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Vår Energi AS is an oil and gas exploration and production company based in Norway. The company focuses on extracting hydrocarbons from the Norwegian Continental Shelf, an area known for its significant oil and gas resources. Vår Energi operates across various fields, with a portfolio comprising both development projects and production activities. Formed in 2018 through the merger of Eni Norge AS and Point Resources AS, it benefits from its strategic location and advanced technology in safe and efficient operations. Headquartered in Sandnes, Norway, Vår Energi leverages its robust operational expertise to maintain a strong presence in the North Sea, Norwegian Sea, and Barents Sea.

Shell is an integrated energy company involved in the exploration, production, refining, and marketing of oil and natural gas, as well as the manufacturing and distribution of chemicals. The company operates across several segments, including upstream, integrated gas, downstream, and renewables and energy solutions. Founded in 1907, Shell is headquartered in The Hague, Netherlands, and operates in over 70 countries worldwide. Its strategic strengths include a diversified portfolio with significant investments in liquefied natural gas (LNG) and a growing focus on renewable energy and decarbonization efforts. The company's global presence and extensive supply chain network contribute to its significant competitive positioning in the energy sector.