Major private equity poised to venture a billion dollars into oil and gas

While other funds move away from black energy, Hitecvision has raised more than USD 1 billion for new oil and gas investments.

Hitecvision har helped, among others, Vår Energi acquire Exxon Mobil's Norwegian oil assets. | Photo: PR / Vår Energi

by MATHIAS JULIUS FALKENGAARD

Hitecvision – Norway's largest private equity firm – is ready to lay USD 1 billion into new oil and gas companies, reports domestic business daily Dagens Næringsliv (DN).

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