EnergyWatch

Equity funds enter North Sea with billion-dollar investments

Three years after the oil plunge began, the market is now finally starting to restore itself – with wholly different prices and all new players. Some of these are major international equity funds entering the North Sea with billion-dollar investments. Read on to learn who these new funds are.

Photo: Photo Harald Pettersen - Statoil

While the oil crisis has prompted several trend-setting oil companies such as Shell and ExxonMobil to scale down their North Sea activities, major international equity funds are increasingly setting their sights on the region, and they have in recent years invested billions of dollars in projects and acquisitions of medium-sized companies operating in the North Sea.

Funds such as US-based Blackstone and Carlyle, and British Bluewater and EIG, have in the past year built up a war chest targeted the North Sea with USD 15 billion, according to a new review by consultant Wood Mackenzie.

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

Further reading

Related articles

Trial banner

Latest News

See all jobs