News updates—Equinor Technology Ventures

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

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

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

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

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.

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

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

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

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

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.

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.

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.

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

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.

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 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.

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

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

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

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

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

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).

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

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.

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

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

Our new name reflects that we are now an active player in shaping the future of energy in Equinor.

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

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

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

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

Yokogawa Electric Corporation has acquired 100% of TechInvent.

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