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Compare GreatPoint Energy vs Spring Energy Norway

Customers evaluate the quality of GreatPoint Energy's products using the following success metrics.

Overview

GreatPoint Energy is 20 yrs old and is based in United States.

GreatPoint Energy is commercializing a new process to produce low cost substitute natural gas from coal. The company is developing an advanced catalytic gasification technology to convert low grade sub-bituminous and lignite coals to a high value pipeline grade gas. In addition to lower cost, GPE aims to provide a domestically sourced fuel gas with substantially less price volatility than natural gas and a similarly clean environmental profile. The goal of the company is to build, own and operate gas production facilities and to sell substitute natural gas to distressed natural gas power plant operators and large industrial users.

Spring Energy Norway is 17 yrs old and is based in Norway.

Spring Energy is an independent, upstream oil and gas company focused on the Norwegian Continental Shelf. Founded in 2007, the Company has, through license applications, farm-in transactions, acquisitions and swaps, built a considerable portfolio of exploration and appraisal assets. The Company's portfolio provides a balanced spread of risk and reward, encompassing 28 licenses, including 5 as operator and one producing field. It has a team of 37 highly experienced technical and commercial persons based in Oslo. In December 2012, Spring Energy was acquired by Tullow Oil. The valuation of Spring Energy was $372 million. Other terms of the deal were not released.

Country

United States

Demo Video

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Leadership

Avi Goldberg (Founder, Chief Operating Officer)

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Roar Tessem (Chief Executive Officer)

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Funding

GreatPoint Energy last raised $830M on 5/22/2012.

Stage

Project Finance

Total Raised

Investors

Wanxiang Holdings, Peabody Energy

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Tullow Oil, SEB Private Equity

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Product

Benefits

Products

Customers

Known Partners

Why They Buy

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