Vår Energi ASA proposes NOK 1.209 dividend per share

(AWP Alliance News) - Vår Energi ASA has proposed a cash dividend of NOK 1.209 per share, subject to approval by an Extraordinary General Meeting scheduled for 30 January 2026. The last day including the right to receive the dividend is 2 February 2026, with payment set for 12 February 2026. https://news.cision.com/var-energi-asa/r/key-information-relating-to-cash-dividend-to-be-paid-by-var-energi-asa,c4289641 Disclaimer: This news brief was created using generative artificia…

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

Vår Energi ASA: Notice of extraordinary general meeting

ABG Sundal Collier Downgrades Vår Energi to Hold, Cuts PT

08:31 AM EST, 01/07/2026 (MT Newswires) -- ABG Sundal Collier on Wednesday downgraded Norwegian oil and gas company Vår Energi (VAR.OL) to hold from buy and reduced its price target to 33 Norwegian kroner from 40 kroner. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Vår Energi ASA Allocates 1.3 Million Bonus Shares to Employees

(AWP Alliance News) - Vår Energi ASA has announced the allocation of a total of 1,307,629 shares to its employees as part of a bonus share program. The shares were acquired in the market at an average purchase price of NOK 33.5037 per share. Details regarding the individual allocation of shares to primary insiders and their close associates are provided in the company's official notification of trading. https://news.cision.com/var-energi-asa/r/var-energi-asa--mandatory-notifi…

Vår Energi ASA: Mandatory notification of trade by primary insiders in connection with allocation of bonus shares

RBC Adjusts Vår Energi Model as Operational Issues Hit FY25 Production; Outperform Maintained

02:49 AM EST, 12/30/2025 (MT Newswires) -- RBC Capital Markets said Monday it revised its Vår Energi (VAR.OL) model for lower output in 2025 after the company flagged operational challenges at the Johan Castberg and Balder fields, bringing full-year production at the lower end of its guidance range. Vår Energi on Dec. 22 said it expects 2025 production to be between 330,000 barrels of oil equivalent per day and 335,000 barrels of oil equivalent per day. On the other hand, the…

Equinor Raises Cost Estimate for Snøhvit Future Project in Norway

10:51 AM EST, 12/22/2025 (MT Newswires) -- Equinor's (EQNR.OL) new cost estimate for its postponed Snøhvit Future gas project in Hammerfest in Northern Norway surged to over 20 billion Norwegian kroner from 13.2 billion kroner in 2022. The energy group said Monday the budget increase was caused by limited plant operations due to worse-than-normal winter weather conditions in 2024 and 2025, increased engineering costs, postponed work resumption on Melkøya, and high inflation. …

Vår Energi Launches Nine Growth Projects to Boost Oil Production

(AWP Alliance News) - Vår Energi ASA has initiated nine new growth projects in 2025, significantly expanding its production capacity. Despite recent operational challenges at the Johan Castberg and Balder fields, both are expected to return to plateau production by the end of December. Once all assets are fully operational, the company anticipates a production range of 440 to 460 thousand barrels of oil equivalent per day (kboepd). Vår Energi has maintained its full-year 2026…

Vår Energi ASA: Production update December 2025

Vår Energi ASA Sanctions Ten New Oil and Gas Projects

(AWP Alliance News) - Vår Energi ASA has announced the sanctioning of ten new development projects this year, surpassing its initial target of eight. These projects are part of a portfolio of around 30 early-phase developments aimed at sustaining long-term production between 350,000 and 400,000 barrels of oil equivalent per day towards 2030 and beyond. Recent project approvals include the Previously Produced Fields in the Greater Ekofisk Area, Eldfisk North Extension, Mikkel …

VAR: Sustaining long term production with ten high quality project sanctions in 2025

Sandnes, Norway, 18 December 2025: Vår Energi (OSE: VAR, "the Company") isprogressing the portfolio of early-phase projects, sanctioning a total of tendevelopment projects this year. These developments form part ofthe Company's early-phase portfolio of around 30 high quality projects. Theprojects are adding high value barrels to sustain production of between 350 and400 thousand barrels of oil equivalent per day (kboepd) towards 2030 and beyond.The Company has recently sanctio…

Vår Energi Boosts Production in FY25

01:36 AM EST, 12/17/2025 (MT Newswires) -- Vår Energi (VAR.OL) said Wednesday it completed the delivery of nine growth projects in 2025, boosting production to 430,000 barrels of oil equivalent per day from an average of 280,000 boepd in 2024. The Norwegian oil and gas company is targeting sustained production of between 350,000 and 400,000 boepd by 2030 and beyond. Vår Energi added that its unit operating costs have been reduced to $10 per barrel of oil equivalent, reflectin…

Vår Energi ASA completes nine growth projects and increases production to 430 kboepd

(AWP Alliance News) - Vår Energi ASA announced the successful start-up of the Balder Phase V and the completion of Åsgard Low Pressure Production Phase 3 (LPP3) projects. The company delivered on its commitment to complete nine growth projects in 2025, which contributed to a production increase from an average of 280 thousand barrels of oil equivalent per day (kboepd) in 2024 to approximately 430 kboepd. The nine projects-Halten East, Johan Castberg, Balder Jotun FPSO, Ormen …

All nine projects on stream by year-end - driving transformational growth in 2025

Sandnes, Norway, 17 December 2025: Vår Energi (OSE: VAR, "the Company") ispleased to announce the successful start-up of Balder Phase V and the completionof Åsgard Low Pressure Production Phase 3 (LPP3). With the Åsgard LPP3project start-up scheduled for December, the Company has delivered on itscommitment to complete nine out of nine growth projects in 2025, marking a yearof transformational progress for Vår Energi.Production has grown from an average of 280 thousand barrels…

Vår Energi Earmarks $700 Million for Previously Produced Fields Project in Norway

04:53 AM EST, 12/16/2025 (MT Newswires) -- Vår Energi (VAR.OL) said Tuesday its previously produced fields re-development project in the Greater Ekofisk Area of the Norwegian Continental Shelf has been sanctioned, with initial production targeted towards the end of 2028. The oil and gas company and its partners took a final investment decision on the project, with Vår Energi to invest a net amount of $700 million. The fields, operated by ConocoPhillips Skandinavia, are expect…

Vår Energi Sanctions USD 0.7 Billion PPF Project to Boost Ekofisk Production

(AWP Alliance News) - Vår Energi ASA and its licence partners have sanctioned the Previously Produced Fields (PPF) Project in the Greater Ekofisk Area. Operated by ConocoPhillips Skandinavia AS, the PPF re-development project is expected to deliver approximately 55 million barrels of oil equivalent in net proved plus probable (2P) reserves from 2028 onwards. The project involves a capital commitment of around USD 0.7 billion net to Vår Energi and consists of redeveloping the …

PPF Project sanctioned - strengthening production in the Greater Ekofisk Area

Sandnes, Norway, 16 December, 2025: Vår Energi ASA (OSE: VAR, "the Company") andlicence partners announce that the Previously Produced Fields (PPF) Project inthe Greater Ekofisk Area is sanctioned. The project will add high value barrelsfrom 2028 onwards and strengthen production life of the Greater Ekofisk Area.The partners in the PPF Project, operated by ConocoPhillips Skandinavia AS, havemade a final investment decision on the PPF re-development project. Theproject's capit…

JPMorgan Upgrades Vår Energi to Overweight, Lifts PT

07:30 AM EST, 12/11/2025 (MT Newswires) -- JPMorgan on Thursday upgraded Norwegian oil and gas company Vår Energi (VAR.OL) to overweight from neutral and increased its price target to 36 Norwegian kroner from 34 kroner. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Equinor, Vår Energi, Petoro to Invest NOK4 Billion in Johan Castberg Oil Field in Norway

03:15 AM EST, 12/11/2025 (MT Newswires) -- Equinor (EQNR.OL), Vår Energi (VAR.OL), and Petoro decided to invest 4 billion Norwegian kroner at the Johan Castberg oil field in the Barents Sea, according to a Thursday release. The partners will start with the development of the Isflak development, which consists of two wells and a subsea template. It is expected to start production in the fourth quarter of 2028. The project, which is estimated at 46 million barrels, is owned 46.…

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