Best Oilfield Services Companies in Norway
The 109 best Oilfield Services companies in Norway in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Archer.
Norway's Oilfield Services sector has real money in it. This directory ranks 109 tracked companies by disclosed equity funding and recent momentum, with Archer leading at $707M raised, Borr Drilling close behind at $220M, and the full field totaling $935M in disclosed capital. That's a concentrated picture: two names account for the overwhelming majority of the funding pool, while Knox Energy Solutions sits at $6M and most others disclose nothing at all. So the question worth asking is what's actually generating revenue underneath the funding headlines.
Globally, the oilfield services market sits at roughly $191.5B in 2024, with forecasts pointing toward $151.2B by 2032 on a 6.6% CAGR, a contraction-adjusted trajectory shaped partly by regulatory complexities that operators across Norway know well. I'd note that the active investor presence here, names like HitecVision, Aramco Ventures, and Bonheur, signals continued institutional conviction even where public filings stay thin. If you're trying to identify which players have real earned revenue behind them rather than just capital on the balance sheet, the funding tiers in this list are your clearest proxy. Archer and Borr Drilling define the top of that range, and everything else is a significant step down.
Our analysis of 50 Oilfield Services companies
$4.5b in tracked funding; 62% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2016.
Ranked: Best Oilfield Services companies in Norway
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Archer Provider of drilling and workover services | $707M | 108 mo ago | Public | — | 2011 | WordPressMySQLPHP+21 | — | — |
| 2 | Borr Drilling Provider of drilling services to oil & gas industries | $220M | 53 mo ago | Public | Patrick Schorn CEO | 2016 | Node.jsTailwind CSSReact+14 | — | 5 job openings |
| 3 | Knox Energy Solutions Natural gas and crude oil exploration and production company specializing in natural gas and oil | $6M | 22 mo ago | Public | Jorn Lindtvedt CEO | 2017 | — | — | — |
| 4 | Geomec Software solutions for subsurface injection | $3M | 118 mo ago | Series A | Jarle Steen Stueflotten Co-Founder | 2002 | — | — | — |
| 5 | Stinger Provider of subsea drone technology and ROV services | — | 41 mo ago | Funding Raised | — | — | — | — | — |
| 6 | Gcenode Facilitator of ocean technology cluster collaborations | — | 45 mo ago | Funding Raised | — | — | WordPressMySQLPHP+18 | — | 1 partnership |
| 7 | Gceocean Provider of cluster management services for ocean technology businesses | — | 62 mo ago | Funding Raised | — | — | UmbracoMicrosoft ASP.NETBootstrap+16 | — | 1 award |
| 8 | Aragon Provider of child development programs and enrichment activities | — | 87 mo ago | Series A | Kristian Utkilen CEO & MD | 2006 | WordPress Block EditorElementorWordPress+31 | 14 patents Cryogenic liquefaction of CO₂ and LNG with gas‑expansion cooling control systems | — |
Top 9 Oilfield Services companies in Norway
#1
Public · Drammen, Viken · founded 2017 · 6 employees$5.6Mraised▾
Knox Energy is a natural gas and crude oil exploration and production company located in Ohio. They provide gas services to residential and commercial areas, serving more than 22,000 customers. The company specializes in natural gas and oil operations.
- Aug 2024Post IPO$500K
- Jan 2022Series A$5.6M
#2
Public · Oslo, Oslo · founded 2016 · 517 employees$220Mraised▾
Provider of drilling services to oil & gas industries
- Dec 2021Post IPO$30M
- Sep 2020Post IPO—
- Mar 2017Series D$220M
#3
Public · Sandnes, Rogaland · founded 2011 · 32 employees$707Mraised▾
Provider of drilling and workover services
- Jun 2017Conventional Debt$625M
- Aug 2011Post IPO$82M
#4
Series A · Stavanger, Rogaland · founded 2002 · 6 employees$2.6Mraised▾
Geomec is a Norwegian company focused on providing software solutions and subsurface injection services to the oil and gas companies. The company's solution GeoTool Inject is a monitoring and analysis software for disposal, pressure-support and shale-stimulation injection wells.
- Aug 2016Series A$2.6M
- Jan 2015Grant (prize money)$228.2K
- Dec 2013Grant (prize money)—
#5
Funding Raised · Norway · 22 employees—raised▾
Provider of subsea drone technology and ROV services. It offers remotely operated vehicle (ROV) services for inspection, maintenance, and repair (IMR), as well as drill support operations. The company develops and operates lightweight, high-power underwater vehicles, including both piloted and autonomous systems. Additionally, it provides underwater gas detection systems, sensor stations, and subsea charging and data transfer systems. Support services for testing and qualification of other autonomous underwater vehicles are also offered.
#6
Funding Raised · Norway · 9 employees—raised▾
Facilitator of ocean technology cluster collaborations. It fosters partnerships between companies in the energy and maritime sectors, promoting research, development, and innovation projects. The organization offers insights into market trends and facilitates technology transfer between industries. It works with research institutions, government bodies, and other clusters to enhance industry competency and explore new opportunities. Support includes access to funding instruments and networking opportunities.
#7
Funding Raised · Bergen, Vestland · 8 employees—raised▾
Provider of cluster management services for ocean technology businesses. It supports the growth and development of companies in the sector through networking opportunities, project development assistance, access to funding, and educational resources. The organization facilitates collaboration among industry players, research institutions, and government agencies. Services include membership programs, events, and resources focused on key areas like renewable energy, oil and gas, and marine minerals. A board of directors, comprised of industry leaders, guides strategic direction.
#8
Series A · Bergen, Vestland · founded 2006 · 25 employees—raised▾
Provider of child development programs and enrichment activities. These programs focus on preparing children for school, including literacy and numeracy skills development. Creative and developmental activities are offered, fostering imagination, critical thinking, and fine motor skills. Instruction is available in both Latvian and Russian languages. The center also hosts themed workshops and events for children and parents. A nurturing environment is provided, supporting children's social interaction and skill acquisition. Individualized learning approaches are tailored to each child's age and abilities.
- Mar 2019Series A—
#9
Public · Oslo, Oslo · founded 1897 · 4473 employees—raised▾
Investor in renewable energy, wind services, cruise lines, and other investments. It holds a portfolio of operating wind farms and development projects, and provides transportation, installation, and maintenance services for offshore wind turbines. Additionally, it invests in cruise lines and other sectors, including media and marketing. The company focuses on innovation and operational excellence within its diverse investment holdings.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Oilfield Services 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.