News - HitecVision

02.02.2012

Core energy rewarded Newcomer of the year 2011

On 1 February Core Energy was awarded Newcomer of the Year by Rystad Energy at the Gullkronen award seremony in Oslo.

18.01.2012

Spring Energy has been awarded 8 licenses

The operated license is located in the Norwegian Sea.

17.01.2012

Ross Offshore has been awarded a significant contract

Ross Offshore AS today announces Contract Award for Tolat Well Management Services with Statoil.

09.01.2012

Grenland Group has acquired 51% of the shares in Erbus AS

Erbus will provide Grenland Group with encreased competence and execution capabilities of complex offshore installations

14.12.2011

Stream makes strategic add-on acquisition

HitecVision are pleased to announce that Stream has acquired 100% of the shares in Drammen Elektro Automasjon AS.

09.12.2011

HitecVision invests in Merrick Systems, Inc

HitecVision is pleased to announce an investment in Merrick Systems, Inc., a privately held technology company headquartered in Houston, Texas, USA.

07.12.2011

Spring Energy - Oil Discovery in PL 405

Spring Energy announces an oil discovery in the 8/10-4S well on the Butch prospect in PL 405, located about 15 km East of the Ula and Gyda Fields in the Southern North Sea.

30.11.2011

HitecVision announces new USD 1.5 billion fund

HitecVision completes fundraising and reaches hard cap of USD 1.5 billion in less than four months

17.11.2011

Reef Subsea increases vessel capacity

We are pleased to announce that Reef Subsea AS has signed two five-year charter agreements for two newly-built subsea construction vessels.

15.11.2011

Reef Subsea acquires Rotech Subsea

Reef Subsea AS announced today that it has acquired the subsea division of Rotech Ltd, a group of companies headquartered in Aberdeen, Scotland. With this acquisition, Reef Subsea creates a world leader in seabed dredging and mass flow excavation services with offices in the main subsea markets of the North Sea, Americas and Asia-Pacific.

18.10.2011

Spring Energy: New oil discovery

Faroe Petroleum, an AIM-listed independent oil and gas company, has today announced a discovery in the “Butch” exploration well on the Norwegian Continental Shelf. Spring Energy holds a 15% ownership in this licence. Please find a copy of the news release from Faroe Petroleum below.

Spring Energy will announce details of the discovery once they have made their own assessment of the discovery.

17.10.2011

Reef Subsea extends its range of activities via Reef Subsea Power & Umbilical Ltd

Reef Subsea AS announced today that its new UK subsidiary, Reef Subsea Power & Umbilical Ltd. - based in North East England - is able to provide subsea installation and trenching services to its clients in both the Offshore Oil & Gas and Renewables markets. The company has just announced an order for a new Jet Trencher ROV that will be available in the summer of 2012.

10.08.2011

Competence certificates for Ocean Installer

Recently established subsea construction contractor Ocean Installer has been awarded a Certificate of Compliance from Achilles

04.08.2011

Axon acquires Fluid Design Solutions

Axon Energy Products has today announced the merger of Fluid Design Solutions Inc. (FDS) and Fluid Technical Services Inc. (FTS) with its subsidiary Axon Drilling Products, Inc (ADP).

01.08.2011

Inge Hansen new Chairman of Core Energy

The oil company Core Energy announces the appointment of Inge Hansen as new Chairman of the Board of Directors.

Hansen, age 65, has a broad and relevant background from Norwegian financial market and the industry. He as previously held the position of CFO and acting CEO of Statoil and CEO of Aker Kværner and currently holds several significant board positions, including being the Chairman of the board in Gjensidige and Director of the board of Norsk Hydro.

25.07.2011

Tampnet acquires North Sea Communications from TeliaSonera.

We are pleased to announce that Tampnet has signed an agreement to acquire North Sea Communications AS, a subsidiary of TeliaSonera. NCS operates a broadband communication system in the southern part of the North Sea, complementing Tampnet`s network in the central and northern parts.

15.07.2011

Ross Offshore and Odfjell Well Management to merge

Ross Offshore and Odfjell Well Management to merge and become a leading supplier of subsurface, drilling and well services.

21.06.2011

Troms Offshore Supply announces appointment of new CEO

We are pleased to announce the appointment of Mårten Lunde (54) as new CEO of HVAS portfolio company Troms Offshore Supply AS.

06.06.2011

Core Energy prequalified as licensee on the NCS

Friday 3rd of June 2011, Core Energy received notification from the Norwegian Ministry of Petroleum and Energy that the company has been prequalified as a licensee in Norway

27.05.2011

Spring Energy concludes another transaction

In its continuous portfolio development, Spring has concluded another transaction

25.05.2011

Core Energy acquires Noreco's interests in Brage and Hyme

We are pleased to announce that Core Energy AS has entered into an agreement with the Norwegian Energy Company ASA (Noreco) to acquire its interest in the Norwegian oil fields Brage and Hyme.

24.05.2011

Apply awarded major contract from Statoil

Apply Sørco has been awarded the contract on Statoil's Gullfaks C platform for topside modifications regarding replacement of production pipelines for the Tordis field.

24.05.2011

Grenland Group enters agreement with Korean Samsung Heavy Industries Ltd.

Korean Samsung Heavy Industries Ltd. has entered into an agreement with Grenland Group for delivery of detailed engineering and fabrication services for the topside on Statoil’s wellhead platform Valemon.

19.04.2011

HitecVision Asset Solutions closes investment in BassDrill Limited

HitecVision is pleased to announce the closing of a USD 40 million investment in BassDrill Limited (BassDrill), for a majority shareholding. HitecVision has committed a total of USD 100 million to the company to fund its expansion plans.

15.04.2011

Spring Energy awarded 2 licences in the 21th round

As announced by the Norwegian Ministry of Petroleum and Energy on 15 April 2011, Spring Energy has been awarded 2 licenses in the 21st licensing round, one in the Barents Sea and one in the Norwegian Sea.

15.04.2011

Apply Sørco acquires Altra Energy Ltd

Apply Sørco has entered into an agreement with Subea Technology Group (STG) to acquire Altra Energy Ltd.

14.04.2011

HVS Invest acquires all remaining shares in Grenland Group

We are pleased to announce that HVS Invest has resolved to carry out a compulsory acquisition of all outstanding shares in Grenland Group ASA (GGG).

11.04.2011

Core Energy announces first field interest acquisition

We are pleased to announce that Core Energy AS has entered into an agreement with Hess Norge AS to acquire a 4.9% interest in PL057, including a 1.04% share in the Snorre field in the North Sea.

05.04.2011

Reef Subsea divests Bluestone Offshore

Reef Subsea AS announced today that the company has signed an agreement to divest its Bluestone Offshore Pte Ltd business based in Singapore. Upon the Share Purchase Agreement signed on 4th April, Fugro will acquire 100% of the company.

16.03.2011

NEMO Engineering AS awarded contract from Statoil Petroleum

NEMO Engineering AS, the subsea unit in APPLY, has been awarded a contract with Statoil Petroleum AS for the delivery of two 12 inch Hot Tap Gooseneck Spools on the Åsgard Subsea Compression Project, with the purpose to ensure an extended lifetime and increased exploitation for the Åsgard field in the North Sea.

07.03.2011

Sale of Bennex and Poseidon to Siemens

HitecVision is pleased to announce that Subsea Technology Group AS (STG) has entered into an agreement to sell its subsidiaries Bennex AS and Poseidon Group AS to Siemens Oil and Gas.

03.03.2011

Reef Subsea awarded four-year contract from Technip

This frame agreement will allow Technocean AS, a subsidiary of Reef Subsea AS, to act as a partner to Technip Norway and other Technip Group companies for subsea services in the NCS (both Norway and UK) and Canada according to pre-agreed terms.

23.02.2011

Reef Subsea charters new-built subsea construction vessel

Technocean AS, a subsidiary of Reef Subsea AS, which has been recently awarded a multi-year frame agreement contract, has entered a three-year firm charter for the Polar King, a new-built subsea construction vessel.

17.02.2011

Grenland Group awarded FEED contract for Gullfaks B

Grenland Group has entered contract with Statoil for delivery of Front End Engineering and Design (FEED) in connection with upgrade of drilling facilities on Gullfaks B (GFB DU FEED).

08.02.2011

Axon acquires Mechserv Ltd

Axon Energy Products AS has today announced the acquisition of Mechserv Ltd., with operations in Arbroath, Scotland and Dubai, UAE. Mechserv is a specialist in the design, building and refurbishment of offshore well service equipment, and will join Axon’s Well Intervention Products division

28.01.2011

STG subsidiary Bennex divests aquaculture business unit

The Forres, Scotland based Aquaculture division of Bennex has been sold to two Norwegian companies and will form the first part of a new aquaculture technology group to be branded Mohn Aqua

28.01.2011

Stream acquires Ahlsell Oil and Gas AS

Stream AS (former part of Bjørge ASA) has signed an agreement to acquire Ahlsell Oil & Gas AS, a specialist supplier of pipes, valves and piping related products to the oil and gas industry.

24.01.2011

Align acquires Origo Engineering AS

Align AS has agreed to acquire Origo Engineering AS, a provider of control and safety systems.

19.01.2011

Spring Energy awarded 5 licences in the APA 2010 Round

As announced by the Norwegian Ministry of Petroleum and Energy on 18 January 2011, Spring Energy has been awarded 5 licenses in the APA 2010 Round, which includes 2 licenses where the Company is an operator for the first time

11.01.2011

Creating two new platforms from Bjørge ASA – Align and Stream

The previously announced demerger of Fund V portfolio company Bjørge ASA became effective from 5th January. The former Bjørge Group has been reorganized into three independent companies; Stream AS, Align AS and Naxys AS.

05.01.2011

Reef Subsea acquires Specialist Subsea Services Ltd

Reef Subsea announced today that it has acquired an 80% shareholding in S3, Specialist Subsea Services Ltd., based in Aberdeen, Scotland.

15.12.2010

HitecVision increases ownership and delists Bjørge

Bokn Invest AS, a company owned by HitecVision and Aker Capital, acquired about 76% of the shares in Oslo Stock Exchange-listed Bjørge ASA through a voluntary offer in November 2009. In a number of transactions since the 8th November 2010, Bokn Invest has acquired all of the shares in Bjørge that it did not already own.

15.12.2010

HitecVision increases ownership and delists Bjørge

Bokn Invest AS, a company owned by HitecVision and Aker Capital, acquired about 76% of the shares in Oslo Stock Exchange-listed Bjørge ASA through a voluntary offer in November 2009. In a number of transactions since the 8th November 2010, Bokn Invest has acquired all of the shares in Bjørge that it did not already own.

26.11.2010

HitecVision invests in Core Energy

HitecVision, the leading oil and gas focused private equity investor, announced today an agreement to provide an equity line of USD 150 million to the independent oil and gas company Core Energy AS.

26.11.2010

HitecVision invests in Core Energy

HitecVision, the leading oil and gas focused private equity investor, announced today an agreement to provide an equity line of USD 150 million to the independent oil and gas company Core Energy AS.

22.11.2010

Hitec Products Drilling changes name to Axon Norway AS

Hitec Products Drilling AS changes name to Axon Norway AS

22.11.2010

Hitec Products Drilling changes name to Axon Norway AS

Hitec Products Drilling AS changes name to Axon Norway AS

05.11.2010

HitecVision increases holding in Grenland Group

HitecVision has today signed an agreement to acquire all the shares in HVS Invest held by Skogen Invest AS. HVS Invest has a 75.5% shareholding in Grenland Group (Oslo Stock Exchange: GGG), and HitecVision will, following the closing of this transaction, be the sole shareholder in HVS Invest.

05.11.2010

New contract to Apply Leirvik

Apply Leirvik today announced the award of an EPC contract from Statoil for delivery of a Living Quarter and Helideck to the new Gudrun Platform.

05.11.2010

HitecVision increases holding in Grenland Group

HitecVision has today signed an agreement to acquire all the shares in HVS Invest held by Skogen Invest AS. HVS Invest has a 75.5% shareholding in Grenland Group (Oslo Stock Exchange: GGG), and HitecVision will, following the closing of this transaction, be the sole shareholder in HVS Invest.

05.10.2010

New contract to Apply Leirvik

Apply Leirvik today announced the award of an EPC contract from Statoil for delivery of a Living Quarter and Helideck to the new Gudrun Platform.

01.10.2010

Technor announces sale of Technor Safe Ex

HitecVision is pleased to announce the sale of Technor Safe Ex AS to BARTEC, the leading industrial technology safety company. HitecVision has over the past four years consolidated Safe Ex's position in the Norwegian market and is now handing over a company poised for growth in Norway and internationally.

01.10.2010

Technor announces sale of Technor Safe Ex

HitecVision is pleased to announce the sale of Technor Safe Ex AS to BARTEC, the leading industrial technology safety company. HitecVision has over the past four years consolidated Safe Ex's position in the Norwegian market and is now handing over a company poised for growth in Norway and internationally.

20.09.2010

HitecVision is pleased to announce the sale of Technor Safe Ex AS to BARTEC, the leading industrial technology safety company. HitecVision has over the past four years consolidated Safe Ex's position in the Norwegian market and is now handing over a compa

Bjørge ASA has today announced that it will reorganize into two independent companies, with its process, fire and safety solutions divisions demerged into a separate company.

20.09.2010

Bjørge to demerge into two oil and gas service companies

Bjørge ASA has today announced that it will reorganize into two independent companies, with its process, fire and safety solutions divisions demerged into a separate company.

08.09.2010

Spring Energy announces major asset package sale

Spring Energy has today announced the sale of 15% in PL 378 (containing the Grosbeak discovery), 20% in PL 375 (containing the Beta discovery) and 20% in PL 551 to Talisman Energy Norge AS for an amount between USD 114.5 million and USD 129.5 million pending certain near term milestones.

08.09.2010

Spring Energy announces major asset package sale

Spring Energy has today announced the sale of 15% in PL 378 (containing the Grosbeak discovery), 20% in PL 375 (containing the Beta discovery) and 20% in PL 551 to Talisman Energy Norge AS for an amount between USD 114.5 million and USD 129.5 million pending certain near term milestones.

24.08.2010

AT Group announced at ONS

AT Group (ATG) created from four Energy & Industry supplier Groups.

24.08.2010

AT Group announced at ONS

AT Group (ATG) created from four Energy & Industry supplier Groups.

22.07.2010

Spring Energy: Discovery on Maria prospect

Spring Energy announces further exploration success in the recently completed exploration well (6406/3-8T2) on the Maria prospect in PL 475BS, 15 km East of the Åsgard Field and 5 km Northeast of the Trestakk discovery.

22.07.2010

Spring Energy: Discovery on Maria prospect

Spring Energy announces further exploration success in the recently completed exploration well (6406/3-8T2) on the Maria prospect in PL 475BS, 15 km East of the Åsgard Field and 5 km Northeast of the Trestakk discovery.

06.07.2010

HitecVision aquires Tampnet from Statoil

Statoil and HitecVision have signed an agreement under which HitecVision will acquire Statoil’s subsidiary Tampnet AS.

06.07.2010

HitecVision acquires Tampnet from Statoil

Statoil and HitecVision have signed an agreement under which HitecVision will acquire Statoil’s subsidiary Tampnet AS.

02.07.2010

Reef Subsea names Mark Preece as new CEO

Reef Subsea has appointed Mark Preece as Chief Executive Officer with effect from 1 July 2010.

02.07.2010

Reef Subsea names Mark Preece as new CEO

Reef Subsea has appointed Mark Preece as Chief Executive Officer with effect from 1 July 2010.

01.07.2010

Altra is awarded $1.5m UK contracts

Aberdeen-based Altra Energy, a company in the STG Group, has been awarded brownfield contracts worth a total of £1 million ($1.5 million) in the UK North Sea.

30.06.2010

Apply Sørco wins frame agreement for Kvitebjørn and Brage

Apply Sørco has received a letter of intent from Statoil for the Maintenance & Modification frame agreement for the Kvitebjørn and Brage platforms in the North Sea.

24.06.2010

Apply Capnor and Grenland AsIs Global merge

Apply Capnor has today agreed with Grenland Group to buy Grenland AsIs Global (ASIS). Apply Capnor and ASIS are frontrunners within the laserscanning technology and they are today the leading independant suppliers for this segment in Norway.

22.06.2010

Spring Energy increases exploration loan facility

Spring Energy has successfully amended its exploration loan facility with its banking group that comprises Merchant Banking, Skandinaviska Enskilda Banken AB, DnB NOR and BNP Paribas.

22.06.2010

Comeback for Apply Leirvik Emtunga in South-East Asia

Apply Leirvik Emtunga AB has been awarded a contract for the Engineering, Procurement, Construction and Commissioning of a replacement Living Quarter by Brunei Shell Petroleum Sendirian Berhad.

14.06.2010

Spring Energy optimizes portfolio

Spring Energy has agreed to sell its 10 % working interest in the PL 341 license to GDF SUEZ E&P Norge AS.

11.06.2010

Grenland Group ASA has been awarded a contract from Statoil

Grenland Group has been awarded a contract from Statoil for modification of the
Water Injection Plant on the Gullfaks B platform. The water Injection plant is
pumping sea water into the oil reservoir, for maintenance of the well pressure
and production capacity.

11.06.2010

Bjørge to acquire Sontum Fire and Safety AS

Bjørge FPE AS, a subsidiary of Bjørge ASA, have today signed an agreement with the owner of Sontum Fire & Safety AS, Valco Group AS, for the acquisition of Sontum Fire & Safety AS.

12.05.2010

Apply Leirvik's Living Quarters installed on Troll A platform

On the 7th May, a new living quarters module was successfully installed on Statoil's Troll A platform. The living quarters were built by Apply Leirvik.

05.05.2010

Spring Energy continues to build value through the acquisition of assets from Wintershall

As part of its strategy of building a balanced portfolio of assets on the Norwegian Continental Shelf, Spring Energy has agreed to acquire assets from Wintershall Norge ASA (WINO).

11.03.2010

Apply Steelcad AS solgt til Havyard

Apply Group har gjennom sitt datterselskap Apply Sørco AS solgt Apply Steelcad AS til Havyard Design AS, et selskap i Havyard Group. Apply Steelcad AS er et selskap med 27 ansatte i Norge og eierandeler i engineeringselskaper i Polen og Kroatia.

10.03.2010

Axon Energy Products closes two acquisitions, establishes Pressure Products Group

Axon Energy Products have closed two acquisitions in the Houston area in recent weeks. With Church Energy Services, Axon has added a product line in blowout preventers which complements the product lines of Drilling Controls Inc., resulting in the formation of Axon Pressure Products Inc. (APP). The acquisition of the assets of the pump manufacturer Demay International adds both a new product line and a modern facility well suited for manufacturing oilfield equipment.

23.02.2010

Apply Steelcad AS sold to Havyard

Apply Group, through its subsidiary Apply Sørco AS, has sold Apply Steelcad AS to Havyard Design AS, a company in the Havyard Group. Apply Steelcad AS has 27 employees in Norway and shareholdings in engineering companies in Poland and Croatia.

01.02.2010

HitecVision closes investment in Reef Subsea

HitecVision and GC Rieber Shipping ASA have established the jointly owned company Reef Subsea AS, in accordance with the joint announcement on the 22nd October 2009. Reef Subsea has received a NOK 195 million investment from its owners. In addition, GC Rieber Shipping have transferred its existing investments in the geotechnical company Bluestone Offshore Pte Ltd and the subsea services company Technocean AS, (including its subsidiary Scan Mudring).

01.02.2010

Spring Energy awarded NCS Business Developer of the Year 2009

On 28 January Spring Energy was awarded the Norwegian Continental Shelf Business Developer of the Year by Rystad Energy at the Gullkronen award seremony in Oslo

20.01.2010

Spring Energy: Successful award in APA 2009

As announced by the Norwegian Ministry of Petroleum and Energy on 19 January 2010, Spring Energy has been awarded 4 licenses in the APA 2009. One of the awarded licenses has a firm well commitment.
Following this, Spring Energy now holds a total of 24 licenses on the NCS.
For more information abouth the award, follow this link to NPD.

11.01.2010

Spring Energy: Further exploration success

Spring Energy announces further exploration success in the Company's third exploration well recently completed on the Beta prospect in PL 375 (34/4-11), located 15 km Northwest of the Snorre Field.

08.12.2009

HitecVision closes investment in Grenland Group

On the 8th of December 2009, HVS Invest AS, which is jointly owned by HitecVision and Skogen Investering AS, completed its voluntary offer for the acquisition of shares in Grenland Group ASA (Oslo Stock Exchange - GGG). HVS Invest now controls 75,2% of the outstanding shares of the company.

18.11.2009

Spring Energy: Step change through acquisition of first producing asset and attractive exploration and appraisal portfolio

Spring Energy and Wintershall Norge ASA have agreed to a transaction

10.11.2009

HitecVision closes investment in Bjørge

HitecVision and Aker Capital Fund acquires control over Bjørge ASA by completing the voluntary offer, and announces that it will make a mandatory offer and elect a new board of directors

22.10.2009

HitecVision and GC Rieber Shipping agree to form new subsea services company

GC Rieber Shipping and HitecVision have today entered into a 50/50 joint venture agreement in order to create a new subsea services company. The basis for the joint venture is GC Rieber Shipping’s investments in the geotechnical company Bluestone Offshore Pte Ltd and the subsea services company Technocean AS, including its subsidiary Scan Mudring.

14.10.2009

Nemo Engineering breaks surface “down-under”

Nemo Engineering of Norway has established an immediate presence in the burgeoning
subsea oil and gas market in Australia with its purchase of local specialised services
provider Land & Marine Technology Systems (LMTS) based in Perth, Western Australia

12.10.2009

HitecVision and Skogen Investering announce bid for Grenland Group

Skogen Investering and HitecVision together want to strengthen and further develop the oil service company Grenland Group ASA (“GGG”) through a joint ownership company, HVS Invest AS, which aims to acquire 100 per cent of the shares in Grenland Group

28.09.2009

HitecVision, Aker Capital and Camar announce bid for Bjørge

Stavanger/Oslo, 28th September 2009:

HitecVision, Aker Capital Fund and Camar together want to strengthen and further develop the technology company Bjørge ASA. This will take place in the form of a joint ownership company, Bokn Invest AS, which aims to take over 100 per cent of the shares in Bjørge. Bokn Invest is today announcing a voluntary cash offer to the shareholders in Bjørge to buy all shares in the company for NOK 11 per share.

26.08.2009

Spring Energy: Successful Bream delineation wells

Drilling of delineation well 17/12-4 and two horizontal sidetracks; 4A and 4B on the Bream oil discovery have been successfully completed.

14.08.2009

Disposal of Technor ISIS

Technor Group has, as a part of a long term strategic plan, sold its subsidiary Technor ISIS Ltd.

09.07.2009

Spring Energy: Oil and gas discoveries in first exploration well on PL 378

Drilling of Spring Energy's first exploration well (35/12-2) on the Grosbeak prospect in PL 378, 25 km north of the Troll field in the North Sea, has been completed.

19.06.2009

Spring Energy: Appraisal well started on PL 407

Drilling of the Bream appraisal well in PL 407, 50 km Northwest of the Yme Field in the North Sea has started. Dependent upon the results of the vertical wellbore, a horizontal sidetrack could be drilled and a DST performed.

03.06.2009

Spring Energy: First exploration well commenced on PL 378

Drilling of the Grosbeak exploration well in PL 378, 25 km North of the Troll field in the North Sea has started. The Grosbeak prospect is situated in a prolific hydrocarbon province, and a total of 11 prospects have been identified within PL 378.

28.05.2009

New CFO in STG

Jens Kristian Rein has been employed as new Chief Financial Officer/CFO in STG AS as per 7th of August 2009. He takes the position in a team together with Atle Strømme/CEO and Ingvar Malde/Group Controller.

19.05.2009

Spring Energy pre-qualified as operator

The Ministry of Petroleum and Energy (MPE) has pre-qualified Spring Energy as an operator on the Norwegian Continental Shelf (NCS).

07.05.2009

Divestment of remaining shares in Noreco

On May 7th 2009, the Fund’s remaining shareholding in Norwegian Energy company ASA (Noreco) was divested through a market placement, bringing total proceeds from the Fund’s Noreco investment to about NOK 360 million. The exit is in line with Hitecvision’s ownership plan and within the original fund term.

04.05.2009