News updates—Statoil Technology Invest

Raptor, which is developing a groundbreaking acoustic telemetry system, has secured funding from STI, ConocoPhillips, Scottish Enterprise and OGTC.

STI portfolio company Corvus Energy has won seven contracts to hybridize supply vessels in Statoil’s charter.

Statoil, Kongsberg, McKinsey and Techstars have partnered to form the Techstars Energy accelerator

Norwegian start-ups Sekal and IMS have been instrumental to the automated drilling control (ADC) success story.

Aker BP has invested in and acquired a 17 % stake in the company Fishbones AS (“Fishbones”).

Statoil Technology Invest has closed a follow-on investment in Raptor Oil Ltd which brings STI’s ownership in the Scottish company to 29% (23% fully diluted).

The Technology Showcase was successfully arranged for the 5th time at the Statoil Business Center in Stavanger last week.

STI has signed a LOOP contract with the Stavanger based company Icon Instruments AS.

Statoil Technology Invest has supported Aptomar through the LOOP program and with equity funding since 2007.

STI has invested in software provider delivering more efficient interpretation of pre-stack seismic data.

Statoil Technology Invest has together with GE Ventures, Mercury Fund and Cottonwood Venture Partners closed a series A funding round in Ambyint.

Yokogawa Electric Corporation has acquired 100% of TechInvent.