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ConocoPhillips and Chevron Contribute to $10 Million Funding of Ziebel

ConocoPhillips and Chevron Contribute to $10 Million Funding of Ziebel

Ziebel, a Stavanger-based provider of specialist well intervention services for the oil and gas industry, announced today that it has closed a round of growth capital raising USD$10 million. The funding was secured from lead investor ConocoPhillips Technology Ventures, along with Chevron Technology Ventures, and Energy Technology Ventures. Existing Ziebel investors Energy Ventures, Viking Venture, Jebsen Asset Management, Investinor, and Klaveness Invest also participated in the round. Ziebel develops and provides game-changing well intervention technology for the oil and gas industry with its proprietary fiber optic composite rod technology, the Z-System™. The proceeds from this investment will assist Ziebel in completing product development and commercialization of its technologies. View Ziebel’s press release (pdf) » About Ziebel Founded in Stavanger, Norway in 2006, Ziebel provides specialist well intervention services to the global oil and gas industry. Ziebel is dedicated to enhancing production effectively and economically through its pioneering well intervention technologies, including the Z-System™. This proprietary fiber optic composite rod technology makes it possible to access and visualize the entire well bore in real-time. Ziebel supports its customers from its global headquarters in Stavanger, and bases in Houston, Texas and Aberdeen, Scotland. Ziebel is a company in the Viking Venture II portfolio. Learn more about Ziebel...

Evatic appoints Pål Rødseth as CEO

Effective 1st January, Mr. Pål Rødseth is named CEO of Evatic AS and tasked to lead the company towards continued international growth. Pål holds a Masters of Science in Engineering from the Norwegian Institute of Science and Technology (NTNU) focused on Industrial Mathematics as well as an MBA from London Business School. He has been working at Ferd, the biggest investment family office in Norway, for the past 11 years, working with a number of the most successful Nordic technology companies with a global reach. Prior to Ferd Pål lived and worked for 5 years in London as a venture capitalist. Pål also has industrial experience from the global automotive industry from Kongsberg Automotive. The founder of Evatic, Mr. Arild Andersen, will continue as Chief Strategic Officer, overseeing the partner program and taking care of the company’s largest customers. Arild continue as board member and is the largest shareholder of Evatic. About Evatic Evatic is a leading provider of service management software for field service personel in Europe. The software is well established throughout office equipment suppliers and service organisations. The company is located in Trondheim, Stockholm, Düsseldorf, Paris, Waalwijk, Gdansk, Singapore and Xiamen, China. Evatic is a company in the Viking Venture III...

READ has appointed Roy Martin as CEO

READ Cased Hole has appointed Roy Martin as CEO as he spearheads an ambitious growth plan which will take the company’s specialist services and technical innovations to a wider global network. With more than 30 years of industry experience, he has held senior management and executive positions with both major service providers and manufacturing firms. Read more in Scandinavian Oil–Gas Magazine » About READ Cased Hole READ Cased Hole Ltd was formed in 2011 from the Cased Hole logging division of READ Well Services. Currently READ Cased Hole has conducted operations in most countries worldwide involved in the exploration for, and production of, hydrocarbons. The company is located i Aberdeen, Scotland. Viking Venture invested in READ in...