HitecVision

NEO Energy is an energy exploration and production company focused on the North Sea basin. The company aims to create value while adhering to high Environmental, Social, and Governance standards. NEO Energy possesses a sustainable asset base with significant potential for organic growth, particularly through the extension of its existing assets. The company specializes in the appraisal, development, and production of energy resources, with a goal of achieving a production level of 120,000. Additionally, NEO Energy is positioned to acquire other companies within the same industry to enhance its operations and market presence.

Sval Energi, founded in 2019, is an energy company focused on establishing a diverse asset base. The firm holds interests in significant infrastructure, including the Polarled pipeline and Gassled, the world's largest offshore gas transmission system. Sval Energi is involved in the exploration and development of oil and gas reserves and also owns a wind park project in Finland. The company aims to address the growing demand for clean energy while recognizing the importance of reducing the industry's carbon footprint. Through its gas processing and transportation services, Sval Energi supports energy distribution by maintaining and enhancing infrastructure, enabling efficient gas transport for its clients.

Vår Energi is a next generation oil and gas operator on the NCS. Vår Energi's core business is to maximize value through safe and responsible exploration, development and production of hydrocarbons. Vår Energi was established in 2018 in Rogaland, Norway.

Kvaerner is an international company based in Oslo, Norway, specializing in engineering, procurement, and construction (EPC) services for the oil and gas industry. With decades of experience, Kvaerner is recognized as a leader in delivering complete offshore platforms and onshore process plants, particularly in challenging environments with strict budgets and timelines. The company emphasizes health, safety, security, and environmental considerations in all its operations, while also prioritizing cost control and efficiency to ensure predictable project delivery. Kvaerner's workforce consists of around 2,800 skilled employees, supported by strategic partnerships with subcontractors and suppliers. The company has a rich history, having evolved from businesses established during the Industrial Revolution, and underwent significant transformations, including a merger with Aker Maritime in 2002 and a subsequent demerger in 2010, which solidified its position as a specialized EPC contractor in the global market. Through its projects, Kvaerner aims to add value to its clients and contribute positively to local communities.

NSSI is an investment platform that has been established to acquire shares in selected oil service companies.

NSSI is an investment platform that has been established to acquire shares in selected oil service companies.

Aquamarine Subsea AS is an international service company based in Stavanger, Norway, with additional offices in Jørpeland, Vestby, and Houston, Texas. It specializes in providing material technology solutions and asset integrity services to the oil and gas drilling and subsea sectors. The company offers a wide range of services, including thermal coating, welding solutions, and fabrication, repair, and maintenance for various drilling equipment and pressure control systems. Additionally, Aquamarine Subsea provides engineering services such as mechanical and hydraulic system design, third-party inspection, and product research and development. Its product offerings include BOP-stack frame systems, well capping systems, and various tools for drill pipe handling and testing. By focusing on asset management and life cycle service solutions, the company serves rig owners, operators, and original equipment manufacturers in the global drilling and subsea markets. Aquamarine Subsea was incorporated in 2013.

Reef Subsea is a privately held company that provides specialist subsea services to offshore oil and gas and telecommunication industries.

DeepWell is a well intervention company based near Haugesund, Norway, specializing in wireline services for the oil industry. The company focuses on providing real-time information to enhance safety and efficiency during well operations. Its services include mechanical wireline, equipment rental, testing and training, as well as maintenance and engineering support. By offering these services, DeepWell aims to help oil companies improve productivity and reduce operational costs.

CapeOmega is an oil and gas company focused on maximizing value from mature producing fields by investing in remaining resources. The company operates within the energy infrastructure sector, supporting the European energy transition. It facilitates the transmission of gases to European markets and develops emission reduction technologies. Additionally, CapeOmega is involved in the transportation of carbon dioxide to offshore permanent storage sites. Through these initiatives, the company helps clients transition to low-carbon energy solutions while maintaining a low-risk infrastructure-like yield.

Flux Group is a provider of flow and fluid control products and services specifically tailored for the oil and gas industry. The company offers a wide range of products, including valves, hoses, couplings, and measurement instruments, while also delivering instrumentation, measurement, and analysis services to its clients. Through a combination of strategic acquisitions and organic growth, Flux Group has carved out significant positions in selected market niches and aims to expand its footprint and enhance growth within its existing segments.

Vryhof Anchors designs, manufactures, and supplies drag anchors and related mooring equipment for large floating structures and to the offshore energy industries, as well as for offshore civil applications. It offers anchors, tensioning equipment, and marine renewable energy products; anchor data acquisition systems that monitor and visualize the behavior of anchors during installation, and transmit the anchor’s orientation and load data during embedment until final penetration; and polyester mooring lines, chain, and steel wire ropes.

Energy Drilling specializes in the development, construction, and operation of self-erecting tender assist drilling rigs, primarily serving the offshore drilling market. The company is dedicated to providing high-quality services to oil and gas operators, leveraging a team with extensive experience in managing the delivery of new tender drilling rigs. Energy Drilling has a proven track record in developing specifications, overseeing construction, and operating these rigs for major oil companies. The company emphasizes the importance of safety and environmental stewardship in its operations, striving to enhance the efficiency and safety of tender-assisted drilling processes through innovative solutions.

Offshore Merchant Partners is an independent specialty finance company providing financing solutions to the global oil & gas related offshore asset markets.

Oyster Petroleum Limited is an oil and gas exploration and production company based in Horsham, United Kingdom, with a primary focus on the North Sea. Established in 2013, the company is dedicated to exploring new oil reserves in this region. As of October 28, 2016, Oyster Petroleum operates as a subsidiary of Independent Oil & Gas Plc.

Suretank Group is an engineering solutions provider specializing in bespoke containerized and modular solutions for various industries, including oil and gas, IT, data centers, and processing sectors such as agri-food and pharmaceuticals. The company designs and manufactures certified products for safe transport and storage of liquids like chemicals, waste, and aviation fuel, as well as equipment and materials such as drill pipe and casings. By focusing on tailored engineering solutions, Suretank aims to meet the specific needs of its clients while ensuring compliance with industry standards.

Deep Sea Mooring AS specializes in providing mooring rental equipment and pre-lay mooring solutions to the upstream oil and gas industry. The company offers a range of high-quality mooring equipment and ancillary services designed to ensure the secure and reliable positioning of mobile offshore units. By catering to rig owners, exploration and production companies, and drilling operators, Deep Sea Mooring enables these clients to achieve optimal results in their operations. The focus on innovative and secure mooring solutions underscores the company's commitment to supporting the needs of the energy sector.

Verus Petroleum is an independent UK oil and gas company. It is a production and development company focused on the UKCS with a strong commercial, operational and technical track record and ambitious growth plans in the region.

Momek Group is a construction and engineering services provider that operates through three main divisions: manufacturing, maintenance and modification, and civil. The company specializes in delivering a range of services, including engineering, project management, inspection, and documentation. It also offers advanced capabilities such as robot welding, machining, stainless steel fabrication, and prefabrication. Momek Group primarily serves industries such as oil and gas, mining, and processing, focusing on the maintenance and modification of machined parts and steel constructions.

Global Maritime is a consultancy based in Stavanger, Norway, offering marine, offshore, and engineering services. The company specializes in marine warranty, dynamic positioning, and engineering solutions tailored for the oil and gas, offshore renewable energy, fish farming, and traditional shipping industries. By combining innovation with practical experience, Global Maritime aims to enhance operational excellence and safety in maritime operations.

Aluminium Offshore specializes in the design and production of aluminum alloy structures for the energy and infrastructure sectors. The company provides a comprehensive service that includes design, supply, and assembly, catering to clients seeking to replace traditional steel and concrete constructions with lighter and corrosion-resistant aluminum solutions. Its product offerings encompass a range of structures such as helideck equipment, modular living quarters, mud mats, as well as handrail and walkway systems. Through its innovative approach, Aluminium Offshore aims to enhance the durability and efficiency of offshore operations.

Atlantica Tender Drilling Ltd. is a company based in Houston, Texas, that specializes in providing management and contract drilling services for oil and gas wells in the offshore tender assist market. Founded in 2007, the company focuses on designing, fabricating, and operating tender drilling units that are safe and efficient. Through its well-designed vessels and high-quality equipment packages, Atlantica Tender Drilling delivers cost-effective solutions for the offshore drilling market while prioritizing personnel safety. The company, formerly known as BassDrill Ltd., rebranded in July 2013, reflecting its commitment to innovation and excellence in offshore oilfield services.

Havfram specializes in providing installation services for marine and subsea operations, primarily serving the oil and gas and offshore wind industries. The company supports the transition of energy production from traditional offshore oil and gas to renewable sources by offering comprehensive engineering, procurement, construction, and installation services. This enables clients to develop and implement facilities tailored to their specific operational requirements in both sectors.

Tampnet operates the largest offshore high-capacity communication network globally, primarily serving the North Sea and the Gulf of Mexico. The company provides robust and reliable connectivity to over 350 oil and gas platforms, floating production storage and offloading units (FPSOs), and exploration rigs. Tampnet's infrastructure includes fiber optic cables, 4G base stations, and microwave links, facilitating high-speed and low-latency data transmission. By connecting offshore assets to a terrestrial network, Tampnet enhances the quality, health, safety, efficiency, and welfare of its customers' operations. The company's vision is to establish itself as a global leader in offshore connectivity, focusing on adding value through resilient communication solutions tailored for mobile rigs and vessels.

Agility is a manufacturing company focused on subsea manifolds and structures tailored for the offshore market. It provides a range of services, including the production of drilling and well intervention units, marine vessels, and fabrication services. Additionally, Agility offers maintenance and modification services to support its products and clients in the demanding offshore environment. With a presence in 13 locations across Norway, the company is equipped to deliver comprehensive engineering, procurement, and construction solutions, enhancing its capability to meet the needs of the maritime and energy sectors.

Emtunga Solutions AB is a supplier of advanced steel modular facilities to the Oil & Gas industry.

Stream AS, together with its subsidiaries, supplies various products, solutions, and services in the field of valves, piping, electrical, and instrumentation for the oil and gas industries in Norway and Germany. The company supplies pneumatic and hydraulic systems, control units, valves, tube and pipe fittings, pipes, flanges, courses, mechanical connections, and spring suspension products; and provides instrumentation and monitoring, repair and maintenance, injection and sampling, and inspection services. It also offers materials, instruments, and equipment for chemical, petrochemical, pharmaceutical, and power industry. The company is headquartered in Tananger, Norway. Stream AS operates as a subsidiary of Bokn Invest AS.

Spring Energy Norway is explores, extracts, develops, and produces oil and gas products in Norway.

HPD is an independent market provider of advanced engineering services, software solutions and integration systems to the drilling and well industry world wide.

Ross Offshore offers project management and consultancy to the upstream oil and gas industry. It also offers seasoned personnel with up-to-date technical skills and in-depth knowledge in their fields.

Poseidon Group AS specializes in providing marinization, engineering, and technical consulting services tailored for the oil and gas industry. The company focuses on subsea marinization, offering expertise in adapting equipment and technology for underwater environments. Through its engineering and consulting services, Poseidon Group aims to support clients in optimizing their operations and ensuring the reliability and efficiency of subsea projects.

Apply is a multidiscipline engineering company providing services to the oil and gas industry. It supplies studies, engineering and project management services within the Maintenance & Modification area, Operation support, and EPCI projects. Apply specializes in contracts across all project phases, from concept development and studies to completion and commissioning focusing its activities on upgrading the performance of oil and gas facilities in operation offshore and onshore. Apply was founded in 1979.

Bennex is a prominent supplier of subsea technology, specializing in hydraulic and electrical systems, fiber optic, electromagnetic, and seismic applications. The company also provides subsea distribution systems and valves. Additionally, Bennex operates Poseidon, a subsea engineering and consulting division that focuses on adapting existing Siemens equipment and technology for subsea environments. This includes the development of subsea control systems, transformers, switchgears, electric motors, automation solutions, compressors, and various complementary components such as cameras and subsea electric valve actuators. Through its comprehensive offerings, Bennex serves a critical role in advancing subsea technology and infrastructure.

Valco Group is a manufacturer that specializes in the design, production, and maintenance of custom industrial valves and related products. The company focuses on creating cryogenic valves and complex globe, gate, and check valves, primarily serving the oil and gas sector, power generation, and various industrial markets. Valco Group's products are engineered to perform effectively in extreme environmental conditions, ensuring reliability and safety in critical applications.

Aarbakke is a provider of precision manufacturing services specifically designed for the oil and gas industry. The company specializes in offering turnkey mechanical solutions, managing entire customer projects from inception to completion. Its range of services includes manufacturing, engineering, machining, clad welding, assembly, testing, and quality control, along with comprehensive documentation. By delivering integrated solutions, Aarbakke enables clients to streamline their projects and enhance operational efficiency.

BlueNord ASA is a publicly owned company that operates in the oil and gas sector, with a strategic focus on the Danish North Sea. The company holds a 36.8 percent non-operated interest in the Danish Underground Consortium, emphasizing the development and production of resources that facilitate the energy transition towards Net Zero. BlueNord is dedicated to implementing solutions that enhance the long-term viability of oil and gas as integral components of the energy mix while simultaneously working to reduce greenhouse gas emissions on the Danish Continental Shelf.

In 2001 Anton Ziolkowski, Bruce Hobbs and David Wright of the University of Edinburgh invented a new electromagnetic method to detect sub-sea and underground hydrocarbons. In 2003 they founded MTEM Ltd. to develop the technology and provide land and marine surveys to oil companies. In November 2004 MTEM Ltd. was launched from the University of Edinburgh with £7.4M of funding from three equal investors: HitecVision, Energy Ventures, and Scottish Equity Partners. MTEM Ltd. developed and built systems to perform land and marine transient electromagnetic surveys that can identify hydrocarbons before drilling, thus reducing the risk of drilling “dry” wells and saving millions of dollars per well. In June 2007 Petroleum Geo-Services (PGS) bought MTEM Ltd. for $275M. The University of Edinburgh’s share of the sale was £8.6M, of which £2.6M funded 164 PhD studentships. PGS continues to develop the technology.