Var Energi ASA (OSL:VAR) will buy BlueNord for about NOK 12.8bn in cash plus 248.4m shares, adding ~45,000 boe/d and ~195m boe reserves with $250–300m synergies, while reaffirming unchanged 2026 guidance for production, costs and development capex.
Previous Week Recap
- Var Energi To Buy BlueNord: Var Energi to buy BlueNord for ~12.8bn NOK via cash and 248.4m new shares; adds ~45,000 boe/d and ~195m boe reserves. Deal to close by end‑2026; guides $250–300m synergies.
- Var Energi Reaffirms 2026 Guidance: Var Energi ASA (VAR) reaffirmed its 2026 guidance, keeping production volumes, production costs and development capital expenditure unchanged from prior targets for the year.
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