Oil & Gas Upstream · Norway, India

Best Oil & Gas Upstream Companies in Norway

Updated 2026-07-28 · Ranked by funding & momentum

52 indexable Oil & Gas Upstream companies headquartered in Norway, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $6.1B across 14 funded companies.

52
Companies
$6.1B
Total Funding
14
Funded
0
Unicorns
0
Rounds (90d)

Ranked: Best Oil & Gas Upstream companies in Norway

#CompanyFundingValuationStage Latest roundEmployeesFoundedMomentum
1 BlueNord
Oil and gas company operating in the exploration, development, and production of hydrocarbon resources
$1.1M Public Post IPO Aug 2022 2005
2 Hoegh LNG
Provider of LNG production and sea based transportation services
$430.5M Public Conventional Debt Jan 2020 180 2006
3 Longboat Energy
Provider of oil & gas exploration and production services
$48.6M Public Post IPO Jun 2021 18 2019
4 Aker BP
Provider of oil & gas exploration and production services
$4B Public Conventional Debt Apr 2019 1,839 2001
5 Mime Petroleum
Independent energy company operating across upstream and midstream energy markets
$300M Acquired Conventional Debt Feb 2020 14 2017
6 Origo Exploration
Exploration and production of oil and gas
$525M Acquired PE Aug 2014 2014
7 Interoil Exploration and Production
Independent oil and gas exploration and production company
$1.2M Public Post IPO Mar 2021 62 2005
8 Wellesley
Norwegian oil and gas exploration and development operator
$250M Public PE Jun 2015 52 2015
9 Revus Energy
Oil and gas exploration and production company
$154M Acquired Post IPO May 2008 36 2002
10 Pandion Energy
Independent full-cycle oil and gas company operating on the continental shelf
$100M Late Stage PE Jan 2017 2016
11 Erin Energy
Oil and gas exploration and production company
$135M Public Post IPO Feb 2014 64 2005
12 Spring Energy
Exploration and production company
$120M Acquired PE Apr 2008 2007
13 Core Energy
Exploration and Production in the Norwegian Continental Shelf
$42M Deadpooled PE Jan 2016 1 2010
14 Petrolia NOCO
Provider of oil and gas exploration services on the NCS
$6.1M Series A Series A Aug 2015 15 2012
15 Var Energi
Independent oil & gas exploration and production company
Public Conventional Debt Nov 2021 950 1965
16 Equinor
Energy production company
Public Grant (prize money) Nov 2021 20,245 1972
17 DNO
Upstream oil and gas company
Acquired Grant (prize money) Apr 2021 1,449 1971
18 CapeOmega
Developer of low-carbon maritime energy infrastructure
Acquired Seed 2014 25 2014
19 Spike Exploration
Exploration and Production Company Focused on Norwegian and UK continental shelves
Deadpooled Seed 2012 30 2012
20 aker energy as
Aker Energy AS is a oil and gas operator.
Acquired 83 2018
21 Araca
Oil and gas exploration and production company
Deadpooled 2006
22 Azinor Fortis Norway Acquired 18 2010
23 Bridge Energy
Operator of an independent oil company. The company focus on the exploration and production company focused on the British and Norwegian Continental Shelf (NCS).
Acquired 35
24 Capricorn Norge
Operator of oil firm based in Stavanger, Norway. The company specializes in extraction of crude petroleum and natural gas.
Acquired 50 2009
25 Crudecorp
Provider of oil and natural gas exploration services. The company is engaged in providing oil and natural gas acquisition and development services in the United States.
Private 10 2007
26 DNV GL
Driven by the purpose of safeguarding life, property and the environment, DNV enables organizations to advance the safety and sustainability of their business.
1,066 1864
27 Edge Petroleum (Norway) Deadpooled 4
28 Ener Petroleum
Provider of oil and gas exploration services. The company is an explorer of crude oil, petroleum and natural gas in Norway.
Acquired 15 2005
29 explora petroleum
Explora Petroleum is an exploration company that focuses exclusively on exploration on the Norwegian Continental Shelf.
Acquired 18 2011
30 Front Exploration
Owner and operator of an oil and gas company. The company focuses on petrochemical exploration of the Norwegian continental shelf, with focus on the Barents Sea.
Acquired 20 2005
31 Hess Norge
Operator of oil production fields. The company's services include oil exploration and drilling on the Valhall field and the Hod field on the Norwegian Continental Shelf.
Acquired 19 1982
32 Lime Petroleum
Crude oil exploration and production company
Unfunded 2012
33 lime petroleum
Lime Petroleum is an operator of a petroleum company that engages in oil and gas exploration and production activities.
Private 13
34 M7 Offshore
Provider of management and engineering services to the oil and gas industry
Acquired 31 2006
35 MOL Norge AS
MOL Norge is an exploration company with a portfolio of approximately 20 exploration licence in the Norwegian North Sea, within three geographical areas; Central Graben South, Sleipner Utsira and Northern North Sea.
10 2015
36 noreco asa
Noreco is a publicly owned company with focus on the oil, gas and offshore industry.
Public 34 2005
37 Norse Oil
Oil & gas exploration and production company
Deadpooled 2018
38 North Energy
Exploration and Production in the Norwegian Continental Shelf and Barents sea
Public 2 2007
39 OKEA
Provider of oil & gas production and development services
Public 447 2015
40 OMV Norge Private 79 2006
41 Petrolia
Provider of oil and gas exploration services. The company owns, charters and invests in drilling vessels for offshore, deepwater oil and gas exploration.
Acquired 3 1997
42 Petronor E&P
Provider of oil and gas exploration and production services
Public 25 2005
43 Point Resources
Oil and gas E&P company
Funding Raised 400 2016
44 Pure E&P
Exploration and Production company focused on Norwegian Continental Shelf
Acquired 950 2005
45 Rocksource
Technology-based exploration and production petroleum company
Public 1996
46 Skagen 44 Deadpooled 8 2006
47 Source-Energy
Independent E&P company focused on gas exploration and production
Unfunded 9 2017
48 Stauper Offshore
Water treatment solution for oil & gas industry
Unfunded 2016
49 Sval
Firm engaged in exploration and development of oil & gas fields
Acquired 172 2011
50 Valiant Petroleum Norway
Provider of energy exploration services. The company provides oil and gas extraction, drilling, exploration and consulting services.
Acquired 24 1999

Top 12 Oil & Gas Upstream companies in Norway

#1
BlueNord Public
$1.1M Raised
expand_more
location_onOslo, Oslo
Founded
2005
Funding raised
$1.1M
Stage
Public

BlueNord is a publicly listed oil and gas company with operations in Norway, Denmark, the Netherlands, and other countries. The company focuses on the exploration, development, and production of hydrocarbon resources. With expertise in the energy sector, BlueNord aims to deliver material shareholder returns through its commitment to sustainable growth.

Funding rounds (1 disclosed of 1)
Round Date Amount
Post IPO Aug 2022 $1.1M
Tech stack
apple icloud mailcloudflaredivifont awesomegoogle analyticsgoogle font api+14
#2
Hoegh LNG Public
$430.5M Raised
expand_more
location_onOslo, Oslo
Founded
2006
Employees
180
Funding raised
$430.5M
Stage
Public

Provider of LNG production and sea based transportation services

Funding rounds (3 disclosed of 3)
Round Date Amount
Conventional Debt Jan 2020 $124.5M
Conventional Debt Sep 2018 $206M
Post IPO Sep 2015 $100M
Tech stack
microsoft asp.netrequirejsq4 cookie monsterjqueryjsdelivrgoogle font api+2
#3
$48.6M Raised
expand_more
location_onStavanger, Rogaland
Founded
2019
Employees
18
Funding raised
$48.6M
Stage
Public

Provider of oil & gas exploration and production services

Funding rounds (1 disclosed of 1)
Round Date Amount
Post IPO Jun 2021 $48.6M
#4
Aker BP Public
$4B Raised
expand_more
location_onLysaker, Akershus
Founded
2001
Employees
1,839
Funding raised
$4B
Stage
Public

Provider of oil & gas exploration and production services

Funding rounds (1 disclosed of 1)
Round Date Amount
Conventional Debt Apr 2019 $4B
Founders & key people
Tech stack
addeventapache http serverapple icloud mailbootstrapcdnjschart.js+14
#5
Mime Petroleum Acquired
$300M Raised
expand_more
location_onOslo, Oslo
Founded
2017
Employees
14
Funding raised
$300M
Stage
Acquired

Independent energy company operating across upstream and midstream energy markets. This includes development, production, and exploration activities, as well as midstream activities such as oil processing, offloading, and gas storage. The company holds assets in various fields, encompassing both onshore and offshore operations. Its business model focuses on strategic mergers and acquisitions and operational excellenc

Funding rounds (2 disclosed of 2)
Round Date Amount
Conventional Debt Feb 2020 $32.5M
PE May 2017 $300M
Investors
#6
$525M Raised
expand_more
location_onStavanger, Rogaland
Founded
2014
Funding raised
$525M
Stage
Acquired

Origo Exploration is a Norway-based company focused on exploration and production of oil and gas. The company's operations are focused on the Norwegian Continental Shelf and the UK Shelf. The company has been acquired by DNO in May 2017.

Funding rounds (1 disclosed of 1)
Round Date Amount
PE Aug 2014 $525M
Founders & key people
#7
$1.2M Raised
expand_more
location_onOslo, Oslo
Founded
2005
Employees
62
Funding raised
$1.2M
Stage
Public

Independent oil and gas exploration and production company. This company engages in the acquisition, exploration, development, and operation of oil and natural gas properties. Its portfolio provides stable production and cash flow, supporting future growth. The company holds annual general meetings and publishes regular reports, including annual statements of reserves and financial results. It also offers employment

Funding rounds (1 disclosed of 1)
Round Date Amount
Post IPO Mar 2021 $1.2M
Founders & key people
Tech stack
contact form 7core-jselementorgoogle analyticshello elementorjquery+11
#8
Wellesley Public
$250M Raised
expand_more
location_onStavanger, Rogaland
Founded
2015
Employees
52
Funding raised
$250M
Stage
Public

Norwegian oil and gas exploration and development operator. This company explores for and develops oil and gas resources, focusing on low-CO2 emissions. It operates and participates in drilling projects, building a portfolio of development projects. The company aims to provide a secure supply of hydrocarbons while minimizing environmental impact. Its operational approach emphasizes efficiency and the implementation o

Funding rounds (1 disclosed of 1)
Round Date Amount
PE Jun 2015 $250M
Investors
Tech stack
wordpressmysqlphpyoast seounpkgslick+10
#9
Revus Energy Acquired
$154M Raised
expand_more
location_onStavanger, Rogaland
Founded
2002
Employees
36
Funding raised
$154M
Stage
Acquired

Revus Energy was a Norway-based oil and gas exploration and production company. The company's operations were focused on the Norwegian Continental Shelf. The company was acquired by Wintershall in 2008.

Funding rounds (2 disclosed of 2)
Round Date Amount
Post IPO May 2008 $73M
Post IPO Dec 2007 $81M
Founders & key people
#10
Pandion Energy Late Stage
$100M Raised
expand_more
location_onOslo, Oslo
Founded
2016
Funding raised
$100M
Stage
Late Stage

Independent full-cycle oil and gas company operating on the continental shelf. This company participates in the discovery, appraisal, development, and production of oil and gas resources. It focuses on maturing resources into reserves, targeting opportunities in and around proven assets with existing infrastructure. The company actively seeks growth through mergers and acquisitions, farm-ins, and participation in lic

Funding rounds (1 disclosed of 1)
Round Date Amount
PE Jan 2017 $100M
Founders & key people
Tech stack
wordpressmysqlphpbootstrapyoast seonginx+14
#11
Erin Energy Public
$135M Raised
expand_more
location_onDrobak, Viken
Founded
2005
Employees
64
Funding raised
$135M
Stage
Public

Erin Energy is US-based oil and gas exploration and production company with a focus on finding and producing oil in sub-Saharan Africa. The company's asset portfolio consists of nine licenses across four countries and covers an area of 43,000 square kilometers. The company has current production and other exploration projects offshore Nigeria, as well as exploration licenses offshore Ghana, Kenya and Gambia, and onsh

Funding rounds (1 disclosed of 1)
Round Date Amount
Post IPO Feb 2014 $135M
Founders & key people
Investors
#12
Spring Energy Acquired
$120M Raised
expand_more
location_onOslo, Oslo
Founded
2007
Funding raised
$120M
Stage
Acquired

Spring Energy was a Norwegian oil and gas company focused on exploration and production of oil and gas in the Norwegian Continental Shelf. The company had interests in offshore licenses in the North, Norwegian and Barents Seas. The company was acquired by Tullow Oil in Dec 2012.

Funding rounds (1 disclosed of 1)
Round Date Amount
PE Apr 2008 $120M
Founders & key people

Recent signals in Norway Oil & Gas Upstream

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Funding & investor landscape

Total raised
$6.1B
across these companies
Companies funded
14
with disclosed funding
Highest-funded
$4B raised

Most active investors

HitecVision HitecVision 9 investments in Oil & Gas Upstream Bluewater Bluewater 2 investments in Oil & Gas Upstream Barclays Natural Resource Investments Barclays Natural Resource Investments 1 investment in Oil & Gas Upstream CCB Financial Leasing CCB Financial Leasing 1 investment in Oil & Gas Upstream Chappal Chappal 1 investment in Oil & Gas Upstream Europa Europa 1 investment in Oil & Gas Upstream KKR KKR 1 investment in Oil & Gas Upstream Kerogen Capital Kerogen Capital 1 investment in Oil & Gas Upstream Kurdistan Regional Government Kurdistan Regional Government 1 investment in Oil & Gas Upstream PIC PIC 1 investment in Oil & Gas Upstream Public Investment Fund Public Investment Fund 1 investment in Oil & Gas Upstream Riverstone Energy Riverstone Energy 1 investment in Oil & Gas Upstream

Notable founders in Norway Oil & Gas Upstream

MM Melissa Mccarthy CEO BlueNord · $1.1M raised
ES Euan Shirlaw CEO BlueNord · $1.1M raised
SS Sveinung Støhle President & CEO Hoegh LNG · $430.5M raised
JC Jonathan Cooper Founder Longboat Energy · $48.6M raised
HH Helge Hammer Founder & CEO Longboat Energy · $48.6M raised
GS Graham Stewart Founder Longboat Energy · $48.6M raised
JR Julian Riddick Founder Longboat Energy · $48.6M raised
Karl Hersvik Karl Hersvik CEO Aker BP · $4B raised
SS Sverre Skogen Chairman & CEO Mime Petroleum · $300M raised
Svein Ilebekk Svein Ilebekk Founder & CEO Origo Exploration · $525M raised
PJ Paula Johnson CEO & President Wellesley · $250M raised

Frequently asked questions

How many Oil & Gas Upstream companies are there in Norway?
Radar tracks 52 indexable Oil & Gas Upstream companies headquartered in Norway that meet our profile-completeness bar.
What is the total funding raised by Oil & Gas Upstream companies in Norway?
The Oil & Gas Upstream companies in Norway on this list have raised a combined $6.1B in disclosed equity funding across 14 funded companies.
Which is the highest-funded Oil & Gas Upstream company in Norway?
Aker BP is the highest-funded Oil & Gas Upstream company in Norway, with $4B in disclosed equity funding.
How many Oil & Gas Upstream companies in Norway are funded?
14 of the 52 Oil & Gas Upstream companies in Norway on this list have disclosed at least one equity funding round.
How many Oil & Gas Upstream unicorns are there in Norway?
None of the Oil & Gas Upstream companies in Norway on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Norway Oil & Gas Upstream companies?
The most active investors in Norway Oil & Gas Upstream companies on this list include HitecVision, Bluewater, Barclays Natural Resource Investments, CCB Financial Leasing, Chappal.

Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-07-28.

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