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
Photo: Photo Harald Pettersen - Statoil
BY KATRINE GRØNVALD RAUN & SØREN PICO, SHIPPINGWATCH

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.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now


Further reading







Jobs

See all jobs