Chevron

Chevron Corporation is a leading integrated energy company involved in various aspects of the oil and gas industry, including exploration, production, refining, marketing, and chemicals manufacturing. Headquartered in San Ramon, California, the company operates globally, with significant production activities across North America, South America, Europe, Africa, Asia, and Australia. Chevron produces approximately 3.1 million barrels of oil equivalent per day, alongside refining capacity of 1.8 million barrels per day. The company markets fuels, lubricants, and petrochemical products under well-known brands such as Chevron, Texaco, and Caltex. Additionally, Chevron Technology Ventures serves as the company's venture capital arm, investing in early-stage companies and emerging technologies to enhance operational efficiency and foster future energy solutions, including renewable energy and advanced materials. Chevron is committed to developing technology for hydrogen-powered fuel cells and other sustainable energy resources while maintaining a strong focus on traditional oil and gas operations.

Karl Allen

Principal

Kemal Anbarci

Vice President and Managing Executive

Paul Bennett

Vice President and Treasurer

Nicholas Brumvele

Investor

Thomas Bunting

Principal

Barbara Burger

President

JB Clavaud

Investor

Stuart Coleman

Principal

Edem Dzakpasu

Principal

Chevron Equipment Finance

Finance Broker

Niaz Faruqui

Principal

Nabeel Hasnain

Principal

James Johnson

Executive Vice President and Executive

Pawel Konzal

Investor

Bruce L. Niemeyer

Vice President, Strategic Planning

Ryan Owen

Investor

Rich Pardoe

Venture Executive

Luca Rigo de Righi

Investor

Michael K. Wirth

Chairman of the Board and CEO

Past deals in Oil and Gas Exploration

Sapphire Technologies

Series A in 2021
Sapphire Technologies specializes in the development, manufacturing, and sale of energy recovery systems tailored for industrial and commercial applications involving natural gas and hydrogen. The company's innovative systems are designed to harness energy lost during pressure reduction processes, converting it into electric power while ensuring that manufacturing and processing activities remain uninterrupted. This technology enhances the efficiency of energy transportation through pipelines over long distances, contributing to safer and more effective delivery within local distribution networks.

Seeq

Series C in 2021
Seeq Corporation specializes in analytics software designed for processing industrial manufacturing data. The company's flagship application, Seeq, enables users to analyze time-series data, search and cleanse data, model information, identify patterns, and monitor assets while facilitating real-time collaboration. Seeq integrates data from various historians, such as OSIsoft PI, Honeywell PHD, and GE Proficy, as well as relational databases like SQL Server, Oracle, and MySQL. The platform serves a wide range of industries, including food and beverage, oil and gas, pharmaceuticals, and utilities, helping organizations derive actionable insights from their process data. Founded in 2013 and based in Seattle, Washington, Seeq aims to enhance business decision-making and operational performance through improved data analysis and collaboration.

Ocergy

Series A in 2021
Ocergy is focusing on the development of complex ocean systems solving energy and environmental challenges. OCG-Wind is a low-cost foundation supporting the new generation of very large offshore wind turbines. The innovative hull allows the platform to have a very light weight, a necessity to reduce LCOE. It is tailored towards ease of industrialization, to bring flexibility in fabrication and increase the use of a local supply chain in the project fabrication life cycle.OCG-Data is an innovative multi-disciplinary ocean observer for complete offshore site assessment. It has enough footprint to host and power multiple instrumentation packages for resource and environmental characterization. Underwater biodiversity monitoring relies on the combination of restoration technologies and passive acoustic monitoring arrays. The buoy also hosts a bird and bat detection and identification system. OCG-Data provides high-quality data including ecological information for stakeholders' engagement.

Eavor

Venture Round in 2021
Eavor Technologies Inc. is a geothermal technology company based in Calgary, Canada, founded in 2017. It focuses on creating a clean and reliable energy future through its innovative Eavor-Loop™ system, which extracts heat from deep within the Earth for commercial heating and electricity generation. This system employs advanced drilling techniques and integrates existing commercial components in a novel configuration, allowing for scalable and steady green power production. Eavor's technology circulates a benign working fluid in a closed loop, isolating it from the environment while harvesting heat from geologically accessible rock temperatures. The company also operates the Eavor-Lite™ Demonstration Project as a prototype for its technology suite, addressing challenges traditionally associated with geothermal energy.

Blue Planet

Series C in 2020
Blue Planet, Ltd. is a California-based company that focuses on developing and commercializing an innovative solution for CO2 mitigation. Established in 2013, the company's biomimetic technology captures CO2 and converts it into carbonate rocks, which serve as a sustainable alternative to natural limestone mined for construction purposes. By utilizing its Liquid Condensed Phase (LCP) Technology, Blue Planet transforms CO2 emissions from industrial sources into CarbonMix materials, including aggregates suitable for building and highway projects. This approach distinguishes Blue Planet from conventional CO2 capture methods, as it eliminates the need for energy-intensive purification processes, resulting in a more efficient and cost-effective solution for carbon capture. The company aims to facilitate the use of its carbon-sequestered aggregates in concrete applications, contributing to a more sustainable construction industry.

Seeq

Series B in 2020
Seeq Corporation specializes in analytics software designed for processing industrial manufacturing data. The company's flagship application, Seeq, enables users to analyze time-series data, search and cleanse data, model information, identify patterns, and monitor assets while facilitating real-time collaboration. Seeq integrates data from various historians, such as OSIsoft PI, Honeywell PHD, and GE Proficy, as well as relational databases like SQL Server, Oracle, and MySQL. The platform serves a wide range of industries, including food and beverage, oil and gas, pharmaceuticals, and utilities, helping organizations derive actionable insights from their process data. Founded in 2013 and based in Seattle, Washington, Seeq aims to enhance business decision-making and operational performance through improved data analysis and collaboration.

Noble Energy

Acquisition in 2020
Noble Energy is an independent oil and natural gas exploration and production company. The Company operates a high-quality portfolio of assets onshore in the United States and offshore in the Eastern Mediterranean and off the west coast of Africa.

Seeq

Series B in 2019
Seeq Corporation specializes in analytics software designed for processing industrial manufacturing data. The company's flagship application, Seeq, enables users to analyze time-series data, search and cleanse data, model information, identify patterns, and monitor assets while facilitating real-time collaboration. Seeq integrates data from various historians, such as OSIsoft PI, Honeywell PHD, and GE Proficy, as well as relational databases like SQL Server, Oracle, and MySQL. The platform serves a wide range of industries, including food and beverage, oil and gas, pharmaceuticals, and utilities, helping organizations derive actionable insights from their process data. Founded in 2013 and based in Seattle, Washington, Seeq aims to enhance business decision-making and operational performance through improved data analysis and collaboration.

Puma Energy Australia

Acquisition in 2019
Puma Energy Australia Holdings Pty Ltd specializes in the storage, distribution, and retail sale of fuel products across various sectors. The company provides a wide range of offerings, including bulk fuels such as diesel, biodiesel, and aviation fuels, as well as oils, lubricants, and bitumen. Puma Energy operates a network of fuel service stations, unmanned sites, and bulk seaboard terminals, serving industries like mining, agriculture, transport, marine, and aviation. Additionally, the company offers fuel storage solutions and equipment for lease or sale, alongside customized fleet fuel card solutions and expert fuel management advice. Founded in 2010 and based in Hamilton, Australia, Puma Energy operates as a subsidiary of Chevron Australia Downstream Pty Ltd.

Ingu

Series A in 2019
Ingu Solutions Inc., based in Calgary, Canada, specializes in the development of miniaturized mobile sensors designed for pipeline inspection. The company has introduced Pipers, an innovative screening tool that identifies risks and performance issues in pipelines. This technology is capable of detecting and locating leaks, geometric defects, magnetic anomalies, and deposits in pipelines as small as 2 inches in diameter. By facilitating inline inspections that can occur more frequently and at a lower cost, Ingu Solutions addresses the challenges posed by aging pipeline infrastructure and the limitations of traditional inspection methods. Their self-serve inspection model significantly reduces engineering and downtime costs, making pipeline integrity programs more accessible for a diverse range of clients. Ingu Solutions' approach enables continuous access to real-time condition-critical data, empowering clients to enhance their planning and decision-making processes.

Carbon Engineering

Private Equity Round in 2019
Carbon Engineering Ltd. is a Canadian clean energy company established in 2009, headquartered in Squamish, British Columbia. The company specializes in developing and commercializing technology that captures carbon dioxide (CO2) directly from the atmosphere. Its innovative chemical-based CO2 air capture system allows large facilities to address emissions from various sources, facilitating the management of emissions associated with vehicles, airplanes, and buildings. Carbon Engineering's technology includes an air contactor and a regeneration cycle that enables continuous capture of atmospheric CO2 and the production of pure carbon dioxide. Since 2015, the company has been actively removing CO2 from the atmosphere, and as of December 2017, it has also been synthesizing this captured carbon into clean, affordable transportation fuels.

Carbon Engineering

Series A in 2019
Carbon Engineering Ltd. is a Canadian clean energy company established in 2009, headquartered in Squamish, British Columbia. The company specializes in developing and commercializing technology that captures carbon dioxide (CO2) directly from the atmosphere. Its innovative chemical-based CO2 air capture system allows large facilities to address emissions from various sources, facilitating the management of emissions associated with vehicles, airplanes, and buildings. Carbon Engineering's technology includes an air contactor and a regeneration cycle that enables continuous capture of atmospheric CO2 and the production of pure carbon dioxide. Since 2015, the company has been actively removing CO2 from the atmosphere, and as of December 2017, it has also been synthesizing this captured carbon into clean, affordable transportation fuels.

Seeq

Series B in 2018
Seeq Corporation specializes in analytics software designed for processing industrial manufacturing data. The company's flagship application, Seeq, enables users to analyze time-series data, search and cleanse data, model information, identify patterns, and monitor assets while facilitating real-time collaboration. Seeq integrates data from various historians, such as OSIsoft PI, Honeywell PHD, and GE Proficy, as well as relational databases like SQL Server, Oracle, and MySQL. The platform serves a wide range of industries, including food and beverage, oil and gas, pharmaceuticals, and utilities, helping organizations derive actionable insights from their process data. Founded in 2013 and based in Seattle, Washington, Seeq aims to enhance business decision-making and operational performance through improved data analysis and collaboration.

LUX Assure

Venture Round in 2016
LUX Assure is a division of LUX Innovate Limited. LUX specialises in delivering robust, highly sensitive and simple to use chemical monitoring technologies for both offshore and onshore use. The novelty of their approach has been recognised by the oil and gas industry and they have won awards for innovation. Their products include technologies for monitoring scale, corrosion and hydrate inhibitors in both water and hydrocarbons.

Ziebel

Venture Round in 2014
Founded in Stavanger, Norway in 2006, Ziebel provides specialist well intervention services to the global oil and gas industry. Ziebel is dedicated to enhancing production effectively and economically through its pioneering well intervention technologies, including the Z-System™. This proprietary fiber optic composite rod technology makes it possible to access and visualize the entire well bore in real-time.

Zilift

Venture Round in 2012
ZiLift Limited, an oil and gas technology company, develops magnet technologies to put downhole pumps. The company provides TorqueDrive, a down-hole drive for progressing cavity pumps using permanent magnet motor and gear technologies; and SpeedDrive technology, a centrifugal pump designed for deploying on cable through the production tubing. The company was incorporated in 2009 and is based in Aberdeen, United Kingdom with a location in Bakersfield, California.

Atlas Energy

Acquisition in 2010
Atlas Energy Group, LLC is engaged in the development and production of natural gas, crude oil, and natural gas liquids across various regions in the United States. The company has significant interests in the Eagle Ford Shale in southern Texas, the Marble Falls play in the Fort Worth Basin, and the Mississippi Lime play in northwestern Oklahoma. Additionally, Atlas Energy focuses on the Appalachian Basin for its natural gas production. It sponsors and manages tax-advantaged investment partnerships to finance the exploration and development of its properties. Founded in 2011 and headquartered in Fort Worth, Texas, Atlas Energy aims to leverage its assets and partnerships to enhance its operational capabilities in the energy sector.

Stingray Geophysical

Venture Round in 2010
Stingray Geophysical specializes in delivering seismic Permanent Reservoir Monitoring (PRM) solutions tailored for the global oil and gas industry. The company's offerings enable clients to monitor critical parameters such as the movement, levels, and pressure of hydrocarbons within reservoirs. By providing reliable and cost-effective technologies, Stingray Geophysical helps oil and gas companies enhance production efficiency, increase hydrocarbon reserves, and mitigate risks associated with reservoir management.

Soane Energy

Venture Round in 2009
Soane Energy is developing and applying innovative chemical solutions based on polymers and surface science to help meet this worldwide "hunger for energy" in a practical, immediate and environmentally responsible way. Through its contributions to the energy industry, Soane Energy believes it will have a profound effect on improving the health of the planet while generating significant returns to company shareholders.

DynaPump

Series C in 2008
DynaPump, Inc. specializes in the manufacture, sale, and servicing of surface-mounted artificial lift systems designed for the oil and gas industry, aiming to enhance the production efficiency of oil and gas wells. Established in 1992, the company commenced commercial operations in 1999 and has successfully sold over 400 units across various regions, including North America, South America, and the Middle East. DynaPump's product offerings include pumping units that incorporate hydraulic cylinders, pulley systems, and gas reservoirs, as well as power units featuring hydraulic pump systems and control centers. The company provides support through its own service centers in the United States and utilizes local distributors for international sales and service.

DynaPump

Series C in 2007
DynaPump, Inc. specializes in the manufacture, sale, and servicing of surface-mounted artificial lift systems designed for the oil and gas industry, aiming to enhance the production efficiency of oil and gas wells. Established in 1992, the company commenced commercial operations in 1999 and has successfully sold over 400 units across various regions, including North America, South America, and the Middle East. DynaPump's product offerings include pumping units that incorporate hydraulic cylinders, pulley systems, and gas reservoirs, as well as power units featuring hydraulic pump systems and control centers. The company provides support through its own service centers in the United States and utilizes local distributors for international sales and service.

SpectraSensors

Series C in 2007
SpectraSensors, Inc. manufactures precision optical laser-based gas analyzers primarily for the energy and petrochemical sectors. The company's product offerings include a range of analyzers designed for air monitoring, moisture, dew point, and hydrogen sulfide detection, suitable for applications in natural gas pipelines, petrochemical refineries, and chemical processing. SpectraSensors' gas analyzers can measure various gas concentrations, including moisture, carbon dioxide, hydrogen sulfide, methane, ammonia, and ethylene oxide. Additionally, the company provides communication software systems for data acquisition and monitoring, enhancing operational efficiency in custody transfer metering. With an international distribution network, SpectraSensors serves clients across North America, Europe, the Pacific Rim, Australia, and Asia. Founded in 1998, it is headquartered in Houston, Texas, and has engineering, design, and manufacturing operations in Rancho Cucamonga, California. In 2012, the company was acquired by Endress+Hauser, a global leader in industrial measurement instrumentation and solutions.

OpenSpirit

Venture Round in 2007
OpenSpirit specializes in providing integration solutions for upstream applications and data within the oil and gas industry. Its core product, the OpenSpirit application integration framework, facilitates interoperability among various vendors' applications and data sources. This enables end users to efficiently manage critical workflows and conduct essential analyses in the geotechnical sector. By focusing on optimizing workflows rather than just specific software or hardware technologies, OpenSpirit enhances productivity and adds economic value to data sets, ultimately supporting users in maximizing the effectiveness of their operations.

Stingray Geophysical

Series A in 2006
Stingray Geophysical specializes in delivering seismic Permanent Reservoir Monitoring (PRM) solutions tailored for the global oil and gas industry. The company's offerings enable clients to monitor critical parameters such as the movement, levels, and pressure of hydrocarbons within reservoirs. By providing reliable and cost-effective technologies, Stingray Geophysical helps oil and gas companies enhance production efficiency, increase hydrocarbon reserves, and mitigate risks associated with reservoir management.

Stingray Geophysical

Venture Round in 2006
Stingray Geophysical specializes in delivering seismic Permanent Reservoir Monitoring (PRM) solutions tailored for the global oil and gas industry. The company's offerings enable clients to monitor critical parameters such as the movement, levels, and pressure of hydrocarbons within reservoirs. By providing reliable and cost-effective technologies, Stingray Geophysical helps oil and gas companies enhance production efficiency, increase hydrocarbon reserves, and mitigate risks associated with reservoir management.

Unocal

Acquisition in 2005
Unocal Corporation explores, develops, and produces natural gas, crude oil, condensate, and natural gas liquids.

Texaco

Acquisition in 2000
Texaco, founded in 1901 following the discovery of oil at Spindletop, Texas, has grown into a globally recognized brand in the petroleum industry. The company distributes a range of petroleum products, primarily through gas stations that provide competitive pricing for motorists. Texaco is known for its innovative offerings, such as Texaco Fire Chief Gasoline, and has built a strong cultural presence in America, exemplified by its memorable advertising campaigns and endorsements. The brand emphasizes quality and performance, notably through its Techron technology, which enhances engine cleanliness and efficiency. Despite its long history, Texaco remains focused on the future while honoring its rich heritage, serving as a reliable choice for consumers on the road.
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