BP

BP is a multinational energy company that engages in the exploration, production, refining, and marketing of oil and natural gas. It also provides trading and shipping services for these commodities. BP's upstream segment involves global exploration and production of oil and natural gas, while its downstream operations refine crude oil into various petroleum products for worldwide distribution. In line with its commitment to sustainability, BP has expanded investments in renewable energy sources such as wind, solar, and biofuels through its Alternative Energy division. BP Ventures, the company's venture capital arm, invests in private, high-growth technology companies to accelerate innovation across the energy spectrum, supporting BP's transition to a low carbon company.

Felipe Arbelaez

Senior Vice President Zero Carbon Energy

Claire Farrant

VP Mobility and Convenience Europe

David Gilmour

CEO

Erin Hallock

Investment Director, Explore

JO HAYWARD

VP for convenience in Europe and global convenience strategy and proposition lead at BP

Louise Kingham

SVP for Europe and UK Head of Country

Geoff Morrell

Executive Vice President communications and advocacy

Sophia Nadur

Managing Director, AsPac and Middle East

Doris Reiter

Senior Vice President

Dev Sanyal

Chief Executive, Alternative Energy and Executive Vice President, Regions

Martin Sellers

Low Carbon Digital Technology Principal

Johnathan Stone

Venture Principal

Past deals in Oil and Gas

Oxford Flow

Series C in 2024
Oxford Flow Ltd. is a company that designs, manufactures, and supplies pressure control equipment, including gas regulators, water pressure reducing valves (PRVs), silencers, and pilots. Established in 2015 and based in Oxford, United Kingdom, the company serves a variety of industries such as water, gas, marine, oil and gas, process, power, and building services. Oxford Flow's products are engineered to simplify systems and enhance reliability while meeting rigorous standards for water quality and leakage control. The company focuses on delivering practical solutions that improve operational efficiency and reduce environmental impact, backed by extensive testing and customer feedback. By combining academic expertise with industry knowledge, Oxford Flow aims to provide innovative and efficient pressure control solutions that help customers save costs without compromising performance.

Flylogix

Venture Round in 2022
Flylogix specializes in the development of advanced unmanned aircraft designed for efficient over-horizon operations. The company provides a range of services, including maritime surveillance, oil spill response, airspace management, methane emissions monitoring, and unmanned logistics. By leveraging these technologies, Flylogix aims to deliver essential information from remote environments, thereby enabling businesses to enhance operational effectiveness while reducing carbon emissions and improving safety. The company's innovative approach offers cost-effective solutions for industries facing challenges in remote operations.

Cold Bore

Venture Round in 2021
Cold Bore Technology Inc. specializes in developing down-hole sonic communication tools for the directional drilling industry within the oil and gas sector. The company offers a range of products under the SmartPAD brand, which utilizes proprietary acoustic technology to provide real-time, sensor-driven data and analytics. This technology enables clients to monitor completion operations and access vital data through a digital twin visible on handheld devices, facilitating a comprehensive overview of workflows and frac data. Founded in 2012 and headquartered in Calgary, Canada, Cold Bore Technology aims to enhance operational efficiency in drilling by delivering real-time insights from the down-hole environment to the surface.

Thorntons

Acquisition in 2021
Thorntons Inc. is a prominent independent retailer of gasoline and convenience store products, operating gas stations across Illinois, Indiana, Kentucky, Ohio, and Tennessee. Founded in 1971 and headquartered in Louisville, Kentucky, the company was previously known as Thornton Oil Corporation before rebranding in March 2003. Thorntons Inc. is a joint venture between BP p.l.c. and ArcLight Capital Partners, LLC, and has established itself as a significant player in the U.S. market for fuel and convenience items.

Blue Ocean Seismic Services

Series A in 2020
Blue Ocean Seismic Services Ltd. is a company focused on revolutionizing ocean bottom seismic data acquisition through the development of autonomous submarines and self-repositioning nodes. Established in 2018 and headquartered in Southampton, United Kingdom, the company aims to provide low-cost solutions that also minimize carbon emissions and operational risks. By utilizing swarms of long-endurance nodes, Blue Ocean Seismic Services enhances the efficiency and quality of seismic data collection while significantly reducing survey duration and costs. As a subsidiary of BP p.l.c., the company is committed to supporting offshore exploration activities for oil, gas, and carbon storage with a strong emphasis on reducing environmental impact and improving safety standards.

Satelytics

Venture Round in 2020
Satelytics Inc. specializes in cloud-based geospatial analytics software designed to analyze large volumes of satellite and aerial imagery for actionable insights. The company focuses on providing real-time alerts to clients in the oil and gas, power, mining, and water/wastewater industries, helping them address operational anomalies before they lead to environmental damage or increased costs. Satelytics' technology processes multispectral and hyperspectral imagery to identify specific spectral signatures that indicate potential issues, such as hydrocarbon leaks or contamination risks. By monitoring extensive infrastructure, including pipelines and power stations, Satelytics enables businesses to detect threats early and respond effectively, thereby enhancing regulatory compliance and safety. Founded in 2008 and headquartered in Toledo, Ohio, Satelytics was previously known as Blue Water Satellite, Inc. before its name change in February 2016.

Silicon Microgravity

Venture Round in 2018
Silicon Microgravity Limited specializes in the development of advanced sensor devices tailored for the oil and gas sector. Founded in 2014 as a spin-out from Cambridge University, the company leverages sensor technology originally developed through a collaboration with BP. This technology enables the recording of gravity data at high sensitivities and seismic data at ultra-low frequencies, significantly enhancing the management of oil and gas reservoirs. By using microelectromechanical system sensors, Silicon Microgravity transforms the measurement of densities deep within reservoirs from boreholes. Additionally, its technology finds applications in navigation, guidance, and stabilization for various intelligent systems across commercial, industrial, and military sectors. The innovations provided by Silicon Microgravity aim to improve efficiency and reduce costs for clients while supporting their social, safety, and environmental objectives.

Fotech Solutions

Acquisition in 2017
Fotech Solutions Limited specializes in developing distributed acoustic sensing solutions primarily for the oil and gas, pipeline, and security sectors. The company offers advanced acoustic monitoring systems that provide real-time intelligence, enabling operatives to detect pipeline leaks and other critical issues. Among its key products is LivePIPE, which enhances monitoring capabilities for pipeline operations. Fotech’s technology facilitates asset surveillance and includes interpretive tools that allow engineers to visualize and record data in real-time. Established in 2006 and headquartered in Church Crookham, United Kingdom, Fotech also maintains offices in Calgary, Canada, and Houston, Texas. The company collaborates with a network of partners to deliver its solutions both domestically and internationally.

BiSN

Venture Round in 2017
BiSN is a manufacturer of innovative metal-to-metal downhole sealing solutions tailored for the oil and gas industry. The company addresses the limitations of traditional methods, such as bridge plugs and cement, by offering advanced products that create gas-tight and airtight seals. BiSN’s cutting-edge technology includes a chemical reaction heater that enhances the effectiveness of its sealing solutions, enabling applications that were previously deemed impossible. This approach allows oil production companies to manage well abandonment challenges more efficiently and cost-effectively.

Silicon Microgravity

Seed Round in 2016
Silicon Microgravity Limited specializes in the development of advanced sensor devices tailored for the oil and gas sector. Founded in 2014 as a spin-out from Cambridge University, the company leverages sensor technology originally developed through a collaboration with BP. This technology enables the recording of gravity data at high sensitivities and seismic data at ultra-low frequencies, significantly enhancing the management of oil and gas reservoirs. By using microelectromechanical system sensors, Silicon Microgravity transforms the measurement of densities deep within reservoirs from boreholes. Additionally, its technology finds applications in navigation, guidance, and stabilization for various intelligent systems across commercial, industrial, and military sectors. The innovations provided by Silicon Microgravity aim to improve efficiency and reduce costs for clients while supporting their social, safety, and environmental objectives.

Saltworks

Venture Round in 2014
Saltworks Technologies Inc. is a water technology company based in Richmond, Canada, focused on the design, manufacture, and delivery of desalination and wastewater treatment plants. Founded in 2008, the company specializes in advanced solutions for treating challenging water conditions, offering turnkey crystallizer systems, ion exchange membrane products, and membrane-stack systems. Its product range includes ElectroChem Advanced Electrodialysis systems for industrial wastewater treatment, salt splitters for recovering scale-limited waters, ammonia splitters for ammonia removal, and the SaltMaker Evaporator Crystallizer for treating wastewater or brine. Saltworks provides comprehensive services encompassing process engineering, operation, and finance, serving various sectors such as ammonia treatment, landfill leachate, oil and gas, mining, and agriculture. With a global customer base, the company is committed to reducing brine volume, lowering disposal costs, and achieving zero liquid discharge through its innovative technologies.

Fotech Solutions

Venture Round in 2013
Fotech Solutions Limited specializes in developing distributed acoustic sensing solutions primarily for the oil and gas, pipeline, and security sectors. The company offers advanced acoustic monitoring systems that provide real-time intelligence, enabling operatives to detect pipeline leaks and other critical issues. Among its key products is LivePIPE, which enhances monitoring capabilities for pipeline operations. Fotech’s technology facilitates asset surveillance and includes interpretive tools that allow engineers to visualize and record data in real-time. Established in 2006 and headquartered in Church Crookham, United Kingdom, Fotech also maintains offices in Calgary, Canada, and Houston, Texas. The company collaborates with a network of partners to deliver its solutions both domestically and internationally.

Taxon Biosciences

Series A in 2013
Taxon Biosciences, Inc. is a biotechnology company that specializes in developing innovative applications and products for the agriculture, life sciences, and oil and gas industries. Founded in 2000 and based in Tiburon, California, the company employs advanced microbiology, genomics, and informatics to create solutions that enhance various processes. In the oil and gas sector, Taxon Biosciences develops microbes that improve the extraction of heavy oil and increase the efficiency of coal-to-methane conversion. Additionally, it offers customized microbial solutions for specific biochemical transformations in subsurface environments. In agriculture, the company's products focus on yield optimization and crop protection. Taxon Biosciences also provides assays for propane-utilizing microbes and other tools to aid oil and gas exploration.

XACT Downhole Telemetry

Venture Round in 2013
XACT Downhole Telemetry Inc. specializes in providing real-time downhole drilling and completion data through its proprietary acoustic technology platform. Founded in 2004 and based in Calgary, Canada, with an additional office in Houston, Texas, the company operates in challenging well construction environments, aiming to improve safety and efficiency while reducing costs and risks for oil and gas operators. Utilizing acoustic telemetry systems, XACT delivers critical data on wellbore conditions, enabling operators to address complex well construction issues effectively. The company's technology employs sound waves for data transmission, utilizing drill strings and production tubing as mediums, thereby facilitating applications in horizontal drilling, completions, and cementing. By collaborating with clients, XACT develops innovative, data-driven solutions that enhance operational understanding and decision-making throughout the drilling, completion, and production lifecycle.

Veba Oel AG

Acquisition in 2001
Veba Oel AG engages in the exploration and production of crude oil and natural gas, the processing of crude oil and the marketing of the finished products, consisting essentially of motor fuels, heating oils, chemical feedstock and plastics.

Arco Indonesia

Acquisition in 2000
ARCO offers oil and gas extraction, exploration, and production services in the Midcontinent and offshore Gulf of Mexico in the United States, and internationally in the United Kingdom North Sea, Indonesia, China, and Algeria.

Solumar

Pre Seed Round in 1925
Solumar specializes in advanced air and gas filtration technologies aimed at reducing emissions from heavy industries, including city councils, maritime operations, and oil and gas companies. The company’s innovative approach incorporates seawater and principles from aviation to effectively capture black carbon and greenhouse gas emissions. By focusing on efficiency and sustainability, Solumar assists its clients in complying with the Agenda 2050 goals for emission reduction while offering cost-effective solutions for managing air pollution.
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