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
NORISOL NORGE AS Logo

NORISOL NORGE AS

Norisol er en av Norges ledende bedrifter innen ISO fagene Isolering, Stillas og Overflatebehandling. Norisol er et Nordisk konsern og har kontorer i Danmark og Sverige i tillegg til Aberdeen. I Norge har vi kontorer i Stavanger, Porsgrunn, Drammen, Fredrikstad, Kristiandsand, Bergen og Stord.

Se profil | offshorex.no
Pon Power Scandinavia Logo

Pon Power Scandinavia

Pon Power is the distributor of Cat and MaK engines and generators in Scandinavia. Product spectrum, ranging from 6.4 to 16,200 kW, which are mainly used as propulsion and auxiliary engines, primary power or emergency power, firefighting pumps and cranes for offshore installations. We offer worldwide 24-hour service and rapid delivery of spare parts. ISO 9001, ISO14001 and Achilles certified.

Se profil | offshorex.no
GDF SUEZ E&P NORGE AS Logo

GDF SUEZ E&P NORGE AS

Vår organisasjon består av åtte avdelinger: Helse, Miljø, Sikkerhet og Kvalitet Personal og organisasjon Kommunikasjon Økonomi og administrasjon Gass og salg Ressurser Leting Drift

Se profil | offshorex.no
BD Oil & Gas Logo

BD Oil & Gas

BD Oil & Gas, a division of Brødrene Dahl, is a Norwegian stockist specializing in the supply of Piping and Valve products to the Oil & Gas industry.BD Oil & Gas provides products via our global network of manufacturers and supplier.We offer quality products, technical solutions, efficient customer services and a state of the art logistics and distribution system through our 54 locations in Norway

Se profil | offshorex.no
RENTAL TECHNOLOGY & SERVICES AS Logo

RENTAL TECHNOLOGY & SERVICES AS

RTS er leverandør av teknologi og utstyr som brukes i forbindelse med feltutbyggninger, kartlegging og inspeksjon. RTS utvikler produkter som brukes av de fleste aktører som driver med med konstruksjon og Subsea både i Norge og internasjonalt.

Se profil | offshorex.no
SCANMATIC AS Logo

SCANMATIC AS

Scanmatic is a technology company utilising cutting edge multidisciplinary engineering competence within sensor technology and data acquisition to design and supply tailor made instrumentation, monitoring & control and communications applications specialised for Oil & Gas as well as marine environment.

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