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

Matt Anstead

Investment Director

Pelle Bildtsen

CFO

Einar Gamman

Partner - Houston Office

Gammie, Victoria

Senior Analyst

Gregory Herrera

Senior Partner and Head

Greg Herrera

Senior Partner

Tomas Hvamb

Senior Partner

Kjell E. Jacobsen

Partner

Rajat Maheshwari

Investment Director

Craig McManus

Associate

Ole Melberg

Founder, Managing Partner

Espen Strom

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 company founded in 2018 and based in Memphis, Tennessee. The company offers a platform that simplifies property maintenance through a predictive maintenance system. This system includes an automated schedule for preventive maintenance, allowing property owners and tenants to manage tasks effectively from notification to completion. SecondKeys' software also tracks repair frequency and identifies minor fixes that can prevent larger, more costly issues. Additionally, the platform provides tools for managing maintenance requests, contractor sourcing, and bid comparison, enhancing accountability and transparency in the property maintenance process. By streamlining these operations, SecondKeys aims to improve the experience for property managers, owners, and tenants alike.

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 manufacturer based in Aberdeen, United Kingdom, specializing in subsea production optimization and intervention technologies. Founded in 2011, the company produces a range of equipment designed to enhance hydrocarbon production from subsea wells. Its offerings include multiple metering and pumping systems, fluid sampling and intervention tools, and flow assurance modules. Enpro Subsea also provides services related to life-of-field liquid intervention, attic oil recovery, and field development project management. The company's technologies focus on capital-efficient and flexible field development, supporting deepwater stimulation and pipeline commissioning. Enpro Subsea operates as a subsidiary of Hunting PLC.

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 completion, workover, and gas storage markets. Founded in 2011 and headquartered in Conroe, Texas, the company designs and manufactures a range of thru-tubing tools, including XTENDR, IMPACTR, and HAMMR Drill. In addition to tool manufacturing, Workover Solutions offers various services such as milling, toe preparation, cleanouts, fishing, acidizing, gas storage, and inspection. The company aims to enhance operational efficiency for oil exploration and production by eliminating the need for coil tubing and snubbing-assisted workover rigs, which helps maintain pipe-heavy conditions and thereby increase productivity. With additional offices in North Dakota, West Virginia, Pennsylvania, and Texas, Workover Solutions is committed to delivering quality services backed by experienced personnel and innovative tools.

Evolution Engineering

Private Equity Round in 2017
Evolution Engineering Inc. specializes in manufacturing measurement while drilling (MWD) products tailored for the oil and gas industry. Based in Calgary, Canada, the company designs and develops unified telemetry systems that integrate mud pulse and multi-channel telemetry technologies. These systems enhance drilling operations by providing reliable data transmission at rates up to 18 bps, with the ability to decode signals as low as 0.1 mV, and are capable of executing complex drilling maneuvers while mitigating unfavorable harmonics. Evolution Engineering also offers a range of engineering services for downhole drilling systems, including highside calculation and MWD self-deployment platforms. Their product offerings include the EVO ONE Unified Telemetry system, EVO EM, EVO PULSE, and various communication services such as EVO URx and EVO INTERCOM. Founded in 2011, the company is committed to delivering innovative solutions that prioritize safety and environmental responsibility in drilling operations.

Aquaterra Energy

Private Equity Round in 2017
Aquaterra Energy Ltd. is an offshore engineering company that provides technical support and solutions for the oil and gas industry both in the United Kingdom and internationally. Founded in 2005 and headquartered in Aberdeen, the company specializes in riser systems, offering a range of services including riser analysis, subsea and surface riser systems, connectors, and vortex-induced vibration suppression systems. Additionally, Aquaterra Energy develops solutions for offshore structures, such as sea swift platforms and subsea drilling templates. The company also offers a variety of rental and service options for equipment like tension rings, riser tension systems, and cold cutters. With offices in key locations including Cairo, Houston, and Dubai, Aquaterra Energy aims to enhance operational efficiency and reduce costs for its clients throughout the lifecycle of their projects, from initial development to decommissioning.

WellConnection Group

Acquisition in 2015
WellConnection Group is the leading company within inspection, maintenance and repair services (IMR) for drilling and subsea equipment on the Norwegian Continental Shelf. The group have strategic locations in Stavanger (Tananger and Hundvåg), Mongstad and Kristiansund with substantial production facilities and machinery, and delivers on the clients’ demand for efficient, best in class, one stop IMR services covering the whole of the NCS within the Subsea and Drilling segments.

Ingrain

Venture Round in 2015
Ingrain, Inc. specializes in rock characterization technology services for the upstream oil and gas industry, serving clients including super majors, national oil sectors, independents, government agencies, and service companies globally. The company offers a range of advanced technology solutions, including the CoreHD platform for high-definition imaging and logging of whole core samples, and the ReconHD system for analyzing drilling cuttings. Ingrain also provides ZoneID for detailed evaluations of shale rock characteristics, PoreHD for three-dimensional assessments of permeability and porosity, and CoreHD Plus for enhanced core data with petrophysical curves. Additionally, Ingrain conducts joint industry reservoir characterization studies and maintains a digital core library to assist operators in identifying productive formations and understanding rock properties critical for successful drilling. Founded in 2007 and headquartered in Houston, Texas, Ingrain operates additional offices in Brazil, the United Arab Emirates, Kuwait, and Colombia.

Hannon Westwood

Venture Round in 2015
Hannon Westwood has been a key advisor in the oil and gas sector for over 18 years, specializing in bespoke intelligence and business development services for the UK Continental Shelf (UKCS). Founded in 1993 by Jim Hannon and Charles Westwood, the firm is supported by a team of more than 20 experienced professionals with extensive global exploration and production expertise. Over the past five years, Hannon Westwood has facilitated investments totaling $3.5 billion by providing board-level insights and consultancy services. The company's offerings are backed by a proprietary UKCS database that encompasses over 4,000 working interests, 1,500 prospects, and 425 discoveries, along with detailed ownership and resource data for each block and field. Hannon Westwood is frequently consulted by the UK Government and industry leaders for expert commentary and insights, reinforcing its position as a trusted source of intelligence in the oil and gas industry.

Romar

Venture Round in 2014
Romar International Ltd. specializes in magnetic separation products and services for the offshore oil and gas industry globally. The company offers a range of products including mud spill prevention solutions, electric and diesel pump skids, and hydraulic power units, all aimed at ensuring safe operations in the field. Additionally, Romar provides technical solutions, project services, product training, and ongoing technical support. A key innovation is the ROMAR Packer Management System, which monitors inflatable slip joint packers for wear or failure, helping to prevent accidental mud spillage into the environment. Founded in 2000 and based in Ellon, United Kingdom, Romar operates as a subsidiary of Front Row Energy Partners Ltd.

FourPhase

Venture Round in 2014
FourPhase is a company that specializes in designing and developing desander technology for the oil and gas industry, focusing on the effective management of produced solids. Established in 2012 and based in Os, Norway, FourPhase offers a range of products, including single and double desanders, choke manifolds, valve skids, and pressure test units. These solutions are designed to enhance oil and gas production by efficiently removing sand and sediments from wells. FourPhase’s technology employs patented cyclone systems that are applicable in various contexts, including oil and gas well operations, well intervention, and zero flaring initiatives. The company's innovative approach aims to improve operational efficiency while reducing costs per barrel, thereby extending the life of oil and gas wells and increasing recovery rates.

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 offers innovative technologies, particularly the Z-System, which utilizes a fiber optic composite rod to enable real-time access and visualization of well bores. Ziebel's technology supports various applications, including Distributed Temperature Sensing (DTS) for leak detection and integrity monitoring, as well as Distributed Acoustic Sensing (DAS) for fluid movement visualization and flow pattern recognition. Its solutions, such as the Z-Rod and Z-Line, are designed for safe deployment into producing or injecting wells, providing operators with critical data to enhance production efficiency and safety. Ziebel also maintains a web platform, Z-Community, to facilitate resource sharing and training for its employees and partners worldwide.

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 Houston-based company that specializes in developing advanced compression solutions for oil and gas well operators. Established in 2009, the company focuses on enhancing production from multiphase wells through innovative technologies that streamline operations and minimize costs. Its offerings include the evaluation and simulation of well portfolios, surface installations, and ongoing monitoring and maintenance of production systems. Reach Production Solutions also provides artificial lift and frac hit recovery solutions, which are designed to be more efficient than traditional methods by reducing the need for costly interventions. The company's technology features fewer moving parts, resulting in lower vibration and noise, as well as improved efficiency and reduced infrastructure costs.

Wireless Seismic

Venture Round in 2013
Wireless Seismic, Inc. specializes in the development and commercialization of wireless seismic recording systems that facilitate real-time data acquisition and transmission for the geophysical industry. The company's flagship products, the RT System 2 and RT System 3, are cable-free solutions designed for both conventional and unconventional seismic operations. These systems are utilized across various applications, including oil and gas exploration, hydraulic fracturing, mineral exploration, and environmental assessments. By offering a scalable and flexible approach to seismic data collection, Wireless Seismic enables contractors to achieve high channel counts without compromising data quality or security. Founded in 2006 and headquartered in Sugar Land, Texas, the company has established a global presence aimed at enhancing operational efficiency in seismic projects.

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 that incorporate fiber reinforcement, making them suitable for a variety of subsea applications. These applications include production, gas lift, gas injection, water injection, chemical lines, risers, flow lines, and jumpers. By focusing on innovative materials and engineering solutions, DeepFlex aims to enhance the efficiency and reliability of subsea operations.

Abrado Wellbore Services

Venture Round in 2013
Abrado Wellbore Services provides multi-string section milling tools, cleanout tools, and services for the perpetual challenge of managing debris in the wellbore. They offer multi-string section milling for plugging and abandonment of wells where Sustained casing pressure is present, casing eccentricity is an issue and casing integrity is paramount.

HalfWave

Venture Round in 2012
Halfwave specializes in providing advanced inspection tools and services for the oil and gas industry, utilizing its patented ultra-wideband acoustic inspection technology (ART). This technology offers superior penetration and measurement capabilities, making it ideal for pipeline and subsea inspections. By leveraging ART, Halfwave delivers innovative solutions that enable clients to maintain the integrity of their critical assets through accurate and reliable inspection data. The company is committed to advancing its technology and enhancing the efficiency of inspection processes in the industry.

Zilift

Venture Round in 2012
Zilift Limited is an oil and gas technology company that specializes in developing advanced magnet technologies for artificial lift applications. Founded in 2009 and based in Aberdeen, United Kingdom, with an additional location in Bakersfield, California, Zilift focuses on creating high-efficiency downhole drive systems. Its product offerings include TorqueDrive, an integrated system for progressing cavity pumps (PCP), and SpeedDrive, a compact electrical submersible pump (ESP). TorqueDrive enhances pump performance while addressing common failure modes associated with traditional systems, allowing for improved wellbore placement options. SpeedDrive, recognized for its unique 2 5/8" diameter, can be deployed using wireline, facilitating applications in restricted access environments and enabling live well interventions without costly rig workovers. Zilift's innovative technologies aim to reduce lifting costs and expand deployment possibilities for artificial lift systems in the oil and gas industry.

Health, Safety and Engineering Consultants

Acquisition in 2012
Health Safety and Engineering Consultants Ltd. is a consultancy firm specializing in engineering risk management and compliance services. Established in 1991 and based in Ashby-de-la-Zouch, United Kingdom, the company offers a range of professional services, including auditing, compliance, training, and documentation across various engineering disciplines such as mechanical, structural, electrical, and control engineering. Its client base spans multiple industries, including manufacturing, mining, rail, defense, oil and gas, and food sectors. The firm is dedicated to enhancing engineering practices, reducing risks, and ensuring regulatory compliance, thereby contributing to the operational success and profitability 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, primarily serving the offshore drilling market. The company is dedicated to providing high-quality services to oil and gas operators, leveraging a team with extensive experience in managing the delivery of new tender drilling rigs. Energy Drilling has a proven track record in developing specifications, overseeing construction, and operating these rigs for major oil companies. The company emphasizes the importance of safety and environmental stewardship in its operations, striving to enhance the efficiency and safety of tender-assisted drilling processes through innovative solutions.

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, established in 2009 and based in Aberdeen, UK, specializes in well construction technology, particularly focusing on downhole data transmission. The company has developed a wall-mounted telemetry (WMT®) system that utilizes a fluid pulse method to transmit data in real-time to surface data acquisition systems while maintaining bore access. This technology has progressed from concept to a proven field service, demonstrating its effectiveness in high-value well operations. Committed to quality and delivery, Intelligent Well Controls aims to provide transformational services and products with rigorous quality assurance, ensuring that they meet the high standards required for successful well construction and management on a global scale.

Reach Production Solutions

Venture Round in 2011
Reach Production Solutions is a Houston-based company that specializes in developing advanced compression solutions for oil and gas well operators. Established in 2009, the company focuses on enhancing production from multiphase wells through innovative technologies that streamline operations and minimize costs. Its offerings include the evaluation and simulation of well portfolios, surface installations, and ongoing monitoring and maintenance of production systems. Reach Production Solutions also provides artificial lift and frac hit recovery solutions, which are designed to be more efficient than traditional methods by reducing the need for costly interventions. The company's technology features fewer moving parts, resulting in lower vibration and noise, as well as improved efficiency and reduced infrastructure costs.

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. specializes in the development and commercialization of wireless seismic recording systems that facilitate real-time data acquisition and transmission for the geophysical industry. The company's flagship products, the RT System 2 and RT System 3, are cable-free solutions designed for both conventional and unconventional seismic operations. These systems are utilized across various applications, including oil and gas exploration, hydraulic fracturing, mineral exploration, and environmental assessments. By offering a scalable and flexible approach to seismic data collection, Wireless Seismic enables contractors to achieve high channel counts without compromising data quality or security. Founded in 2006 and headquartered in Sugar Land, Texas, the company has established a global presence aimed at enhancing operational efficiency in seismic projects.

Geoteric

Venture Round in 2010
Geoteric is a global leader in the development and commercialization of advanced 3D seismic analysis technology, focusing on enhancing the interpretation of subsurface data. The company specializes in artificial intelligence-based geological imaging technologies that offer interactive tools for data conditioning, noise attenuation, and spectral shaping. These innovations improve the signal-to-noise ratio, facilitating optimal structural interpretation and attribute analysis. By presenting data intuitively, Geoteric enables interpreters to leverage their expertise effectively, which enhances operational efficiency and safety. The company's client base includes over 100 exploration and production companies worldwide, comprising leading national oil companies and integrated energy firms.

Zilift

Venture Round in 2010
Zilift Limited is an oil and gas technology company that specializes in developing advanced magnet technologies for artificial lift applications. Founded in 2009 and based in Aberdeen, United Kingdom, with an additional location in Bakersfield, California, Zilift focuses on creating high-efficiency downhole drive systems. Its product offerings include TorqueDrive, an integrated system for progressing cavity pumps (PCP), and SpeedDrive, a compact electrical submersible pump (ESP). TorqueDrive enhances pump performance while addressing common failure modes associated with traditional systems, allowing for improved wellbore placement options. SpeedDrive, recognized for its unique 2 5/8" diameter, can be deployed using wireline, facilitating applications in restricted access environments and enabling live well interventions without costly rig workovers. Zilift's innovative technologies aim to reduce lifting costs and expand deployment possibilities for artificial lift systems in the oil and gas industry.

Stingray Geophysical

Venture Round in 2010
Stingray Geophysical specializes in providing Permanent Reservoir Monitoring (PRM) solutions tailored for the global oil and gas industry. The company offers reliable and cost-effective services that assist energy companies in monitoring the movement, levels, and pressure of hydrocarbons within reservoirs. Through its advanced seismic technology, Stingray Geophysical enables clients to enhance production, boost hydrocarbon reserves, and effectively manage associated risks and costs.

Red Spider Technology

Venture Round in 2010
Red Spider is a technology company that specializes in providing downhole solutions for the oil and gas industry, focusing on flow control, completion, well intervention, and artificial lift applications. Established in 2003 and based in Stonehaven, Aberdeenshire, the company develops a range of products including valves, packers, and intervention equipment. Its offerings encompass well solutions like the evolution valve, revolver valve, and Optimus packer, as well as various intervention tools such as injection valves, hydraulic products, and zonal equalization devices. Red Spider aims to enhance operational efficiency and safety in oil and gas extraction through its innovative technologies.

Reality Mobile

Venture Round in 2009
Reality Mobile LLC specializes in mobile communications solutions, offering its flagship product, RealityVision, which enables real-time video and data sharing for field personnel, office staff, and senior management. This platform enhances communication processes across various sectors, including government agencies, oil and gas, transportation, and security. Reality Mobile provides a range of services, including managed hosting, custom solution design, and network design, catering to clients with specific needs such as surveillance and rapid deployment kits. The company's products are utilized in diverse applications, from blue force tracking and border security to critical infrastructure protection and emergency response. Founded in 2003 and headquartered in Bethesda, Maryland, Reality Mobile serves a global market, distributing its solutions through various channel partners across multiple countries.

Oxane Materials

Venture Round in 2008
Oxane Materials, Inc. is a Houston-based company founded in 2002 that specializes in developing energy-focused nanotechnology products. The company primarily commercializes nanotechnology-enhanced proppants, particularly its flagship product, OxFrac, which addresses significant challenges in the oil and gas sector. OxFrac is designed to improve proppant transport and provide high strength, resulting in enhanced initial production, reduced production decline, and increased total recovery rates. Additionally, Oxane's offerings extend to sour gas abatement technologies and PEM fuel cell membranes, underscoring its commitment to delivering innovative solutions that offer both cost and environmental benefits to its stakeholders.

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, serving clients including super majors, national oil sectors, independents, government agencies, and service companies globally. The company offers a range of advanced technology solutions, including the CoreHD platform for high-definition imaging and logging of whole core samples, and the ReconHD system for analyzing drilling cuttings. Ingrain also provides ZoneID for detailed evaluations of shale rock characteristics, PoreHD for three-dimensional assessments of permeability and porosity, and CoreHD Plus for enhanced core data with petrophysical curves. Additionally, Ingrain conducts joint industry reservoir characterization studies and maintains a digital core library to assist operators in identifying productive formations and understanding rock properties critical for successful drilling. Founded in 2007 and headquartered in Houston, Texas, Ingrain operates additional offices in Brazil, the United Arab Emirates, Kuwait, and Colombia.

Fotech Solutions

Series A in 2008
Fotech Solutions Limited specializes in developing distributed acoustic sensing solutions primarily for the oil and gas, pipeline, and security sectors. The company offers advanced acoustic monitoring systems that provide real-time intelligence, enabling operatives to detect pipeline leaks and other critical issues. Among its key products is LivePIPE, which enhances monitoring capabilities for pipeline operations. Fotech’s technology facilitates asset surveillance and includes interpretive tools that allow engineers to visualize and record data in real-time. Established in 2006 and headquartered in Church Crookham, United Kingdom, Fotech also maintains offices in Calgary, Canada, and Houston, Texas. The company collaborates with a network of partners to deliver its solutions both domestically and internationally.

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 is a manufacturer of innovative technology designed for the oil and gas industry, specializing in tools that facilitate the efficient installation of casings and completions. The company is known for its flagship products, The Turborunner and The Turbocaser Express, both high-speed reaming systems that assist drilling and completions teams in reaching target depths while ensuring the integrity of completion assemblies and casings. Established in 1999 and headquartered in Aberdeen, United Kingdom, Deep Casing Tools is led by a team with extensive experience in the oil and gas sector. The company focuses on precision engineering and innovative design to address the challenges faced in today's complex wellbore conditions, ultimately providing significant cost and time efficiencies while minimizing operational risks.

Direct Drive Systems

Venture Round in 2008
Direct Drive Systems (DDS) specializes in the development and manufacture of high-speed, high-power synchronous motors and generators that utilize 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 the oil and gas and process industries globally. The company's permanent magnet motors and generators can operate at speeds up to 23,000 RPM, providing power outputs of up to 12 MW at the shaft. By coupling directly to loads without the need for gearboxes, DDS products enhance efficiency while minimizing size, weight, and overall capital and operating costs. In addition to their core offerings, the company manufactures magnetic bearings and power electronics, catering to critical applications in pipeline, marine, and offshore environments.

Add Energy Group

Venture Round in 2008
Add Energy Group is an oil service company headquartered in Stavanger, Norway, offering a range of consultancy and engineering services tailored for the oil and gas industry across multiple regions, including Europe, Asia Pacific, North America, and the Middle East. The company operates through three main segments: Integrity Assurance, Well Management, and Risk & Well Engineering. The Integrity Assurance segment specializes in well control response, emergency planning, and asset integrity services, utilizing proprietary software and simulations. Well Management focuses on project management for well operations, while the Risk & Well Engineering segment covers subsurface and completion engineering, drilling safety, and crisis management. With a strong commitment to quality and client relationships, Add Energy Group has established itself as a trusted service provider, supported by a comprehensive client base and numerous Master Service Agreements developed over its decades of operation since its founding in 1986.

Sigma Offshore

Venture Round in 2007
Sigma Offshore specializes in turret mooring and fluid transfer systems for the oil and gas industry. The company offers a patented smart mooring system and provides consultancy services in structural engineering and naval architecture. Their expertise includes developing economical solutions for Floating Production Storage and Offloading (FPSO) and Floating Storage and Offloading (FSO) systems, as well as extended well testing systems and subsea services. Through their innovative approaches, Sigma Offshore aims to enhance the efficiency and safety of offshore oil and gas production.

Cubility

Venture Round in 2007
Cubility AS is a Norwegian company focused on transforming drilling operations in the energy sector through its innovative MudCube system. This technology replaces traditional shakers with a fully enclosed unit designed for improved waste management, enhancing well control and safety while minimizing environmental risks. Recognized as Proven Technology by Statoil in 2012, the MudCube utilizes vacuum and conveyor belt principles to eliminate oil mist emissions and reduce noise levels, significantly improving the working environment for operators. The system has been deployed at various drilling sites, including the North Sea and the U.S. Marcellus shale play, with its first commercial installation occurring on the Mærsk Giant in 2012. By streamlining solids control equipment into a single integrated solution, Cubility not only aims to lower operational costs and carbon emissions but also to effectively address the challenges associated with waste in the oil and gas, construction, and aquaculture markets.

Stingray Geophysical

Series A in 2006
Stingray Geophysical specializes in providing Permanent Reservoir Monitoring (PRM) solutions tailored for the global oil and gas industry. The company offers reliable and cost-effective services that assist energy companies in monitoring the movement, levels, and pressure of hydrocarbons within reservoirs. Through its advanced seismic technology, Stingray Geophysical enables clients to enhance production, boost hydrocarbon reserves, and effectively manage associated risks and costs.

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 offers innovative technologies, particularly the Z-System, which utilizes a fiber optic composite rod to enable real-time access and visualization of well bores. Ziebel's technology supports various applications, including Distributed Temperature Sensing (DTS) for leak detection and integrity monitoring, as well as Distributed Acoustic Sensing (DAS) for fluid movement visualization and flow pattern recognition. Its solutions, such as the Z-Rod and Z-Line, are designed for safe deployment into producing or injecting wells, providing operators with critical data to enhance production efficiency and safety. Ziebel also maintains a web platform, Z-Community, to facilitate resource sharing and training for its employees and partners worldwide.

Stingray Geophysical

Venture Round in 2006
Stingray Geophysical specializes in providing Permanent Reservoir Monitoring (PRM) solutions tailored for the global oil and gas industry. The company offers reliable and cost-effective services that assist energy companies in monitoring the movement, levels, and pressure of hydrocarbons within reservoirs. Through its advanced seismic technology, Stingray Geophysical enables clients to enhance production, boost hydrocarbon reserves, and effectively manage associated risks and costs.

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 and fabrication of advanced systems for offshore oil and gas production. The firm focuses on turret mooring systems designed to facilitate the safe loading and transport of oil and gas by ships. APL's innovative solutions enhance the efficiency of floating production, storage, and offloading vessels, as well as other offshore vessels and terminals. By streamlining offshore loading and transport processes, APL plays a critical role in the energy sector, addressing the complexities associated with the storage and transportation of hydrocarbons.

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 provides seismic services for the international oil and gas industry. The SeaBird Exploration group has played an active role in the seismic market since 1996 and is one of the largest provider of 2D, Source and Shallow water 2D/3D seismic services in the industry. Their independent position enables us to offer a full range of services to oil and seismic companies world wide. SeaBird Exploration’s main goals are customer satisfaction with commitment to quality, health, safety, environment, and service which are assured by compliance to Their QHSE program.
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