Norwegian Energy Potentially Undervalued Companies

Aker BP

Market Cap: NOK 135.0b

Explores for, develops, and produces oil and gas on the Norwegian Continental Shelf.

Archer

Market Cap: NOK 1.8b

Provides various oilfield products and services to the oil and gas industry in Norway, Argentina, the United Kingdom, and internationally.

Sea1 Offshore

Market Cap: NOK 2.6b

Owns and operates offshore support vessels for the offshore energy service industry.

Aker Solutions

Market Cap: NOK 13.7b

Provides solutions, products, systems, and services to the oil and gas industry in Norway, the United States, Brazil, the United Kingdom, Malaysia, Angola, Brunei, Canada, India, and internationally.

Odfjell Technology

Market Cap: NOK 1.6b

A technology and engineering company, provides well, drilling operations, and engineering services in Norway, the United Kingdom, Malaysia, Europe, Asia, and internationally.

Frontline

Market Cap: NOK 3.5b

A shipping company, engages in the ownership and operation of oil and product tankers worldwide.

Cool

Market Cap: NOK 2.9b

Acquires, owns, operates, and charters liquefied natural gas carriers (LNGCs).

Hafnia

Market Cap: NOK 21.9b

Owns and operates oil product tankers in Bermuda.

Solstad Offshore

Market Cap: NOK 3.0b

Owns and operates offshore service vessels.

DOF Group

Market Cap: NOK 18.9b

Owns and operates a fleet of offshore and subsea vessels.

Okeanis Eco Tankers

Market Cap: NOK 6.9b

A shipping company, owns and operates tanker vessels worldwide.

BWG

Market Cap: NOK 14.4b

An investment holding company, engages in ship owning and chartering activities worldwide.

Panoro Energy

Market Cap: NOK 2.5b

An independent exploration and production company, engages in the exploration, development, and production of oil and gas properties in Africa.

BW Offshore

Market Cap: NOK 4.8b

Engages in the engineering of offshore production solutions in the Americas, Europe, Africa, Asia, and the Pacific.

Shelf Drilling

Market Cap: NOK 1.5b

Operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and the North Sea.

Equinor

Market Cap: NOK 662.6b

An energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally.

SeaBird Exploration

Market Cap: NOK 441.0m

Provides marine seismic data for the oil and gas industry in Europe, Africa, the Middle East, North and South America, and the Asia Pacific.

Interoil Exploration and Production

Market Cap: NOK 30.4m

Operates as an upstream oil exploration and production company in Argentina and Colombia.

Awilco LNG

Market Cap: NOK 351.3m

Owns and operates liquefied natural gas (LNG) vessels in Norway.

Awilco Drilling

Market Cap: NOK 33.7m

Does not have significant operations.

Deep Value Driller

Market Cap: NOK 1.3b

Engages in owning, contracting, and managing drilling rigs in West Africa, International Waters, and Norway.

Northern Ocean

Market Cap: NOK 1.7b

A drilling contractor, provides offshore contract drilling services for the oil and gas industry worldwide.

OKEA

Market Cap: NOK 1.6b

An oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf.

PetroNor E&P

Market Cap: NOK 1.5b

Operates as an independent oil and gas exploration and production company in countries offshore West Africa.

Petrolia

Market Cap: NOK 226.4m

Sells and rents energy service equipment to energy industry in Norway, rest of Europe, Asia, and Australia.

Dwellop

Market Cap: NOK 61.9m

Develops and delivers a range of well intervention products and systems to top tier services and oil companies worldwide.

S.D. Standard ETC

Market Cap: NOK 983.4m

Operates in the shipping, offshore, and energy sectors.

DOF Installer

Market Cap: NOK 135.7m

DOF Installer ASA supplies vessels for the subsea and AHTS market in Norway, Singapore, Canada, and the United States.

BW Energy

Market Cap: NOK 7.5b

Engages in the exploration and production of oil and gas properties.

Reach Subsea

Market Cap: NOK 2.3b

Provides subsea services in Norway and internationally.

Avance Gas Holding

Market Cap: NOK 811.9m

Engages in the transportation of liquefied petroleum gas (LPG) worldwide.

Akastor

Market Cap: NOK 2.9b

Operates as an oilfield services investment company in Norway and internationally.

ADS Maritime Holding

Market Cap: NOK 133.5m

Operates as a shipping investment company.

Electromagnetic Geoservices

Market Cap: NOK 257.4m

Provides electromagnetic (EM) surveying technology and services to the offshore oil and gas exploration industry.

Subsea 7

Market Cap: NOK 41.8b

Subsea 7 S.A. delivers offshore projects and services for the energy industry worldwide.

Seacrest Petroleo Bermuda

Market Cap: NOK 30.2m

An independent oil and gas production company, engages in the redevelopment of midlife onshore producing oil and gas fields in Brazil.