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Barclays Capital invests in Nio Petroleum

Barclays natural resource investments backs Southeast Asia-focused firm Nio Petroleum, which is founded by Richard Hall and Rory Edwards.

Barclays natural resource investments BNRI, a division of Barclays Capital, has invested in a Southeast Asia-focused oil and gas development company Nio Petroleum.

Nio Petroleum is an oil and gas development and production company established in 2009, with a primary focus on offshore assets in the Asia-Pacific region, particularly Malaysia, Thailand, Vietnam, Indonesia and Australia. It seeks out undeveloped discoveries, marginal fields and late-life assets in Southeast Asia, which it will add value to through the innovative use of existing and new technologies and commercial know-how, Barclays Capital and Nio Petroleum said in a joint press release yesterday.

Nio Petroleum is founded and managed by Richard Hall and Rory Edwards, a duo...

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