A Message from Energy Ventures – April 2015

A Message from Energy Ventures – April 2015

A Message from Energy Ventures – April Newsletter

Welcome to the latest Energy Ventures newsletter. As co-managing partners, we would like to take this opportunity to update you on recent achievements. As we close the first quarter of 2015, we are pleased to launch into the new year with two exciting announcements.

We recently added two senior partners, Rune Jensen and Per Arne Jensen, to our team. Both partners are operating out of our headquarters in Stavanger and we greatly look forward to their contributions.

Rune Jensen has more than 30 years of experience in oil and gas, financial services, publishing, information and communications technology and private equity. He earned a master’s degree from the Norwegian School of Economics and Business Administration (NHH). Rune was the founder and managing partner of Progressus Management AS.

Per Arne Jensen holds a master’s degree in strategy and finance from The Norwegian School of Economics and Business Administration (NHH) and a master’s in software development from The Norwegian University of Science and Technology. He joins Energy Ventures with more than 20 years of experience, most recently as partner with Progressus Management AS.

Our Houston office also has two new members: analyst Atif Ali and project manager Tracy Barbour. Please join us in welcoming all of the new team members to Energy Ventures.

In addition to growing our firm, we have enhanced our portfolio with the addition of Hannon Westwood and ROMAR International. Research and analytics firm Hannon Westwood has been advising the oil and gas industry for more than 20 years providing board level insight leading to investments totaling $3.5 billion from its headquarters in Glasgow.

ROMAR International has grown in size, clients, and services since its introduction in 2001. Headquartered in Aberdeen, ROMAR has received support from in-country partners and distributers, ensuring a strong local representation.

We were honored to be named the most prolific E&P technology investor in a recent report by Lux Research. The report detailed an attraction of $7 billion in funding since 2003 by new technologies that enhance oil and gas exploration and production. The findings in the report are a strong testament to our ongoing investment mandate of supporting technologies that help secure a safer and more productive future for the E&P industry.

As today’s challenging oil environment continues to put pressure on cost cutting and pricing, our unique technology portfolio offers solutions that significantly improve oil and gas operations by lowering cost, improving performance, and reducing risk to those larger acquirers who seek to protect their margins.

Energy Ventures continues to maintain a steady pace in 2015 and we remain confident in our momentum. We hope you will enjoy reading our quarterly newsletter and we look forward to updating you on future accomplishments.

Cheers,

Kjell Jacobsen and Helge Tveit