// THE NORDICS · INDUSTRY
Data updated 19 June 2026
Oil & Gas Companies Across Nordics
Companies
5,632
Market
the Nordics
The Oil & Gas sector in the Nordics comprises 5,632 companies across 9 sub-industries. Its largest sub-industry is Production of electricity from hydropower (4,098 companies), and the highest-revenue company is TotalEnergies EP Norge AS. This page breaks the oil and gas market down by sub-industry, company size and revenue, and lists the 50 largest companies in the Nordics by revenue. Data last updated 19 June 2026.
Drill into the individual extraction of crude petroleum markets: Denmark, Norway.
Summary: key data points for Oil & Gas in the Nordics
- Total companies: 5,632
- Sub-industries: 9
- Largest sub-industry: Production of electricity from hydropower — 4,098 companies (72.8% of the sector)
- Second largest: Trade in electricity — 642 companies
- Third largest: Distribution of electricity — 360 companies
- Companies with reported revenue: 2,823
- Companies with €10M+ revenue: 484
- Companies with reported headcount: 2,060
- Larger employers (100+ staff): 84
Oil & Gas in the Nordics by sub-industry
| Sub-industry | Companies | % of sector |
|---|---|---|
| Production of electricity from hydropower | 4,098 | 72.8% |
| Trade in electricity | 642 | 11.4% |
| Distribution of electricity | 360 | 6.4% |
| Steam and hot water supply | 222 | 3.9% |
| Trade in gas through pipelines | 187 | 3.3% |
| Extraction of crude oil | 120 | 2.1% |
| Lagring av elektricitet | 1 | 0.0% |
| Generering av elektricitet från förnybara energikällor | 1 | 0.0% |
| Handel med elektricitet | 1 | 0.0% |
Company size — Oil & Gas in the Nordics
Based on the 2,060 oil and gas companies in the Nordics with reported employee figures.
| Employees | Companies | % of reported |
|---|---|---|
| 1–10 | 1,633 | 79.3% |
| 11–49 | 256 | 12.4% |
| 50–99 | 87 | 4.2% |
| 100–199 | 44 | 2.1% |
| 200–499 | 23 | 1.1% |
| 500+ | 17 | 0.8% |
The sector is dominated by small firms — 79.3% of companies with reported headcount have 1–10 employees. At the other end, 84 companies employ 100+ people and represent the high-value enterprise accounts.
Revenue distribution — Oil & Gas in the Nordics
Based on the 2,823 oil and gas companies in the Nordics with reported revenue.
| Revenue band | Companies | % of reported |
|---|---|---|
| €0–100k | 882 | 31.2% |
| €100k–200k | 255 | 9.0% |
| €200k–500k | 306 | 10.8% |
| €500k–1M | 206 | 7.3% |
| €1M–10M | 690 | 24.4% |
| €10M–100M | 392 | 13.9% |
| €100M+ | 92 | 3.3% |
Top 50 Oil & Gas companies in the Nordics by revenue
| Business ID | Company | Website | Employees | Revenue | Sub-industry |
|---|---|---|---|---|---|
| 927066440 | TotalEnergies EP Norge AS | totalenergies.no | 100–199 | €6.2B | Extraction of crude oil |
| 5560362138 | Vattenfall AB | vattenfall.se | 500+ | €5.3B | Production of electricity from hydropower |
| 918110127 | Conocophillips Skandinavia AS | conocophillips.com | — | €3.4B | Extraction of crude oil |
| 0109160-2 | Fortum Power and Heat Oy | fortum.fi | 500+ | €1.9B | Production of electricity from hydropower |
| 5560068230 | Fortum Sverige AB | fortum.se | 200–499 | €1.5B | Production of electricity from hydropower |
| 2630573-4 | Helen Oy | helen.fi | 500+ | €1.4B | Production of electricity from hydropower |
| 1072894-3 | Fingrid Oyj | fingrid.fi | 500+ | €1.1B | Production of electricity from hydropower |
| 5560706060 | E.ON Energidistribution Aktiebolag | eon.se | 500+ | €1.0B | Distribution of electricity |
| 5564170800 | Vattenfall Eldistribution AB | vattenfalleldistribution.se | 500+ | €952.9M | Distribution of electricity |
| 0196656-0 | Teollisuuden Voima Oyj | tvo.fi | 500+ | €897.4M | Production of electricity from hydropower |
| 5560145889 | E.ON Energilösningar Aktiebolag | eon.se | 50–99 | €862.0M | Trade in electricity |
| 5560169095 | Stockholm Exergi AB | stockholmexergi.se | 500+ | €823.5M | Steam and hot water supply |
| 5560016064 | Jämtkraft Aktiebolag | jamtkraft.se | 200–499 | €802.0M | Production of electricity from hydropower |
| 5560377326 | Ellevio AB | ellevio.se | 500+ | €756.9M | Distribution of electricity |
| 1842073-2 | Vattenfall Oy | vattenfall.fi | 50–99 | €754.7M | Trade in electricity |
| 0210161-4 | Pohjolan Voima Oyj | pohjolanvoima.fi | 11–49 | €748.1M | Trade in electricity |
| 975798658 | EQUINOR APSHERON AS | — | €740.3M | Extraction of crude oil | |
| 5565490678 | Fortum Markets AB | fortum.com | 200–499 | €708.5M | Trade in electricity |
| 977312043 | Equinor Angola Block 17 AS | — | €684.3M | Extraction of crude oil | |
| 5561748525 | Forsmarks Kraftgrupp Aktiebolag | 500+ | €596.0M | Production of electricity from hydropower | |
| 5566434410 | Modity Energy Trading AB | modity.se | 11–49 | €591.9M | Trade in electricity |
| 2760639-5 | UPM Energy Oy | upmenergy.com | 50–99 | €585.4M | Production of electricity from hydropower |
| 5560162561 | Skellefteå Kraftaktiebolag | skekraft.se | 200–499 | €559.4M | Production of electricity from hydropower |
| 5565442638 | Bixia AB | bixia.se | 50–99 | €521.4M | Trade in electricity |
| 866009392 | EQUINOR DEZASSETE AS | — | €511.8M | Extraction of crude oil | |
| 1852328-0 | Fortum Markets Oy | fortum.fi | 100–199 | €508.5M | Trade in electricity |
| 5565587036 | Ringhals AB | 500+ | €496.6M | Production of electricity from hydropower | |
| 5561326371 | Sydkraft Nuclear Power AB | 11–49 | €482.0M | Production of electricity from hydropower | |
| 5560263120 | Sydkraft Hydropower AB | 100–199 | €475.3M | Production of electricity from hydropower | |
| 1618314-7 | Caruna Oy | caruna.fi | 100–199 | €424.3M | Production of electricity from hydropower |
| 5564786555 | Entelios AB | entelios.se | 11–49 | €413.1M | Trade in electricity |
| 977311950 | EQUINOR ANGOLA BLOCK 15 AS | — | €404.0M | Extraction of crude oil | |
| 5566906839 | Gasum AB | gasum.com | 50–99 | €398.3M | Trade in gas through pipelines |
| 5563626794 | Göteborg Energi Aktiebolag | goteborgenergi.se | 500+ | €394.8M | Steam and hot water supply |
| 1703296-5 | Oomi Palvelut Oy | oulunsahkonmyynti.fi | — | €394.5M | Trade in electricity |
| 5564258134 | Produktionsbalans PBA AB | pba.it | — | €393.1M | Production of electricity from hydropower |
| 3101315-4 | Oomi Oy | oomi.fi | 50–99 | €374.0M | Trade in electricity |
| 5568101520 | Vattenfall Vattenkraft AB | vattenfall.com | 200–499 | €366.8M | Production of electricity from hydropower |
| 5564489150 | Mälarenergi AB | malarenergi.se | 200–499 | €359.7M | Steam and hot water supply |
| 5567307904 | Statkraft Sverige AB | statkraft.se | 200–499 | €354.6M | Production of electricity from hydropower |
| 5561461814 | E.ON Energiinfrastruktur AB | 200–499 | €353.7M | Trade in electricity | |
| 3001882-6 | Elenia Verkko Oyj | elenia.fi | 50–99 | €348.8M | Production of electricity from hydropower |
| 5560633728 | OKG Aktiebolag | okg.se | 500+ | €346.2M | Production of electricity from hydropower |
| 0984944-9 | Oy Turku Energia-Åbo Energi Ab | turkuenergia.fi | 200–499 | €333.2M | Distribution of electricity |
| 5567138549 | Mind Energy AB | energi-sverige.se | 11–49 | €330.8M | Trade in electricity |
| 5560049727 | Tekniska verken i Linköping AB (publ) | tekniskaverken.se | 500+ | €325.7M | Steam and hot water supply |
| 2038931-6 | Lumme Energia Oy | lumme-energia.fi | 11–49 | €314.6M | Trade in electricity |
| 2116967-3 | Mind Energy Oy | energiasuomi.fi | 1–10 | €303.6M | Trade in electricity |
| 971195290 | Equinor Angola Block 31 AS | — | €269.6M | Extraction of crude oil | |
| 2923655-1 | Väre Oy | vare.fi | 50–99 | €252.0M | Trade in electricity |
How to sell to Oil & Gas companies in the Nordics
- Micro-business heavy: 79.3% of firms with reported headcount have 1–10 staff — keep offers simple, fast to adopt, and priced for small teams.
- Enterprise tier: 84 companies have 100+ employees — these are your high-ACV accounts that warrant named-account outbound.
- Revenue concentration: 484 companies report €10M+ revenue and concentrate most of the sector's buying power.
- Segment your list: the sector splits across 9 sub-industries led by Production of electricity from hydropower — target by sub-industry rather than the sector as a whole.
- Reach the decision-makers: Nordic Lead Database provides verified emails and direct phone numbers for executives at the Nordics's oil and gas companies.
Oil & Gas Companies Across Nordics across the Nordics
Compare the oil & gas companies across nordics sector in the Nordics with the other Nordic markets.
Buy the full Oil & Gas Companies Across Nordics dataset for the Nordics
Full company insights, verified decision-maker contacts, and CSV/Excel export. Book a meeting and we'll provision access.
Book a meetingFrequently Asked Questions
How many oil and gas companies are there in the Nordics?+
There are 5,632 oil and gas companies in the Nordics, split across 9 sub-industries, the largest being Production of electricity from hydropower with 4,098 companies. Figures were last updated on 19 June 2026.
What are the largest oil and gas companies in the Nordics?+
Ranked by revenue, the largest oil and gas companies in the Nordics include TotalEnergies EP Norge AS, Vattenfall AB, Conocophillips Skandinavia AS, Fortum Power and Heat Oy, Fortum Sverige AB. The full top 50 list with revenue, headcount and website is shown above.
How can I get contact data for decision-makers at oil and gas companies in the Nordics?+
Nordic Lead Database provides verified emails, direct phone numbers and company data for decision-makers at the Nordics's 5,632 oil and gas companies. Book a meeting and we'll provision access or build a custom export.
All the Nordics industries
Browse every NACE industry in the Nordics — 83 sectors in total.
Administrative & Business Support Advertising & Market Research Agriculture & Farming Airlines & Air Transport Architecture & Engineering Arts & Entertainment Associations & Membership Organisations Automotive Manufacturing Banking & Financial Services Beverage Production Building Construction Car Dealers & Vehicle Repair Cement, Glass & Building Materials Chemicals Manufacturing Civil Engineering & Infrastructure Cleaning & Facility Services Clothing & Apparel Computer & Electronics Repair Education & Training Electrical Equipment Manufacturing Electronics Manufacturing Energy & Utilities Environmental & Remediation Services Film & TV Production Financial Services & Brokerage Fishing & Aquaculture Food Manufacturing Forestry & Logging Furniture Manufacturing Gambling & Betting Government & Public Administration Healthcare Hotel & Accommodation Household Employers & Domestic Services IT & Information Services Insurance & Pensions International Organisations Law & Accounting Firms Leather Goods Manufacturing Logistics & Warehousing Machinery & Industrial Equipment Machinery Repair & Installation Management Consulting Metal Fabrication Metal Ore Mining Mining & Quarrying Mining Services Museums & Cultural Institutions Nursing & Residential Care Other Manufacturing Personal Services Pharmaceutical Manufacturing Plastics & Rubber Postal & Courier Services Printing & Media Reproduction Publishing Pulp & Paper Real Estate Recruitment & Staffing Rental & Leasing Research & Development Restaurants & Food Service Retail Road & Rail Transport Security Services Shipbuilding & Transport Equipment Shipping & Maritime Social Services Software & IT Services Specialist Construction & Trades Sports & Recreation Steel & Metals Manufacturing TV & Radio Broadcasting Telecoms Textiles Manufacturing Travel Agencies & Tour Operators Veterinary Services Waste Management & Recycling Wastewater & Sewerage Water Utilities Wholesale & Distribution Wood & Timber Products