Private equity firm sells oil service companies

A Norwegian private equity firm sells four oil service companies for a total price of USD 139 million. Not long ago, another equity fund shelved its plans to sell a number of oil service companies.

Photo: Magnus Holm/Politiken/Ritzau Scanpix

Norwegian private equity firm EV Private Equity has sold four oil service companies for a total price of NOK 1.3 billion (USD 139 million), writes Norwegian business daily Dagens Næringsliv.

The four companies in question are Halfwave, Halfwave Subsea, Fotech and Enpro Subsea, which have been sold to a number of different buyers, including BP.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Employee of Danish marine fuel supplier charged for corruption in Singapore

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

EU awards big aid for Danish scaled green hydrogen push

The European Union has green-lit millions of euros of subsidy for a 100MW hydrogen project in Denmark with the involvement of several big domestic players. The project is meant to be the enabling stepping stone for GW-scale H2 projects as well as electrolysis at sea.

Further reading

Related articles

Trial banner

Latest News

See all jobs