Equinor

Equinor is a Norway-based integrated energy company, established in 1972, that engages in the exploration, development, and production of oil and gas, as well as renewable energy sources like wind and solar power. It operates globally, with a significant presence on the Norwegian Continental Shelf, and produces a substantial amount of oil and gas, including refined products such as petrol, diesel, and natural gas. Additionally, Equinor invests in innovative companies through its venture capital arm, Equinor Ventures, focusing on energy, technology, and climate solutions, with a preference for minority stakes and a typical investment range of $1 million to $20 million.

Samuel Byrne

Vice President Operations, Renewables Americas

Kjersti Reinsnos

Managing Director

Sophie Hildebrand

SVP Research and Technology and CTO

Past deals in Oil and Gas

Suncor Energy

Acquisition in 2023
Suncor Energy Inc. is an integrated energy company based in Calgary, Canada, primarily focused on the development of petroleum resource basins in the Athabasca oil sands, one of the largest oil reserves globally. The company engages in the exploration, production, and marketing of crude oil both in Canada and internationally. Its operations are divided into several segments, including Oil Sands, which involves the recovery and upgrading of bitumen; Exploration and Production, which includes offshore activities in Canada and international assets; and Refining and Marketing, where crude oil is refined into various petroleum products marketed through its Petro-Canada retail network. Additionally, Suncor is committed to advancing the transition to a low-emissions future by investing in renewable energy sources and power generation, while also participating in energy trading activities related to crude oil and natural gas. Founded in 1917, Suncor has established itself as a significant player in the global energy market.

Sif Holding

Post in 2023
Sif Holding N.V. is a manufacturer and supplier of steel tubulars primarily for the offshore wind and oil and gas sectors. Founded in 1948 and headquartered in Roermond, the Netherlands, the company operates through three segments: Wind, Oil and Gas, and Other. Its product offerings include monopiles, jackets, and various foundation components essential for offshore structures. Sif has established a strong presence in the North Sea market, particularly in subsea structures for the oil and gas industry. Additionally, the company provides logistical services and facilities, mainly supporting the offshore wind industry. Sif serves a diverse range of clients, including developers, engineering and production contractors, and energy companies, both domestically and internationally.

Data Gumbo

Series C in 2022
Data Gumbo Corporation specializes in providing a blockchain-based smart contract service tailored for the oil and gas industry. Founded in 2016 and headquartered in Houston, Texas, with an additional office in Stavanger, Norway, the company offers a Blockchain-as-a-Service platform that collects and standardizes data to facilitate the execution of smart contracts on a configurable schedule. Its platform integrates real-time sensor data, enabling organizations to automate performance-based contracts and streamline transactions, thereby eliminating payment delays and disputes. By enhancing operational efficiencies and ensuring transparency, Data Gumbo's solutions help clients manage their financial operations more effectively. The company also focuses on sustainability by linking operational data to environmental, social, and governance standards, which aids in reducing contract leakage and improving capital management. Data Gumbo serves a global clientele across various industries, emphasizing security and accountability in transactions.

Rovco

Series B in 2022
Rovco Ltd is a company based in Bristol, United Kingdom, that specializes in underwater hydrographic survey and inspection services through the use of remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs). Founded in 2015, Rovco serves the oil, gas, and renewables industries by providing advanced technologies that optimize the management and inspection of subsea assets. The company employs artificial intelligence and machine learning to enhance its inspection capabilities, including 3D photogrammetry, which generates detailed 3D models from high-resolution images. This technology allows clients to assess their subsea assets for damage, corrosion, and marine growth, facilitating early insights that inform engineering decisions and support preventative maintenance. By offering these services, Rovco helps clients reduce costs and mitigate risks associated with their subsea operations.

Interface Fluidics

Series B in 2021
Interface Fluidics is an international technology company that specializes in reservoir fluid analysis services. Utilizing a proprietary nanofluidic technology platform, the company provides innovative solutions for oil and gas producers to enhance their understanding of reservoir properties. By focusing on microfluidic reservoir modeling and fluid characterization, Interface Fluidics evaluates the effectiveness of new processes and fluid interactions. This comprehensive analysis helps clients make informed production decisions and ultimately aims to optimize oil production and increase overall productivity in the industry.

Data Gumbo

Series B in 2021
Data Gumbo Corporation specializes in providing a blockchain-based smart contract service tailored for the oil and gas industry. Founded in 2016 and headquartered in Houston, Texas, with an additional office in Stavanger, Norway, the company offers a Blockchain-as-a-Service platform that collects and standardizes data to facilitate the execution of smart contracts on a configurable schedule. Its platform integrates real-time sensor data, enabling organizations to automate performance-based contracts and streamline transactions, thereby eliminating payment delays and disputes. By enhancing operational efficiencies and ensuring transparency, Data Gumbo's solutions help clients manage their financial operations more effectively. The company also focuses on sustainability by linking operational data to environmental, social, and governance standards, which aids in reducing contract leakage and improving capital management. Data Gumbo serves a global clientele across various industries, emphasizing security and accountability in transactions.

Seekops

Series B in 2021
SeekOps Inc. specializes in leak detection services for the oil and gas industry, offering advanced gas sensing technology and data solutions for greenhouse gas emissions reporting. Founded in 2017 and based in Austin, Texas, the company provides quantification and handheld concentration measurement services to both service providers and regulators in the United States and internationally. SeekOps utilizes drones and sensors to accurately detect, localize, and quantify natural gas emissions, minimizing false positives. By employing small unmanned aerial vehicles, the company enhances emissions measurement and reporting standards, contributing to improved environmental, health, and safety outcomes in the energy sector.

Data Gumbo

Series B in 2020
Data Gumbo Corporation specializes in providing a blockchain-based smart contract service tailored for the oil and gas industry. Founded in 2016 and headquartered in Houston, Texas, with an additional office in Stavanger, Norway, the company offers a Blockchain-as-a-Service platform that collects and standardizes data to facilitate the execution of smart contracts on a configurable schedule. Its platform integrates real-time sensor data, enabling organizations to automate performance-based contracts and streamline transactions, thereby eliminating payment delays and disputes. By enhancing operational efficiencies and ensuring transparency, Data Gumbo's solutions help clients manage their financial operations more effectively. The company also focuses on sustainability by linking operational data to environmental, social, and governance standards, which aids in reducing contract leakage and improving capital management. Data Gumbo serves a global clientele across various industries, emphasizing security and accountability in transactions.

Seekops

Series A in 2019
SeekOps Inc. specializes in leak detection services for the oil and gas industry, offering advanced gas sensing technology and data solutions for greenhouse gas emissions reporting. Founded in 2017 and based in Austin, Texas, the company provides quantification and handheld concentration measurement services to both service providers and regulators in the United States and internationally. SeekOps utilizes drones and sensors to accurately detect, localize, and quantify natural gas emissions, minimizing false positives. By employing small unmanned aerial vehicles, the company enhances emissions measurement and reporting standards, contributing to improved environmental, health, and safety outcomes in the energy sector.

Interface Fluidics

Series A in 2019
Interface Fluidics is an international technology company that specializes in reservoir fluid analysis services. Utilizing a proprietary nanofluidic technology platform, the company provides innovative solutions for oil and gas producers to enhance their understanding of reservoir properties. By focusing on microfluidic reservoir modeling and fluid characterization, Interface Fluidics evaluates the effectiveness of new processes and fluid interactions. This comprehensive analysis helps clients make informed production decisions and ultimately aims to optimize oil production and increase overall productivity in the industry.

Data Gumbo

Series A in 2019
Data Gumbo Corporation specializes in providing a blockchain-based smart contract service tailored for the oil and gas industry. Founded in 2016 and headquartered in Houston, Texas, with an additional office in Stavanger, Norway, the company offers a Blockchain-as-a-Service platform that collects and standardizes data to facilitate the execution of smart contracts on a configurable schedule. Its platform integrates real-time sensor data, enabling organizations to automate performance-based contracts and streamline transactions, thereby eliminating payment delays and disputes. By enhancing operational efficiencies and ensuring transparency, Data Gumbo's solutions help clients manage their financial operations more effectively. The company also focuses on sustainability by linking operational data to environmental, social, and governance standards, which aids in reducing contract leakage and improving capital management. Data Gumbo serves a global clientele across various industries, emphasizing security and accountability in transactions.

Nesh

Pre Seed Round in 2019
Nesh specializes in developing a conversational artificial intelligence platform tailored for the oil and gas, chemicals, materials, and advanced manufacturing industries. Founded in 2017 and headquartered in Houston, Texas, the company offers a smart assistant that organizes and makes accessible the collective knowledge within organizations, facilitating faster decision-making. Nesh's platform supports users by providing technical answers, market data, and insights while allowing them to schedule and monitor activities remotely. It enhances oilfield operations by autonomously updating insights from various sources, including technical papers and press releases. In the chemicals and advanced manufacturing sectors, Nesh equips commercial teams with tools to streamline processes such as product comparisons, regulatory compliance, and lead generation. By leveraging AI, the platform helps sales representatives improve performance, close deals more efficiently, and reduce onboarding time, ultimately driving revenue growth and enhancing customer interactions.

Upwing Energy

Venture Round in 2018
Upwing Energy, Inc. specializes in artificial lift technology designed to enhance gas production in both conventional and unconventional wells. The company offers innovative solutions, including the Upwing Subsurface Compressor Systems, which improve gas well performance by allowing higher drawdown and increasing recoverable reserves while reducing energy consumption. Its magnetic drive system leverages advanced magnetic technologies to drive and levitate the rotor within a retrievable string, eliminating the need for mechanical or electrical connections to enhance oil production. Upwing Energy's products are applicable in both onshore and offshore subsea wells. Founded in 2015 and headquartered in Cerritos, California, Upwing Energy operates as a subsidiary of Calnetix Technologies, LLC. The company's mission is to maximize production and recovery rates for natural gas resources globally, ultimately increasing its customers' economic returns on production assets.

Petrobras

Post in 2017
Petrobras is a Brazil-based integrated energy company, established in 1953 and controlled by the Brazilian government. The company specializes in the exploration and production of oil and gas, primarily in offshore fields, where it has developed advanced technology for deep and ultra-deep water extraction. In 2023, Petrobras produced 2.8 million barrels of oil equivalent per day, with oil making up 80% of this output, and its reserves totaled 10.9 billion barrels of oil equivalent, consisting of 85% oil. Petrobras operates ten refineries in Brazil, with a combined capacity of 1.8 million barrels per day, and is involved in the distribution of refined products and natural gas across the country. The company is recognized for its commitment to socio-environmental responsibility and has been listed on the Dow Jones Sustainability Index since 2006, reflecting its focus on improving corporate governance and adhering to international transparency standards.

Ambyint

Series A in 2017
Ambyint Inc. is a Calgary-based company that specializes in artificial lift optimization solutions for exploration and production (E&P) companies in the oil and gas industry. Founded in 2004 and previously known as PumpWell Solutions Ltd., Ambyint offers advanced software products, including the Amplify Real-Time Controller and the Infinity Optimization Platform. These solutions leverage artificial intelligence and physics-based analytics to automate diagnostics, adjust operating parameters, and predict potential failures, thereby enhancing production and reducing operating expenses. Ambyint's technology integrates with existing supervisory control and data acquisition (SCADA) systems or can be utilized with its High Resolution Adaptive Controllers, enabling improved data acquisition and automated control of artificial lift systems. With over a decade of domain expertise, Ambyint aims to deliver significant improvements in production outcomes and operational efficiency for its clients.

LUX Assure

Venture Round in 2016
LUX Assure Limited specializes in developing and delivering advanced chemical monitoring technologies for the oil and gas industry, both offshore and onshore. The company offers innovative solutions such as CoMic, which helps determine the optimal dosage of corrosion inhibitors, and a variety of testing kits that facilitate onsite or offshore colorimetric analysis. Their products are designed to monitor chemical concentrations, including scale, corrosion, and hydrate inhibitors in water and hydrocarbons. Established in 2001 and based in Edinburgh, United Kingdom, LUX Assure has gained recognition for its robust and user-friendly technologies, earning awards for innovation within the industry. The company serves clients in the UK and internationally, providing essential tools for effectively managing chemical usage in extraction processes.

Corvus Energy

Corporate Round in 2015
Corvus Energy Ltd. is a Canadian company specializing in the research, development, manufacture, and supply of energy storage solutions for the marine, oil and gas, and port sectors. Established in 2009 and headquartered in Richmond, the company focuses on delivering advanced lithium-ion battery technologies that create modular energy storage systems. These systems are designed to offer consistent and economical power for hybrid and all-electric maritime applications, including cruise ships, ferries, offshore vessels, and heavy industrial machinery. In addition to its energy storage products, Corvus Energy provides a range of services such as technical support, spare parts, extended warranties, field service, and training. The company's innovative solutions are recognized for enhancing operational efficiency and promoting clean energy leadership in the industry.

Quantico Energy Solutions

Series A in 2015
Quantico Energy Solutions LLC, based in Houston, Texas, specializes in providing data analytics solutions tailored for the oil and gas industry, particularly in the development of shale resources. Founded in 2012, the company develops proprietary software designed to predict synthetic formation evaluation logs using data typically gathered during the drilling process. Its flagship products include QLog, which offers a suite of synthetic logs for horizontal and vertical wells, and QFrac, which provides additional logs along with recommendations for engineered completion designs based on geomechanical property interpretations. By employing a team of experts in machine learning, petrophysics, and completion engineering, Quantico Energy Solutions aims to enhance the quality and efficiency of data analytics for drilling companies, leveraging artificial intelligence to integrate seismic and well-log data for better predictive outcomes. The company also maintains a strategic alliance with TARGET to further its capabilities in the industry.

LUX Assure

Funding Round in 2013
LUX Assure Limited specializes in developing and delivering advanced chemical monitoring technologies for the oil and gas industry, both offshore and onshore. The company offers innovative solutions such as CoMic, which helps determine the optimal dosage of corrosion inhibitors, and a variety of testing kits that facilitate onsite or offshore colorimetric analysis. Their products are designed to monitor chemical concentrations, including scale, corrosion, and hydrate inhibitors in water and hydrocarbons. Established in 2001 and based in Edinburgh, United Kingdom, LUX Assure has gained recognition for its robust and user-friendly technologies, earning awards for innovation within the industry. The company serves clients in the UK and internationally, providing essential tools for effectively managing chemical usage in extraction processes.

Verdande Technology

Venture Round in 2012
Verdande Technology, formerly known as Volve AS, specializes in developing products and services aimed at reusing knowledge through case-based reasoning. This innovative approach enables organizations, particularly in the oil and gas sector, to analyze drilling data effectively. By identifying and capturing data patterns in real-time, the company's technology helps clients make informed drilling decisions by leveraging insights from past events. This capability allows for the prediction of future problems, the diagnosis and correction of current issues, and the identification of new potential impacts, ultimately supporting smarter decision-making processes across various industries.

Brigham Exploration

Acquisition in 2011
Brigham is an independent exploration and production company that applies 3-D seismic imaging and other advanced technologies to systematically explore and develop onshore domestic natural gas and oil provinces. With this focus, Brigham has achieved rapid growth in reserves, potential drilling locations and 3-D seismic data.

Verdande Technology

Seed Round in 2007
Verdande Technology, formerly known as Volve AS, specializes in developing products and services aimed at reusing knowledge through case-based reasoning. This innovative approach enables organizations, particularly in the oil and gas sector, to analyze drilling data effectively. By identifying and capturing data patterns in real-time, the company's technology helps clients make informed drilling decisions by leveraging insights from past events. This capability allows for the prediction of future problems, the diagnosis and correction of current issues, and the identification of new potential impacts, ultimately supporting smarter decision-making processes across various industries.

Tampnet

Acquisition in 2001
Tampnet operates the largest offshore high-capacity communication network globally, primarily serving the North Sea and the Gulf of Mexico. The company provides robust and reliable connectivity to over 350 oil and gas platforms, floating production storage and offloading units (FPSOs), and exploration rigs. Tampnet's infrastructure includes fiber optic cables, 4G base stations, and microwave links, facilitating high-speed and low-latency data transmission. By connecting offshore assets to a terrestrial network, Tampnet enhances the quality, health, safety, efficiency, and welfare of its customers' operations. The company's vision is to establish itself as a global leader in offshore connectivity, focusing on adding value through resilient communication solutions tailored for mobile rigs and vessels.
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