Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the oil & gas (O&G) industry. This time, you get to discover five hand-picked artificial intelligence (AI) solutions impacting oil & gas companies.
Out of 246, the Global Startup Heat Map highlights 5 Top AI Solutions impacting Oil & Gas Companies
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 246 exemplary startups & scaleups we analyzed for this research. Further, it highlights five O&G startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 241 AI solutions impacting oil & gas companies, get in touch with us.
Click to download
Tasq offers Oil & Gas Production Optimization
Founding Year: 2019
Location: Denver, US
Partner For: Oilfield Yield Improvement
US-based startup Tasq is leveraging machine learning technology to improve work operations in the oil and gas industry. The system plugs into the machinery and transforms data into high-level insights. It also integrates itself with the scheduling procedures and uses machine learning to prioritize tasks. Over time, the system learns from different data entries and feedback to recommend optimal actions for specific tasks. In this way, Tasq is enabling oil & gas operations managers to improve workflows and increase production yield.
OilX provides Crude Oil Trade Analysis
Founding Year: 2018
Location: London, UK
Funding: USD 2,2 M
Partner For: Oil Supply Chain Analytics
British startup OilX uses AI to analyze crude oil supply and demand balance. Its platform takes data from the most recent and extensive data sets to provide crude oil trade analysis and real-time actionable insights. There are other features of the platform, apart from understanding global supply and demand. They include real-time oil production information, flow tracking of crude oil, and stockpile updates of over 120 countries and major corporations. OilX’s analysis is enabling traders and analysts to gain data-driven insights and make smarter business decisions.
RezLytix enables Reservoir Intelligence
Founding Year: 2017
Location: Bangalore, India
Partner For: Oil Production Forecasting
Indian startup RezLytix is the developer of an AI-enabled data analytics platform to forecast oil production from wells. Its platform aggregates various types of data, such as engineering and geological data, to identify best-suited areas for oil wells and future drilling operations. It provides quantitative estimates of the number of oil barrels that can be extracted from an area. This way, RezLytix improves the productivity of oil wells and maximizes profits.
AI Driller enables Automated Oil Drilling
Founding Year: 2017
Location: Houston, US
Funding: USD 2 M
Partner For: Self Drilling
US-based startup AI Driller builds a self-drilling platform to minimize human errors during oil drilling operations. Its automated oil drilling platform is equipped with AI-powered data processing capabilities to aid the engineers working on the drill. The platform provides rotary and trajectory assistance by auto-adjusting the revolutions per minute (rpm) and drills positioning to respond to formation changes in the ground. AI Driller also provides an AI-driven business intelligence platform to provide real-time insights and improve drilling performance.
Kayrros offers Methane Emission Monitoring
Founding Year: 2016
Location: Paris, France
Funding: USD 37,3 M
Partner For: Carbon Footprint Reduction
French startup Kayrros is a French scaleup that delivers data-driven insights on the impact of the oil and gas industry on the global climate. The sector is one of the largest emitters of methane as it is produced throughout the oil production lifecycle. Kayrros’ Methane Watch combines satellite imaging and advanced algorithms to measure the carbon footprint of companies, regions, and entire countries. Kayrros is enabling decision-makers in companies and countries to assess the climate impact of various entities and take steps to mitigate it.
Discover more Oil & Gas Startups
Oil & gas startups such as the examples highlighted in this report focus on pipeline inspection, digital twins, and oilfield exploration. While all of these technologies play a major role in advancing the industry, they only represent the tip of the iceberg. To explore more oil & gas technologies, simply let us look into your areas of interest. For a more general overview, download our free Oil & Gas Innovation Report to save your time and improve strategic decision-making.
