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
AKER SOLUTIONS AS Logo

AKER SOLUTIONS AS

Aker Solutions ASA is a leading global oil services company that provides engineering and construction services, technologies, product solutions and field-life solutions for the oil and gas industry.

Se profil | offshorex.no
BERGEN GROUP SERVICES AS Logo

BERGEN GROUP SERVICES AS

Bergen Group Services is a strong services partner with multidisciplinary experience, competence and knowledge. The facilities are in central Bergen, our services are also provided on site. We carry out most offshore and vessel maintenance, repairs, modifications and overhaul. In addition we do diesel engines with our own engine test centre, including other rotating machinery. We also design, prefabricate and install steel and piping structures, machining and welding.

Se profil | offshorex.no
GLAVA AS Logo

GLAVA AS

Glava AS er et norsk privateid industriselskap med hovedkontor i Askim, produksjonsanlegg i Askim, Stjørdal og Spydeberg. Salg, markedsføring og kundeservice er organisert sentralt i Oslo og med lokale representanter i hele landet.

Se profil | offshorex.no
STATOIL ASA Logo

STATOIL ASA

Statoil er et internasjonalt energiselskap med virksomhet i 34 land. Statoil anvender teknologi og nyskapende forretningsløsninger for å møte verdens energibehov på en ansvarlig måte.

Se profil | offshorex.no
ADECCO HELSE AS Logo

ADECCO HELSE AS

Adecco er Norges største selskap innen bemanning og rekruttering til faste stillinger

Se profil | offshorex.no
ACHILLES AS Logo

ACHILLES AS

Achilles kjernekompetanse er å identifisere, kvalifisere, valuere og overvåke leverandører og underleverandører på vegne av våre oppdragsgivere verden over.

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