Ernst Sack, a partner at venture capital group Blue Bear Capital, talks to Proactive at World Oil & Gas Week 2017.

Blue Bear focuses on digital technologies for the energy industry – a sector which spent around US$45bn on things such as blockchain, AI, and Internet of Things technologies last year.

“Fundamentally our business model…is to introduce new technologies to companies that could use [them] and we know a lot of such companies having worked in private equity with an energy focus,” he says.

Sack adds that there is a correlation between investment in new, upcoming technologies and the performance of energy companies.