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Var Energi is getting a new CEO.

Var Energi produced 299,000 boepd in the first quarter.

Third-quarter net income was $184 million higher than the previous quarter, which Var Energi attributed to an increase in commodity prices and sold volumes.

Var Energi is preparing for future growth with the creation of a new organizational structure and management team.

Var Energi has been cleared to drill a North Sea wildcat well.

The transaction value was not disclosed.

'The transaction is aligned with our stated ambition to dispose of non-strategic assets to optimize our portfolio of assets; reducing our operating costs and emission outlook and enhance future value creation'.

DNO signed an agreement with Var Energi to acquire the Norwegian compatriot's minority interests in five fields in the Norwegian Sea for $51 million.

Var Energi ASA and Equinor ASA have approved the concept selection for gas export from the Goliat field in the Barents Sea.

VARD has been contracted to design and build two commissioning service operation vessels for wind farms.