Siccar Point future shines a light on changing North Sea private equity strategies
News article from Merger Markets • Development spend, further acquisitions, to build portfolio value – CEO• Hedging mitigates low oil price impact through 2021 – CEO• RBL and bond look risky in prolonged low-price environment – bankers “After a pulled sale attempt earlier this year, Siccar Point Energy is moving ahead with developing its portfolio […]
Siccar Point Energy Announces Cambo FID Deferral to 2021
Operator Siccar Point Energy E&P Ltd (‘Siccar Point’), and its joint venture partner, Shell UK, have announced the deferral of the planned sanction date for the Cambo project to 2021 in light of the unprecedented worldwide macroeconomic dislocation resulting from Covid-19. The Cambo field, located 125km northwest of the Shetland Islands and in a water […]
Varel International Energy Services announces multi-million-dollar investment from Blue Water Energy
Varel International Energy Services, the international supplier to the Oil & Gas industry, has announced a multi-million-dollar investment from Blue Water Energy, the international private equity firm that specialises in the energy sector. Varel International Energy Services (VIES) is the parent company of Varel, the global supplier of drilling solutions focused on the Oil & […]
Unique Group acquires Western Advance’s Marine & Subsea Division in Western Australia
Unique Group strengthens Asia-Pacific presence with new acquisition Leading integrated subsea and offshore solutions provider, Unique Group has announced the acquisition of the Australian-company Western Advance’s Marine Division and appointment of Chris Forde as its new regional vice-president. Western Advance’s integration with Unique Group ties in with the Group’s strategy to enhance its portfolio of autonomous solutions for marine, offshore and subsea industry […]
Edge LNG plant solution reduces waste of natural gas and reduces carbon emissions
Edge LNG revolutionises the oil production problem of natural gas wastage – usually released into the air or burnt by flaring – Edge offer a solution at the wellhead using portable trucks whereby the gas is chilled to liquid form for storing and shipping. A solution which is increasing revenues and reducing greenhouse gas emissions. […]
Optilan appoints new CEO Bill Bayliss to expand operations and continue growth plan
Leading communications & security company Optilan appoints new CEO Bill Bayliss to expand operations and continue growth plans ● Bill Bayliss will succeed Richard Buckland as Chief Executive Officer and Director following a short handover period. ● Bayliss, who joins the company immediately, has experience building international businesses and will lead the continued growth of […]
Edge Gathering’s new deal to produce gas from stranded and orphaned wells in Tioga County, Pa, North American
Edge Gathering Virtual Pipelines 2 LLC (“Edge LNG”) will capture and liquefy natural gas from stranded wells in the Marcellus basin, using a process developed by Galileo Global Technologies and deployed exclusively by Edge LNG in North America. Operations at the Tioga County site are currently underway and will continue until 2022. Full news article […]
Severn Glocon announces multi-million pound investment from Blue Water Energy
· Leading valve manufacturer Severn Glocon Group announces an ambitious 5 year plan for growth following investment from Blue Water Energy. · Blue Water Energy has agreed to provide investment and expertise and is committed to supporting Severn Glocon in its goals. · Plans include the introduction of a new CEO, Colin Findlay, and a […]
Blue Water Energy participate in the recent 11th World Energy Capital Assembly
Blue Water Energy were delighted to participate in the recent 11th World Energy Capital Assembly in the Portfolio Managers session “Forging Ahead in Africa” The session was moderated by Ade Adeola, Managing Director – Energy & Natural Resources, Standard Chartered Bank with a keynote speech from Keith Hill, President & Chief Executive Officer & Director, […]
GPS CELEBRATES EXPANSION OF ITS WORLD CLASS AMSTERDAM STORAGE FACILITY AS PART OF ITS GLOBAL GROWTH PLAN
GPS Amsterdam, a leading international storage and logistics provider, has today opened its expanded world class storage and blending facility for gasoline, gasoline components and biofuels in the Port of Amsterdam, the world’s largest trading and blending hub for gasoline and gasoline components. The company has expanded its class 1 certified storage capacity from 148,500 […]
Private-equity backed terminal operator buys Aberdeenshire project manager
The firm which operates and maintains the St Fergus gas terminal in Aberdeenshire has bought an oil and gas project management company based in Newmachar. Energy infrastructure business px Group is the new owner of Camm-Pro, which was set up in 2016 and has supported clients like Hess Denmark and Ancala Midstream. According to Companies […]
Harry Gandhi of Unique Group on his entrepreneurial journey
This week’s Entrepreneurial Edge is in Dubai for the story of Unique Group’s CEO, Harry Gandhi: “The man who lost his job and decided to set up a company with 10,000 pounds and three people. It was a journey of nerve and steel with an odd helping of humble pie.” Watch the full story here: https://www.youtube.com/watch?time_continue=28&v=1dCckq29cVs Source: cnbcafrica.com