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7 stories mentioning VAR.OL

Every FINWIRES story that references VAR.OL, newest first.

Equities

Subsea 7 Wins Engineering Contract from Vår Energi

Subsea 7 (SUBC.OL) said Friday it secured a substantial contract from Norwegian oil and gas company Vår Energi (VAR.OL).The agreement includes engineering, procurement, construction and installation work for a 12.7-kilometer, 10‑inch uninsulated carbon steel pipeline, as well as associated subsea infrastructure for Vår's Goliat gas export project in offshore Norway.The subsea engineering company will start project management and engineering activities immediately, with offshore operations expected from 2027 to 2028.

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Equities

Vår Energi to be Added to MSCI Norway Index

Vår Energi (VAR.OL) will be added to the MSCI Norway Index after market hours on May 29, according to a Wednesday release.The upstream oil and gas company noted that it will also become a part of a wider range of MSCI global and regional indexes as part of the inclusion.

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Research

Arctic Securities Upgrades Vår Energi to Buy, Raises PT

Arctic Securities on Monday upgraded oil and gas company Vår Energi (VAR.OL) to buy from hold and increased its price target to 48 Norwegian kroner from 44 kroner.(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..com/contact-us)

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Equities

Vår Energi Prices EUR750 Million Subordinated Securities

Vår Energi (VAR.OL) priced an offering of 750 million euros of 4.95% subordinated fixed-rate reset securities due April 29, 2086.The securities have a non-call period of 5.25 years with the first reset date of July 29, 2031, according to a Wednesday release. The issue price is 99.235%, reflecting a yield of 5.125%.The oil and gas company noted that the order book was more than six times oversubscribed at peak and four times oversubscribed at allocation.

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Equities

Endúr Unit Bags NOK1.3 Billion Office Building Construction Contract in Norway

Endúr (ENDUR.OL) unit Total Betong secured a 1.25 billion-Norwegian-krone turnkey contract to build the Trivium office building in Stavanger, Norway.The industrial group's subsidiary plans to start on-site construction from the third quarter of 2026, with completion scheduled by the end of the first quarter of 2029, according to a Friday release. Design and engineering will begin immediately.The office building, which will serve as the Norwegian oil and gas company Vår Energi's (VAR.OL) headquarters, is a partnership between K2 Stavanger and real estate company Bane NOR Eiendom.

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Research

Danske Bank Upgrades Vår Energi to Hold Upgrades, Boosts PT

Danske Bank on Wednesday upgraded oil and gas company Vår Energi (VAR.OL) to hold from sell and increased its price target to 48 Norwegian kroner from 30 kroner.(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..com/contact-us)

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Equities

Vår Energi, Equinor Submit Amended Plan for Development, Operation for Goliat Gas Export Project

Oil and gas group Vår Energi (VAR.OL) and peer Equinor (EQNR.OL) filed with Norway's Ministry of Petroleum and Energy an amended plan for development and operation for the Goliat gas export project, according to a Wednesday release.The project, which is set to add 10 years to the operational life of the Barents Sea's Goliat field to 2050, will tap into gas reserves currently being re-injected into the Goliat field reservoir. The gas will be exported to the Hammerfest LNG plant under a gas bank arrangement with Snøhvit, while incremental oil produced will be sold.The Goliat project aims to develop proved plus probable reserves of 112 million barrels of oil equivalent, and will start operations in the third quarter of 2029.Vår Energi holds operatorship and a 65% interest in the Goliat license, while Equinor owns the remaining 35%.

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