Shell Ventures

Hydrogen Mem-Tech develops palladium membrane technology for hydrogen separation and carbon capture. The system enables clean hydrogen production with low maintenance and a smaller environmental footprint, suitable for refineries, bio-refineries, chemical plants, steel production, power generation, gas networks and agriculture, helping customers pursue zero-emission energy options and a competitive advantage.

Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.

MIRICO Ltd. is a laser spectroscopy instrumentation company based in Oxford, founded in 2015 as a spin‑out from the STFC Rutherford Appleton Laboratory. It develops high‑performance gas‑sensing products that use laser dispersion, tunable laser absorption, and isotope‑ratio techniques to provide real‑time, in‑situ monitoring of trace gases and isotopologues. The instruments are applied in space exploration, planetary landers, environmental monitoring, atmospheric emissions, geochemistry, medical diagnostics, and oil‑and‑gas exploration and production. The company’s cloud‑connected platform delivers autonomous, continuous measurements in all weather conditions, enabling detection, localisation, and quantification of emissions to support net‑zero targets and operational optimisation.

Kongsberg Digital develops digital workspace software tailored for complex industrial operations. Their AI-powered system offers industry-specific templates for functions such as safety, maintenance, performance monitoring, and supply chain management, enabling clients to visualize and automate work at scale for improved efficiency and collaboration.

Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.

Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.

MIRICO Ltd. is a laser spectroscopy instrumentation company based in Oxford, founded in 2015 as a spin‑out from the STFC Rutherford Appleton Laboratory. It develops high‑performance gas‑sensing products that use laser dispersion, tunable laser absorption, and isotope‑ratio techniques to provide real‑time, in‑situ monitoring of trace gases and isotopologues. The instruments are applied in space exploration, planetary landers, environmental monitoring, atmospheric emissions, geochemistry, medical diagnostics, and oil‑and‑gas exploration and production. The company’s cloud‑connected platform delivers autonomous, continuous measurements in all weather conditions, enabling detection, localisation, and quantification of emissions to support net‑zero targets and operational optimisation.

Hydrogen Mem-Tech develops palladium membrane technology for hydrogen separation and carbon capture. The system enables clean hydrogen production with low maintenance and a smaller environmental footprint, suitable for refineries, bio-refineries, chemical plants, steel production, power generation, gas networks and agriculture, helping customers pursue zero-emission energy options and a competitive advantage.

Akselos is a technology company that develops Integra, a cloud-based engineering simulation platform and digital twin for asset-centric industries. The platform enables engineers to build high-resolution, component-based models of large systems and run parameterized simulations that cover geometric and physical properties, loads, and boundary conditions. It supports hydrodynamic analysis of floating assets and structural assessment of fixed offshore installations, as well as analysis of composites used in wind blades, pressure vessels, pipelines, and rotating machines. Designed for design, virtual prototyping, and real-time monitoring, Integra leverages fast, patented algorithms that can model large-scale assets on portable hardware. The company's vision emphasizes preventative maintenance and reduced unplanned downtime through real-time asset condition and future-state insights, often described as a digital twin with sensors and big data analytics. Akselos was founded in 2011 in Lausanne, with a Cambridge, Massachusetts office and operations in Europe, the USA, and Southeast Asia.

KNP Arises collects oil from food business operators transforms into biodiesel.

Veros Systems, Inc. is a company that specializes in software-enabled solutions for physical asset life-cycle management, catering primarily to industrial clients. Founded in 2001 and based in Austin, Texas, Veros develops a web-based Predictive Intelligence Platform that provides actionable insights into the performance of electrically-driven rotating equipment, such as motors, pumps, and compressors. This platform utilizes nonintrusive monitors and machine learning algorithms to analyze electrical waveforms, allowing for continuous monitoring of equipment health and real-time predictions of reliability and energy efficiency. By integrating seamlessly with existing Enterprise Asset Management applications, Veros's solutions enable engineers and managers to enhance production, reduce costs, and improve overall operational efficiency across various industries, including oil and gas, electric utilities, manufacturing, and water treatment.

RezLytix is a technology company focused on delivering data analytics solutions, particularly in the upstream oil and gas sector. The company has developed an advanced machine learning platform that integrates geological, geophysical, and engineering data to forecast productivity and well performance. By providing operators with intelligent well paths for drilling, RezLytix aims to enhance overall productivity and maximize profits within energy industries. Their services include predictive analytics and artificial intelligence, which help businesses make informed, data-driven decisions. Additionally, RezLytix offers consulting services to assist organizations in effectively implementing these analytics solutions, ensuring they realize the full benefits of their data. The company's scalable and flexible solutions allow businesses to adapt to evolving market conditions and operational needs.

Corvus Energy Ltd. is a Canadian company specializing in the research, development, manufacture, and supply of energy storage solutions for the marine, oil and gas, and port sectors. Established in 2009 and headquartered in Richmond, the company focuses on delivering advanced lithium-ion battery technologies that create modular energy storage systems. These systems are designed to offer consistent and economical power for hybrid and all-electric maritime applications, including cruise ships, ferries, offshore vessels, and heavy industrial machinery. In addition to its energy storage products, Corvus Energy provides a range of services such as technical support, spare parts, extended warranties, field service, and training. The company's innovative solutions are recognized for enhancing operational efficiency and promoting clean energy leadership in the industry.

Tranzmeo provides an AI-powered anomaly detection and prevention platform designed for critical infrastructure. The remote monitoring system combines distributed temperature and acoustic sensing with advanced predictive analytics to identify leaks, external intrusions, corrosion, and other anomalies in industries such as pipelines, oil and gas, rail, and power. By shifting from reactive detection to proactive risk management, the platform enhances safety, security, and operational efficiency while supporting proactive maintenance and reducing downtime.

Osperity Inc., founded in 2011 and based in Calgary, Canada, specializes in enterprise visual monitoring solutions for managing field operations, assets, and facilities across various industrial sectors such as mining, construction, oil and gas, and security. The company's core offering is the Osprey Reach platform, a cloud-based system that integrates sensor data, analyzes images and videos using advanced computer vision, and delivers actionable insights to stakeholders via visual reports and alerts. This enables clients to enhance operational efficiency, security, safety, and remote inspections while optimizing labor productivity and managing assets more effectively.

Maximl is an industrial technology company with its roots in IIT Madras. We work with some of the largest energy companies, transforming their frontline operations across multiple use cases including maintenance, inspection and operational safety. Over the last 7 years, Maximl has helped 100 sites to measurably move the needle on asset downtime and safety risk. Maximl has also emerged as the market leader in digital turnaround management space with its presence across 21 out of 23 refineries in India.

Akselos is a technology company that develops Integra, a cloud-based engineering simulation platform and digital twin for asset-centric industries. The platform enables engineers to build high-resolution, component-based models of large systems and run parameterized simulations that cover geometric and physical properties, loads, and boundary conditions. It supports hydrodynamic analysis of floating assets and structural assessment of fixed offshore installations, as well as analysis of composites used in wind blades, pressure vessels, pipelines, and rotating machines. Designed for design, virtual prototyping, and real-time monitoring, Integra leverages fast, patented algorithms that can model large-scale assets on portable hardware. The company's vision emphasizes preventative maintenance and reduced unplanned downtime through real-time asset condition and future-state insights, often described as a digital twin with sensors and big data analytics. Akselos was founded in 2011 in Lausanne, with a Cambridge, Massachusetts office and operations in Europe, the USA, and Southeast Asia.

Salamander Solutions provides design, manufacture, deployment and control of heater cables used in oil and gas wells; it also offers reservoir and facility consulting, designs heater cables, surface equipment, and control systems, and provides servicing and troubleshooting. The company develops heater cable technology for heavy oil wells that withstand extreme temperatures, utilizing a medium-voltage mineral-insulated cable with a stainless steel sheath to boost production and industry performance.

Airpix is a drone and unmanned aerial systems startup located in Navi Mumbai, India, specializing in data processing and analytics derived from drone technology. The company serves a diverse range of industries, including government planning, mining, oil and gas, railways, agriculture, and renewable energy. By leveraging a network of UAV operators across India, Airpix collects high-quality aerial data that is processed to deliver valuable insights. Its services include high-resolution aerial imagery in various spectrums, the creation of high-density point clouds, and the generation of 2D and 3D outputs such as orthophotos and Digital Surface Models. These outputs enable customers to conduct planimetric and volumetric analyses, track changes, and identify defects. Airpix's notable clients include Indian Railways, the Government of Andhra Pradesh, and various prominent construction firms. The company aims to convert drone data into actionable business intelligence, facilitating enhanced decision-making across multiple sectors.

Maana, Inc. is a technology company that specializes in industrial data analytics and knowledge-centric software solutions. Founded in 2012 and headquartered in Palo Alto, California, with additional offices in Bellevue, Washington, Houston, Texas, London, United Kingdom, and Dhahran, Saudi Arabia, Maana offers the Maana Knowledge Platform, which facilitates operational problem solving and enhances knowledge discovery to drive profitability. The platform is underpinned by a patented Knowledge Graph that efficiently extracts knowledge from data silos, revealing relationships within the context of specific assets or processes. Maana serves various sectors including industrial field services, maintenance, sales, logistics, finance, risk and compliance, and oil and gas, helping global companies optimize their operations and make data-driven decisions.

Rocsole develops and markets industrial process monitoring and control technology based on 3D tomographic imaging and optics. Its sensors use electrical capacitance tomography to create real-time 3D images of multiphase flows, enabling continuous monitoring of liquid levels, entrained air, sand, and interfaces. The company supplies hardware sensors, software analytics, and engineering services aimed at process optimization, piloting, and electronics and optical component design and manufacturing. It serves energy production and manufacturing sectors, including oil and gas, food, chemical, pulp and paper, and other process industries. Rocsole provides in-line and on-tank inspection capabilities and supports optical and mechanical design, prototyping, and assembly, as well as lab testing and optical measurements. By delivering continuous visibility into fluid systems, Rocsole helps reduce unplanned downtime and improve efficiency and sustainability.

Maana, Inc. is a technology company that specializes in industrial data analytics and knowledge-centric software solutions. Founded in 2012 and headquartered in Palo Alto, California, with additional offices in Bellevue, Washington, Houston, Texas, London, United Kingdom, and Dhahran, Saudi Arabia, Maana offers the Maana Knowledge Platform, which facilitates operational problem solving and enhances knowledge discovery to drive profitability. The platform is underpinned by a patented Knowledge Graph that efficiently extracts knowledge from data silos, revealing relationships within the context of specific assets or processes. Maana serves various sectors including industrial field services, maintenance, sales, logistics, finance, risk and compliance, and oil and gas, helping global companies optimize their operations and make data-driven decisions.

Founded in 2012, Quantico Energy Solutions specializes in providing data-driven solutions for the oil and gas industry. Based in Houston, Texas, the company focuses on enhancing shale resource development worldwide through predictive analytics. Its key offerings include QLog, which generates synthetic logs for horizontal and vertical wells, and QFrac, a service that recommends engineered completion designs based on geomechanical property interpretations.

Strohm B.V., formerly known as Airborne Oil & Gas B.V., specializes in the development, manufacture, and implementation of innovative pipe systems for the oil and gas industry. Established in 2007 and based in Ijmuiden, the Netherlands, the company offers a range of thermoplastic composite pipe products, including downlines, jumper spools, well intervention hoses, offshore flowlines, and risers. These products are designed to withstand demanding offshore and subsea environments, boasting advantages such as corrosion resistance, lightweight construction, and ease of deployment. The non-metallic nature of Strohm's pipes eliminates the need for costly corrosion prevention and inspection, resulting in significant savings in capital and operational expenditures. The company's advanced solutions allow for faster installation using simpler vessels compared to traditional steel pipes, enhancing reliability and safety in offshore operations. Strohm B.V. maintains regional sales offices in key oil and gas hubs across Asia and the United States, supporting its global operations.

GlassPoint Solar, Inc. designs, manufactures, and installs solar thermal steam generators specifically for the oil and gas industry. By providing solar steam for enhanced oil recovery applications, the company significantly reduces gas consumption, achieving reductions of up to 80 percent compared to traditional gas-fired steam generation. GlassPoint serves a diverse clientele, including independent producers, national oil companies, and various manufacturing sectors, with a focus on regions such as Southern California, North Africa, Western China, and Madagascar. Established in 2008 and headquartered in Fremont, California, GlassPoint Solar operates regional offices in Muscat, Oman; Kuwait City, Kuwait; Bakersfield, California; Santiago, Chile; and Shenzhen, China. The company was previously known as CleanBoard, Inc. before rebranding in October 2009.

Veros Systems, Inc. is a company that specializes in software-enabled solutions for physical asset life-cycle management, catering primarily to industrial clients. Founded in 2001 and based in Austin, Texas, Veros develops a web-based Predictive Intelligence Platform that provides actionable insights into the performance of electrically-driven rotating equipment, such as motors, pumps, and compressors. This platform utilizes nonintrusive monitors and machine learning algorithms to analyze electrical waveforms, allowing for continuous monitoring of equipment health and real-time predictions of reliability and energy efficiency. By integrating seamlessly with existing Enterprise Asset Management applications, Veros's solutions enable engineers and managers to enhance production, reduce costs, and improve overall operational efficiency across various industries, including oil and gas, electric utilities, manufacturing, and water treatment.

TGS is a provider of scientific data and intelligence to the energy sector. It specializes in marine data acquisition services using advanced ocean bottom node (OBN) technology, offering both proprietary and multi-client models. The company's services enhance subsurface imaging, supporting exploration and development of oil and gas fields, de-risking CO2 storage sites, siting offshore wind farms, and mapping deep-sea minerals.

GlassPoint Solar, Inc. designs, manufactures, and installs solar thermal steam generators specifically for the oil and gas industry. By providing solar steam for enhanced oil recovery applications, the company significantly reduces gas consumption, achieving reductions of up to 80 percent compared to traditional gas-fired steam generation. GlassPoint serves a diverse clientele, including independent producers, national oil companies, and various manufacturing sectors, with a focus on regions such as Southern California, North Africa, Western China, and Madagascar. Established in 2008 and headquartered in Fremont, California, GlassPoint Solar operates regional offices in Muscat, Oman; Kuwait City, Kuwait; Bakersfield, California; Santiago, Chile; and Shenzhen, China. The company was previously known as CleanBoard, Inc. before rebranding in October 2009.

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.