News updates—Equinor Ventures

Equinor invests in Earth Science Analytics

(2 September 2020) Equinor Ventures has completed an investment in Earth Science Analytics AS - a company at the forefront of artificial intelligence in petroleum geoscience.

Equinor invests in Water Linked AS

(July 3, 2020) Equinor Ventures has completed an investment in Water Linked AS

Equinor Ventures invests in Carbon Clean Solutions Ltd.

Equinor invests in fusion energy

(May 26, 2020) Equinor Technology Ventures has acquired a minority shareholding in Commonwealth Fusion Systems (CFS), a leading developer of fusion energy technology.

Equinor Technology Ventures invests in Intelligent Mud Solutions

(Dec. 12, 2019) Equinor Technology Ventures is pleased to announce an investment in Intelligent Mud Solutions (IMS).

ETV enters into a LOOP agreement with Exedra AS

Stavanger start-up Exedra has developed a new solution for verification of barriers intended for slot recovery or permanent P&A of wells

ETV invests in Canadian start-up Interface Fluidics

(Aug. 27, 2019) Equinor Technology Ventures and Techstars Co-Lead Investment into Nanotechnology Company

OCTIO takes gravimetry measurements to the next level

(Aug. 23, 2019) OCTIO Gravitude recently acquired gravimetry and depth data of unprecedented quality on the Snøhvit, Albatross and Askeladd fields with gWatch technology

Shell Ventures invests in Corvus Energy.

(Aug. 14, 2019) Shell Ventures has completed a major investment in Corvus, a company which develops maritime energy storage solutions to a global market.

Sekal AS has been sold

Sumitomo Corporation has acquired a majority stake in Sekal AS, a software technology company offering real time dynamic analytics and automated drilling process control for the oil & gas sector.

Enhanced Drilling successfully sold

ETV are pleased to announce the sale of Enhanced Drilling to Enhanced Well Technologies AS.

ETV invests in Blockchain Start-up Data Gumbo

The investment follows the digitalization effort within Equinor to streamline the contract execution in D&W and US Onshore

ETV enters into a LOOP agreement with Interface Fluidics

Equinor awarded OCTIO gravimetry contract

OCTIO Gravitude has been awarded a five-year exclusive contract for Equinor gravimetry services on the NCS for the new generation gWatch technology.

ETV enters into a LOOP agreement with Hello Nesh Inc

Nesh is the Smart Assistant that will help Equinor make better and faster decisions by organizing the collective knowledge and making it effortlessly accessible.

ETV enters into a LOOP agreement with Finnish Rocsole Oy

The project has the aim of developing and testing Rocsole’s intelligent inline inspection sensor (smart pig) based on electrical capacitance tomography (ECT) technology, with capabilities to identify, quantify and differentiate depositions of wax, hydrates, scale and asphaltenes in pipelines.

ETV supports the new pilot-driven accelerator Eunike Ventures

Eunike Ventures is a “hybrid technology accelerator” backed by the operators Equinor, Hess and Anadarko. As a first of its kind, it aims to ensure rapid testing and deployment of new technologies.

Gravitude success on Aasta Hansteen and Ormen Lange

A Joint Industry Project between Octio Gravitude, Equinor and Shell achieved the objectives of reducing HSE exposure, reducing cost and improving data quality during gravimetry surveys. The new gWatch technology is now fully qualified in Equinor.

ETV enters into a LOOP agreement with Grip Offshore AS

The project will mature and develop an electric manipulator (arm) to be used on a Work class Remotely Operated Vehicle (WROV).

Sekal AS awarded DrillTronics contract at Mariner

Following recent successes with DrillTronics at Songa Enabler, ETV portfolio company Sekal AS has been awarded a new contract with Equinor. At Mariner, Sekal will deliver DrillTronics for use both in an onshore simulator and for use offshore.

ETV invests in stroke diagnostics start-up

The investment follows clinical trials initiated in cooperation between Helse Vest, the Norwegian Air Ambulance Service and Equinor to improve stroke care provision at offshore installations and society at large.

ETV enters a LOOP agreement with Scout Drone Inspection AS.

The project will mature and develop solutions with the aim of enabling more efficient drone based inspections and NDT in GPS-denied environments.

Eelume to be piloted at Åsgard

After extensive development and testing, the Eelume snake robot is now planned to be piloted offshore at the Åsgard field in the Norwegian Sea.

Techstars Energy accelerator launched

Statoil, Kongsberg, McKinsey and Techstars have partnered to form the Techstars Energy accelerator

Raptor Oil secures funds worth £4.2m for product development

Raptor, which is developing a groundbreaking acoustic telemetry system, has secured funding from STI, ConocoPhillips, Scottish Enterprise and OGTC.

STI's portfolio company Corvus Energy wins contract to provide battery systems for hybrid fishing vessels

Seven new supply vessels in Statoil’s charter to be powered by Corvus Energy

STI portfolio company Corvus Energy has won seven contracts to hybridize supply vessels in Statoil’s charter.

STI invests in Raptor Oil

Statoil Technology Invest has closed a follow-on investment in Raptor Oil Ltd which brings STI’s ownership in the Scottish company to 29% (23% fully diluted).

Norbit aquires Aptomar

Statoil Technology Invest has supported Aptomar through the LOOP program and with equity funding since 2007.

Equinor Technology Ventures invests in methane detection startup SeekOps Inc.

Reveal wins prestigious price for Engineering Innovation

Reveal’s IMAGE Frac™ 2.0 pressure-based fracture maps has been chosen by E&P Magazine as one of the 14 winners of the 2018 Special Meritorious Awards for Engineering Innovation. The price was announced at the Offshore Technology Conference (OTC) in Houston.

Technology originated from start-up company critical for game changing lifting operation

STI has closed an investment in Sharp Reflections

STI has invested in software provider delivering more efficient interpretation of pre-stack seismic data.

Nabors Industries to Acquire Robotic Drilling Systems

Equinor will broadly implement Ambyint’s IoT solution to optimize production in North Dakota

STI invests in the artificial intelligence startup Ambyint

Statoil Technology Invest has together with GE Ventures, Mercury Fund and Cottonwood Venture Partners closed a series A funding round in Ambyint.

ETV invests in new artificial lift technology from Upwing

Start-ups instrumental in reducing drilling costs

Norwegian start-ups Sekal and IMS have been instrumental to the automated drilling control (ADC) success story.

New LOOP agreement with Icon Instruments AS

STI has signed a LOOP contract with the Stavanger based company Icon Instruments AS.

Hydrophilic's potential ground-breaking technology supported by LOOP

ETV has entered into a LOOP agreement with Stavanger based Hydrophilic AS with the aim of reducing the amount of exploration and appraisal wells while reducing CO2 emissions.

Technology Showcase 2017

The Technology Showcase was successfully arranged for the 5th time at the Statoil Business Center in Stavanger last week.

Aker BP investing in Fishbones

Aker BP has invested in and acquired a 17 % stake in the company Fishbones AS (“Fishbones”).

Yokogawa aquires TechInvent

Yokogawa Electric Corporation has acquired 100% of TechInvent.

Global aluminum supplier Hydro makes significant investment in Corvus Energy

Equinor Technology Ventures (ETV) has entered a LOOP agreement with qWave AS

qWave is developing an innovative tool to increase subsurface understanding, providing operators critical information for more cost-efficient field development.