Var Energi

Var Energi will hold a financial conference on October 21, 2026, and publish results for the quarter ended September 30, 2026. Eleven analysts on average expect earnings per share of $0.175, compared with 0.540 NOK in the year-ago quarter. Twelve analysts estimate quarterly revenue at about $3.38 billion; for the fiscal year, 17 analysts forecast EPS of $0.760 with average revenue of $13.29 billion. » More on finanzen.net

Var Energi will acquire BlueNord for about $1.33 billion, increases the dividend for Q2 to $350 million and plans a further $350 million for Q3 for shareholders of the merged company. The company reported Q2 revenues of $3.72 billion and EBIT of $2.24 billion, with revenue beating consensus expectations. Var Energi expects cumulative after-tax synergies of $250–300 million for 2027–2032; analysts view the takeover as supportive of long-term production and higher dividend prospects. » More on de.investing.com

Vår Energi reported an oil discovery in the Goliat North well (7122/7-8) in the Barents Sea, with gross recoverable resources estimated at up to five million barrels of oil equivalent. The well, drilled by COSL Prospector in licence 229 (Vår Energi 65%, Equinor 35%), encountered hydrocarbons in the Realgrunnen and Kobbe formations and logged multiple oil and gas/oil columns. No formation testing was performed but extensive sampling and data acquisition were completed; the well has been plugged and abandoned. The result is part of a Goliat Ridge appraisal campaign where four wells will be drilled and findings will be integrated with new 3D seismic before an overall evaluation. » More on finance.yahoo.com