N2 Offshore Ltd. (NASDAQ: NITO) is an energy services company specializing in nitrogen-based solutions and environmental technologies for offshore oil and gas operations. Headquartered in Houston, Texas, the company develops, manufactures and installs advanced gas injection and separation systems designed to optimize production and enhance safety on offshore platforms and floating production units. Its offerings are engineered to meet the rigorous demands of deepwater and ultra-deepwater projects, where efficient gas handling and pressure control are critical to operational success.
The company’s core product portfolio includes high-pressure nitrogen generation modules, membrane separation units and modular gas injection skids. In addition to equipment sales, N2 Offshore provides turnkey engineering, procurement and construction (EPC) services, along with aftermarket support that includes field commissioning, maintenance contracts and system upgrades. Through its in-house research and development center, the firm continuously refines membrane materials and process controls to improve reliability and reduce energy consumption.
N2 Offshore serves a global customer base that spans the U.S. Gulf of Mexico, North Sea, West Africa and Asia-Pacific regions. Its clients include major international oil companies, national oil companies and engineering, procurement and construction contractors. The firm has also expanded into adjacent markets by offering nitrogen blanketing and inert gas systems for chemical processing plants and LNG facilities, leveraging its offshore engineering expertise to address broader industrial gas applications.
Founded in 2007 as a spin-off from a leading industrial gas manufacturer, N2 Offshore has grown through strategic partnerships and targeted acquisitions that bolster its technology portfolio and geographic reach. The company is led by CEO Maria Hernandez, who brings over 25 years of experience in offshore project delivery, and CFO David Liu, a seasoned finance executive with a background in energy sector M&A. Under their leadership, N2 Offshore continues to invest in innovation and sustainability initiatives aimed at reducing emissions and improving the environmental footprint of offshore energy production.
