Proserv Acquires Nautronix
Proserv Group LLC, an energy services company, has acquired Nautronix, a supplier of subsea digital acoustic communication products and positioning services to the oil and gas industry, based in Aberdeen. Proserv is a portfolio company of Riverstone Holdings LLC, an energy-focused private equity firm based in New York. Employing 120 people, Nautronix is headquartered in Aberdeen where the main research and development, and manufacturing facilities are located. The company is internationally recognized for its through-water digital acoustic wireless communications and positioning systems
Proserv Acquired by Riverstone
Energy services company Proserv has reinforced its ambitious growth plans after announcing it has signed a definitive agreement to be acquired by major US private equity investor Riverstone Holdings LLC. Proserv will continue to operate as an independent company under the deal announced today to which Riverstone Global Energy and Power Fund V, L.P., in partnership with Proserv management, has agreed to acquire 100% of the shares of Proserv from Intervale Capital (“Intervale”), Weatherford International (“Weatherford”) and certain minority shareholders. David Lamont
SBM Offshore Announces Thunder Hawk Tiebacks
7 miles from the Thunder Hawk platform in 6,580 feet of water in Mississippi Canyon Block 782. Noble Energy operates Dantzler with a 45% working interest. Additional interest owners are entities managed by Ridgewood Energy Corporation (including ILX Holdings II LLC, a portfolio company of Riverstone Holdings, LLC) with 35% and W&T Energy VI with 20%. Big Bend and Dantzler will be developed via a dual pipe-in-pipe loop system. The Thunder Hawk DeepDraft(TM) Semi, installed in July 2009, was developed as a Steel Catenary Riser (SCR) friendly floater solution. The deck and
February 2024
