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 is a Houston-based company, founded in 2016, that specializes in blockchain-based smart contract services. The company offers a unique Blockchain-as-a-Service platform that automates the execution of smart contracts by utilizing standardized data collected from real-time sensors and operational systems. This platform enhances operational efficiency by enabling enterprises to validate and automate transactions, thus eliminating payment delays and disputes. Data Gumbo serves clients primarily in the oil and gas industry, but its solutions are applicable across various sectors, promoting transparency and accountability in business transactions. The company's technology integrates distributed ledger capabilities with IoT data, allowing organizations to manage contracts with greater certainty while simplifying compliance with environmental, social, and governance standards. With additional offices in Stavanger, Norway, Data Gumbo aims to transform the way companies transact by increasing operational visibility and reducing the need for audits.

Beam

Series B in 2022
Rovco Ltd is a company based in Bristol, United Kingdom, specializing 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 clients in the oil, gas, and renewable energy sectors by offering advanced technologies that enhance the management and inspection of subsea assets. The company's innovative solutions include 3D photogrammetry, which creates detailed 3D models from high-resolution photographs, allowing clients to assess their assets for damage, corrosion, and marine growth. By leveraging artificial intelligence and machine learning, Rovco provides autonomous subsea robotics and advanced inspection capabilities, enabling clients to make informed engineering decisions and undertake preventative maintenance, thereby reducing project risks and costs.

Interface Fluidics

Series B in 2021
Interface Fluidics is an international technology company specializing in reservoir fluid analysis services aimed at optimizing oil production. Utilizing a proprietary nanofluidic technology platform, the company enables oil and gas producers to gain deeper insights into their reservoirs, thereby enhancing their confidence in production decisions. Through its expertise in microfluidic reservoir modeling and fluid characterization, Interface Fluidics evaluates the effectiveness of new processes and provides critical fluid analysis services. This innovative approach helps clients visualize fluid interactions and ultimately increases productivity in the oil and gas sector.

Data Gumbo

Series B in 2021
Data Gumbo Corporation is a Houston-based company, founded in 2016, that specializes in blockchain-based smart contract services. The company offers a unique Blockchain-as-a-Service platform that automates the execution of smart contracts by utilizing standardized data collected from real-time sensors and operational systems. This platform enhances operational efficiency by enabling enterprises to validate and automate transactions, thus eliminating payment delays and disputes. Data Gumbo serves clients primarily in the oil and gas industry, but its solutions are applicable across various sectors, promoting transparency and accountability in business transactions. The company's technology integrates distributed ledger capabilities with IoT data, allowing organizations to manage contracts with greater certainty while simplifying compliance with environmental, social, and governance standards. With additional offices in Stavanger, Norway, Data Gumbo aims to transform the way companies transact by increasing operational visibility and reducing the need for audits.

Seekops

Series B in 2021
SeekOps Inc. is a company based in Austin, Texas, that specializes in leak detection services for the oil and gas sector. Incorporated in 2017, it focuses on developing advanced gas sensing technology and data solutions aimed at enhancing greenhouse gas emissions reporting for energy customers. SeekOps provides quantification and handheld concentration measurement services, utilizing small unmanned aerial vehicles equipped with sensors that detect natural gas emissions with high accuracy and minimal false positives. The company's innovative approach allows for the localization of methane emissions and precise quantification, thereby enabling clients to improve their emissions measurement and reporting standards while addressing environmental, health, and safety concerns. SeekOps serves a diverse clientele both in the United States and internationally.

Data Gumbo

Series B in 2020
Data Gumbo Corporation is a Houston-based company, founded in 2016, that specializes in blockchain-based smart contract services. The company offers a unique Blockchain-as-a-Service platform that automates the execution of smart contracts by utilizing standardized data collected from real-time sensors and operational systems. This platform enhances operational efficiency by enabling enterprises to validate and automate transactions, thus eliminating payment delays and disputes. Data Gumbo serves clients primarily in the oil and gas industry, but its solutions are applicable across various sectors, promoting transparency and accountability in business transactions. The company's technology integrates distributed ledger capabilities with IoT data, allowing organizations to manage contracts with greater certainty while simplifying compliance with environmental, social, and governance standards. With additional offices in Stavanger, Norway, Data Gumbo aims to transform the way companies transact by increasing operational visibility and reducing the need for audits.

Seekops

Series A in 2019
SeekOps Inc. is a company based in Austin, Texas, that specializes in leak detection services for the oil and gas sector. Incorporated in 2017, it focuses on developing advanced gas sensing technology and data solutions aimed at enhancing greenhouse gas emissions reporting for energy customers. SeekOps provides quantification and handheld concentration measurement services, utilizing small unmanned aerial vehicles equipped with sensors that detect natural gas emissions with high accuracy and minimal false positives. The company's innovative approach allows for the localization of methane emissions and precise quantification, thereby enabling clients to improve their emissions measurement and reporting standards while addressing environmental, health, and safety concerns. SeekOps serves a diverse clientele both in the United States and internationally.

Interface Fluidics

Series A in 2019
Interface Fluidics is an international technology company specializing in reservoir fluid analysis services aimed at optimizing oil production. Utilizing a proprietary nanofluidic technology platform, the company enables oil and gas producers to gain deeper insights into their reservoirs, thereby enhancing their confidence in production decisions. Through its expertise in microfluidic reservoir modeling and fluid characterization, Interface Fluidics evaluates the effectiveness of new processes and provides critical fluid analysis services. This innovative approach helps clients visualize fluid interactions and ultimately increases productivity in the oil and gas sector.

Data Gumbo

Series A in 2019
Data Gumbo Corporation is a Houston-based company, founded in 2016, that specializes in blockchain-based smart contract services. The company offers a unique Blockchain-as-a-Service platform that automates the execution of smart contracts by utilizing standardized data collected from real-time sensors and operational systems. This platform enhances operational efficiency by enabling enterprises to validate and automate transactions, thus eliminating payment delays and disputes. Data Gumbo serves clients primarily in the oil and gas industry, but its solutions are applicable across various sectors, promoting transparency and accountability in business transactions. The company's technology integrates distributed ledger capabilities with IoT data, allowing organizations to manage contracts with greater certainty while simplifying compliance with environmental, social, and governance standards. With additional offices in Stavanger, Norway, Data Gumbo aims to transform the way companies transact by increasing operational visibility and reducing the need for audits.

Nesh

Pre Seed Round in 2019
Nesh is a technology company that specializes in developing a smart assistant tailored for the oil, gas, chemicals, materials, and advanced manufacturing industries. Founded in 2017 and headquartered in Houston, Texas, Nesh leverages artificial intelligence and natural language processing to organize and make accessible the vast knowledge within enterprises. The platform allows users to obtain technical answers, market data, and insights in a conversational format, facilitating faster decision-making. It supports various workflows, including competitive benchmarking, market intelligence, and the scheduling and monitoring of activities. By autonomously updating from multiple sources, such as technical papers and social media feeds, Nesh enhances operational efficiency in oilfield management and provides commercial teams with tools to streamline their sales processes, improve customer interactions, and accelerate deal cycles. The company's innovative approach helps organizations maximize their existing knowledge and drive performance across sectors like specialty chemicals, life sciences, and advanced manufacturing.

Upwing Energy

Venture Round in 2018
Upwing Energy, Inc. is a technology developer focused on enhancing natural gas production through innovative artificial lift solutions. Incorporated in 2015 and headquartered in Cerritos, California, the company specializes in the Upwing Subsurface Compressor Systems, which optimize gas well performance by enabling higher drawdown at the compressor's suction, thereby increasing gas production and recoverable reserves while reducing energy consumption. Upwing's magnetic drive system further enhances oil production by leveraging magnetic technologies to drive and levitate the rotor on a retrievable string without requiring mechanical and electrical connections. This technology is applicable in both onshore and offshore subsea wells, positioning Upwing Energy as a leader in improving production and recovery rates from conventional and unconventional natural gas resources, ultimately aiming to maximize the economic returns for its clients. Upwing Energy operates as a subsidiary of Calnetix Technologies, LLC.

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 sector. Founded in 2004 and originally known as PumpWell Solutions Ltd., Ambyint develops advanced software that integrates artificial intelligence with traditional physics-based techniques to enhance production outcomes. Its key offerings include the Amplify Real-Time Controller, which provides real-time control and optimization capabilities, and the Infinity Optimization Platform, designed for real-time visualization and monitoring. The company's solutions automate diagnostic processes, adjust operational parameters, and predict failures, resulting in improved production efficiency and reduced lifting costs. Ambyint's technology can be deployed with existing supervisory control and data acquisition (SCADA) systems or through its High Resolution Adaptive Controllers, facilitating higher resolution data acquisition and automated control of artificial lift systems.

LUX Assure

Venture Round in 2016
LUX Assure Limited is a technology company based in Edinburgh, United Kingdom, specializing in the development of chemical monitoring solutions for the oil and gas industry. Founded in 2001, the company provides innovative technologies that enable the detection, measurement, and monitoring of chemical concentrations both offshore and onshore. Its flagship product, CoMic, helps clients determine the optimal dosage of corrosion inhibitors, while a range of testing kits offers onsite or offshore colorimetric analysis for monitoring scale, corrosion, and hydrate inhibitors in both water and hydrocarbons. LUX Assure's robust and highly sensitive solutions have been recognized within the industry, earning awards for their innovation and effectiveness in addressing the challenges of chemical monitoring during extraction processes. The company serves a diverse clientele in the United Kingdom and internationally.

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 is a Houston-based data analytics company that specializes in providing innovative solutions for the oil and gas industry, particularly in the development of shale resources. Established in 2012, the company develops proprietary software that predicts synthetic formation evaluation logs by leveraging data collected during the drilling process. Its key offerings include QLog, which generates a variety of synthetic logs such as shear, compressional, and density logs for both horizontal and vertical wells, and QFrac, which provides additional logs along with recommendations for engineered completion designs based on geomechanical interpretations. Quantico employs a skilled team with expertise in machine learning, petrophysics, and completion engineering, enabling it to enhance the quality and efficiency of data analytics for drilling operations. The company has also formed a strategic alliance with TARGET to further advance its capabilities in the industry.

LUX Assure

Funding Round in 2013
LUX Assure Limited is a technology company based in Edinburgh, United Kingdom, specializing in the development of chemical monitoring solutions for the oil and gas industry. Founded in 2001, the company provides innovative technologies that enable the detection, measurement, and monitoring of chemical concentrations both offshore and onshore. Its flagship product, CoMic, helps clients determine the optimal dosage of corrosion inhibitors, while a range of testing kits offers onsite or offshore colorimetric analysis for monitoring scale, corrosion, and hydrate inhibitors in both water and hydrocarbons. LUX Assure's robust and highly sensitive solutions have been recognized within the industry, earning awards for their innovation and effectiveness in addressing the challenges of chemical monitoring during extraction processes. The company serves a diverse clientele in the United Kingdom and internationally.

Verdande Technology

Venture Round in 2012
Verdande Technology, previously known as Volve AS, specializes in developing innovative products and services that facilitate the re-use of knowledge through advanced reasoning technology. Its core technology employs case-based reasoning, allowing users to address new challenges by leveraging solutions from similar past experiences. This approach is particularly beneficial for industries such as oil and gas, where the company provides tools that assist in interpreting drilling data. By identifying, capturing, and analyzing data patterns in real-time, Verdande Technology enables clients to predict future problems, diagnose issues, and uncover potentially impactful events. This capability empowers organizations to make informed decisions and enhance operational effectiveness.

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, previously known as Volve AS, specializes in developing innovative products and services that facilitate the re-use of knowledge through advanced reasoning technology. Its core technology employs case-based reasoning, allowing users to address new challenges by leveraging solutions from similar past experiences. This approach is particularly beneficial for industries such as oil and gas, where the company provides tools that assist in interpreting drilling data. By identifying, capturing, and analyzing data patterns in real-time, Verdande Technology enables clients to predict future problems, diagnose issues, and uncover potentially impactful events. This capability empowers organizations to make informed decisions and enhance operational effectiveness.

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.
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.