Chevron Technology Ventures

Chevron Technology Ventures is the corporate venture capital arm of Chevron Corporation, focused on scouting, funding, testing, validating, and integrating emerging technologies into Chevron's core businesses. Founded in 1999 and based in Houston, with a presence in California, it identifies early-stage companies across the United States and pursues opportunities in areas such as industrial decarbonization, emerging mobility, energy decentralization, circular economy, water management, advanced materials, hydrogen infrastructure, sensors, and related digital technologies. The team collaborates with startups to develop and commercialize technologies that can enhance Chevron's operations, reduce costs, and improve performance, acting as an innovation partner that helps Chevron adopt new capabilities while aligning with the company's strategy.

Karl Allen

Principal

Kemal Anbarci

Investor

Nicholas Brumvele

Investor

JB Clavaud

Investor

Stuart Coleman

Principal

Past deals in Oilfield Services

ZENRG Services

Series A in 2024
ZENRG Services offers piping services through fluid transfer services in the oil and gas sector.

Panzura

Series E in 2017
Panzura is a provider of enterprise storage infrastructure designed for cloud-era data management. Its Global Cloud Storage System combines an on-premise controller with the Global File System and software that orchestrates the system, enabling cloud-enabled NAS-like file sharing and multi-site collaboration across locations and workloads. The platform supports cloud integration, archiving, and data protection across multi-cloud environments, with products for cloud-based long-term storage and multi-cloud file services. Panzura targets industries such as architecture, engineering and construction, oil and gas, entertainment, healthcare, manufacturing, and legal, helping organizations consolidate dispersed data, gain visibility, improve cyber resilience, and enable AI-ready access to files where and when needed. The company emphasizes a unified data engine that transforms cloud object storage into a scalable file system, with on-prem and cloud components, and provides professional services and support.

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.

Panzura

Series C in 2012
Panzura is a provider of enterprise storage infrastructure designed for cloud-era data management. Its Global Cloud Storage System combines an on-premise controller with the Global File System and software that orchestrates the system, enabling cloud-enabled NAS-like file sharing and multi-site collaboration across locations and workloads. The platform supports cloud integration, archiving, and data protection across multi-cloud environments, with products for cloud-based long-term storage and multi-cloud file services. Panzura targets industries such as architecture, engineering and construction, oil and gas, entertainment, healthcare, manufacturing, and legal, helping organizations consolidate dispersed data, gain visibility, improve cyber resilience, and enable AI-ready access to files where and when needed. The company emphasizes a unified data engine that transforms cloud object storage into a scalable file system, with on-prem and cloud components, and provides professional services and support.

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.

Panzura

Series B in 2010
Panzura is a provider of enterprise storage infrastructure designed for cloud-era data management. Its Global Cloud Storage System combines an on-premise controller with the Global File System and software that orchestrates the system, enabling cloud-enabled NAS-like file sharing and multi-site collaboration across locations and workloads. The platform supports cloud integration, archiving, and data protection across multi-cloud environments, with products for cloud-based long-term storage and multi-cloud file services. Panzura targets industries such as architecture, engineering and construction, oil and gas, entertainment, healthcare, manufacturing, and legal, helping organizations consolidate dispersed data, gain visibility, improve cyber resilience, and enable AI-ready access to files where and when needed. The company emphasizes a unified data engine that transforms cloud object storage into a scalable file system, with on-prem and cloud components, and provides professional services and support.

Atlas Energy

Acquisition in 2010
Atlas Energy Group, LLC, established in 2011 and headquartered in Fort Worth, Texas, is engaged in the development and production of natural gas, crude oil, and natural gas liquids. The company's primary operations are in the Eagle Ford Shale in southern Texas, the Marble Falls play in the Fort Worth Basin in northern Texas, and the Mississippi Lime play in northwestern Oklahoma. Additionally, Atlas Energy invests in master limited partnerships and qualifying energy-related businesses and assets.

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.

Soane Energy

Venture Round in 2009
Soane Energy LLC is a specialty materials company based in Cambridge, Massachusetts, that develops innovative chemical solutions for the oil and gas industry. Founded in 2006, the company focuses on applying polymer and surface science technologies to enhance operational efficiency while minimizing environmental impact. Its product offerings include self-suspending technology that aids in proppant suspension and transport, friction-reducing agents, and systems designed to remove impurities from hydraulic fracturing wastewater. Additionally, Soane Energy provides processes for treating wastewater generated from Canadian oil sands extraction. Through these advancements, the company aims to address global energy demands responsibly and contribute positively to environmental health.

DynaPump

Series C in 2008
DynaPump, Inc. is a manufacturer of surface-mounted artificial lift systems specifically designed for the oil and gas industry, aimed at optimizing the production of oil and gas wells. Established in 1992, the company began commercial sales in 1999 and has since sold over 400 units across diverse markets, including North America, South America, and the Middle East. DynaPump provides comprehensive solutions that include pumping units, hydraulic systems, and control centers, as well as a range of services such as site service and project management. To support its products, the company operates service centers across the United States and collaborates with local distributors for international sales and service, ensuring broad accessibility and support for its technology.

DynaPump

Series C in 2007
DynaPump, Inc. is a manufacturer of surface-mounted artificial lift systems specifically designed for the oil and gas industry, aimed at optimizing the production of oil and gas wells. Established in 1992, the company began commercial sales in 1999 and has since sold over 400 units across diverse markets, including North America, South America, and the Middle East. DynaPump provides comprehensive solutions that include pumping units, hydraulic systems, and control centers, as well as a range of services such as site service and project management. To support its products, the company operates service centers across the United States and collaborates with local distributors for international sales and service, ensuring broad accessibility and support for its technology.

SpectraSensors

Series C in 2007
SpectraSensors, Inc. is a manufacturer of precision optical laser-based gas analyzers tailored for the energy and petrochemical sectors. The company offers a range of products, including air monitoring systems, moisture and dew point analyzers, and detectors for hydrogen sulfide and other gases. These analyzers are designed for applications involving natural gas pipelines, petrochemical refineries, and chemical companies, where they monitor gas concentrations and environmental conditions. In addition to its gas analyzers, SpectraSensors provides communication software systems for data acquisition and control, enhancing the monitoring of custody transfer metering and field devices. Incorporated in 1998 and headquartered in Houston, Texas, the company also conducts engineering and manufacturing operations in Rancho Cucamonga, California. SpectraSensors has an extensive international distribution network, serving markets in North America, Europe, the Pacific Rim, Australia, and Asia. In 2012, the company was acquired by Endress+Hauser, a leading global provider of measurement instrumentation and solutions for industrial processes.

OpenSpirit

Venture Round in 2007
OpenSpirit is a technology company specializing in integration solutions for the upstream oil and gas industry. It offers an application integration framework called OpenSpirit, which facilitates seamless interaction between various vendors' software applications and datasets. This enables oil and gas companies to streamline their workflows, enhance productivity, and maximize the value of their data without being constrained by proprietary systems or formats.

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.

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.
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