North Energy ASA (NORTHo)

North Energy ASA is a Norway-based industrial investment company focused on active ownership and long-term value creation through a diversified portfolio of investments. Founded in 2007 and headquartered in Oslo, it originally operated in oil and gas exploration on the Norwegian Continental Shelf, participating in 15 wells that yielded five discoveries before shifting strategy in 2016 to become a holding company. Today, North Energy ASA owns, manages, and finances activities primarily in the energy sector, including traditional oil and gas as well as emerging renewable energy production, while also exploring opportunities in other industries. It operates through Industrial Holdings and Financial Investments segments, holding stakes in listed and unlisted firms such as Reach Subsea ASA (17.98%), Thor Medical, and Touchstone Exploration Inc. With a lean team of three employees and co-CEOs Didrik Leikvang and Rachid Bendriss, the company plays a niche role in Norway's financial markets by influencing strategic directions of its portfolio companies and supporting energy transitions.