Eni owns 69.85pc of Norwegian continental shelf (NCS) production joint venture Var Energi
Var looks at IPO
The Norway-focused IOC/private equity company is mulling a flotation
Italy’s Eni and Point Resources, a portfolio company of Norwegian private equity (PE) firm Hitec Vision, will initiate a strategic review regarding the future ownership structure of their Norwegian continental shelf (NCS) production joint venture Var Energi. The review will consider various alternatives to “better pursue future growth and maximise value creation”, including a possible IPO. Eni owns 69.85pc of Var, while Point holds the remaining 30.15pc. Whatever the outcome of the review, the Italian firm says it intends to retain a majority stake, while preserving equity accounting. Var was established in 2018 through the merger of Eni’s NCS business and independent producer Point. The lat
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
