Best Oil & Gas Upstream Companies in Norway
The 52 best Oil & Gas Upstream companies in Norway in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Aker BP.
Ranked: Best Oil & Gas Upstream companies in Norway
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Aker BP Provider of oil & gas exploration and production services | $4.0B | 87 mo ago | Public | Karl Hersvik CEO | 2001 | WordPress Block EditorWordPressApple iCloud Mail+29 | 52 signals ▲160% Announcements · Contracts · Earnings | 1,057 patents Patents concentrated in health & consumer products | 1 launch |
| 2 | Origo Exploration Exploration and production of oil and gas | $525M | 143 mo ago | Acquired | Svein Ilebekk Founder & CEO | 2014 | — | — | — | — |
| 3 | Hoegh LNG Provider of LNG production and sea based transportation services | $430M | 78 mo ago | Public | Sveinung Støhle President & CEO | 2006 | — | — | — | 1 job opening |
| 4 | Mime Petroleum Independent energy company operating across upstream and midstream energy markets | $300M | 77 mo ago | Acquired | Sverre Skogen Chairman & CEO | 2017 | — | — | — | — |
| 5 | Wellesley Norwegian oil and gas exploration and development operator | $250M | 133 mo ago | Public | Paula Johnson CEO & President | 2015 | — | — | — | — |
| 6 | Revus Energy Oil and gas exploration and production company | $154M | 218 mo ago | Acquired | Walter Sognnes Co-Founder | 2002 | — | — | — | — |
| 7 | Erin Energy Oil and gas exploration and production company | $135M | 149 mo ago | Public | Kase Lawal CEO | 2005 | — | — | — | — |
| 8 | Spring Energy Exploration and production company | $120M | 219 mo ago | Acquired | Paul McDade CEO | 2007 | — | — | — | — |
| 9 | Pandion Energy Independent full-cycle oil and gas company operating on the continental shelf | $100M | 113 mo ago | Late Stage | Jan Christian Ellefsen CEO | 2016 | — | — | — | — |
| 10 | Longboat Energy Provider of oil & gas exploration and production services | $49M | 60 mo ago | Public | Jonathan Cooper Founder | 2019 | — | — | — | — |
| 11 | Core Energy Exploration and Production in the Norwegian Continental Shelf | $42M | 126 mo ago | Deadpooled | William Wheeler Founder | 2010 | — | — | — | — |
| 12 | Petrolia NOCO Provider of oil and gas exploration services on the NCS | $6M | 131 mo ago | Series A | — | 2012 | — | — | — | — |
| 13 | Interoil Exploration and Production Independent oil and gas exploration and production company | $1M | 64 mo ago | Public | Leandro Carbone CEO | 2005 | WordPressMySQLPHP+11 | — | — | — |
| 14 | BlueNord Oil and gas company operating in the exploration, development, and production of hydrocarbon resources | $1M | 47 mo ago | Public | Melissa Mccarthy CEO | 2005 | WordPressApple iCloud MailMicrosoft 365+22 | 10 signals ▼55% Announcements · Earnings | — | — |
| 15 | Var Energi Independent oil & gas exploration and production company | — | 56 mo ago | Public | Nick Walker CEO | 1965 | WordPressApple iCloud MailMicrosoft 365+27 | 27 signals ▼23% Announcements · Contracts · Earnings | — | — |
| 16 | Equinor Energy production company | — | 56 mo ago | Public | Eldar Saetre CEO | 1972 | Apple iCloud MailMicrosoft 365Microsoft ASP.NET+13 | 114 signals ▼23% Contracts · Earnings · Buyback | — | 1 partnership · 1 expansion |
| 17 | DNO Upstream oil and gas company | — | 63 mo ago | Acquired | — | 1971 | Google MapsAzurelit-html+13 | 28 signals ▲47% Announcements · Contracts · Acquisition | — | — |
| 18 | CapeOmega Developer of low-carbon maritime energy infrastructure | — | 145 mo ago | Acquired | Frode Losnedal Founder & Partner | 2014 | — | — | — | — |
Top 12 Oil & Gas Upstream companies in Norway
#1
Public · Oslo, Oslo · founded 2005$1.1Mraised▾
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.
- Aug 2022Post IPO$1.1M
#2
Public · Oslo, Oslo · founded 2006 · 180 employees$430.5Mraised▾
Provider of LNG production and sea based transportation services
- Jan 2020Conventional Debt$124.5M
- Sep 2018Conventional Debt$206M
- Sep 2015Post IPO$100M
#3
Public · Stavanger, Rogaland · founded 2019 · 18 employees$48.6Mraised▾
Provider of oil & gas exploration and production services
- Jun 2021Post IPO$48.6M
#4
Public · Lysaker, Akershus · founded 2001 · 1839 employees$4Braised▾
Provider of oil & gas exploration and production services
- Apr 2019Conventional Debt$4B
#5
Acquired · Oslo, Oslo · founded 2017 · 14 employees$300Mraised▾
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 excellence to generate shareholder value through organic growth opportunities. The company's portfolio is designed for a balanced exposure across the energy value chain.
- Feb 2020Conventional Debt$32.5M
- May 2017PE$300M
#6
Acquired · Stavanger, Rogaland · founded 2014$525Mraised▾
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.
- Aug 2014PE$525M
#7
Public · Oslo, Oslo · founded 2005 · 62 employees$1.2Mraised▾
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 opportunities.
- Mar 2021Post IPO$1.2M
#8
Public · Stavanger, Rogaland · founded 2015 · 52 employees$250Mraised▾
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 of new technologies to enhance drilling operations and reduce environmental footprint. The company's strategy involves securing and developing oil and gas assets to meet energy demands.
- Jun 2015PE$250M
#9
Acquired · Stavanger, Rogaland · founded 2002 · 36 employees$154Mraised▾
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.
- May 2008Post IPO$73M
- Dec 2007Post IPO$81M
#10
Late Stage · Oslo, Oslo · founded 2016$100Mraised▾
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 licensing rounds. Its business model emphasizes high standards of governance and sustainable practices.
- Jan 2017PE$100M
#11
Public · Drobak, Viken · founded 2005 · 64 employees$135Mraised▾
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 onshore Kenya. The company was formerly known as CAMAC Energy and changed its name in 2015.
- Feb 2014Post IPO$135M
#12
Acquired · Oslo, Oslo · founded 2007$120Mraised▾
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.
- Apr 2008PE$120M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Oil & Gas Upstream coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.