Chevron

Chevron Corporation is an integrated energy and technology company that focuses on providing affordable, reliable, and cleaner energy solutions to support human progress. The company engages in various sectors, including oil and gas, emerging energy technologies, advanced materials, and information technology. Chevron Technology Ventures, its venture capital arm, plays a crucial role in identifying and investing in innovative technologies that can enhance the company's operations and reduce costs. This division targets investments across various stages of development, from early-stage start-ups to established ventures, concentrating on areas such as hydrogen infrastructure, renewable energy, advanced battery systems, and nanomaterials. By fostering innovation and integrating new technologies, Chevron aims to create commercial opportunities and improve performance within its core business operations. The company is headquartered in San Ramon, California, with additional offices in Houston, Texas.

Anbarci, Kemal

Vice President and Managing Executive

Paul Bennett

Vice President and Treasurer

Chevron Equipment Finance

Finance Broker

Bruce L. Niemeyer

Vice President, Strategic Planning

Pardoe, Richard

Venture Principal

Michael K. Wirth

Chairman of the Board of Directors and CEO

Past deals in Oil and Gas Transportation

Hydrogenious Technologies

Venture Round in 2021
Founded in 2013, Hydrogenious Technoloiges is a spin-off of the University of Erlangen-Nuremberg by its CEO Dr. Daniel Teichmann and the three co-founders Prof. Wolfgang Arlt, Prof. Peter Wasserscheid and Prof. Eberhardt Schlücker. The need for safe and efficient hydrogen storage for multi-MWh energy storage systems and safe and reliable hydrogen storage for hydrogen refuelling stations and fuel cell mobility was imminent – and Liquid Organic Hydrogen Carriers (LOHC) proved to be the solution. Having completed the technological proof of concept at the university’s laboratories, the idea became reality and Hydrogenious Technologies, a global pioneer in LOHC based energy storage, was born. With the University of Erlangen-Nuremberg becoming a shareholder in May 2014 and the successful close of a Series A funding round in July 2014 with Anglo American Platinum as investor, Hydrogenious Technologies is now backed with strong scientific, strategic and financial capacities to revolutionize large-scale energy and hydrogen storage.

Ocergy

Series A in 2021
Ocergy is focused on developing advanced ocean systems to address energy and environmental challenges in a sustainable manner. The company's flagship product, OCG-Wind, is a cost-effective foundation designed to support the next generation of large offshore wind turbines, featuring a lightweight hull that minimizes the levelized cost of energy (LCOE) and facilitates local supply chain utilization during fabrication. Additionally, Ocergy offers OCG-Data, a comprehensive ocean observing system that supports offshore site assessments and hosts multiple instrumentation packages for resource and environmental monitoring. This system incorporates technologies for underwater biodiversity monitoring, including restoration techniques and passive acoustic monitoring, as well as systems for detecting and identifying birds and bats. By providing high-quality ecological data, OCG-Data enhances stakeholder engagement and supports informed decision-making in offshore projects.

Puma Energy Australia

Acquisition in 2019
Puma Energy is Australia's premium supplier of quality fuel products and services.

INGU

Series A in 2019
Currently, inline inspection in the oil and gas sector is a series of staged engineering events, designed to assess the condition of pipeline assets. It is costly, infrequent, and only addresses those lines that are within reach. In fact, it is estimated that 40% of the world’s pipelines are unpiggable. The vulnerabilities between inspections, which are typically years apart, or the inability to conduct inspections at all, puts the world’s aging pipeline infrastructure at risk. In order to address these issues, we have focused on changing the economics, the technology, and the workflow associated with inline inspection. We have introduced the industry’s first self-serve inspection model that eliminates significant engineering and downtime costs. We have developed miniature, multi sensor Pipers® technology that freely flows within any and all active pipelines, regardless of location, condition, material or configuration. This technology is capable of inspecting pipelines as small as 2 inches in diameter, and surveying for leaks, geometric defects, magnetic anomalies, and deposits in a single run. Further, we have reduced the cost of inline inspection by a factor of 10, making it possible for integrity programs to be more present, more often, across all of their assets. Finally, such accessible technology has given us the opportunity to work with a complete range of clients – large and small, private and public – resulting in rich datasets libraries that offer unprecedented contextual analysis and continuous advancement of our data analytics capabilities. Our approach provides clients with uninterrupted access to up-to-date condition-critical data, allowing them to optimize planning, decision-making, and actions.

Carbon Engineering

Private Equity Round in 2019
Carbon Engineering is a clean energy company that commercializes the Direct Air Capture technology to capture CO2 directly from the atmosphere and convert it into clean, affordable transportation fuels. Carbon Engineering focuses on the global deployment of Direct Air Capture technology so it can have the greatest impact on the huge climate challenge.

Carbon Engineering

Series A in 2019
Carbon Engineering is a clean energy company that commercializes the Direct Air Capture technology to capture CO2 directly from the atmosphere and convert it into clean, affordable transportation fuels. Carbon Engineering focuses on the global deployment of Direct Air Capture technology so it can have the greatest impact on the huge climate challenge.

Ziebel AS

Venture Round in 2014
Founded in Stavanger, Norway in 2006, Ziebel provides specialist well intervention services to the global oil and gas industry. Ziebel is dedicated to enhancing production effectively and economically through its pioneering well intervention technologies, including the Z-System™. This proprietary fiber optic composite rod technology makes it possible to access and visualize the entire well bore in real-time.

Zilift

Venture Round in 2012
Zilift was established to develop and market permanent magnet technologies for innovative artificial lift applications. Zilift Magnet Drive™ systems are defined by the high efficiency, compact design capabilities of permanent magnet materials. Zilift innovative artificial lift systems deliver high torque or hi-flow in the most versatile, compact downhole drivetrain packages. Zilift is currently developing two product lines which will offer reductions in lifting costs and enable customers to explore innovative PCP and ESP deployments in situations and applications where none exist today. Zilift TorqueDrive™ for PCP – is an integrated downhole drivetrain and PCP artificial lift system. Zilift TorqueDrive™ removes the compromises and failure modes that are associated with top drive systems. The system dramatically improves pump performance and wellbore placement options. Zilift SpeedDrive™ for ESP – is the only 2⁵⁄₈″ diameter ESP in the world. Now it is possible to deploy an ESP on cable or wireline and take all the benefits of ESP artificial lift to new through tubing, slim bore, live well intervention and restricted access applications.

Atlas Energy

Acquisition in 2010
Atlas Energy is a limited liability company that focuses on the development and production of natural gas and, to a lesser extent, oil principally in the Appalachian Basin. They sponsor and manage tax-advantaged investment partnerships, in which they invest, to finance the exploitation and development of their acreage.

Solazyme

Series D in 2010
Solazyme is a synthetic biology company that specializes in converting algal biomass into biofuels. Solazyme not only creates biofuels for the the transportation industry, but is experimenting with ways to tailor its products for the cosmetic and food industries.

Stingray Geophysical

Venture Round in 2010
Stingray Geophysical provides reliable, cost-effective seismic Permanent Reservoir Monitoring (seismic PRM) solutions to the global oil and gas industry, enabling companies to improve their production and increase hydrocarbon reserves while reducing risk and cost.

Soane Energy

Venture Round in 2009
Soane Energy is developing and applying innovative chemical solutions based on polymers and surface science to help meet this worldwide "hunger for energy" in a practical, immediate and environmentally responsible way. Through its contributions to the energy industry, Soane Energy believes it will have a profound effect on improving the health of the planet while generating significant returns to company shareholders.

DynaPump

Series C in 2008
DynaPump, Inc. manufactures, sells and services surface mounted artificial lift systems for the oil and gas industry to optimize the production of oil and gas wells. The company was founded in 1992 and began commercial sale of products in 1999. DynaPump has sold over 400 units in various markets including North America, South America and the Middle East. DynaPump supports its product through company–owned service centers within the United States and utilizes local distributors to sell and service the product in international markets.

DynaPump

Series C in 2007
DynaPump, Inc. manufactures, sells and services surface mounted artificial lift systems for the oil and gas industry to optimize the production of oil and gas wells. The company was founded in 1992 and began commercial sale of products in 1999. DynaPump has sold over 400 units in various markets including North America, South America and the Middle East. DynaPump supports its product through company–owned service centers within the United States and utilizes local distributors to sell and service the product in international markets.

SpectraSensors

Series C in 2007
SpectraSensors, Inc. manufactures and supplies precision optical laser-based gas analyzers for the energy and petrochemical industries. Its products include air monitoring, moisture, dew point, hydrogen sulfide, H2S, dual channel, and atmospheric and portable gas analyzers for natural gas pipelines and processors, petrochemical refineries, and chemical companies. The company's solutions measure and monitor gas and petrochemical concentrations in a variety of applications, such as environmental, energy, water, and chemical process monitoring. Its gas analyzers measure moisture, carbon dioxide, hydrogen sulfide, hydrogen chloride, methane, ammonia, and ethylene oxide. The company also provides communication software systems, such as SCADA2000 for data acquisition, control, and monitoring of custody transfer metering; and CMC, a communications management center for automated and on-demand polling of field monitoring devices. SpectraSensors offers its products through an international distribution network and installation base in North America, Europe, the Pacific Rim, Australia, and Asia. The company was incorporated in 1998 and is headquartered in Houston, Texas with engineering, design, and manufacturing operations in Rancho Cucamonga, California. SpectraSensors was acquired in 2012 by Swiss company Endress+Hauser, a global leader in measurement instrumentation, services and solutions for industrial process engineering.

OpenSpirit

Venture Round in 2007
The next significant change in the E&P software industry will not be focused on a specific software or hardware technology, but on efficiently enabling workflows. These repeatable series of steps add value to data sets, upping the economic worth of each point of information. Looked at from another point of view – experienced people cost money, so how they spend their time matters. Easy access to data, and workflows that actually “flow”, positively impact productivity and bottom-line value. By design, it is the job of OpenSpirit to enable the workflows E&P users can apply to their everyday tasks.

Stingray Geophysical

Series A in 2006
Stingray Geophysical provides reliable, cost-effective seismic Permanent Reservoir Monitoring (seismic PRM) solutions to the global oil and gas industry, enabling companies to improve their production and increase hydrocarbon reserves while reducing risk and cost.

Stingray Geophysical

Venture Round in 2006
Stingray Geophysical provides reliable, cost-effective seismic Permanent Reservoir Monitoring (seismic PRM) solutions to the global oil and gas industry, enabling companies to improve their production and increase hydrocarbon reserves while reducing risk and cost.

Unocal

Acquisition in 2005
Unocal Corporation explores, develops, and produces natural gas, crude oil, condensate, and natural gas liquids.

Texaco

Acquisition in 2000
Texaco Spindletop, Texas in 1901 saw the birth of Texaco when "Buckskin Joe" Cullinan struck a geyser of oil. Since that day, the Texaco brand has emerged to become one of the world's most recognized brands. From innovative products like Texaco Fire Chief Gasoline and celebrity endorsements like Milton Berle in The Texaco Star Theater to catchy television and radio jingles reminding motorists to "trust your car to the man who wears the star," the Texaco brand has also become an indispensable part of Americana. More than century after its birth, the Texaco brand focuses on the future without forgetting its heritage. The unsurpassed cleaning power of Texaco with Techron demonstrates the brand's undying commitment to quality and enduring performance. And the iconic Texaco Star is a familiar and welcoming friend to those on the long and lonely American road.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.