px Group has been appointed as the operator of the Risavika Liquefaction Plant (RLP) in southern Norway, in its first significant contract win outside the UK.
North Sea MidStream Partners
Private equity took a keen interest in the UK North Sea in 2021, with £2.4 billion worth of deals for the country’s oil and gas industry.
The owner of the St Fergus Gas Terminal in Aberdeenshire has bought in as a partner in the Acorn CCS project.
‘Scotland’s CCS contribution starts here’ – Acorn project signs MoU with two North Sea gas terminals, ExxonMobil joins NECCUS alliance
A deal has been struck that could pave the way for emissions from North Sea gas pipelines, operated by ExxonMobil and Shell, to be captured and locked away.
Private-equity house Bluewater has sold its controlling stake in px Group, which operates and maintains St Fergus gas plant, near Peterhead.
Kuwait’s sovereign wealth fund has announced it will sell a 43.1% stake in North Sea infrastructure in a multi-million pound deal.
Infrastructure fund Wren House has confirmed that it will buy an oil and gas pipeline firm with offices in Aberdeen.
Striking the right balance between efficiency, integrity and investment is key to maximising economic recovery in the UK North Sea, an Aberdeen conference heard yesterday.