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
19 August 2025
ExxonMobil’s MOU with SOCAR, unveiled in Washington alongside the peace agreement with Armenia, highlights how the Karabakh net-zero zone is part of a wider strategic realignment
19 August 2025
OPEC and the IEA have very different views on where the oil market is headed, leaving analysts wondering which way to jump
15 August 2025
US secondary sanctions are forcing a rapid reassessment of crude buying patterns in Asia, and the implications could reshape pricing, freight and supply balances worldwide. With India holding the key to two-thirds of Russian seaborne exports, the stakes could not be higher
11 August 2025
The administration is pushing for deregulation and streamlined permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
