Media Release: Energy Ventures boosts international oil and gas team

VENTURE capital firm, Energy Ventures, has strengthened its international oil and gas team with two new appointments.

Shantanu  Agarwal joins the Aberdeen-based team as an Associate while Kristian Lier will be based in Houston as Investment Manager.

Mr Agarwal holds an MBA from Harvard Business School and joins Energy Ventures from Schlumberger when he held different positions, including business development manager, engineer in charge of well construction services and offshore and lead engineer.

Mr Lier is a former head of DnB NOR Markets’ corporate finance group where he focuses on energy transactions and prior to that was founding partner of management consulting firm Bangstad & Co and an equity research analyst with Pareto Securities.

Energy Ventures is an independent venture capital firm dedicated to new upstream oil and gas technologies. All fund managers, partners and advisors are from oil and gas backgrounds, providing a unique understanding of the industry and its technology needs.

With a total committed capital of NOK 2.33 billion ($400 million), Energy Ventures manage and advise four venture funds with investments ranging from $5-20 million per company.

Energy Ventures partner, Greg Herrera, said: “These two key appointments reflect the rise in the level of business we have been engaged in over the last 12 months and both Shantanu and Kristian bring excellent business and oil and gas skills which strengthens the Energy Ventures global network.”

The company recently held its annual Investor Meeting in Stavanger, which was hosted by managing partner Ole Melberg and included presentations from Jorge Camargo on Technology Opportunities in Offshore Brazil and John Westwood, managing director of analysts Douglas Westwood, who discussed Global Offshore Prospects.

The event included short presentations from a number of portfolio companies in which Energy Ventures has invested, while EV partners Jim Sledzik and Helge Tveit spoke about future opportunities for investments in the oil and gas sector.


Note to Editors 

Established in 2002, Energy Ventures is headquartered in Stavanger, Norway, with offices in Aberdeen and Houston. The company’s professionals have extensive industry, investment, transaction and stewardship experience as well as a wide-ranging network in the oil and gas industry.

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Issued on behalf of Energy Ventures Limited by Sure Public Relations. For further information please contact Stephen Rafferty on +44 (0) 7980 598764 or email

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Contact: Stephen Rafferty
Phone: +44(0)7980 598764