Chevron

Chevron Corporation is a leading integrated energy company involved in various aspects of the oil and gas industry, including exploration, production, refining, marketing, and chemicals manufacturing. Headquartered in San Ramon, California, the company operates globally, with significant production activities across North America, South America, Europe, Africa, Asia, and Australia. Chevron produces approximately 3.1 million barrels of oil equivalent per day, alongside refining capacity of 1.8 million barrels per day. The company markets fuels, lubricants, and petrochemical products under well-known brands such as Chevron, Texaco, and Caltex. Additionally, Chevron Technology Ventures serves as the company's venture capital arm, investing in early-stage companies and emerging technologies to enhance operational efficiency and foster future energy solutions, including renewable energy and advanced materials. Chevron is committed to developing technology for hydrogen-powered fuel cells and other sustainable energy resources while maintaining a strong focus on traditional oil and gas operations.

Karl Allen

Principal

Kemal Anbarci

Vice President and Managing Executive

Paul Bennett

Vice President and Treasurer

Nicholas Brumvele

Investor

Thomas Bunting

Principal

Barbara Burger

President

JB Clavaud

Investor

Stuart Coleman

Principal

Edem Dzakpasu

Principal

Chevron Equipment Finance

Finance Broker

Niaz Faruqui

Principal

Nabeel Hasnain

Principal

James Johnson

Executive Vice President and Executive

Pawel Konzal

Investor

Bruce L. Niemeyer

Vice President, Strategic Planning

Ryan Owen

Investor

Rich Pardoe

Venture Executive

Luca Rigo de Righi

Investor

Michael K. Wirth

Chairman of the Board and CEO

Past deals in Oilfield Services

Ocergy

Series A in 2021
Ocergy is focusing on the development of complex ocean systems solving energy and environmental challenges. OCG-Wind is a low-cost foundation supporting the new generation of very large offshore wind turbines. The innovative hull allows the platform to have a very light weight, a necessity to reduce LCOE. It is tailored towards ease of industrialization, to bring flexibility in fabrication and increase the use of a local supply chain in the project fabrication life cycle.OCG-Data is an innovative multi-disciplinary ocean observer for complete offshore site assessment. It has enough footprint to host and power multiple instrumentation packages for resource and environmental characterization. Underwater biodiversity monitoring relies on the combination of restoration technologies and passive acoustic monitoring arrays. The buoy also hosts a bird and bat detection and identification system. OCG-Data provides high-quality data including ecological information for stakeholders' engagement.

Noble Energy

Acquisition in 2020
Noble Energy is an independent oil and natural gas exploration and production company. The Company operates a high-quality portfolio of assets onshore in the United States and offshore in the Eastern Mediterranean and off the west coast of Africa.

Veros Systems

Series C in 2020
Veros Systems enables industrial customers to maximize production by providing actionable intelligence on their electrically-driven machines. Their web-based Predictive Intelligence Platform uses completely nonintrusive monitors that can be installed in hours. PIP offers real-time predictive reliability and energy efficiency intelligence on electromechanical systems, and seamlessly integrates with leading Enterprise Asset Management applications. At last, engineers, managers, and executives have a means to see the future: to plan better, reduce costs, and improve a facility’s overall availability.

Ingu

Series A in 2019
Ingu Solutions Inc., based in Calgary, Canada, specializes in the development of miniaturized mobile sensors designed for pipeline inspection. The company has introduced Pipers, an innovative screening tool that identifies risks and performance issues in pipelines. This technology is capable of detecting and locating leaks, geometric defects, magnetic anomalies, and deposits in pipelines as small as 2 inches in diameter. By facilitating inline inspections that can occur more frequently and at a lower cost, Ingu Solutions addresses the challenges posed by aging pipeline infrastructure and the limitations of traditional inspection methods. Their self-serve inspection model significantly reduces engineering and downtime costs, making pipeline integrity programs more accessible for a diverse range of clients. Ingu Solutions' approach enables continuous access to real-time condition-critical data, empowering clients to enhance their planning and decision-making processes.

Veros Systems

Series A in 2014
Veros Systems enables industrial customers to maximize production by providing actionable intelligence on their electrically-driven machines. Their web-based Predictive Intelligence Platform uses completely nonintrusive monitors that can be installed in hours. PIP offers real-time predictive reliability and energy efficiency intelligence on electromechanical systems, and seamlessly integrates with leading Enterprise Asset Management applications. At last, engineers, managers, and executives have a means to see the future: to plan better, reduce costs, and improve a facility’s overall availability.

Ziebel

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.

Veros Systems

Series A in 2013
Veros Systems enables industrial customers to maximize production by providing actionable intelligence on their electrically-driven machines. Their web-based Predictive Intelligence Platform uses completely nonintrusive monitors that can be installed in hours. PIP offers real-time predictive reliability and energy efficiency intelligence on electromechanical systems, and seamlessly integrates with leading Enterprise Asset Management applications. At last, engineers, managers, and executives have a means to see the future: to plan better, reduce costs, and improve a facility’s overall availability.

Zilift

Venture Round in 2012
ZiLift Limited, an oil and gas technology company, develops magnet technologies to put downhole pumps. The company provides TorqueDrive, a down-hole drive for progressing cavity pumps using permanent magnet motor and gear technologies; and SpeedDrive technology, a centrifugal pump designed for deploying on cable through the production tubing. The company was incorporated in 2009 and is based in Aberdeen, United Kingdom with a location in Bakersfield, California.

Atlas Energy

Acquisition in 2010
Atlas Energy Group, LLC is engaged in the development and production of natural gas, crude oil, and natural gas liquids across various regions in the United States. The company has significant interests in the Eagle Ford Shale in southern Texas, the Marble Falls play in the Fort Worth Basin, and the Mississippi Lime play in northwestern Oklahoma. Additionally, Atlas Energy focuses on the Appalachian Basin for its natural gas production. It sponsors and manages tax-advantaged investment partnerships to finance the exploration and development of its properties. Founded in 2011 and headquartered in Fort Worth, Texas, Atlas Energy aims to leverage its assets and partnerships to enhance its operational capabilities in the energy sector.

Stingray Geophysical

Venture Round in 2010
Stingray Geophysical specializes in delivering seismic Permanent Reservoir Monitoring (PRM) solutions tailored for the global oil and gas industry. The company's offerings enable clients to monitor critical parameters such as the movement, levels, and pressure of hydrocarbons within reservoirs. By providing reliable and cost-effective technologies, Stingray Geophysical helps oil and gas companies enhance production efficiency, increase hydrocarbon reserves, and mitigate risks associated with reservoir management.

DynaPump

Series C in 2008
DynaPump, Inc. specializes in the manufacture, sale, and servicing of surface-mounted artificial lift systems designed for the oil and gas industry, aiming to enhance the production efficiency of oil and gas wells. Established in 1992, the company commenced commercial operations in 1999 and has successfully sold over 400 units across various regions, including North America, South America, and the Middle East. DynaPump's product offerings include pumping units that incorporate hydraulic cylinders, pulley systems, and gas reservoirs, as well as power units featuring hydraulic pump systems and control centers. The company provides support through its own service centers in the United States and utilizes local distributors for international sales and service.

DynaPump

Series C in 2007
DynaPump, Inc. specializes in the manufacture, sale, and servicing of surface-mounted artificial lift systems designed for the oil and gas industry, aiming to enhance the production efficiency of oil and gas wells. Established in 1992, the company commenced commercial operations in 1999 and has successfully sold over 400 units across various regions, including North America, South America, and the Middle East. DynaPump's product offerings include pumping units that incorporate hydraulic cylinders, pulley systems, and gas reservoirs, as well as power units featuring hydraulic pump systems and control centers. The company provides support through its own service centers in the United States and utilizes local distributors for international sales and service.

SpectraSensors

Series C in 2007
SpectraSensors, Inc. manufactures precision optical laser-based gas analyzers primarily for the energy and petrochemical sectors. The company's product offerings include a range of analyzers designed for air monitoring, moisture, dew point, and hydrogen sulfide detection, suitable for applications in natural gas pipelines, petrochemical refineries, and chemical processing. SpectraSensors' gas analyzers can measure various gas concentrations, including moisture, carbon dioxide, hydrogen sulfide, methane, ammonia, and ethylene oxide. Additionally, the company provides communication software systems for data acquisition and monitoring, enhancing operational efficiency in custody transfer metering. With an international distribution network, SpectraSensors serves clients across North America, Europe, the Pacific Rim, Australia, and Asia. Founded in 1998, it is headquartered in Houston, Texas, and has engineering, design, and manufacturing operations in Rancho Cucamonga, California. In 2012, the company was acquired by Endress+Hauser, a global leader in industrial measurement instrumentation and solutions.

OpenSpirit

Venture Round in 2007
OpenSpirit specializes in providing integration solutions for upstream applications and data within the oil and gas industry. Its core product, the OpenSpirit application integration framework, facilitates interoperability among various vendors' applications and data sources. This enables end users to efficiently manage critical workflows and conduct essential analyses in the geotechnical sector. By focusing on optimizing workflows rather than just specific software or hardware technologies, OpenSpirit enhances productivity and adds economic value to data sets, ultimately supporting users in maximizing the effectiveness of their operations.

SUB ONE TECHNOLOGY

Series B in 2006
Sub-One Technology, Inc. manufactures and sells treatments for internal surfaces. The company offers InnerArmor coatings, which provide hardness, wear resistance, corrosion control, erosion resistance, and temperature resistance in corrosive or erosive environments, as well as capable of depositing carbon-based coatings, metals, and oxides; and diamondoid coatings made from nanometer-sized carbon-based materials and found in petroleum for internal and external coatings. It also designs and manufactures a range of InnerArmor coating systems primarily to coat the interiors of long tubular products, such as industrial pipes; and a range of coating systems to accommodate various lengths and shapes of products to be coated. Its InnerArmor technology is applied for coating the interiors of industrial piping, exhaust systems, chemical delivery systems, and gas cylinders, as well as precision components, couplers, and medical devices. The company serves large companies in oil and gas/energy, chemical processing, industry and specialty gas, automotive, food processing, pulp and paper, medical, semiconductor, aerospace, public utilities, geothermal, and metals production industries. It markets its products through commercial coating service providers worldwide. The company was founded in 2004 and is headquartered in Pleasanton, California.

Stingray Geophysical

Series A in 2006
Stingray Geophysical specializes in delivering seismic Permanent Reservoir Monitoring (PRM) solutions tailored for the global oil and gas industry. The company's offerings enable clients to monitor critical parameters such as the movement, levels, and pressure of hydrocarbons within reservoirs. By providing reliable and cost-effective technologies, Stingray Geophysical helps oil and gas companies enhance production efficiency, increase hydrocarbon reserves, and mitigate risks associated with reservoir management.

Stingray Geophysical

Venture Round in 2006
Stingray Geophysical specializes in delivering seismic Permanent Reservoir Monitoring (PRM) solutions tailored for the global oil and gas industry. The company's offerings enable clients to monitor critical parameters such as the movement, levels, and pressure of hydrocarbons within reservoirs. By providing reliable and cost-effective technologies, Stingray Geophysical helps oil and gas companies enhance production efficiency, increase hydrocarbon reserves, and mitigate risks associated with reservoir management.

Unocal

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