vår Energi ASA (OSE: VAR) has resolved to pay a dividend payment of NOK 1.184 per share, NOK 2,995,744,995 in total, equal to USD 270 million relating to Q2 2024. Dividend amount: 1.184 Announced currency: NOK Last day including right: 26.07.2024 Ex-date: 29.07.2024 Record date: 30.07.2024 Payment date: 06.08.2024 Date of approval: 22.07.2024 The dividend will be paid in NOK and the NOK dividend amount is based on the daily exchange rate published by Norges Bank 22 July 2024 approximately at 1600hrs CET. Contact

    Vår Energi: Second quarter and first half 2024 trading update

    Sandnes, Norway, 11 July 2024: Vår Energi ASA (OSE: VAR, the "Company") will publish its financial report for the second quarter and first half 2024 on Tuesday 23 July. Today, the Company provides an update on production, sales volumes and other relevant items. The average production of 293 kboepd in the first half of 2024 is in the upper end of the guided range for the period and the Company is on track to meet the full year production guidance of 280 to 300 kboepd. Net production of oil, liquids and natural gas averaged 287 kboepd for the second quarter of 2024, a decrease of 4%

    There are no items matching the current filter
    There are no more items matching the current filter
    Back to top

    Subscribe

    Media