Norwegian Energy Strong Balance Sheet Stocks

ADS Maritime Holding

Market Cap: NOK 143.4m

Operates as a shipping investment company.

Awilco Drilling

Market Cap: NOK 29.8m

Does not have significant operations.

NorAm Drilling

Market Cap: NOK 1.2b

Owns and operates AC driven rigs tailored for the drilling of horizontal wells in the United States.

Hafnia

Market Cap: NOK 22.1b

Owns and operates oil product tankers in Bermuda.

Petrolia

Market Cap: NOK 221.3m

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

PetroNor E&P

Market Cap: NOK 1.5b

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

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 986.0m

Operates in the shipping, offshore, and energy sectors.

Hunter Group

Market Cap: NOK 117.3m

An investment company, primarily focuses on the shipping and oil service investments in Norway and internationally.

Avance Gas Holding

Market Cap: NOK 817.2m

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.

ABL Group

Market Cap: NOK 1.2b

An investment holding company, provides energy, and marine and engineering consultancy services to renewables, maritime, and oil and gas industries worldwide.

Awilco LNG

Market Cap: NOK 391.0m

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

Aker BP

Market Cap: NOK 137.5b

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

Subsea 7

Market Cap: NOK 43.0b

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

SeaBird Exploration

Market Cap: NOK 434.6m

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

Aker Solutions

Market Cap: NOK 14.0b

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 1.7b

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

BWG

Market Cap: NOK 15.2b

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

BW Offshore

Market Cap: NOK 4.9b

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

Reach Subsea

Market Cap: NOK 2.3b

Provides subsea services in Norway and internationally.

Equinor

Market Cap: NOK 671.0b

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

Independent Oil & Resources

Market Cap: NOK 95.8m

Through its subsidiaries, engages in the holding and trading of investments in oil and gas, and green energy industries in Cyprus.

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 2.7b

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

Knox Energy Solutions

Market Cap: NOK 31.4m

Operates as an energy investment company in Norway.

ReFuels

Market Cap: NOK 882.0m

Engages in the design, development, and operation of biomethane and compressed natural gas (CNG) refueling stations in the United Kingdom and rest of Europe.

OKEA

Market Cap: NOK 1.7b

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

Dolphin Drilling

Market Cap: NOK 729.7m

Operates as a harsh environment drilling contractor for the offshore oil and gas industry in Mexico, Norway, and Nigeria.

Eidesvik Offshore

Market Cap: NOK 817.4m

Offers various shipping services in Norway.

Okeanis Eco Tankers

Market Cap: NOK 7.0b

A shipping company, owns and operates tanker vessels worldwide.

DOF Group

Market Cap: NOK 19.6b

Owns and operates a fleet of offshore and subsea vessels.

DNO

Market Cap: NOK 11.3b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

Horisont Energi

Market Cap: NOK 27.8m

A clean energy company, engages in the production and sale of clean ammonia and hydrogen in Norway.

Aquila Holdings

Market Cap: NOK 163.6m

Manages a seismic ocean bottom node multi-client data library with assets in Norway and Egypt.

BW Energy

Market Cap: NOK 7.8b

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