The oil and gas transportation industry in the Nordics plays a pivotal role in the region's energy supply chain. This sector includes companies that operate pipelines, shipping services, and logistics providers focused on efficient delivery methods for fossil fuels. With a growing emphasis on transitioning to sustainable energy, many industry players are incorporating innovative solutions such as liquefied natural gas (LNG) transport and carbon capture systems. The Nordic countries also invest in advanced technology to improve transportation safety and minimize environmental impacts, making this industry crucial as it navigates evolving energy dynamics and regulatory frameworks.


The list features a mix of investors within the oil and gas transportation sector, ranging from private equity firms to corporate entities. Headquartered across key Nordic locations like Stavanger, Stockholm, and Oslo, these investors, established between 1834 and 2008, vary in size from a handful of employees to over 5,000. They have significantly engaged in the sector, with notable 2024 deal counts, showcasing their commitment to growth opportunities within the industry. This mix indicates a healthy investment interest in oil and gas transportation and strategic positions among both established and emerging players.


Top 15 Oil and Gas Transportation Investors in the Nordics


1. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a private equity investment firm based in Stockholm, Sweden, founded in 1994. The firm specializes in a diverse range of investment strategies, including private equity, infrastructure, real estate, growth equity, and venture capital. EQT serves institutional investors by providing expertise in managing varied investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the oil and gas transportation sector, including the acquisition of Equitrans Midstream Corporation for approximately $5.5 billion, which enhances EQT's operational capabilities in natural gas transportation. Additionally, EQT's acquisition of Swedegas aims to strengthen the Swedish gas market, further emphasizing its commitment to the oil and gas transportation industry. Other relevant transactions include the acquisition of Contanda Terminals, which also aligns with oil and gas logistics and transportation. Overall, EQT Group's strategic investments in these areas highlight its active role in the oil and gas transportation sector.


2. HitecVision

  • Website: hitecvision.com
  • Type: Private Equity
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1985
  • Headcount: 51-200
  • LinkedIn: hitecvision

HitecVision is a private equity investment firm based in Stavanger, Norway, founded in 1985. The firm specializes in the European energy sector, focusing on providing institutional capital to energy production and infrastructure projects. HitecVision emphasizes sustainability and the energy transition while managing private equity funds and partnering with various stakeholders to drive growth in renewable energy and related industries. Notable transactions include the acquisition of CapeOmega in 2014, which is involved in the oil and gas sector, and their investment in Vår Energi, a significant player in the Norwegian oil and gas market. Additionally, their funding of Energy Drilling highlights their engagement in the operational aspects of oil and gas, including transportation.


3. EV Private Equity


EV Private Equity is a private equity firm based in Stavanger, Rogaland, Norway, founded in 2002. The firm specializes in energy technology and sustainable investments, partnering with management teams to enhance business strategies and drive emissions reduction in energy-intensive sectors. Notably, EV Private Equity has been involved in several significant transactions within the oil and gas sector, including the acquisition of Enhanced Drilling in 2019, which focuses on drilling technologies. Additionally, they have invested in Reach Production Solutions and Abrado Wellbore Services, both of which provide critical services in the oil and gas industry. These transactions highlight EV Private Equity's commitment to supporting companies that contribute to the efficiency and sustainability of oil and gas operations.


4. Equinor

  • Website: equinor.com
  • Type: Corporate
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1972
  • Headcount: 10001+
  • Number of deals in 2024: 6
  • LinkedIn: equinor

Equinor ASA is a public entity based in Stavanger, Norway, operating in the energy sector with a focus on oil, gas, and renewable energy. Founded in 1972, Equinor has a workforce of over 10,000 employees and is committed to sustainability, aiming to achieve net-zero emissions by 2050. The company serves a diverse customer base, including governments and industries, providing energy solutions that address climate challenges while ensuring energy security. Notably, Equinor has participated in significant transactions relevant to the oil and gas transportation sector, such as its investment in Upwing Energy, which focuses on downhole gas compression technology, and its involvement in the acquisition of Spirit Energy's Norwegian operations, which enhances its operational footprint in the oil and gas sector. Additionally, Equinor's participation in funding rounds for companies like Booster, which connects fleets to various fuels, indicates its interest in innovative solutions within the energy delivery space.


5. Norvestor

  • Website: norvestor.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1989
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: norvestor-equity-as

Norvestor is a private equity firm based in Oslo, Norway, founded in 1989. The firm specializes in investment management and advisory services, focusing on partnering with medium-sized Nordic businesses to support their growth and development. Norvestor emphasizes sustainability and invests across various sectors, including IT services and property maintenance. In the oil and gas sector, Norvestor has made notable investments, including the acquisition of a 95% stake in Read Cased Hole, a Scottish oil and gas intelligence service, in December 2016. They also acquired Future Production AS and iSURVEY in 2013, both of which are involved in providing services to the oil and gas industry. These transactions highlight Norvestor's commitment to enhancing operational efficiency and market presence within the oil and gas sector.


6. Investinor

  • Website: investinor.no
  • Type: Venture Capital
  • Headquarters: Trondheim, Trøndelag, Norway
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: investinor

Investinor AS is a venture capital investment company based in Trondheim, Trøndelag, Norway, founded in 2008. The firm specializes in providing funding to promising startups and companies, helping them grow and achieve market leadership. Investinor manages state interests in seed and venture funds and collaborates with entrepreneurs and other investors. Notably, Investinor has been involved in several transactions relevant to the oil and gas sector, including investments in Zilift Limited, a UK-based provider of artificial lift solutions for the oil and gas industry, which received funding from Investinor as part of a larger investment round. They also invested in Ace Oil Tools and Well Conveyor, both of which are associated with oil and gas operations. These transactions highlight Investinor's engagement with the oil and gas industry, particularly in areas that may intersect with transportation.


7. Wilhelmsen group


Wilh. Wilhelmsen Holding ASA is a maritime services company based in Lysaker, Akershus, Norway, founded in 1861. The company provides a range of services including port operations, ship management, and solutions for energy transition. Recently, Wilhelmsen has made significant moves in the oil and gas transportation sector, notably acquiring an 80% majority stake in Hamburg-based Ahrenkiel Tankers, rebranding it as Barber Ship Management. This acquisition signifies Wilhelmsen's renewed focus on the tanker market after a decade-long absence. Additionally, their strategic investments in companies like NorSea Wind AS and Østensjø Group’s offshore wind business reflect their commitment to diversifying their portfolio while still maintaining a foothold in traditional maritime services, including oil and gas transportation.


8. Altor Equity Partners

  • Website: altor.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 51-200
  • Number of deals in 2024: 6
  • LinkedIn: altor

Altor Equity Partners is a private equity investment management firm based in Stockholm, Sweden, founded in 2003. The firm specializes in enhancing operational efficiency and sustainable growth for its partners through tailored investment strategies and digital transformation solutions. Altor has been involved in several significant transactions, including the acquisition of Enhanced Drilling and AGR AS, the latter being a Norwegian technology-based oil services company. This acquisition highlights Altor's commitment to the oil and gas sector, particularly in enhancing services that could support oil and gas transportation. Additionally, Altor has made investments in various other sectors, including technology and consumer products, but their strategic focus on oil services positions them as a relevant player in the oil and gas transportation industry.


9. Ferd AS

  • Website: ferd.no
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1998
  • Headcount: 51-200
  • LinkedIn: ferd-as

Ferd AS is a private equity investment company based in Oslo, Norway, founded in 1998. The firm focuses on creating lasting value through various business activities, including investment management, real estate development, and support for social entrepreneurs. Ferd AS has a diverse portfolio, with notable investments in the oil and gas sector, including a joint acquisition of Aibel, a company specializing in offshore wind and energy services, alongside Ratos for approximately 1.5 billion NOK. Additionally, Ferd AS participated in a post-IPO equity round for Petroleum Geo-Services, a key player in the oil and gas industry. Other investments include Interwell and Eniram, which, while not directly in oil and gas transportation, are related to the broader energy and maritime sectors. This diverse investment strategy reflects Ferd AS's commitment to enhancing growth and impact across various industries, including oil and gas.


10. Aker Solutions

  • Website: akersolutions.com
  • Type: Corporate
  • Headquarters: Fornebu, Akershus, Norway
  • Founded year: 1841
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: aker-solutions

Aker Solutions ASA is an engineering firm based in Fornebu, Norway, specializing in energy infrastructure. Founded in 1841, the company has a workforce of over 10,000 employees and operates globally, providing integrated solutions and services for both low-carbon oil and gas production and renewable energy projects. Aker Solutions has been actively involved in the oil and gas sector through various acquisitions aimed at enhancing their service offerings. Notable transactions include the acquisition of Reinertsen, an oil-services provider, which underscores their strategy to strengthen their position in the oil and gas industry. Additionally, their acquisition of Subsea House and SSH Engineering reflects their commitment to expanding capabilities in subsea technology, which is crucial for oil and gas transportation. Aker Solutions also acquired Unitech Power Systems, focusing on electrical power systems, and Enovate Systems Ltd., specializing in subsea well control equipment, further demonstrating their involvement in critical aspects of oil and gas operations. Their recent acquisition of Alma Clean Power AS indicates a forward-looking approach towards integrating clean technology within their portfolio, aligning with the industry's transition towards sustainability.


11. Seb

  • Website: sebgroup.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1856
  • Headcount: 10001+
  • Number of deals in 2024: 13
  • LinkedIn: seb

Skandinaviska Enskilda Banken AB (SEB) is a leading banking group in Northern Europe, founded in 1856, providing a wide range of financial services including corporate and investment banking, asset management, and private wealth management. SEB serves large corporations, institutional clients, and private individuals, helping them manage their financial assets and navigate investment opportunities. Notably, SEB has been involved in significant transactions in the oil and gas transportation sector, particularly with Navigator Gas, where they facilitated the raising of $300 million in post-IPO debt in May 2025 and $100.8 million in August 2024. These transactions highlight SEB's active role in financing companies within the oil and gas transportation industry, alongside their broader investment activities.


12. Trelleborg Group

  • Website: trelleborg.com
  • Type: Corporate
  • Headquarters: Trelleborg, Skåne, Sweden
  • Founded year: 1905
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: trelleborggroup

Trelleborg Group is a Swedish manufacturing company founded in 1905, specializing in engineered polymer solutions. With over 10,000 employees, Trelleborg provides a diverse range of products, including seals, damping solutions, and fluid handling systems, serving various industries such as aerospace, automotive, healthcare, and marine. Notably, Trelleborg has made significant strides in the oil and gas transportation sector through strategic acquisitions. In 2021, they acquired Gutteling Group BV, a Dutch supplier of composite hoses, enhancing their industrial hose offerings, particularly in the LNG sector. Additionally, in 2019, Trelleborg acquired Signum Technology, an engineering group focused on marine breakaway couplings and LNG transfer systems. These acquisitions reflect Trelleborg's dedication to delivering innovative solutions that meet the demanding needs of the oil and gas industry, particularly in the transportation of liquefied natural gas.


13. Reiten & Co

  • Website: reitenco.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1992
  • Headcount: 11-50
  • LinkedIn: reiten-&-co

Reiten & Co is a private equity investment firm based in Oslo, Norway, founded in 1992. The firm specializes in private equity and investment management, focusing on developing Nordic companies by providing capital and strategic support to enhance their growth potential. Their clientele spans various sectors, including environmental services and healthcare. Notably, Reiten & Co has made significant investments in the oil and gas sector, including the acquisition of Competentia, a consultancy that serves the oil and gas industry, and Moss Maritime, which is involved in maritime services. These transactions highlight their engagement in the oil and gas transportation context, despite their broader investment strategy.


14. CapMan

  • Website: capman.com
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1989
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: capman

CapMan Oyj is an investment management firm based in Helsinki, Finland, specializing in private equity, real estate, infrastructure, and natural capital investments. Founded in 1989, CapMan serves institutional investors by providing access to diverse investment strategies aimed at achieving sustainable returns. The firm has a strong presence in the Nordic markets and leverages its expertise to manage funds and drive value creation for its clients. Notably, CapMan Infra has made significant strides in the transportation sector, including the acquisition of Norled, a leading Norwegian ferry and express boat operator, marking its first transportation infrastructure investment. This acquisition highlights CapMan's commitment to enhancing transportation services, which can be relevant to oil and gas logistics. Additionally, their acquisition of Koiviston Auto, Finland's largest bus operator, reflects their focus on sustainable transportation practices. While CapMan's investments are not exclusively in oil and gas transportation, their involvement in transportation infrastructure positions them as a potential player in the logistics aspect of the oil and gas industry.


15. Dnv

  • Website: dnv.com
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1865
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: dnvgl

Det Norske Veritas (DNV) is a corporate consulting firm based in Oslo, Norway, founded in 1865. DNV provides a wide range of services including advisory, certification, classification, and cyber security across various industries such as maritime, oil and gas, and renewable energy. In the oil and gas sector, DNV has been involved in several notable transactions. For instance, they signed an agreement to acquire a license portfolio from Noreco Norway, which includes a 20% interest in the Gohta discovery on the Norwegian Continental Shelf. Additionally, DNV acquired ANB Systems, a Houston-based SaaS company specializing in energy program services, to enhance their energy management capabilities. These transactions highlight DNV's commitment to the oil and gas industry and their role in supporting operational efficiency and compliance in this sector.



Oil and Gas Transportation Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
HitecVisionStavanger, Rogaland, Norway51-20019850
EV Private EquityStavanger, Rogaland, Norway11-5020020
EquinorStavanger, Rogaland, Norway10001+19726
NorvestorOslo, Oslo, Norway11-5019893
InvestinorTrondheim, Trøndelag, Norway11-5020084
Wilhelmsen groupLysaker, Akershus, Norway10001+18610
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
Ferd ASOslo, Oslo, Norway51-20019980
Aker SolutionsFornebu, Akershus, Norway10001+18411
SebStockholm, Stockholm, Sweden10001+185613
Trelleborg GroupTrelleborg, Skåne, Sweden10001+19057
Reiten & CoOslo, Oslo, Norway11-5019920
CapManHelsinki, Uusimaa, Finland51-20019894
DnvOslo, Oslo, Norway10001+18654


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