Riverstone Holdings LLC,
New York, has completed its acquisition of Seajacks International for a total cash consideration of $207 million.
Seajacks owns and operates two self-propelled jack up vessels out of Great Yarmouth, UK: the Seajacks Kraken and Seajacks Leviathan. Both vessels are purpose-built for installing offshore wind turbines, as well as being able to perform a number of niche operations for the North Sea oil and gas industry. Riverstone plans to devote a lot of new capital to expand the Seajacks fleet into a leading European offshore wind service business, with an operational base in the UK, as well as continue to provide focused support services to the North Sea oil and gas industry.
Riverstone is an energy- and power-focused private equity firm founded in 2000. It conducts buyout and growth capital investments in the midstream, exploration and production, oil field services, power, and renewable energy sectors.
Seismic Micro Technology (SMT),
Houston, has appointed TengBeng Koid president, international, to oversee its sales and operations in Asia, Europe, Middle East, Australia, and Africa. The appointment follows the recent opening of SMT's fifth regional office, in Abu Dhabi. Previously, Koid was executive vice-president and COO for global business development at ION Geophysical from 2004. Prior to ION, he worked for Halliburton's Landmark division, where he oversaw expansion into the Asia-Pacific market from 1996 to 2000 as vice-president and general manager, in addition to other roles at both Halliburton and Landmark during 2000-04. Before Landmark, Koid was employed at IBM as a senior manager specializing in the oil and gas business.
SMT provides geoscience software to the oil and gas industry.
Aker Solutions,
Oslo, has entered into a contract with the construction company HENT to build a new combined office and hotel building at the K2 site at Fornebu, Norway. The building is planned with a total area of about 46,000 sq m, including underground and parking areas, of which 12,000 sq m is for the hotel. The building is planned to be completed in the first quarter of 2012, and Aker Solutions will be the tenant for the office building. The office building is an expansion to the existing headquarters to cover capacity needs from 2012.
The contracting party is Fornebu Gate 2 AS, which will be owned 93% by Aker Solutions and 7% by Arthur Buchardt Invest AS.
Aker Solutions is a unit of Aker Solutions ASA, a leading global provider of engineering and construction services, technology products, and integrated solutions to the oil and gas, refining and chemicals, mining and metals, and power generation industries.
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