Offshore logo
Saudi Aramco Energy raise funds for Europe
Posted 07.08.2012 08:52:59 av John Bradbury
Vis RSS feed
Send nyhet til en venn
Saudi Aramco Energy Ventures and Energy Capital Management sign venture capital collaboration.

Saudi Aramco Energy Ventures LLC (“SAEV”) and Energy Capital Management (“ECM”) AS have signed an agreement for ECM to support SAEV’s corporate venturing activities in the upstream oil and gas sector in Europe.

Under the terms of this agreement, early stage technology companies will be targeted which have products and services applicable to SAEV parent Saudi Aramco’s operations and which have the potential to provide attractive returns on investment.   SAEV and ECM will collaborate on developing SAEV’s presence in the European market, identifying and evaluating strategically relevant investment opportunities, and supporting SAEV’s European portfolio.

Ibrahim Al-Buainain, CEO of SAEV, said: “We are delighted to enter into this agreement with ECM.  It brings a highly respected team with established networks in the Europe oil & gas venture capital sector, a presence in key innovation centers in Europe, and a strong track record in oil & gas technology investing.  We are confident this collaboration will help us to identify high-potential venture companies for investment by SAEV, and to provide added value to our portfolio.”

Hans Middelthon, a Partner in ECM, said: “The decision by Saudi Aramco to create a new corporate venture capital program is very exciting.   This collaboration is the perfect platform for ECM to continue to build on its strong venture capital track record and it provides a unique opportunity for young European oil and gas technology companies to interact with the world’s largest integrated energy company. “

Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of Saudi Arabian Oil Company (Saudi Aramco).

Energy Capital Management (“ECM”) is a European venture capital firm specialized in the oil & gas sector.
Advertisement
Latest news

Asset integrity expertise bought

British-based engineering expertise has been bought up by Norway's Aker Solutions to boost its integrity analysis for oil and gas assets.

[Les mer ] Company news

Sound signals big Italian gas

London-listed Sound Oil has logged a big new gas find in Italy.

[Les mer ] Exploration

Aker anchors new accommodation unit

A new offshore accommodation unit under construction in China is to be fitted with a mooring system supplied from Norway.

[Les mer ] Contracts

Big gas at Bianchi 1

Austria's OMV has reported a major new gas find while drilling offshore Australia following on from its earlier Zola discovery.

[Les mer ] Exploration

New drilling near Johan Castberg

Swedish explorer Lundin Petroleum has kicked off a new exploration well in the Norwegian sector of the Barents Sea.

[Les mer ] Exploration

Irish data acquisition underway

Seismic data acquisition has kicked off on a newly allocated Irish Frontier Exploration Licence.

[Les mer ] Exploration

Profilerte stillingerAlle stillinger »
Profilerte selskapFra OffshoreX.no
Sandaband Well Plugging AS Logo

Sandaband Well Plugging AS

Sandaband is a unique non-consolidating, non-segregating, non-shrinking and non-fracturing well plugging material. The combination of individual high-strength quartz particles with bingham-plastic properties makes Sandaband an ideal well barrier, suitable for any downhole conditions. Main Applications: Permanent P&A, Temporary P&A, Lost Circulation Material, Sustained Casing Pressure

Se profil | offshorex.no
OFFSHOREX AS Logo

OFFSHOREX AS

OffshoreX AS har som mål å strukturere nasjonale aktører innenfor olje og gass inn i et nettverk som arbeider mer effektivt og gir bedre løsninger for både kjøpende og tilbydende selskaper. Vi har inngått samarbeid med offshore.no, nordens største nyhetsside for Olje og Gass bransjen. OffshoreX nettverket er integrert i offshore.no, noe som sikrer våre medlemmer god synlighet.

Se profil | offshorex.no
WellCem AS Logo

WellCem AS

WellCem is a Company providing Well Therapy solutions to the oil and gas industry. The Company has developed and patented a multi component resin based polymer with qualities far superior to cement. Head office in Tananger Norway Established operation and opened up office and warehouse in Saudi Arabia in 2011. APPLICATIONS Total Loss Circulation, Casing & Tubing leak repair, Plug for P&A

Se profil | offshorex.no
Exploration Options AS Logo

Exploration Options AS

Exploration Options provides consultancy and staff recruitment services to the upstream oil and gas industry. We source and deliver Professionals of the highest calibre, in Management, Advisory & Technical areas. Our Focus areas are: Exploration & Subsurface Evaluation, Portfolio Management and Resource Assessment.

Se profil | offshorex.no
OFFSHORE MEDIA GROUP AS Logo

OFFSHORE MEDIA GROUP AS

Nordens største nyhetsleverandør til olje- og gassbransjen.

Se profil | offshorex.no
MTC & Partnere AS Logo

MTC & Partnere AS

MTC & Partnere A/S beskæftiger sig mandskabs udlejning indenfor overflatebehandling, isolasjon og vedlikehold. MTC & P har gennem mere end 10 år beskæftiget sig både on og offshore med overfladetehandling og isolasjon og har derfor en stor medarbejder stab der besidder mange års erfaring og udd. inden for disse områder. For MTC & P er værdi grundlaget Kvalitet/Sikkerhet/Tillid/Fleksibillitet..

Se profil | offshorex.no
Tips oss
Kontakt oss
Offshore.no AS
Annonsere
Ansvarlige
Sjefsredaktør: Erlend Keilen
OPPHAVSRETT
Alt innhold er opphavsrettslig beskyttet.
Copyright Offshore.no AS