BP

BP p.l.c. is a global integrated oil and gas company based in the United Kingdom, with operations spanning Europe, North and South America, Australasia, Asia, and Africa. The company is involved in the exploration, production, and refining of oil and gas, producing approximately 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day as of 2023. BP's reserves total 6.8 billion barrels of oil equivalent, with 55% classified as liquids. The company operates refineries with a combined capacity of 1.6 million barrels per day. Additionally, BP Ventures, its venture capital arm, invests in private growth-stage technology companies to drive innovation across the energy sector, with a focus on reducing carbon emissions and facilitating the transition to a lower-carbon future. Through these initiatives, BP aims to meet global energy demands while addressing environmental challenges.

Felipe Arbelaez

Senior Vice President Zero Carbon Energy

Claire Farrant

VP Mobility and Convenience Europe

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

Doris Reiter

Senior Vice President

Meghan Sharp

Managing Director

Johnathan Stone

Venture Principal

Morag Watson

Vice President

Past deals in Oil and Gas Transportation

Gasrec

Venture Round in 2021
Operator of refueling facilities and liquefied gas fuel intended to cater to the road transport sector. The company focuses on designing and building bespoke CNG and LNG refueling facilities and also provides services such as upgrades, maintenance and expansions, enabling clients to reduce both fuel costs and air pollution.

Cold Bore

Venture Round in 2021
Cold Bore Technology Inc. develops down-hole sonic communication tools for the directional drilling industry within the oil and gas sector. It’s remote system enables access and visibility of the completion operations data and work flow overview in real-time. The company markets its product under the SmartPAD brand name. Cold Bore Technology Inc. was incorporated in 2012 and is based in Calgary, Canada.

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 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 that provides real-time data analytics and alerts for asset monitoring. The company employs a range of data sources, including satellites, drones, and fixed cameras, to detect and monitor various environmental factors such as hydrocarbon leaks, water quality, and vegetation health. Satelytics serves industries including oil and gas, pipeline, power utilities, and water management, helping them identify compliance issues, contamination risks, and potential disasters before they escalate. By utilizing proprietary algorithms and a highly automated software suite, Satelytics enables organizations to reduce costs and mitigate risks effectively. Founded in 2008 and headquartered in Toledo, Ohio, the company was previously known as Blue Water Satellite, Inc. before changing its name in 2016.

Xpansiv

Venture Round in 2020
Xpansiv Data Systems, Inc. operates an online platform that converts raw production data into Digital Feedstock™, a secure and efficient data format that integrates data science, cryptography, and distributed-ledger technologies. This transformation allows for the creation of immutable digital assets from commodities such as natural gas, facilitating transactions that enhance supply-chain transparency, verify compliance, and mitigate risk. By capturing and tracking the attributional profiles and characteristics of underlying commodities, Xpansiv empowers markets to better assess and trade these assets in a digital format. Founded in 2016 and headquartered in San Francisco, California, with additional locations in Albuquerque, New Mexico, and Seattle, Washington, Xpansiv operates as a subsidiary of CBL Markets Holdings Pty Ltd. The company's team comprises industry experts committed to improving the production, management, and trading processes of commodities on a global scale.

Xpansiv

Corporate Round in 2020
Xpansiv Data Systems, Inc. operates an online platform that converts raw production data into Digital Feedstock™, a secure and efficient data format that integrates data science, cryptography, and distributed-ledger technologies. This transformation allows for the creation of immutable digital assets from commodities such as natural gas, facilitating transactions that enhance supply-chain transparency, verify compliance, and mitigate risk. By capturing and tracking the attributional profiles and characteristics of underlying commodities, Xpansiv empowers markets to better assess and trade these assets in a digital format. Founded in 2016 and headquartered in San Francisco, California, with additional locations in Albuquerque, New Mexico, and Seattle, Washington, Xpansiv operates as a subsidiary of CBL Markets Holdings Pty Ltd. The company's team comprises industry experts committed to improving the production, management, and trading processes of commodities on a global scale.

Xpansiv

Series A in 2019
Xpansiv Data Systems, Inc. operates an online platform that converts raw production data into Digital Feedstock™, a secure and efficient data format that integrates data science, cryptography, and distributed-ledger technologies. This transformation allows for the creation of immutable digital assets from commodities such as natural gas, facilitating transactions that enhance supply-chain transparency, verify compliance, and mitigate risk. By capturing and tracking the attributional profiles and characteristics of underlying commodities, Xpansiv empowers markets to better assess and trade these assets in a digital format. Founded in 2016 and headquartered in San Francisco, California, with additional locations in Albuquerque, New Mexico, and Seattle, Washington, Xpansiv operates as a subsidiary of CBL Markets Holdings Pty Ltd. The company's team comprises industry experts committed to improving the production, management, and trading processes of commodities on a global scale.

Fotech

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 a range of technologies, including distributed acoustic sensors that deliver real-time intelligence for monitoring infrastructure and assets, such as LivePIPE for pipeline integrity and Helios Theta for comprehensive asset visibility. Fotech's solutions also extend to various applications, including rail monitoring, reservoir management, and security automation. With a focus on simplifying asset management and enhancing operational efficiency, Fotech provides interpretive tools that enable engineers to visualize and assess conditions in real time. Founded in 2006, Fotech is headquartered in Winchester, United Kingdom, and has additional offices in Calgary, Houston, Hong Kong, Kuala Lumpur, Dubai, and Mumbai. The company collaborates with a network of partners both in the UK and internationally to deliver its advanced monitoring solutions.

Xpansiv

Seed Round in 2017
Xpansiv Data Systems, Inc. operates an online platform that converts raw production data into Digital Feedstock™, a secure and efficient data format that integrates data science, cryptography, and distributed-ledger technologies. This transformation allows for the creation of immutable digital assets from commodities such as natural gas, facilitating transactions that enhance supply-chain transparency, verify compliance, and mitigate risk. By capturing and tracking the attributional profiles and characteristics of underlying commodities, Xpansiv empowers markets to better assess and trade these assets in a digital format. Founded in 2016 and headquartered in San Francisco, California, with additional locations in Albuquerque, New Mexico, and Seattle, Washington, Xpansiv operates as a subsidiary of CBL Markets Holdings Pty Ltd. The company's team comprises industry experts committed to improving the production, management, and trading processes of commodities on a global scale.

BiSN

Venture Round in 2017
BiSN is a producer of metal-to-metal downhole sealing solutions for the oil and gas industries. BiSN develops a revolutionary chemical reaction heater that brings the technology into the 21st century and opens the door to a range of applications previously thought impossible.

Fulcrum BioEnergy

Venture Round in 2016
Fulcrum BioEnergy, Inc. is a company based in Pleasanton, California, that specializes in converting municipal solid waste into low-cost, low-carbon transportation fuels, including jet fuel, diesel, and ethanol. Founded in 2007 by E. James Macias and Jim McDermott, Fulcrum BioEnergy employs a proprietary thermochemical process to transform sorted, post-recycled municipal solid waste into ethanol, utilizing conventional commercial systems. The company's approach aims to create a sustainable and renewable source of domestic transportation fuel, thereby reducing dependence on imported oil and contributing to net-zero carbon emissions. Fulcrum BioEnergy has established a strategic partnership with Marubeni Corporation to further enhance its capabilities in the sustainable fuel sector.

Liquid Light

Series B in 2014
Liquid Light Corporation specializes in developing and licensing innovative technology for converting carbon dioxide into valuable chemicals and fuels. Based in Monmouth Junction, New Jersey, the company utilizes a low-energy catalytic electrochemistry process to transform CO2 into multi-carbon chemicals, with a focus on producing ethylene glycol. This patent-pending electrocatalytic platform is designed to efficiently turn industrial waste into revenue, allowing customers to lower production costs, decrease reliance on volatile petroleum feedstocks, and diminish their carbon footprint. Founded in 2008, Liquid Light operates as a subsidiary of Avantium Technologies B.V.

Biosynthetic Technologies

Venture Round in 2014
Biosynthetic Technologies, LLC specializes in the manufacture of bio-based synthetic oils derived from organic fatty acids found in plant oils. These oils are designed for various applications across the lubricant, specialty chemical, and cosmetic industries, offering high-performance alternatives to traditional petroleum-based products. The company produces a diverse range of biosynthetic base oils suitable for passenger car motor oils, marine lubricants, hydraulic fluids, food-grade lubricants, and personal care products, among others. Notably, these renewable oils are biodegradable and non-toxic, contributing to environmentally sustainable practices. Biosynthetic Technologies holds a comprehensive portfolio of patents for its innovative formulations, underscoring its commitment to advanced, eco-friendly solutions. Founded in 2004 and headquartered in Irvine, California, the company operates a production facility in Baton Rouge, Louisiana.

Fotech

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 a range of technologies, including distributed acoustic sensors that deliver real-time intelligence for monitoring infrastructure and assets, such as LivePIPE for pipeline integrity and Helios Theta for comprehensive asset visibility. Fotech's solutions also extend to various applications, including rail monitoring, reservoir management, and security automation. With a focus on simplifying asset management and enhancing operational efficiency, Fotech provides interpretive tools that enable engineers to visualize and assess conditions in real time. Founded in 2006, Fotech is headquartered in Winchester, United Kingdom, and has additional offices in Calgary, Houston, Hong Kong, Kuala Lumpur, Dubai, and Mumbai. The company collaborates with a network of partners both in the UK and internationally to deliver its advanced monitoring solutions.

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.

Liquid Light

Series A in 2011
Liquid Light Corporation specializes in developing and licensing innovative technology for converting carbon dioxide into valuable chemicals and fuels. Based in Monmouth Junction, New Jersey, the company utilizes a low-energy catalytic electrochemistry process to transform CO2 into multi-carbon chemicals, with a focus on producing ethylene glycol. This patent-pending electrocatalytic platform is designed to efficiently turn industrial waste into revenue, allowing customers to lower production costs, decrease reliance on volatile petroleum feedstocks, and diminish their carbon footprint. Founded in 2008, Liquid Light operates as a subsidiary of Avantium Technologies B.V.

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.

LevelSeas

Venture Round in 2000
LevelSeas.com will be the leading global marketplace for buying, selling and managing bulk ocean transportation.Their services will provide the industry with the comprehensive information, the trading platform and the tools to streamline chartering from start to finish. They have the backing of leading participants in the ocean transportation industry, and a seasoned team of professionals. If you'd like to stay up to date on their progress, please click here to register.

Arco

Acquisition in 2000
Arco is engaged in the oil and gas sector, providing extraction, exploration, and production services. The company operates primarily in the Midcontinent and offshore Gulf of Mexico regions of the United States, and it also has international ventures in the United Kingdom North Sea, Indonesia, China, and Algeria.

Altra Energy Technologies

Venture Round in 2000
Altra Energy Technologies, Inc. along with its subsidiaries, is the leading provider of business-to-business e-commerce products and services to the energy market. Altra operates Altrade, a real-time, anonymous electronic marketplace where customers meet on-line to trade natural gas, crude oil, natural gas liquids and power. Altra is also the worldwide leader in energy transaction management systems, which its customers use for risk management, physical delivery and financial settlement in their energy trading operations. These systems allow for seamless, electronic integration between deal capture, portfolio monitoring, physical scheduling and back-office reconciliation of completed transactions. With over 6,000 users around the globe, more energy is bought, sold and transported through Altra systems than any other technology worldwide.

Standard Oil of Ohio

Acquisition in 1978
Standard Oil of Ohio or Sohio was an American oil company, and the earliest component of the original Standard Oil company.
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