HitecVision AS
About
HitecVision is Europe’s leading private equity investor focused on the upstream offshore oil and gas industry. HitecVision is headquartered in Stavanger, the center of the Norwegian oil and gas industry. Since 1994, the firm has invested in, acquired or established more than 150 companies (including add-on acquisitions).
HitecVision provides capital and competence to growth companies in the oil and gas sector in Europe and North America. The firm invests across the entire upstream oil and gas sector, including all segments of the oilfield services and technology sector as well as exploration and production companies.
The investment team’s extensive operational and investment experience from the oil and gas industry enables HitecVision to create value by partnering with entrepreneurial managers to build profitable and sustainable companies.
Headquarters Address
Jåttåvågveien 7, Building A,
4068 Stavanger
Norway
Website
www.hitecvision.comMain Phone Number
Transactions
DNO Completes $450MM Acquisition of Sval Energi
DNO Completes $450MM Acquisition of Sval Energi
HitecVision Expands North Sea Portfolio Further with $625 Million Acquisition
HitecVision Expands North Sea Portfolio Further with $625 Million Acquisition
Exxon Mobil Sells UK North Sea Assets in Deal Worth over $1 Billion
Exxon Mobil Sells UK North Sea Assets in Deal Worth over $1 Billion
Exxon Mobil To Sell Norway Upstream Operations To Vår Energi For $4.5 Billion
Exxon Mobil To Sell Norway Upstream Operations To Vår Energi For $4.5 Billion
Total To Divest UK North Sea Oil Fields In $635 Million Sale
Total To Divest UK North Sea Oil Fields In $635 Million Sale
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News
DNO Completes $450MM Acquisition of Sval Energi
Norweigian operator DNO says its deal to acquire Sval Energi quadruples its North Sea output.
Energy Transition in Motion (Week of May 16, 2025)
Here is a look at some of this week’s renewable energy news, including a solar power deal signed between Google and energyRe and rogue communication devices hidden in renewable energy infrastructure.
DNO to Buy Sval Energi for $450MM, Quadruple North Sea Output
Norwegian oil and gas producer DNO ASA will acquire Sval Energi Group AS’ shares from private equity firm HitecVision.
Energy Transition in Motion (Week of Sept. 6, 2024)
Here is a look at some of this week’s renewable energy news, including $7.3 billion in clean energy funding for rural Americans.
Eni, HitecVision Sell 5% in Norwegian Oil Firm Vaar for $530 Million
Italian oil and gas company Eni and Norwegian investment firm HitecVision sold a collective 5% stake in Vaar Energi, a Norwegian oil firm, for 40.2 Norwegian crowns per share.
Italy’s Eni Makes Oil Discovery Offshore Norway
The latest preliminary estimates from exploratory wells showed volumes between 60 million and 135 million barrels of recoverable oil equivalents, Vaar said in a statement.
Equinor, Partners Make Discovery at Garantiana West Prospect in North Sea
Recoverable resources are between an estimated 8 and 23 million barrels of oil equivalent, Equinor and partners say.
Eni, Partners Hit Oil in Barents Sea near Johan Castberg Field
The company placed recoverable oil resources at between an estimated 31 to 50 million barrels.
HitecVision Expands North Sea Portfolio Further with $625 Million Acquisition
Private-equity firm Kerogen Capital has sold Zennor Petroleum to HitecVision and its British unit NEO Energy for about $625 million.
Exxon Mobil Sells UK North Sea Assets in Deal Worth over $1 Billion
The sale of U.K. North Sea upstream assets on Feb. 24 helps the U.S. oil major free up capital for projects elsewhere, says Exxon Mobil Vice President Neil Chapman.
HitecVision in Exclusive Talks to Buy Exxon Mobil’s UK North Sea Assets
Bids for Exxon Mobil's British North Sea oil and gas fields, which were expected to fetch about $1 billion, were due on Oct. 28, sources say.
Eni, Hitecvision Form Nordic Renewable Energy Venture
Norwegian private equity group HitecVision and Italy’s Eni have formed a joint venture to develop renewable energy in the Nordic region, building on their existing cooperation in oil, they said on Nov. 11.
Eni, HitecVision-backed Var Seeks $1 Billion for Production Vessel
Norwegian oil and gas producer Var Energi, backed by Eni and private equity firm HitecVision, is seeking around $1 billion for its Jotun production ship, a source with direct knowledge of the matter told Reuters on July 27.
Norway’s Solveig Buys Oilfield Operator Capricorn From Cairn For $100 Million
Norwegian pipeline firm Solveig Gas has agreed to buy oil firm Capricorn Norge from Cairn Energy for $100 million, completing its transformation into a North Sea field operator, Solveig's owner HitecVision said on Nov. 27.
North Sea Oil Producer Siccar Point Attracts Bids Of Up To $2 Billion
Bids for North Sea oil and gas firm Siccar Point, backed by private equity groups Blackstone and Blue Water Energy, came in at between $1.2 billion and just under $2 billion, according to three industry sources on Nov. 22.