Published by Global Banking & Finance Review®
Posted on October 1, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleVaar Energi, backed by Eni, boosts its stake in Norway's Ekofisk oilfield to 52.3% by acquiring TotalEnergies' share.
OSLO (Reuters) -Vaar Energi, majority owned by Italy's Eni, said on Wednesday it has agreed to buy TotalEnergies' stake in Norway's Ekofisk PPF oilfield, lifting Vaar's stake to 52.3% from 12.4%.
(Reporting by Terje Solsvik; Editing by Muralikumar Anantharaman)
An oilfield is a region with an abundance of oil wells extracting petroleum. Oilfields can be found on land or offshore and are crucial for energy production.
A stake in a company refers to ownership interest, typically represented by shares. It indicates how much of the company an individual or entity owns.
Majority ownership occurs when an individual or entity holds more than 50% of a company's shares, giving them significant control over its operations and decisions.
A merger is a business strategy where two companies combine to form a new entity, often to enhance competitiveness, expand market reach, or achieve operational efficiencies.
A financial investment involves allocating resources, usually money, to generate income or profit, often through purchasing assets like stocks, bonds, or real estate.
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