Norwegian private equity fund HitecVision has decided to merge its two UK North Sea businesses, sparking the exit of Aberdeen-based Verus Petroleum's boss.
Aberdeen Drilling School (ADS) has bought Norwegian simulator company Oiltec Solutions, from Teresoft, a HitecVision portfolio company.
Total will remain one of the major players in the UK North Sea despite the proposed sale of a package of assets to Petrogas in a £509m deal.
Norwegian private equity fund HitecVision has sold portfolio company CapeOmega for £1 billion.
Italian oil firm Eni has reportedly joined forces with Norwegian private-equity fund HitecVision to table a bid for ConocoPhillips' North Sea portfolio.
Norwegian private equity fund HitecVision has reportedly put its UK North Sea oil production firm up for sale.
Norwegian private equity fund HitecVision has restructured oil service group Apply after more than doubling its stake through a £37.5million investment.
An independent oil and gas firm has raised £120million in a fresh lending package with a South African bank as it completes a deal to buy up North Sea assets