Lockheed Martin Ventures and Energy Innovation Capital Make Significant Strategic Investment in Ocean Aero

Lockheed Martin Ventures and Energy Innovation Capital Make Significant Strategic Investment in Ocean Aero

Companies see bright future in unmanned maritime systems

San Diego, California—August 29, 2018— Ocean Aero, Inc.—builder of environmentally-powered, autonomous, unmanned, underwater and surface vehicles (AUUSV)—announced today that it has secured multi-million-dollar strategic investments from both Lockheed Martin Ventures and Energy Innovation Capital (EIC) in a Series B funding round. This is Lockheed Martin Ventures’ second investment in Ocean Aero and the initial investment for EIC in the unmanned maritime systems market. Both companies join Teledyne Marine as the primary investors behind Ocean Aero.

Bacteria lead the way to more efficient oil production

Bacteria lead the way to more efficient oil production

In the rocky depths of the nation’s shale oil fields, thousands of feet below the production frenzy, primordial bacteria subsist on the very hydrocarbons that make up oil and gas and have transformed the U.S. into an energy powerhouse rivaling Saudi Arabia and Russia.

How Silicon Valley Is Helping BP Bring A.I. To The Oil Patch

How Silicon Valley Is Helping BP Bring A.I. To The Oil Patch

BP has turned to Silicon Valley for help, and with vendor Kelvin they’ve outfitted hundreds of Wamsutter wells with arrays of cheap sensors that gather and transmit oceans of data into supercomputers where A.I.-driven algorithms crunch endless optimization simulations.

Saudi Aramco Energy Ventures Invests in Turbine Innovator Flowcastings GmbH.

Saudi Aramco Energy Ventures Invests in Turbine Innovator Flowcastings GmbH.

Dhahran, Saudi Arabia; and Trebur, Germany. March 22nd, 2018 – Flowcastings GmbH., a leading Germany-based innovator in turbine blade manufacturing, today announced that it has added Saudi Aramco Energy Ventures (SAEV) to its shareholder base. SAEV is the corporate venturing subsidiary of Saudi Aramco, a global integrated energy and chemicals company. SAEV led a Series C round, which also included Flowcastings’ existing investors Energy Innovation Capital and Eastern Sun Capital.

MAJORITY OF TOP US SHALE PRODUCERS APPLY BIOTA DNA SEQUENCING

MAJORITY OF TOP US SHALE PRODUCERS APPLY BIOTA DNA SEQUENCING

Biota Technology, the oilfield DNA sequencing pioneer, has achieved a critical milestone on its path to commercialization: the diagnostic has been deployed by a majority of the top 20 US shale producers in the United States. Biota continues to attract top-tier investors, recently closing a multi-million dollar Series B financing led by Illumina Ventures.

Comitt featured in E&P Mag: Energy Startups Look For ‘Love Connections’

Comitt featured in E&P Mag: Energy Startups Look For ‘Love Connections’

HOUSTON—U.S. shale plays have undoubtedly transformed the oil and gas sector, sending production to new highs. But looking at recovery rates, everyone knows it could be better.

Eyeing recovery factors between 5% and 10% for some shale wells, Comitt Well Solutions—an oil and gas startup based in the Houston suburb of Katy, Texas—found a niche to attack. Eivind Moen, the company’s co-founder and business development manager, told a roomful of people gathered at Rice University that the company decided to focus on downhole tool technologies to increase recovery. Its first product targeted the refracturing market.

The intervention tool, called Excite, allows users to pinpoint a fracture and restimulation of existing and newly added perforation clusters.

Exclusive Video Interview with Fracture ID Founder and President Chris Neale

Exclusive Video Interview with Fracture ID Founder and President Chris Neale

Fracture ID: using this tool operators can gather rock characteristics and fracture intersects on every well they drill at about 1/10 the legacy cost; ‘modeling reservoir geomechanics in 3D will change how the industry informs its petrophysical decisions’

Fracture ID and Core Laboratories Launch the Horizontal Reservoir Characterization Consortium - Midland Basin

Fracture ID and Core Laboratories Launch the Horizontal Reservoir Characterization Consortium - Midland Basin

Core Laboratories, a leading provider of proprietary and patented Reservoir Description and Production Enhancement services, and Fracture ID, a Denver-based oil and gas technology company, have launched the Horizontal Reservoir Characterization Consortium – Midland Basin to investigate geologic controls on variability in well production.