Norway – Norwegian oil and gas company Vår Energi has acquired Feistein CCS, a company specializing in carbon capture and storage (CCS), as part of its commitment to decarbonization.
Vår Energi recognizes the crucial role CCS will play in achieving global energy and climate goals and believes that the Norwegian continental shelf (NCS) holds significant potential for carbon storage. The acquisition of Feistein CCS strengthens Vår Energi’s position and expertise in CO2 storage, advancing its efforts towards a low-emission future.
Vår Energi aims to accelerate its exploration of large-scale and cost-efficient CO2 storage opportunities on the NCS. The company recognizes the importance of technological development and investments in low-emission solutions to support the transition to a net-zero carbon economy. By acquiring Feistein CCS, Vår Energi enhances its capabilities in CO2 storage and strengthens its commitment to being a reliable and low-emission energy provider.
Diversifying into offshore wind
In addition to CCS, Vår Energi is also embracing decarbonization through offshore wind initiatives. The company has collaborated with Odfjell Oceanwind and Source Galileo to explore opportunities for floating offshore wind projects in the Barents Sea. This diversification into renewable energy sources demonstrates Vår Energi’s commitment to a sustainable energy transition.
Vår Energi’s acquisition of Feistein CCS underscores its commitment to advancing carbon capture and storage initiatives. With strategic partnerships and a focus on technology and innovation, the company aims to contribute to global energy and climate goals while maintaining its role as a reliable energy provider.
