Aramco

Saudi Aramco is the national oil company of the Kingdom of Saudi Arabia, primarily engaged in the exploration, production, refining, and distribution of oil and gas. It operates globally, providing energy solutions to meet international demand. The company's corporate venture capital arm, Saudi Aramco Energy Ventures, invests in start-ups and high-growth companies that offer technologies of strategic importance, focusing on enhancing reserve management, increasing energy production, and improving operational efficiency. Additionally, Aramco Overseas Company supports its operations outside Saudi Arabia by providing a wide range of services including procurement, logistics, engineering, and finance, with a presence in Europe, Asia, and beyond. This comprehensive approach ensures that Aramco remains a vital player in the global energy market while addressing sustainability and technological advancements in the industry.

Abdullah Albesher

Associate

Tariq Alnahari

Analyst

Michael Hill

Investment Director

Sohail Malik

Investor

Hans Middelthon

Managing Director of SAEV Europe Venture Capital

Bruce Niven

Chief Investment Officer

Mohammad Qatomah

Analyst

Ted Randall

Analyst

Anupam Singh

Investor

Jim Sledzik

Managing Director, North America

Waleed Snobar

Associate

Moodhi Al Tubayyeb

Associate

Iris Wu

Analyst

Past deals in Oil and Gas Refining

Carbon Clean

Series C in 2022
Carbon Clean Solutions Pvt. Ltd. specializes in carbon dioxide (CO2) separation technology aimed at reducing emissions from industrial applications, particularly in sectors such as power generation, steel, cement, and chemicals. Founded in 2009 and based in Mumbai, India, the company has research and operational facilities in the United Kingdom and the United States. Its proprietary technologies include CDRMax, which recovers CO2 from flue gases in the fertilizer industry, and Meth Pure, designed for biogas purification without methane loss. Additionally, CCS TGR technology targets CO2 emissions from iron production processes. The firm’s advanced, energy-efficient carbon capture systems can be integrated into new power plants or retrofitted to existing facilities, allowing for the extraction of up to 90% of CO2 from flue gases. By providing scalable and cost-effective solutions, Carbon Clean Solutions helps industries decarbonize and take advantage of the value of captured carbon.

HYDROGEN Mem-Tech

Venture Round in 2022
Hydrogen Mem-Tech specializes in advanced hydrogen separation technology that incorporates carbon capture. The company develops palladium membranes that efficiently capture carbon dioxide while facilitating the production of clean hydrogen. This innovative technology is designed for a variety of applications, including refineries, bio-refineries, chemical plants, steel production, power generation, gas networks, and agriculture. By providing sustainable energy solutions with zero emissions, Hydrogen Mem-Tech aims to support industries in making a green transition while minimizing maintenance costs and environmental impact.

Daphne Technology

Series B in 2021
Daphne Technology is developing a catalyst-free, nano-technology that helps the petrochemical, power and transportation industries reduce air emissions to the levels required by international and national regulations. Daphne Technology’s patented solution can be miniaturized and is especially well-suited to meet the requirements of marine vessels. This approach reduces capital costs when compared to other technologies and can also be used without switching fuel, resulting in a substantial reduction in operating costs.

HT Materials Science

Series A in 2021
HT Materials Science Ltd. is a manufacturer based in Dublin, Ireland, specializing in advanced heat transfer fluid technology. The company has developed Maxwell 2020, a sub-micron fluid designed to improve energy efficiency across various applications, including commercial heating and cooling systems, industrial processes, and power generation. This product serves as a drop-in additive for both new and existing systems, enhancing heat transfer capabilities and leading to significant reductions in energy consumption and carbon emissions. By targeting sectors such as HVAC, chemical processing, food production, and pharmaceuticals, HT Materials Science aims to provide clients with lower energy costs and improved equipment performance. Founded in 2018, the company continues to focus on innovative solutions that promote sustainability in energy use.

Daphne Technology

Series A in 2019
Daphne Technology is developing a catalyst-free, nano-technology that helps the petrochemical, power and transportation industries reduce air emissions to the levels required by international and national regulations. Daphne Technology’s patented solution can be miniaturized and is especially well-suited to meet the requirements of marine vessels. This approach reduces capital costs when compared to other technologies and can also be used without switching fuel, resulting in a substantial reduction in operating costs.

Well-SENSE

Corporate Round in 2018
Well-SENSE Technology Ltd. specializes in the development of disposable fiber optic systems tailored for the oil and gas industry. Founded in 2015 and based in Aberdeen, United Kingdom, the company offers FiberLine Intervention (FLI) technology, which provides real-time distributed measurements of temperature, pressure, and acoustic data along the length of oil wells. This technology supports various applications, including cement cure qualification, gas lift optimization, and leak detection, enabling clients to effectively monitor and enhance field performance. By delivering high-definition data in real-time, Well-SENSE's systems help extend the operational life of oil fields, maximize productivity, and improve industry practices.

Gryphon Oilfield Solutions

Private Equity Round in 2018
Gryphon Oilfield Solutions, LLC is a manufacturer of tools and equipment designed for the oil and gas field services sector. Established in 2016 and headquartered in Houston, Texas, the company specializes in a range of products including frac sleeves, toe initiation tools, coiled tubing solutions, zonal isolation equipment, liner packers, and casing equipment. Gryphon aims to address the critical challenges of wellbore management by providing innovative completions and casing solutions that enhance operational efficiency and optimize hydrocarbon recovery. The company also operates additional offices in Calgary, Canada, and has expanded its presence with sales and service centers in various locations including Oklahoma, South Texas, East Texas, Midland, Canada, and the U.K. Gryphon is supported by CSL Capital Management, a private equity firm with interests in the energy sector.

CannSeal

Venture Round in 2016
CannSeal AS manufactures epoxy-based sealing solutions and downhole delivery tool for the oil and gas industry. The company was founded in 2007 and is based in Stavanger, Norway. As of November 4, 2020, CannSeal AS operates as a subsidiary of Interwell Norway AS.

Geomec

Venture Round in 2016
Geomec Holding AS, headquartered in Stavanger, Norway, provides specialized services in petroleum geomechanics and safe injection for the oil and gas industry on a global scale. Founded in 2005, the company focuses on well and reservoir problem-solving, addressing issues such as casing collapse, compaction, subsidence, and wellbore stability. Geomec also offers economic and environmental optimization for injection wells, alongside technical publications and educational resources. Their Geomec GeoTool Inject is a monitoring and analysis software that supports subsurface injection operations, including disposal and pressure-support activities. Additionally, the Geomec Injection Center provides technical assistance in field and well planning, operational management, and auditing services, enhancing visibility and control for injection wells while ensuring optimized production, safety, and cost efficiency for oil and gas operators.

Zahroof Valves

Series C in 2016
Zahroof Valves Inc. is a privately owned Texas Corporation, with its HQ in Houston, TX. We manufacture and sell Zahroof Performance Valves (ZPV) based on the patent-protected Modular Reed Valve (MRV) technology. ZPVs deliver major value to customers including 5-15% reduction in compressor power, improved reliability with 2x service interval, improved productivity, lowered inventory, ease of service and lowest cost of ownership.

Siluria Technologies

Series D in 2014
Siluria Technologies is a materials innovation company solving global challenges for partners in the natural gas, chemicals and fuel industries. Integrating nanotechnology, biotechnology and chemical engineering, Siluria has developed a solution to the grand challenge of efficient manufacturing: the ability to produce chemicals and fuels from a cheaper, more abundant resource than oil. The company's economically superior, energy-efficient platform converts natural gas into the same materials manufactured today using current industry infrastructure. Siluria's world-class R&D and engineering teams are rapidly commercializing the company's technology to pilot-scale production in close dialogue with the world's largest chemical and fuel companies.Siluria's backers include Alloy Ventures, ARCH Venture Partners, Kleiner Perkins Caufield & Byers, Altitude Life Science Ventures, Lux Capital, and Presidio Ventures.

Novomer

Venture Round in 2013
Novomer is a materials company focused on developing high-performance, eco-friendly plastics, polymers, and chemicals. Established in 2004 and based in Waltham, Massachusetts, the company leverages proprietary catalytic technology to convert carbon dioxide and other renewable materials into cost-effective industrial products. This innovative approach combines traditional chemical feedstocks with carbon, enabling the sustainable synthesis of a range of chemicals and materials. Novomer’s technology not only offers competitive pricing but also contributes to environmental sustainability by addressing global warming and climate change challenges through the use of carbon in industrial applications.

InflowControl

Private Equity Round in 2013
InflowControl AS specializes in developing inflow control technology aimed at enhancing recovery and production from oil and gas reservoirs. Established in May 2011 and headquartered in Porsgrunn, Norway, the company is founded and managed by individuals with over 15 years of experience in passive and autonomous inflow control devices. InflowControl’s innovations focus on creating devices that improve recovery factors, decrease water cut and gas-oil ratios, and enhance drainage efficiency in both offshore and onshore wells. The company employs a quality management system compliant with ISO standards and holds Achilles certification as a supplier for the oil industry in Norway and Denmark. With a strong emphasis on innovation, the team is involved in all aspects of inflow control device development, from design to production, enabling industrial companies to maximize oil and gas recovery.

Rive Technology

Series D in 2013
Rive Technology is a clean energy company focused on advancing catalyst technology for petroleum refining. The company has developed a proprietary catalyst, originally invented at MIT, that enhances the efficiency of traditional zeolite catalysts. This innovation allows for improved access to large hydrocarbon molecules, significantly increasing the yield of gasoline and diesel fuel produced from each barrel of crude oil. Rive's catalyst is designed to integrate seamlessly into existing refinery operations, enabling refiners to boost production and profitability without requiring substantial capital investment. By optimizing diffusion-limited reactions, Rive Technology aims to transform the petroleum refining process and contribute to more sustainable energy solutions.

AnTech

Venture Round in 2013
AnTech operates across two business divisions supplying Products and Services to the upstream oil and gas industry worldwide. AnTech has a strong design heritage and has focussed on developing quality products that meet the highest industry standards which include IECEx, ATEX, NACE and API 6A. AnTech prides itself on delivering solutions that are made specifically to meet the customers' requirements and offers customised and standard products across a wide range of applications. In 2012, AnTech launched its Coiled Tubing Drilling (CTD) Service Division providing cost effective directional drilling services to customers, utilising its proprietary drilling tools and systems.

Zilift

Venture Round in 2013
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.

Sekal

Venture Round in 2013
Sekal AS is a Norwegian company specializing in software solutions designed to enhance the safety and efficiency of drilling operations in the oil and gas sector. Founded in 2011 and based in Sandnes, Sekal offers two primary products: DrillScene and DrillTronics. DrillScene provides advanced monitoring capabilities through an exception-based method that detects deteriorating hole conditions by continuously comparing model-based predictions with real-time measurements at the drilling rig. DrillTronics functions as a drilling automation system, optimizing operations by controlling critical equipment such as draw-works, top-drives, and mud pumps, thereby reducing non-productive time and responding dynamically to the well's behavior. In addition to its software offerings, Sekal AS provides drilling engineering services, further supporting its clients in improving operational outcomes. The company operates as a subsidiary of Sumitomo Corporation.
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