Equinor
Equinor is a Norway-based integrated energy company, established in 1972, that engages in the exploration, development, and production of oil and gas, as well as renewable energy sources like wind and solar power. It operates globally, with a significant presence on the Norwegian Continental Shelf, and produces a substantial amount of oil and gas, including refined products such as petrol, diesel, and natural gas. Additionally, Equinor invests in innovative companies through its venture capital arm, Equinor Ventures, focusing on energy, technology, and climate solutions, with a preference for minority stakes and a typical investment range of $1 million to $20 million.
Sapphire Technologies
Series B in 2023
Sapphire Technologies specializes in the development, manufacturing, and sale of energy recovery systems for industrial and commercial applications involving natural gas and hydrogen. The company’s innovative systems are engineered to convert waste energy generated during pressure reduction processes into electric power, all while ensuring that manufacturing and processing activities remain uninterrupted. By enabling businesses to recover this otherwise wasted pressure energy, Sapphire Technologies assists in maximizing plant efficiencies, enhancing productivity, and reducing carbon emissions. Additionally, their solutions help offset electrical costs and create cash flow opportunities for companies, contributing to more sustainable operations in the energy sector.
Sapphire Technologies
Series A in 2021
Sapphire Technologies specializes in the development, manufacturing, and sale of energy recovery systems for industrial and commercial applications involving natural gas and hydrogen. The company’s innovative systems are engineered to convert waste energy generated during pressure reduction processes into electric power, all while ensuring that manufacturing and processing activities remain uninterrupted. By enabling businesses to recover this otherwise wasted pressure energy, Sapphire Technologies assists in maximizing plant efficiencies, enhancing productivity, and reducing carbon emissions. Additionally, their solutions help offset electrical costs and create cash flow opportunities for companies, contributing to more sustainable operations in the energy sector.
Upwing Energy
Venture Round in 2018
Upwing Energy, Inc. specializes in artificial lift technology designed to enhance gas production in both conventional and unconventional wells. The company offers innovative solutions, including the Upwing Subsurface Compressor Systems, which improve gas well performance by allowing higher drawdown and increasing recoverable reserves while reducing energy consumption. Its magnetic drive system leverages advanced magnetic technologies to drive and levitate the rotor within a retrievable string, eliminating the need for mechanical or electrical connections to enhance oil production. Upwing Energy's products are applicable in both onshore and offshore subsea wells. Founded in 2015 and headquartered in Cerritos, California, Upwing Energy operates as a subsidiary of Calnetix Technologies, LLC. The company's mission is to maximize production and recovery rates for natural gas resources globally, ultimately increasing its customers' economic returns on production assets.
Petrobras is a Brazil-based integrated energy company, established in 1953 and controlled by the Brazilian government. The company specializes in the exploration and production of oil and gas, primarily in offshore fields, where it has developed advanced technology for deep and ultra-deep water extraction. In 2023, Petrobras produced 2.8 million barrels of oil equivalent per day, with oil making up 80% of this output, and its reserves totaled 10.9 billion barrels of oil equivalent, consisting of 85% oil. Petrobras operates ten refineries in Brazil, with a combined capacity of 1.8 million barrels per day, and is involved in the distribution of refined products and natural gas across the country. The company is recognized for its commitment to socio-environmental responsibility and has been listed on the Dow Jones Sustainability Index since 2006, reflecting its focus on improving corporate governance and adhering to international transparency standards.
Brigham Exploration
Acquisition in 2011
Brigham is an independent exploration and production company that applies 3-D seismic imaging and other advanced technologies to systematically explore and develop onshore domestic natural gas and oil provinces. With this focus, Brigham has achieved rapid growth in reserves, potential drilling locations and 3-D seismic data.
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