Search results for: hitecvision

187 results

A list of search results

  • 3 June 2010

    HitecVision, Europe’s largest equity investor focusing exclusively on the oil and gas industry, announced today that it has accepted commitments of USD 420 million for its new fund, HitecVision Asset Solutions, exceeding the original USD 320 million target. The fundraising had strong support from existing as well as new international investors. HitecVision Asset Solutions will […]

  • 1 June 2016
    Business & Finance

    Norway-based investment fund HitecVision has announced that the merger between its portfolio companies Core Energy, Spike Exploration and Pure E&P has been completed, and the new company Point Resources is formally established and operative.  HitecVision in January announced the merger of its portfolio three companies to form a mid-sized independent oil company focused on the Norwegian Continental Shelf. CEO Roar […]

  • 7 June 2018
    Business & Finance

    Norway-based investment fund HitecVision has opened a London office and has made two new additions to its staff.

  • 4 April 2014

    HitecVision, the leading European private equity investor focused on the oil and gas industry, has received commitments of USD 1.9 billion for its new fund HitecVision VII L.P., exceeding the USD 1.5 billion target. The strong interest from existing and new investors attests to HitecVision’s value creation model in the oil and gas industry. With […]

  • 28 January 2014
    Business & Finance, Equipment, Technology

    HitecVision has announced the acquisition of GC Rieber Shipping ASA (GCR) shares in Reef Subsea. Through this share purchase HitecVision secures 100% of the shares in the company and enables Reef Subsea to move forward with a strategy to develop Reef along two main business areas – dredging and excavation (D&E) and integrated projects (IP). […]

  • 12 December 2013
    Business & Finance

    HitecVision announces the sale of Stream AS to MRC Global for a total consideration of $260 million (NOK 1.600 million) on a 100% enterprise value basis. HitecVision and Converto Capital acquired Stream in 2010 through the public to private transaction of Bjørge ASA. Subsequent to the delisting, a three-way demerger of Bjørge was carried out, […]

  • 20 May 2020
    Business & Finance, Business developments & projects

    HitecVision and NEO Energy have renegotiated terms for the acquisition of a portfolio of operated and non-operated assets in the UK North Sea from French oil major Total.

  • 4 July 2012
    Business & Finance

    J. Lauritzen A/S, one of Denmark’s leading shipping companies, has today formed a 50/50 joint venture with HitecVision, the Norwegian-based leading oil and gas focused private equity investor. The platform of the joint venture will comprise J. Lauritzen’s Accommodation and Support Vessel (ASV) Dan Swift. The vessel was delivered in December 2009 and has since […]

  • 4 July 2012
    Business & Finance

    J. Lauritzen A/S, one of Denmark’s leading shipping companies, has today formed a 50/50 joint venture with HitecVision, the Norwegian-based leading oil and gas focused private equity investor. The platform of the joint venture will comprise J. Lauritzen’s Accommodation and Support Vessel (ASV) Dan Swift. The vessel was delivered in December 2009 and has since […]

  • 6 February 2015
    Business & Finance, Equipment, Operations & Maintenance

    Norwegian offshore wind and oil & gas services player, Reef Subsea, has filed a bankruptcy petition to Bergen District Court despite company’s efforts to restructure and cut costs in order to stay afloat in today’s challenging market. The company, established in February 2010 and 100% owned by Stavanger-based company HitecVision, is likely to be Norway’s first […]

  • 23 April 2014
    Business & Finance, Operations & Maintenance, Research & Development

    Reef Subsea has announced a re-organization to create three independent companies, Reef Subsea, X-Subsea and Technocean Subsea, all with separate management and independent strategies. Reef Subsea was created in 2010 in a joint venture between the oil and gas private equity investor HitecVision and Rieber Shipping. Following three years of growth in operations in the […]

  • 29 March 2017
    Business & Finance

    Norway-based investment fund HitecVision and its portfolio company Point Resources have signed an agreement to acquire ExxonMobil’s operated upstream business in Norway from ExxonMobil Exploration and Production Norway. HitecVision created its majority owned company Point Resources in January 2016 by merging three oil companies – Pure E&P, Spike Exploration, and Core Energy – to form a mid-sized independent oil […]

  • 28 January 2014
    Business & Finance, Operations & Maintenance, Storage

    HitecVision has announced the acquisition of GC Rieber Shipping ASA (GCR) shares in Reef Subsea. Through this share purchase HitecVision secures 100% of the shares in the company and enables Reef Subsea to move forward with a strategy to develop Reef along two main business areas – dredging and excavation (D&E) and integrated projects (IP). […]

  • 7 July 2010
    Business & Finance

    Statoil and HitecVision have signed an agreement under which HitecVision will acquire Statoil’s subsidiary Tampnet AS. Tampnet operates a large high capacity communication network between offshore installations. Established by Statoil in 2001, Tampnet has since grown to serve 34 oil and gas fields and carrying traffic for over 60 platforms operated by a multitude of […]

  • 27 May 2015
    Business & Finance

    HitecVision reported that the voluntary offer made by its portfolio company EPSI for all shares in Norwegian oil company Rocksource ASA has ended on May 26, 2015. EPSI launched its takeover offer in December 2014 valuing Rocksource at NOK 590 million. At the end of the offer, EPSI has received acceptances to purchase approximately 7.3% of […]

  • 3 April 2019
    Business & Finance

    The Norwegian media have speculated the price is more than $1 billion.

  • 24 September 2015
    Business & Finance

    Private equity player, HitecVision, has informed that Jan Harald Solstad will join the company on the October 1 as Senior Partner. For the last five years Jan Harald has been CEO of Core Energy, a HitecVision Fund V portfolio company. Jan Harald started his career at oil company Conoco, where he worked in Norway as […]

  • 14 February 2020
    Business & Finance

    Norwegian investment firm HitecVision has decided to put together 20 of its oilfield service companies into a new industrial group.

  • 12 June 2015
    Business & Finance

    Rocksource, an exploration company focusing on the Norwegian Continental Shelf,  has named Roar Tessem as the new Chief Executive Officer (CEO). After Rocksource and its previous CEO, Terje Arnesen, mutually agreed that Arnesen will step down from his position on June 1, 2015, the board of the company has chosen Tessem as the new CEO. The company […]

  • 20 November 2015

    HitecVision, a private equity investor specialized in buyouts and growth-stage investments in the oil and gas industry, has bought shares in Prosafe, a provider of semi-submersible accommodation vessels.  North Sea Strategic Investments AS, a company managed by HitecVision, has on November 19, 2015 sold 80,000 shares in Prosafe SE and entered into a forward contract of 300.000 […]

  • 23 April 2014
    Business & Finance, Equipment, Technology

    Reef Subsea was created in 2010 in a joint venture between the oil and gas private equity investor HitecVision and Rieber Shipping. Following three years of growth in operations in the three current business lines, a strategic review by the board of directors and the owner of HitecVision has led to the re-organization of the […]

  • 18 January 2016
    Business & Finance

    Norway-based investment fund HitecVision has merged three oil companies it manages through private equity funds to form a mid-sized independent oil company focused on the Norwegian Continental Shelf. Pure E&P AS (previously Rocksource), Spike Exploration AS, and Core Energy AS will be consolidated to create Point Resources. HitecVision said the funds from the three companies would jointly invest […]