North Energy was founded in 2007. In 2008, the company was pre-qualified as license owner on the Norwegian Continental Shelf (NCS), and the year after as operator.
In 2010, North Energy was listed on Oslo Stock Exchange.
Over the years, the company has done well in the licensing rounds, and is today represented with several licenses along the NCS.
In 2016 the company were restructured and North Energy ASA is now a holding company for a group of operating companies. The exploration activities are gathered in North E&P AS, while other North Energy investments are made from North Energy Capital AS.