Best Oil & Gas Equipment Companies in Norway
The 109 best Oil & Gas Equipment companies in Norway in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Excess Engineering.
Norway's Oil & Gas Equipment sector has 109 companies tracked in our directory, ranked by disclosed equity funding and recent funding momentum. Total disclosed funding across the cohort sits at $11M. That's a thin capital pool for an industry built on heavy infrastructure, and it tells you something real about how much of this sector runs on revenue rather than venture money.
Excess Engineering accounts for essentially all of it at $11M raised, which means the rest of the 109 companies are operating on fumes of disclosed capital or none at all. Prosafe, Scana, and WellStarter show zero disclosed funding, yet they're in the mix, which raises a fair question: how much revenue are these companies actually generating without leaning on outside capital? I'd argue that's the more interesting number here. The most active backers, ProVenture, CoFounder, Equinor, and Investinor, suggest a tight network of strategic and institutional money rather than broad venture appetite. And with zero unicorns across 109 companies, what you're looking at is a sector that earns its way forward, quietly, on contracts and equipment cycles rather than valuation rounds.
Our analysis of 50 Oil & Gas Equipment companies
$4.8b in tracked funding; 62% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2012.
Ranked: Best Oil & Gas Equipment companies in Norway
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Excess Engineering Excess Engineering is an international technical service provider to the oil, gas, and renewable energy… | $11M | 39 mo ago | Funding Raised | Ove Kalvatn Co-Founder & CEO | 2011 | — | — | — |
| 2 | Pinovo Developer and supplier automated grit blasting tools | $150K | 78 mo ago | Series A | Roger Flolo Chairman & CEO | 2009 | — | 36 patents Industrial dust and contaminant containment systems using frameless magnetic locking mechanisms. | 2 launchs |
| 3 | Ocean Access Manufacturer of multiple fittings for oil and gas industry | $120K | 61 mo ago | Seed | Andreas Mauritzen Co-Founder & CEO | 2019 | — | 6 patents Subsea telemetry systems for transmitting sensor data from offshore structures | — |
| 4 | Prosafe Owner and operator of semi-submersible accommodation vessels | — | 31 mo ago | Public | Jesper Kragh Andresen CEO | 1997 | WordPressMySQLPHP+22 | — | 1 award |
| 5 | WellStarter Developer of wireless inflow profiling system for oil and gas industry | — | 39 mo ago | Seed | Erik Skogen CEO | 2015 | — | 25 patents Real-time downhole fluid flow monitoring for oil and gas well operations | — |
| 6 | Scana Supplier of maritime equipment | — | 54 mo ago | Acquired | — | 1987 | WordPressMySQLPHP+19 | — | 1 partnership |
| 7 | Kvaerner Provider of engineering and construction services | — | 69 mo ago | Public | — | 1853 | — | 70 patents Offshore material handling equipment and unmanned platform systems for subsea production | — |
| 8 | Wellgrab Fishing tools provider for oil & gas industries | — | 101 mo ago | Seed | Stian Krag CEO | 2002 | — | 15 patents Downhole fishing tools and force‑transferring wellbore connectors for drilling operations. | — |
Top 9 Oil & Gas Equipment companies in Norway
#1
Funding Raised · Sandnes, Rogaland · founded 2011$10.7Mraised▾
Excess Engineering is an international technical service provider to the oil, gas, and renewable energy markets. They offer specialized subsea solutions for oil and gas companies and provide consulting services in mechanical, electrical, and other engineering fields.
- Mar 2023Grant (prize money)$10.7M
#2
Seed · Trondheim, Trondelag · founded 2019 · 5 employees$120Kraised▾
Developer of autonomous communication system designed to increase global efforts in ocean science and research. The company's system is not dependent on existing infrastructure as well as monitors subsea and transfers large datasets to shore offering remote ocean monitoring across different industries, enabling industries to access ocean data at an affordable cost.
- May 2021Grant (prize money)—
- Jan 2021Seed$120K
#3
Series A · Bergen, Vestland · founded 2009 · 6 employees$150Kraised▾
Developer of enclosed sandblasting technology designed to offer treatment, maintenance, and inspection of industrial surfaces. The company's sandblasting systems are used for surface treatment and maintenance of pipelines, offshore installations, marine vessels, and equipment, enabling businesses to reduce health hazards for operators, offer maintenance, paint zero spills to the environment, and reduce cost.
- Nov 2019Series A$150K
- May 2011Series A—
#4
Public · Stavanger, Rogaland · founded 1997—raised▾
Owner and operator of semi-submersible accommodation vessels. It provides accommodation for offshore operations, offering high-quality welfare and catering facilities, storage, workshops, offices, and medical services. The vessels are equipped with deck cranes, lifesaving, and firefighting equipment, and are designed for use in demanding offshore environments. The company has a proven track record of operational efficiency and strong safety performance.
#5
Seed · Trondheim, Trondelag · founded 2015 · 14 employees—raised▾
Developer of a downhole flow monitoring technology designed to monitor heat pulses released into the good stream. The company's technology comprises autonomous heat sources and software that interprets resulting heat pulses where the heat source requires no cabling, does not release any material and multiple sources can be installed along the productive zones of the well, enabling customers to analyze the inflow in real-time, onsite or remotely.
- Mar 2023Seed—
#6
Acquired · Bergen, Vestland · founded 1987 · 91 employees—raised▾
Supplier of maritime equipment
#7
Public · Lysaker, Akershus · founded 1853 · 2800 employees—raised▾
Kvaerner is a provider of engineering and construction services. The company construction projects including oil & gas offshore platforms, processing plants, marine concrete structures, and more. It also prefabricates & develops underwater pipes, floating structures, among others.
#8
Seed · Stavanger, Rogaland · founded 2002 · 5 employees—raised▾
Fishing tools provider for oil & gas industries
- Jan 2018Seed—
#9
Late Stage · Kristiansand, Agder · founded 1999 · 41 employees—raised▾
Distributor of multidisciplinary equipment intended for the onshore and offshore energy industry. The company designs delivers and installs equipment to new-build rigs or as upgrades to existing rigs, with a focus on operational efficiency and safety, enabling workers in the oil industry to work safely.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Oil & Gas Equipment coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.