As an innovative company enabling oil and gas operators to seal with confidence across the life of the well, it’s no surprise that BiSN has attracted the attention of a number of high-profile investors.
“bp has a strong track record of developing differentiated technologies and we continue to see the BiSN well technology actively as setting the new standard for environmental barriers across the bp global portfolio. That is why bp Ventures is pleased to further strengthen the collaborative relationship with BiSN through investment and deployments.” Chad Bown, managing partner, bp Ventures.
BP Ventures identifies and invests in private, high growth, potentially game-changing technology companies, accelerating cutting-edge innovations across the entire energy spectrum. Since 2006, BP Ventures has invested over $400 million in corporate venturing and has 43 active investments in its current portfolio.
BP Ventures’ portfolio is primarily focused on emerging technologies in oil and gas exploration and production and downstream conversion processes. In addition, it has a renewed strategic focus on five key areas: advanced mobility, bio & low products, carbon management, digital transformation and power & storage.
Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $85 billion of total assets, and approximately 10,100 employees at June 30, 2021.
The ConocoPhillips Technology Exploitation group works closely with the business units to identify opportunities for technology advancement and application of existing technologies in innovative new ways. The group manages direct investment and provides business development expertise to small, external startups, both on its own and through Energy Technology Ventures, a joint venture with General Electric and NRG Energy. These efforts have facilitated a number of industry-first field trials and deployments of technologies that set the company’s performance apart from our peers and have provided strategic advantages.
GE Ventures is committed to identifying, scaling and accelerating ideas that will make the world work better. Focused on the areas of software, advanced manufacturing, energy and healthcare, GE Ventures helps entrepreneurs and start-ups succeed by providing access to GE’s technical expertise, capital and opportunities for commercialization through GE’s global network of business, customers and partners. GE Ventures offers an unparalleled level of resources through its Global Research Center, including: 35,000 engineers; 5,000 research scientists; 8,000 software professionals; as well as 40,000 sales, marketing and development resources in over 100 countries.
Schlumberger is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.
Founded in 2007, Schlumberger Technology Investments is the investment arm of Schlumberger. The firm invests in a wide range of technology areas, including advanced materials, robotics and automation, manufacturing, digital enablement, and the energy transition.