Private equity

North Sea

Oil price war may trap private-equity firms in North Sea

The last time crude prices crashed in 2014, the North Sea looked like a treasure trove for private equity looking to buy cheap assets, build them up and sell for a profit. Now, just as these firms are seeking an exit, the oil-price war might leave them trapped

Oil & Gas

Private equity poised for oil growth as public companies pull back

Frost Cochran’s firm spends millions of dollars every month to build and expand pipelines that move crude oil in West Texas. But drillers are pumping so much oil that the Houston investor has stopped guessing when it might finish paying crews to dig trenches and weld steel as demand for the pipeline network, which now stretches across 850,000 acres, appears insatiable.

Oil & Gas

New service player backed by private equity fund enters Norwegian market

A new services player backed by private equity funds has been established in the Norwegian market. WellConnection Group has been formed with acquisitions of Eurotechnology InCon AS, Frank Mohn Mongstad AS and WellConnection Subsea AS. Equity funding was provided by Energy Ventures Private Equity (EVPE) to WellConnection Group to support the company’s planned growth strategy.