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    Home > Finance > Vaar Energi buys TotalEnergies' stake in Norway's Ekofisk PPF oilfield
    Finance

    Vaar Energi buys TotalEnergies' stake in Norway's Ekofisk PPF oilfield

    Published by Global Banking & Finance Review®

    Posted on October 1, 2025

    1 min read

    Last updated: January 21, 2026

    Vaar Energi buys TotalEnergies' stake in Norway's Ekofisk PPF oilfield - Finance news and analysis from Global Banking & Finance Review
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    Tags:oil and gasinvestmentMergers and Acquisitions

    Quick Summary

    Vaar Energi, backed by Eni, boosts its stake in Norway's Ekofisk oilfield to 52.3% by acquiring TotalEnergies' share.

    Vaar Energi Acquires TotalEnergies' Share in Norway's Ekofisk Oilfield

    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)

    Key Takeaways

    • •Vaar Energi acquires TotalEnergies' stake in Ekofisk oilfield.
    • •Vaar Energi's ownership increases from 12.4% to 52.3%.
    • •The acquisition strengthens Vaar Energi's market position.
    • •The deal involves major players in the oil industry.
    • •The transaction highlights ongoing energy sector consolidations.

    Frequently Asked Questions about Vaar Energi buys TotalEnergies' stake in Norway's Ekofisk PPF oilfield

    1What is an oilfield?

    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.

    2What is a stake in a company?

    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.

    3What is a majority ownership?

    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.

    4What is a merger?

    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.

    5What is a financial investment?

    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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