HitecVision

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. Established in 2013, the company specializes in providing material technology solutions and asset integrity services to the oil and gas drilling and subsea sectors. Its offerings include thermal coating, welding solutions, inspection, repair, and maintenance services for various equipment, such as blowout preventers, risers, and drilling tools. Aquamarine Subsea also delivers engineering services, including mechanical and hydraulic system design, finite element analysis, and product research and development. The company is dedicated to ensuring the integrity and operational efficiency of riser and subsea equipment, catering to the needs of rig owners, operators, and original equipment manufacturers in the global market.

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 outside 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 service offerings include mechanical wireline, equipment rental, testing and training, as well as maintenance and engineering solutions. By enabling oil companies to increase productivity and reduce operational costs, DeepWell plays a crucial role in optimizing well performance.

WellPartner is a service company that delivers technical expertise, equipment, and services within subsea drilling, completion, and well intervention operations. The company's pharmacy distribution services are finely tuned towards achieving the best results for healthcare organizations through URAC-accredited specialty pharmacy services, ensuring program compliance, and aligning specialty network access.

Teresoft specializes in providing drilling and well performance solutions for various sectors, including oil and gas, drilling, marine, and port companies. The company offers a comprehensive range of technology-based systems and services designed for the planning, training, optimization, and control of drilling operations. Additionally, Teresoft provides simulation and training solutions for drilling and crane operations. By focusing on these areas, the company aims to help clients reduce costs, enhance safety, and improve overall operational efficiency.

Deep Sea Mooring AS specializes in supplying mooring rental equipment, pre-lay mooring solutions, and ancillary services tailored for the upstream oil and gas industry. The company offers secure and innovative mooring services to rig owners, exploration and production companies, and drilling operators. Its high-quality mooring equipment and pre-lay mooring technology facilitate the safe and reliable positioning of mobile offshore units, ensuring optimal operational results. By providing comprehensive solutions, Deep Sea Mooring plays a critical role in enhancing the efficiency and safety of offshore activities.

Atlantica Tender Drilling Ltd. is a Houston-based company that specializes in providing management and contract drilling services for offshore oil and gas wells, focusing primarily on the tender assist market. Founded in 2007, the company designs, fabricates, and operates tender drilling units that are recognized for their safety and efficiency. Atlantica Tender Drilling aims to deliver cost-effective services through well-engineered vessels and a commitment to high-quality equipment and personnel safety. Formerly known as BassDrill Ltd., the company adopted its current name in July 2013 and continues to serve the global offshore oilfield services sector.

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.

AXON Energy Products is an oil and energy company based in Houston, Texas, founded in 2009. They specialize in providing pressure, well control, and flow control products to the industry. With a team of experienced industry veterans, the company is dedicated to delivering reliable, responsive, and professional services to clients and partners. AXON Energy Products aims to meet the demands of the industry by offering expertise and timely delivery of their products.

Leirvik is an engineering, procurement, and construction contractor specializing in providing aluminium offshore living quarters to oil companies. Founded in 1946 and based in Stord, Norway, the company delivers EPC products based on a standardized project execution model, incorporating client specifications and regional regulations. Leirvik focuses on designing, manufacturing, and maintaining living quarters, helidecks, and accessories with a short lead time and predictable quality and cost, aiming to create lasting value for both customers and society.

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.

Moreld is an industrial company with a workforce of 3,200 employees, organized into six divisions. It holds a strong position in offshore industries and aims to expand its presence in future-focused customer segments by leveraging its existing competencies. Moreld is dedicated to becoming a leading sustainable industrial technology provider, emphasizing smart energy infrastructure, predictive maintenance, and operational automation. The company seeks to significantly increase its revenue from new segments, targeting a growth rate of 40% by 2026, particularly in offshore wind, aquaculture, and data centers. Its subsidiaries specialize in engineering, ocean services, life-cycle support, energy solutions, and technical assistance, providing clients with tailored and sustainable services across offshore energy, renewable energy, marine, aquaculture, and onshore markets.

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.

RigNet, Inc. is a provider of remote communications services tailored for the oil and gas industry, both in North America and globally. Established in 2000 and headquartered in Houston, Texas, the company utilizes a controlled and managed Internet protocol/multiprotocol label switching (IP/MPLS) global network to facilitate communication for drilling contractors, oil companies, and oilfield service providers. RigNet offers a comprehensive suite of services that includes voice-over-Internet-protocol, high-speed internet access, video conferencing, and real-time data management solutions. Additionally, the company provides value-added services such as WiFi hotspots, internet kiosks, and telemedicine capabilities. A notable offering is the Secure Oil Information Link, a members-only network that enables collaborative partners to share and transfer data securely. RigNet serves a diverse clientele, including offshore drilling rig operators and land-based facilities across approximately 30 countries, including the United States, Mexico, and several nations in the Middle East and Asia.