New York, NY (September 24, 2018) - Kairos Aerospace, an aerial methane detection service startup, announces the closing of its latest funding round with investment from Energy Innovation Capital (EIC) and the Oil and Gas Climate Initiative (OGCI) Climate Investments. With the investment, Kairos will invest further in technology development and increased operational capacity.
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.
Founded in 2014, Fracture ID offers a new service called “drill bit geomechanics” that could become an early warning system for frac hits caused by pressure and hydrocarbon depletion from older producing wells.
Ajay Kshatriya from Biota discusses how medical innovations, utilizing DNA Sequencing, bring new insights to oil and gas at the most recent CERAWeek.
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.
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.
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.