Vår Energi Concludes Intra-Group Merger

(Credit: Vår Energi)
(Credit: Vår Energi)

Vår Energi has completed the intra-group merger with its wholly-owned subsidiary Vår Energi Norge, formerly Neptune Energy Norge.

The merger has been registered with the Norwegian Register of Business Enterprises, and consequently all assets, rights and obligations of Vår Energi Norge have been transferred to Vår Energi.

No merger consideration was payable and Vår Energi's registered share capital remains unchanged, the company said.

Vår Energi, a majority-owned by Italy’s Eni, completed the acquisition of Neptune Energy and its entire portfolio of oil and gas assets earlier in 2024. Since, Neptune Norway operated as a fully-owned subsidiary of Vår Energi under the name of Vår Energi Norge.

With the acquisition, Vår Energi became second largest independent E&P company on the Norwegian Continental Shelf (NCS) and the second largest supplier of gas from Norway to Europe.

Vår Energi took over ownership in 12 producing assets, three of which are operated by Neptune Norway and seven by Equinor, further strengthening its partnership with the Norwegian energy major.


Current News

Beacon Offshore Energy Begins Production US at Shenandoah Field

Beacon Offshore Energy Begins

Harlyn Solutions Expands Market Scope with New Dutch Base

Harlyn Solutions Expands Marke

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

PTTEP Acquires Southeast Asia’

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Valeura Energy, PTTEP Partner

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine