Oil and gas-focused buyout firm HitecVision has created a global oil services group through a five-way merger in a bid to captialise on the current slump in oil prices.

The firm has merged five of its portfolio companies to create Norway-based Global Maritime Group, according to a statement.

The firm hopes to take advantage of an upswing in oil prices in the next three to five years

Jennifer Bollen

Antero Resources

Apollo Global Management

Laredo Petroleum

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HitecVision creates oil services group

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