EV Private Equity

Founded in 2002, EV Private Equity is an impact investment company headquartered in Stavanger, Norway, with additional offices in Aberdeen and Houston. The firm specializes in investing in sustainable, medium-sized technology businesses primarily in Europe and North America, focusing on sectors such as energy equipment, exploration, production, refining, and energy services. With a track record of over 4,000 deals, EV Private Equity has made thirty-seven investments and successfully exited eighteen companies. The company is staffed by professionals with extensive experience in the industry, investment, and transactions, supported by a broad network within the oil and gas sector. Through its commitment to sustainability and innovation, EV Private Equity aims to drive growth and create long-term value for its portfolio companies.

Saige Andreychuk

Analyst

Pelle Bildtsen

CFO

Einar Gamman

Senior Partner

Victoria Gammie

Senior Analyst

Gregory Herrera

Senior Partner and Head

Greg Herrera

Senior Partner

Tomas Hvamb

Senior Partner

Kjell E. Jacobsen

Executive Chairman

Rune Jensen

Senior Partner

Rajat Maheshwari

Investment Director

Craig McManus

Associate

Ole Melberg

Founder, Managing Partner

Espen Strøm

Senior Partner

Lars Sund

Associate

Helge Tveit

Managing Partner and Co-Founder

Ellenor Twigden

Senior Analyst

64 past transactions

Noova Energy Systems

Private Equity Round in 2022
Noova Energi System offers energy management services aimed at helping customers reduce costs associated with power consumption. By utilizing a platform that actively collects and analyzes energy-related data, Noova provides clients with a comprehensive overview of their electricity usage. This enables users to monitor consumption patterns throughout the day and night, identifying illogical consumption and opportunities for smarter energy use. Through its services, Noova supports clients in minimizing energy waste and optimizing their energy efficiency.

Trainor certification

Acquisition in 2020
Trainor is an international specialist company offering training, consultancy services and hire of qualified personnel within the areas of electrical safety, automation and processes within the oil and gas sector.

Trainor

Private Equity Round in 2020
Trainor is an international professional service company that specializes in providing consultancy, technical training, and qualified personnel across various sectors. It offers a range of educational services, including classroom courses and e-learning, focusing on fields such as electro-technology, electrical installation in hazardous areas, automation, and health, safety, and environmental regulations. Additionally, Trainor develops an online training platform aimed at enhancing professional behavior and safety standards in offshore, maritime, and land-based industries. The company emphasizes the importance of tailored training solutions, ensuring that courses and technical advice are continuously updated to meet the specific needs of its clients. Through its control and measurement department, Trainor also assists in performing measurements of electrode systems and bonding conductors in earthing systems.

Autobon AI

Pre Seed Round in 2019
Autobon Holdings, Inc. develops vehicle assistance software aimed at enhancing fuel efficiency, safety, and operational effectiveness for truckers and fleet owners. The company offers technologies such as Autobon Visor and CargoCam, which facilitate the tracking and monitoring of cargo and trucks. Additionally, Autobon focuses on upgrading existing semi-trucks into safer and more automated vehicles through a low-cost autopilot platform that incorporates self-driving and advanced logistics features. By leveraging artificial intelligence, Autobon's systems provide intelligent tracking assistance and integrate vehicle telematics with custom transportation management systems, enabling fleet owners to improve efficiency, reduce accidents, and lower fuel consumption. Established in 2016 and based in Rolling Meadows, Illinois, Autobon was formerly known as Autobon AI, Inc. before rebranding in December 2017.

SecondKeys

Pre Seed Round in 2019
SecondKeys, Inc. is a property management software developer based in Memphis, Tennessee, founded in 2018. The company offers a comprehensive platform designed to enhance property maintenance through a predictive maintenance system. This system simplifies the maintenance process for property owners and tenants by providing an automated schedule for preventive maintenance, facilitating the management of maintenance requests, and tracking repair frequencies. SecondKeys aims to minimize costly repairs by identifying smaller maintenance issues before they escalate. Its platform also includes tools for contractor sourcing and bid comparison, promoting accountability and efficiency throughout the property management ecosystem.

Motive Offshore Group

Private Equity Round in 2019
Motive Offshore Group is a manufacturer and provider of marine equipment tailored for the oil and gas industry, as well as the marine and renewables sectors. The company specializes in the fabrication and rental of high-capacity winches and umbilical deployment equipment, offering a diverse range of products that enhance operational efficiency and vessel uptime. In addition to its equipment offerings, Motive provides rental packages that include back deck equipment spreads and quayside transport services. The company's engineering capabilities encompass welding, fabricating, machining, painting, and testing, allowing it to meet the specific needs of clients engaged in both onshore and offshore operations while aiming to minimize greenhouse emissions.

Bluware

Private Equity Round in 2018
Bluware specializes in advanced computing technologies designed for the energy sector, particularly in the management and interpretation of seismic data. The company offers a range of software development services, creating business and scientific applications across various programming languages. Additionally, Bluware provides technology consulting that focuses on enhancing the exploration of subsurface data by overcoming challenges related to data size and interpretation software. Its proprietary compression and computing technology streamlines data acquisition, storage, and utilization, leveraging cloud solutions and deep learning to facilitate informed decision-making. Furthermore, Bluware assists clients in implementing and integrating enterprise applications while also offering expertise in network infrastructure, security, and disaster recovery planning.

Enpro Subsea

Private Equity Round in 2018
Enpro Subsea Ltd is a UK-based company founded in 2011, specializing in the development of subsea production optimization and intervention technologies. The company manufactures equipment designed to enhance hydrocarbon production, including systems for multiple metering, pumping, fluid sampling, and flow assurance. Enpro Subsea also provides standalone services for liquid intervention and production sampling, as well as attic oil recovery and decommissioning solutions. Their expertise extends to field development economics and project management support, ensuring capital-efficient and flexible development of subsea fields. With a focus on innovative hardware and intervention systems, Enpro Subsea plays a critical role in the recovery of oil from subsea wells, addressing the complex challenges of deepwater operations. The company operates from its headquarters in Aberdeen, United Kingdom.

Rival Downhole Tools

Private Equity Round in 2017
Rival Downhole Tools specializes in the development and manufacturing of downhole drilling and workover tools tailored for the oil and gas industry. The company engages in extensive research and development projects, along with design and engineering efforts to create innovative and reliable tools. Their offerings include a range of services such as licensing, patenting, manufacturing, testing, product verification, as well as sales and maintenance of various equipment. By focusing on quality and performance, Rival Downhole Tools equips oilfield companies to operate effectively in diverse conditions, ensuring a competitive advantage while upholding strict confidentiality in their operations.

Workover Solutions

Private Equity Round in 2017
Workover Solutions, Inc. specializes in providing thru-tubing tools, services, and personnel for the completion, workover, and gas storage markets. Established in 2011 and headquartered in Conroe, Texas, the company designs and manufactures advanced thru-tubing tools, including the XTENDR, IMPACTR, and HAMMR Drill. In addition to tool manufacturing, Workover Solutions offers a range of services such as milling, toe preparation, cleanouts, fishing, acidizing, gas storage, and inspection work. With additional offices in North Dakota, West Virginia, Pennsylvania, and Texas, the company focuses on enhancing productivity and safety for oil exploration and production companies while reducing operational costs through its innovative solutions.

Evolution Engineering

Private Equity Round in 2017
Evolution Engineering Inc. is a manufacturer specializing in measurement while drilling (MWD) products designed for the oil and gas industry. Founded in 2011 and based in Calgary, Canada, the company develops advanced unified telemetry systems that integrate mud pulse and multi-channel telemetry technologies. Their product offerings include the EVO ONE Unified Telemetry system, EVO EM, and EVO PULSE, which are engineered to facilitate accurate downhole drilling operations. These systems support challenging drilling conditions and provide high data transmission rates, signal strength, and sophisticated decoding algorithms. Additionally, Evolution Engineering provides various engineering services and tools such as EVO HSS for highside calculations and a platform for MWD self-deployment, along with wireless communication services through EVO URx and EVO INTERCOM. The company is committed to delivering reliable and cost-effective telemetry solutions while ensuring safety and environmental responsibility in drilling operations.

Aquaterra Energy

Private Equity Round in 2017
Aquaterra Energy Ltd. is a provider of offshore engineering solutions and technical support to the oil and gas industry, both in the United Kingdom and internationally. Established in 2005 and based in Aberdeen, the company specializes in riser systems, offering a range of products and services including riser analysis, subsea and surface riser systems, connectors, and vortex induced vibration suppression systems. Aquaterra also develops solutions for offshore structures, such as sea swift platforms and subsea protective structures, and provides various services and rental equipment, including tension systems and heavy lifting tools. With additional offices in cities like Cairo, Houston, and Dubai, Aquaterra Energy aims to enhance operational efficiency and reduce costs for its clients throughout the lifecycle of oil and gas projects, from initial development to decommissioning.

WellConnection Group

Acquisition in 2015
WellConnection Group specializes in inspection, maintenance, and repair services for drilling and subsea equipment on the Norwegian Continental Shelf. With strategic locations in Stavanger, Mongstad, and Kristiansund, the company is equipped with substantial production facilities and machinery to meet client demands for efficient, comprehensive IMR services. WellConnection offers a range of services, including high-pressure cleaning, inspection, machining, hard banding, storage, and logistics, aimed at enhancing operational uptime and ensuring the integrity of life-critical assets. The company's commitment to reusing resources and limiting carbon emissions underlines its dedication to safe and efficient operations for its clients.

Ingrain

Venture Round in 2015
Ingrain, Inc. specializes in rock characterization technology services for the upstream oil and gas industry, catering to super majors, independents, national oil sectors, government agencies, and service companies globally. Founded in 2007 and headquartered in Houston, Texas, with additional offices in Brazil, the UAE, Kuwait, and Colombia, Ingrain offers a range of advanced technological solutions. Its CoreHD platform provides high-definition imaging of whole cores, while ReconHD analyzes drilling cuttings for elemental and mineralogical data. The company’s ZoneID technology targets shale rock characteristics through micro-CT and mineralogical analysis, and PoreHD computes critical rock properties such as permeability and porosity. Ingrain also conducts joint industry reservoir characterization studies and maintains a digital core library, which assists operators in identifying productive formations and understanding rock properties and their relationships within various shale plays. By leveraging digital scanning and analysis, Ingrain delivers valuable petrophysical insights that inform commercial decision-making for its clients.

Hannon Westwood

Venture Round in 2015
Hannon Westwood is a specialized advisory firm that has been serving the oil and gas industry for over 18 years, providing expert guidance and insights to drive strategic investments. Founded in 1993 by Jim Hannon and Charles Westwood, the company boasts a team of over 20 professionals with extensive experience in exploration and production, as well as geo-technical fields. Hannon Westwood offers a comprehensive suite of bespoke intelligence and business development services, supported by a proprietary database that includes detailed information on over 4,000 working interests, 1,500 prospects, and 425 discoveries within the UK Continental Shelf. The firm is frequently sought after for expert commentary by both the UK Government and industry leaders, reflecting its reputation as a trusted resource in the sector. Over the past five years, Hannon Westwood has facilitated investments totaling $3.5 billion, highlighting its significant role in shaping the future of oil and gas exploration and development.

Romar

Venture Round in 2014
Romar International Ltd., established in 2000 and headquartered in Ellon, UK, specializes in magnetic separation products and services for the global offshore oil and gas industry. Its offerings include mud spill prevention products, pump skids, hydraulic power units, and solutions for safe metal contamination removal. Additionally, Romar provides technical support, project services, and the ROMAR Packer Management System, which monitors inflatable packers to prevent mud spills, ensuring environmental safety. As of 2014, Romar operates as a subsidiary of Front Row Energy Partners Ltd.

FourPhase

Venture Round in 2014
FourPhase is a Norwegian company specializing in the design and development of desander technology for the oil and gas industry. Founded in 2012 and based in Os, Norway, FourPhase provides innovative solutions for the removal of sand and sediments, which enhances oil and gas production efficiency. Its product offerings include single and double desanders, choke manifolds, valve skids, and pressure test units, all designed to address various applications in oil and gas extraction, such as well intervention and zero flaring operations. Utilizing patented cyclone technology, FourPhase's systems are engineered to improve operational efficiency while also minimizing costs. The company's advanced solids management systems have been demonstrated to significantly extend the life of oil and gas wells and increase recovery rates, making FourPhase a pivotal player in the sector.

Ziebel AS

Venture Round in 2014
Ziebel AS, founded in 2006 and headquartered in Tananger, Norway, specializes in well intervention services for the global oil and gas industry. The company is known for its innovative Z-System technology, which incorporates a fiber optic composite rod to enable real-time access and visualization of well bores. This technology facilitates various applications, such as Distributed Temperature Sensing (DTS) for leak detection and water ingress identification, as well as Distributed Acoustic Sensing (DAS) for monitoring fluid movement and identifying flow patterns. Ziebel's offerings include the Z-Rod and Z-Line systems, designed to deliver quality data through safe deployment in producing or injecting wells. Additionally, Ziebel maintains a collaborative platform, Z-Community, to provide employees and partners with access to resources and training. The company also has an office in Houston, United States, reinforcing its presence in the international market.

SageRider

Venture Round in 2013
SageRider Inc. is an industrial company based in Stafford, Texas, specializing in providing technical solutions for the oil and gas sector. As a subsidiary of Madison Industries, SageRider focuses on subsurface surveillance technology, fiber optics, and reservoir evaluation. The company's innovative and cost-efficient products and services are designed to enhance data collection methods, helping clients achieve significant cost savings by maximizing production and optimizing overall field development. SageRider is committed to delivering effective solutions that cater to the specific needs of its industry, ensuring that clients can maximize the value of their assets. For further inquiries, details are available on their website.

Reach Production Solutions

Venture Round in 2013
Reach Production Solutions is a company based in Houston, Texas, specializing in advanced compression solutions that enhance the production of oil and gas wells. Founded in 2009, it provides innovative technologies for multiphase wells, offering a swift and effective alternative to traditional artificial lift methods. The company's services encompass the evaluation and simulation of well portfolios, as well as the installation, operation, monitoring, and maintenance of its systems throughout the entire production journey. Reach Production Solutions focuses on delivering sustainable production enhancements while minimizing infrastructure complexity and costs. Its technology features fewer moving parts, resulting in lower noise and vibration levels, alongside improved efficiency in gas compression and recovery.

Wireless Seismic

Venture Round in 2013
Wireless Seismic, Inc. is a company that specializes in the development and commercialization of wireless seismic recording systems, providing real-time seismic data acquisition and transmission for geophysical contractors. Founded in 2006 and headquartered in Sugar Land, Texas, the company offers innovative systems such as the RT System 2 and RT System 3, which are designed for both conventional and unconventional seismic operations. These cable-free systems enable efficient data collection in various fields, including oil and gas exploration, hydraulic fracturing, and environmental surveys, while addressing the challenges of data loss and the complexities of traditional methods. Wireless Seismic's solutions deliver high channel counts with the advantages of real-time data visibility and security, allowing contractors to conduct operations with greater flexibility and reduced costs.

DeepFlex

Venture Round in 2013
DeepFlex, Inc. is a Houston-based manufacturer specializing in all-composite flexible pipes designed for subsea oil and gas production environments. The company produces unbonded composite flexible pipes, which include fiber-reinforced options suitable for a range of subsea applications. These applications encompass production, gas lift, gas injection, water injection, chemical lines, risers, flow lines, and jumpers. By focusing on innovative materials and engineering, DeepFlex aims to provide reliable and efficient solutions for the challenges faced in underwater oil and gas extraction.

Abrado Wellbore Services

Venture Round in 2013
Abrado Wellbore Services focuses on enhancing wellbore environments to improve oil and gas extraction efficiency. The company develops advanced tools for wellbore care and maintenance, including product casing and riser cleanout solutions. It also provides both real-time and memory-based downhole video services, utilizing innovative technologies to support organizations in optimizing wellbore productivity. Through these offerings, Abrado Wellbore Services aims to assist clients in effectively discovering and extracting resources from the earth.

HalfWave

Venture Round in 2012
HalfWave is a company that specializes in developing innovative inspection tools and services for the oil and gas industry. It utilizes its patented ultra-wideband acoustic inspection technology, known as ART, which offers superior penetration and measurement capabilities compared to existing inspection methods. This technology has been established as a leading solution for pipeline and subsea inspections. With a highly qualified team, HalfWave is committed to leveraging the advantages of ART to create advanced inspection solutions that enable clients to maintain the integrity of their critical assets through accurate and reliable inspection data.

Zilift

Venture Round in 2012
Zilift Limited is an oil and gas technology company based in Aberdeen, United Kingdom, with an additional location in Bakersfield, California. Founded in 2009, Zilift specializes in developing and marketing advanced magnet technologies for artificial lift applications. The company offers two primary product lines: TorqueDrive and SpeedDrive. TorqueDrive is an integrated downhole drivetrain system designed for progressing cavity pumps, improving performance and flexibility in wellbore placement while eliminating common failures associated with conventional top drive systems. SpeedDrive, on the other hand, is an innovative electrical submersible pump (ESP) that stands out as the world's only 2⁵⁄₈″ diameter ESP, enabling deployment via cable or wireline. This technology allows for effective interventions in slim bore and restricted access applications, significantly reducing lifting costs and expanding deployment options for clients. Zilift's compact, high-efficiency designs leverage permanent magnet materials to enhance power density and operational versatility in challenging environments.

Health, Safety and Engineering Consultants

Acquisition in 2012
Health Safety and Engineering Consultants Ltd. is a premier engineering consultancy firm established in 1991 and located in Ashby-de-la-Zouch, United Kingdom. The company specializes in providing a comprehensive range of consultancy services that encompass auditing, compliance, training, and documentation across multiple engineering disciplines, including mechanical, structural, electrical, and control engineering. HSEC caters to various industries such as manufacturing, mining, rail, fairground and leisure, defense, oil and gas, and food sectors. With a focus on risk management, HSEC aims to help its clients reduce risk, decrease costs, ensure regulatory compliance, and enhance profitability through expert engineering solutions and professional technical support. The firm prides itself on its commitment to delivering world-class engineering and science, ultimately contributing to the commercial success of its clients.

Energy Drilling

Venture Round in 2012
Energy Drilling specializes in the development, construction, and operation of self-erecting tender assist drilling rigs for the offshore drilling market. The company aims to provide exceptional service to oil and gas operators by maximizing uptime and ensuring safety performance. With a highly skilled team that has extensive experience in managing the delivery of new tender drilling rigs, Energy Drilling has successfully developed specifications and operated equipment for various major oil companies. The company is committed to advancing the efficiency and safety of tender assisted drilling operations through innovative solutions, while also focusing on the proactive management of environmental impacts.

2TD

Venture Round in 2012
2TD Drilling AS focuses on supplying advanced drilling tools for the oil and gas industry. The company designs innovative electro-mechanical rotary steering tools that enhance the drilling process for oil companies. By improving maneuverability down-hole and the quality of boreholes, 2TD's tools help reduce operational costs and minimize non-productive time caused by equipment failures. The company aims to establish itself as a key player in the market by offering solutions that improve efficiency and effectiveness in oil drilling operations.

Intelligent Well Controls

Venture Round in 2012
Intelligent Well Controls is a UK-based company founded in 2009 by experts in downhole data transmission. The company specializes in well construction technology, particularly through its innovative wall-mounted telemetry (WMT) system. This technology utilizes a fluid pulse system that enables real-time data transmission using negative fluid pulses to a surface data acquisition system while maintaining bore access. With a dedicated team located in Aberdeen, Intelligent Well Controls operates globally, emphasizing quality and delivery in its products and services. The company is committed to providing high-standard solutions that have been field-proven to deliver transformational outcomes in the well construction market. Quality assurance remains central to its mission, ensuring that all offerings meet the rigorous demands of high-value wells.

Reach Production Solutions

Venture Round in 2011
Reach Production Solutions is a company based in Houston, Texas, specializing in advanced compression solutions that enhance the production of oil and gas wells. Founded in 2009, it provides innovative technologies for multiphase wells, offering a swift and effective alternative to traditional artificial lift methods. The company's services encompass the evaluation and simulation of well portfolios, as well as the installation, operation, monitoring, and maintenance of its systems throughout the entire production journey. Reach Production Solutions focuses on delivering sustainable production enhancements while minimizing infrastructure complexity and costs. Its technology features fewer moving parts, resulting in lower noise and vibration levels, alongside improved efficiency in gas compression and recovery.

PWA

Series A in 2011
PWA specializes in advanced water treatment technologies, primarily focusing on its patented Osorb® media system. This innovative, regenerable media effectively removes free, dispersed, and soluble hydrocarbons, along with toxic contaminants from oilfield water and gas streams. The main application of Osorb® is in the treatment of produced water, ensuring compliance with discharge and reinjection standards. By addressing the critical need for safe and efficient water management in the oil and gas industry, PWA plays a significant role in enhancing environmental sustainability and resource recovery.

ProSep

Venture Round in 2011
ProSep (USA) Inc. specializes in providing process solutions and equipment for the oil and gas industry, focusing on the separation of gas, oil, and water. The company offers a range of products including scrubbing and demisting internals, gas sweetening membranes, primary separators, heater treaters, and produced water treatment systems. ProSep also delivers services related to process evaluation, pilot testing, and project execution, and operates a fabrication facility for manufacturing large structural components and assembling packaged equipment. Founded in 2005 and based in Houston, Texas, ProSep aims to enhance production efficiency and reduce operational costs for its clients through both conventional and proprietary technologies. The company operates as a subsidiary of Produced Water Absorbents, Inc.

Wireless Seismic

Venture Round in 2010
Wireless Seismic, Inc. is a company that specializes in the development and commercialization of wireless seismic recording systems, providing real-time seismic data acquisition and transmission for geophysical contractors. Founded in 2006 and headquartered in Sugar Land, Texas, the company offers innovative systems such as the RT System 2 and RT System 3, which are designed for both conventional and unconventional seismic operations. These cable-free systems enable efficient data collection in various fields, including oil and gas exploration, hydraulic fracturing, and environmental surveys, while addressing the challenges of data loss and the complexities of traditional methods. Wireless Seismic's solutions deliver high channel counts with the advantages of real-time data visibility and security, allowing contractors to conduct operations with greater flexibility and reduced costs.

Geoteric

Venture Round in 2010
Geoteric is a global leader in the development and commercialization of advanced 3D seismic analysis technology, specializing in artificial intelligence-based geological imaging solutions. The company focuses on enhancing subsurface understanding through innovative software that integrates user knowledge with data, improving productivity in seismic interpretation. Geoteric offers interactive data conditioning tools, noise attenuation, and spectral shaping technologies that optimize signal quality for structural interpretation and attribute analysis. With a diverse client base of over 100 exploration and production companies worldwide, including leading national oil companies and integrated energy firms, Geoteric is committed to facilitating efficient and safe operations in the energy sector.

Zilift

Venture Round in 2010
Zilift Limited is an oil and gas technology company based in Aberdeen, United Kingdom, with an additional location in Bakersfield, California. Founded in 2009, Zilift specializes in developing and marketing advanced magnet technologies for artificial lift applications. The company offers two primary product lines: TorqueDrive and SpeedDrive. TorqueDrive is an integrated downhole drivetrain system designed for progressing cavity pumps, improving performance and flexibility in wellbore placement while eliminating common failures associated with conventional top drive systems. SpeedDrive, on the other hand, is an innovative electrical submersible pump (ESP) that stands out as the world's only 2⁵⁄₈″ diameter ESP, enabling deployment via cable or wireline. This technology allows for effective interventions in slim bore and restricted access applications, significantly reducing lifting costs and expanding deployment options for clients. Zilift's compact, high-efficiency designs leverage permanent magnet materials to enhance power density and operational versatility in challenging environments.

Stingray Geophysical

Venture Round in 2010
Stingray Geophysical specializes in providing Permanent Reservoir Monitoring (PRM) solutions for the global oil and gas industry. The company develops reliable and cost-effective seismic monitoring technologies that facilitate the observation of reservoir dynamics, including fluid movement, pressure levels, and resource mapping. By enabling oil and gas companies to enhance production efficiency and increase hydrocarbon reserves, Stingray Geophysical helps reduce operational risks and costs associated with resource management. Through its innovative solutions, the company plays a crucial role in optimizing the performance of reservoirs worldwide.

Red Spider Technology

Venture Round in 2010
Red Spider Technology is a technology company specializing in the design, manufacture, and supply of downhole solutions for the oil and gas industry. Founded in 2003 and headquartered in Stonehaven, Aberdeenshire, the company provides a range of products and services tailored to flow control, completion, well intervention, and artificial lift applications. Its offerings include innovative well solutions such as the evolution valve, revolver valve, Optimus packer, and various reservoir isolation systems. Additionally, Red Spider supplies a comprehensive array of intervention equipment, including hydraulic products, zonal equalization devices, and modular straddle systems, among others. With a focus on enhancing operational efficiency and effectiveness in challenging environments, Red Spider Technology plays a vital role in supporting the operational needs of the oil and gas sector.

Reality Mobile

Venture Round in 2009
Reality Mobile LLC is a technology company that specializes in developing mobile communications solutions, primarily through its flagship product, RealityVision. This platform facilitates real-time video and data sharing, enhancing communication between field personnel, operational staff, and senior management across various sectors. Reality Mobile's offerings cater to both commercial applications—such as power generation, transportation, and security—and government needs, including border security, counterterrorism, and emergency response. The company also provides custom solutions, including server kits and surveillance tools, to support rapid deployment in critical situations. Founded in 2003 and headquartered in Bethesda, Maryland, Reality Mobile serves a global market, with its products utilized in numerous countries worldwide.

Oxane Materials

Venture Round in 2008
Oxane Materials, Inc. is a Houston-based company founded in 2002 that specializes in the development of energy-focused nanotechnology products. The company primarily focuses on enhancing proppants for hydraulic fracturing through its flagship product, OxFrac, which offers a unique combination of low weight and high strength. This innovative approach aims to address critical challenges in the oil and gas sector, providing substantial benefits such as increased initial production, reduced decline rates, and improved overall recovery of resources. In addition to proppants, Oxane Materials also engages in the development of sour gas abatement technologies, PEM fuel cell membranes, and composite agents. The company's commitment to using advanced materials underscores its goal of delivering cost-effective and environmentally friendly solutions to the energy industry.

Zeropex

Venture Round in 2008
Zeropex has developed a technology that makes it possible to generate clean energy from pressure drops in fluid process systems.

Energreen

Venture Round in 2008
Energreen develops a technology that makes it possible to generate clean energy from pressure drops in fluid process systems, energy which previously was lost. The technology has a wide range of uses within offshore and onshore industries. Energreen AS was founded in 2006 by Trond Melhus, Jan Kristian Vasshus and Per Reidar Ørke.

NovaDrill

Venture Round in 2008
NovaDrill is developing next generation Rotary Steering Tools, MWD/LWD Tools and PDC Bits.

Ingrain

Venture Round in 2008
Ingrain, Inc. specializes in rock characterization technology services for the upstream oil and gas industry, catering to super majors, independents, national oil sectors, government agencies, and service companies globally. Founded in 2007 and headquartered in Houston, Texas, with additional offices in Brazil, the UAE, Kuwait, and Colombia, Ingrain offers a range of advanced technological solutions. Its CoreHD platform provides high-definition imaging of whole cores, while ReconHD analyzes drilling cuttings for elemental and mineralogical data. The company’s ZoneID technology targets shale rock characteristics through micro-CT and mineralogical analysis, and PoreHD computes critical rock properties such as permeability and porosity. Ingrain also conducts joint industry reservoir characterization studies and maintains a digital core library, which assists operators in identifying productive formations and understanding rock properties and their relationships within various shale plays. By leveraging digital scanning and analysis, Ingrain delivers valuable petrophysical insights that inform commercial decision-making for its clients.

Fotech Solutions

Series A in 2008
Fotech Solutions develops advanced distributed acoustic sensing solutions primarily for the oil and gas, pipeline, and security industries. Based in Church Crookham, United Kingdom, with additional offices in Calgary, Canada, and Houston, Texas, the company offers technologies such as distributed acoustic sensors that provide real-time intelligence to operators. Their LivePIPE system enhances monitoring capabilities using this sensor technology. Fotech Solutions also provides asset surveillance and monitoring solutions, along with interpretive tools that allow engineers to visualize and record activities in real-time. The company operates through a network of international partnerships and was founded in 2006 under the leadership of Chief Executive Douglas Gibson.

ARKeX

Series C in 2008
ARKeX is a geophysical service company that helps explorationists to gain a complete picture and a better understanding of subsurface geology. Through a multi-disciplinary and integrated approach, ARKeX delivers invaluable geological information to oil and gas exploration companies as well as the mining industry. Operating using a variety of techniques, technologies and methodologies, ARKeX provides the answers to meet today's exploration challenges.

Deep Casing Tools

Funding Round in 2008
Deep Casing Tools Limited, established in 1999 and headquartered in Aberdeen, UK, specializes in manufacturing innovative technologies for the global oil and gas industry. The company's primary products are The Turborunner and The Turbocaser Express, both high-speed reaming systems designed to enable drilling and completions teams to accurately land casings and completions at target depth, safeguarding assemblies and minimizing operational risks. Led by a team with over 200 years of collective industry experience, Deep Casing Tools' products are engineered by professionals for professionals, combining innovative design with precision engineering to deliver significant cost and time efficiencies.

Direct Drive Systems

Venture Round in 2008
Direct Drive Systems (DDS) is a leading manufacturer specializing in high-speed, high-power synchronous motors and generators that employ permanent magnet technology. Established in 2004 as a spin-off from Calnetix, DDS focuses on delivering efficient and cost-effective solutions for compression, pumping, and power generation across a range of applications in the oil and gas and process industries. The company's products operate at speeds of up to 23,000 RPM and can deliver power outputs of up to 12 MW (16,000 HP) at the shaft. DDS designs its motors and generators to couple directly to loads, eliminating the need for gearboxes, which enhances efficiency and reduces both size and operational costs. Additionally, DDS manufactures magnetic bearings and power electronics, offering specialized systems like the Frame 2 for critical pipeline and offshore applications, and the Frame 8 for diverse power range needs in pipelines and marine platforms.

Add Energy Group

Venture Round in 2008
Add Energy Group is an oil service company headquartered in Stavanger, Norway, providing consultancy and specialized engineering services to the global oil and gas industry. The company operates through three main segments: Integrity Assurance, Well Management, and Risk & Well Engineering. The Integrity Assurance segment focuses on well control response, emergency planning, and maintenance optimization, utilizing proprietary software to enhance operational support and training. The Well Management segment offers comprehensive project management services for well operations. Meanwhile, the Risk & Well Engineering segment delivers expertise in subsurface engineering, drilling, and safety management. Established in 1986, Add Energy serves a diverse clientele, including oil and gas companies, government agencies, and industry trade organizations, with a strong presence in key energy regions across Europe, Asia Pacific, North America, and the Middle East. The company is recognized for its commitment to quality and client relationships, supported by a suite of proprietary tools and a robust portfolio of global Master Service Agreements.

Sigma Offshore

Venture Round in 2007
Sigma Offshore specializes in turret mooring and fluid transfer systems designed for the oil and gas industry. The company is known for its patented smart mooring system, which enhances the efficiency and safety of floating production storage and offloading (FPSO) and floating storage and offloading (FSO) vessels. In addition to its innovative products, Sigma Offshore offers consultancy services in structural engineering and naval architecture, providing economical solutions for various marine applications. The company also develops extended well testing systems and sub-sea services, further contributing to the optimization of offshore production processes.

Cubility

Venture Round in 2007
Cubility AS is a Norwegian company that specializes in the design and manufacture of innovative solids control equipment for the oil and gas, construction, and aquaculture industries. Its flagship product, the MudCube system, revolutionizes drilling operations by replacing traditional shakers with a single, enclosed unit that significantly improves waste management. Recognized as Proven Technology by Statoil in 2012, the MudCube enhances well control and safety while minimizing environmental risks associated with conventional shaker solutions. Utilizing a vacuum and conveyor belt system, it eliminates oil mist emissions, vapor release, and low-frequency vibrations, thereby enhancing the working environment. The MudCube has been deployed at drilling sites in the North Sea and the U.S. Marcellus shale play, with its first commercial installation on the Mærsk Giant in 2012. By offering a fully integrated system, Cubility aims to reduce operational costs and carbon emissions while effectively managing waste at both onshore and offshore rigs.

Stingray Geophysical

Series A in 2006
Stingray Geophysical specializes in providing Permanent Reservoir Monitoring (PRM) solutions for the global oil and gas industry. The company develops reliable and cost-effective seismic monitoring technologies that facilitate the observation of reservoir dynamics, including fluid movement, pressure levels, and resource mapping. By enabling oil and gas companies to enhance production efficiency and increase hydrocarbon reserves, Stingray Geophysical helps reduce operational risks and costs associated with resource management. Through its innovative solutions, the company plays a crucial role in optimizing the performance of reservoirs worldwide.

Ziebel AS

Venture Round in 2006
Ziebel AS, founded in 2006 and headquartered in Tananger, Norway, specializes in well intervention services for the global oil and gas industry. The company is known for its innovative Z-System technology, which incorporates a fiber optic composite rod to enable real-time access and visualization of well bores. This technology facilitates various applications, such as Distributed Temperature Sensing (DTS) for leak detection and water ingress identification, as well as Distributed Acoustic Sensing (DAS) for monitoring fluid movement and identifying flow patterns. Ziebel's offerings include the Z-Rod and Z-Line systems, designed to deliver quality data through safe deployment in producing or injecting wells. Additionally, Ziebel maintains a collaborative platform, Z-Community, to provide employees and partners with access to resources and training. The company also has an office in Houston, United States, reinforcing its presence in the international market.

Stingray Geophysical

Venture Round in 2006
Stingray Geophysical specializes in providing Permanent Reservoir Monitoring (PRM) solutions for the global oil and gas industry. The company develops reliable and cost-effective seismic monitoring technologies that facilitate the observation of reservoir dynamics, including fluid movement, pressure levels, and resource mapping. By enabling oil and gas companies to enhance production efficiency and increase hydrocarbon reserves, Stingray Geophysical helps reduce operational risks and costs associated with resource management. Through its innovative solutions, the company plays a crucial role in optimizing the performance of reservoirs worldwide.

ARKeX

Series B in 2005
ARKeX is a geophysical service company that helps explorationists to gain a complete picture and a better understanding of subsurface geology. Through a multi-disciplinary and integrated approach, ARKeX delivers invaluable geological information to oil and gas exploration companies as well as the mining industry. Operating using a variety of techniques, technologies and methodologies, ARKeX provides the answers to meet today's exploration challenges.

Norse Cutting & Abandonment

Venture Round in 2005
Norse Cutting & Abandonment specializes in providing a comprehensive range of oilfield services to the oil and gas industry, focusing on both subsea and surface operations. Its subsea services include drilling, completion, installation, production, and decommissioning, while surface services encompass inspection, maintenance, repair, asset integrity, and data solutions. The company also offers plug and abandonment services, onsite machining for abandoned wells, platform removal, testing and inspection services, and well slot recovery projects. Additionally, it provides rental equipment and mooring products and services. Founded in 1999, Norse Cutting & Abandonment operates globally, with bases in Stavanger, Houston, and Aberdeen.

Sense EDM

Venture Round in 2005
Sense EDM manufactures and distributes a range of rigs and tubular handling systems for firms in the oil and gas industries. It was founded in 2000.

MTEM Limited

Series A in 2004
In 2001 Anton Ziolkowski, Bruce Hobbs and David Wright of the University of Edinburgh invented a new electromagnetic method to detect sub-sea and underground hydrocarbons. In 2003 they founded MTEM Ltd. to develop the technology and provide land and marine surveys to oil companies. In November 2004 MTEM Ltd. was launched from the University of Edinburgh with £7.4M of funding from three equal investors: HitecVision, Energy Ventures, and Scottish Equity Partners. MTEM Ltd. developed and built systems to perform land and marine transient electromagnetic surveys that can identify hydrocarbons before drilling, thus reducing the risk of drilling “dry” wells and saving millions of dollars per well. In June 2007 Petroleum Geo-Services (PGS) bought MTEM Ltd. for $275M. The University of Edinburgh’s share of the sale was £8.6M, of which £2.6M funded 164 PhD studentships. PGS continues to develop the technology.

Caltec

Venture Round in 2004
Caltec is a specialist production technology company focused on enhancing production from mature oil and gas fields. The company offers a range of products, including the Wellcom system, which improves production flow rates by reducing wellhead pressures, and the I-SEP system, which facilitates the partial separation of gas, oil, water, and solids. These technologies work together to significantly enhance production, recovery, and the longevity of oil and gas operations. Additionally, Caltec provides surface jet pumps and compact separation services, analyzing application viability and optimizing production processes. Through fluid analysis and simulation of complex systems, Caltec enables its clients in the oil, gas, and petrochemical industries to increase efficiency and output in their operations.

Advanced Production and Loading

Venture Round in 2004
Advanced Production and Loading (APL) is a prominent company specializing in the development, fabrication, and sale of advanced systems designed for offshore production. The firm focuses on turret mooring systems that facilitate the storage and transport of oil and gas via ships. APL's innovative solutions are aimed at enhancing the efficiency of floating production, storage, and offloading vessels, as well as other offshore terminals. By streamlining offshore loading and transport operations, APL plays a crucial role in the oil and gas industry, ensuring safe and effective management of resources in maritime environments.

Omniware

Venture Round in 2003
Omniware AS provides enterprise level contract management, and health and safety management software. It offers Omnicom, a software solution for contract management with various modules, including contracts, supplier, supply groups, and strategies management, as well as e-commerce, and intersystem components and tools. The company provides Omnisafe, a comprehensive health and safety management system with various modules, including risk assessments and management, control of substances hazardous to health, incident and unsafe act reporting and investigating, auditing and monitoring, and statistical analysis and reporting, as well as staff training, records, and instruction.

Sense Intellifield

Venture Round in 2003
Andlinger and Company is a private investment and management firm that finances companies and technologies that benefit the global environment. It provides operational and management support if needed and works with management teams constructively as active board members. Andlinger and Company’s client base includes B2B or industrial clients. It also helps companies grow from local or regional producers to national and worldwide companies through establishment of agent networks, distributor networks, add-on acquisitions, or other. Andlinger and Company was founded in 1976 by Gerhard Andlinger. The company is based in the United States, Austria, and Belgium.

SeaBird Exploration

Venture Round in 2003
SeaBird Exploration Plc is a company that specializes in providing marine 2D and 3D seismic data services for the oil and gas industry. Established in 2000 and headquartered in Limassol, Cyprus, it has been an active participant in the seismic market since 1996. The company offers a comprehensive range of services, including 2D and 3D seismic acquisition and shallow water surveys, as well as the operation of source vessels. SeaBird also provides various services such as conventional undershoot surveys, 4D repeat surveys, and both long-term and spot vessel charters. With a focus on customer satisfaction and a commitment to quality, health, safety, and environmental standards, SeaBird Exploration operates in multiple regions, including Europe, Africa, the Middle East, North and South America, and the Asia Pacific.
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