Saudi Aramco Energy Ventures is the corporate venturing subsidiary of Saudi Aramco, the Saudi Arabian national oil company.
Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia, is the world’s leading fully integrated, global petroleum and chemicals enterprise.
The Kingdom of Saudi Arabia is the largest economy in the MENA region, and 19th largest in the world.
Our mission is to invest globally in early-stage and high-growth companies with technological advancements of strategic importance to Saudi Aramco, to accelerate their development and deployment in the Kingdom.
We perform a 360° assessment of investment opportunities. Factors we consider include: Fit with Saudi Aramco technical needs, or with broader technology needs of the Kingdom of Saudi Arabia.
We invest in technologies in upstream and downstream oil & gas, petrochemicals, water, energy efficiency and renewable with application in the Saudi Arabian market.
ALGARD, Norway March 18, 2015: Target Intervention AS, a Norwegian well technology company developing specialized downhole tool solutions for the oil & gas industry announces an equity investment from Saudi Aramco Energy Ventures LLC (SAEV) Based in Ålgård, near Stavanger, Norway; Target Intervention is developing the next generation intelligent coiled tubing tool solutions to increase overall recovery and productivity from oil & gas wells. Target’s technology uses fully electric operated components that provide the ability to complete complex intervention operations faster and more effectively while monitoring well parameters and tool performance in real-time at surface. Target’s tools have application in […]>
Dhahran, Saudi Arabia and Aberdeen, UK – 02 Feb 2015; Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Aramco, today announced the closing of an investment in Paradigm Drilling Services Limited. SAEV joins Buckthorn Partners as investors in the company. Established in 2009 Paradigm designs, manufactures, sells and rents a number of new generation drilling and intervention technologies, used both in the conventional and unconventional oil and gas sector. The company offers a wide range of products and services and supports a global customer base through its current commercial product range. Paradigm has a number of new tools in […]>
Sept 17th 2014 – Wearable Intelligence CEO, Yan-David Erlich, appears on Fox Business News’ ‘Opening Bell’, discussing wearable computing in Energy and Healthcare. Video link Watch the latest video at video.foxbusiness.com>
Dhahran, Saudi Arabia, September 17, 2014: Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Aramco, today announced the closing of a Series A investment in Wearable Intelligence Inc. SAEV joins Lightspeed Ventures, Schlumberger Technology Corporation, Google Ventures, Andreessen Horowitz, Kleiner Perkins and others as investors in the company. Wearable Intelligence is developing enterprise applications for emerging wearable computing platforms such as Google Glass, focusing on energy, manufacturing and healthcare verticals. Cory Steffek, Managing Director of Saudi Aramco Energy Ventures – U.S., commented: “We see tremendous potential for wearable devices in the enterprise, and particularly in the energy […]>
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Saudi Aramco Energy Ventures LLC - Global Offices
9/F Al-Midra Tower
Kingdom of Saudi Arabia
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