The Oil & Gas industry demands you to stay ahead of the technology curve and strengthen your competitive advantage. That is why we give you data-driven innovation insights into the oil & gas industry – this time, discover five hand-picked startups offering digital oilfield solutions.
Out of 304, the Global Startup Heat Map highlights 5 Top Startups offering Digital Oilfield Solutions
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-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 304 exemplary startups & scaleups we analyzed for this research. Further, it highlights five oil & gas 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 299 startups offering digital oilfield solutions, get in touch with us.
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Energy Robotics streamlines Offshore Asset Inspection
Founding Year: 2019
Location: Darmstadt, Germany
Funding: USD 2,2 M
Partner with Energy Robotics for Robotic Inspection Software
Energy Robotics is a German startup that offers a hardware-agnostic platform to provide robot-as-a-service solutions for offshore asset inspection and monitoring. The platform enables training and controlling fleets of robots for remote autonomous inspections and data collection. Further, its AI-powered analytics engine generates alerts on issues such as gas leaks to enable engineers to take preventive actions. As a result, oil, gas, and petrochemical companies increase their worker safety and productivity by reducing exposure to hazardous environments and time spent on asset monitoring.
Scopeworker digitizes Wellsite Management
Founding Year: 2016
Location: London, UK
Innovate with Scopeworker for Automated Well Site Workflows
UK-based startup Scopeworker provides an end-to-end field service automation platform to digitize workflows of oil and gas well sites. The startup’s Scopeworker Execute module furnishes live analytics for field force management, operation support system performance, and workflow task guidance. It also enables real-time data feed from IoT-connected assets and digital twins, live video streaming for buyer and supplier management, and financial management. The startup’s customizable workflows automate well site project management. It also saves capital and time with full-field control for oil & gas construction and operation services.
Rig Callout advances Oilfield Supply Chain Management
Founding Year: 2017
Location: Saint Louis, USA
Funding: USD 566 000
Partner with Rig Callout for Last-mile Supply Chain Tracking
US-based startup Rig Callout digitizes the oilfield supply chain through its cloud-based platform. The startup utilizes GPS to track and trace incoming and outgoing shipments at every stage of delivery in real-time. Its Big Data-led platform brings visibility to supply chain stakeholders and simplifies communications. It includes modules like CallOut and FieldView to track oilfield deliveries and field personnel respectively. Similarly, DataDelivered offers supply chain data analysis. The solution eliminates the cost of rig time loss and crew wait time for upstream and midstream oil & gas companies, oilfield service providers, and transporters.
Axogyan automates Oilfield Development Planning
Founding Year: 2018
Location: Bengaluru, India
Use Axogyan’s solution for Digital Material Take-off (MTO)
Indian startup Axogyan develops a platform to analyze multiple piping and instrumentation design (P&ID) diagrams and arrive at the correct MTO for oil & gas field development. AutoMTO, the startup’s AI-based platform, identifies instruments, pipes, texts, and codes to extract MTO information from a given P&ID diagram. It stores and retrieves this data in a query-able database and allows re-rendering of P&ID from already generated data. Thus, engineering, procurement, and construction (EPC) companies improve efficiency and reduce manual errors. This also increases profitability in oilfield designing and construction processes.
Akine makes Industrial Internet of Things (IIoT) Well Controllers
Founding Year: 2017
Location: Calgary, Canada
Reach out to Akine for Production Optimization
Canadian startup Akine builds industrial IoT well controllers and a cloud platform for production optimization from deviated and horizontal wells. The controllers monitor the daily production, fluid levels, and artificial lift performance for all wells using proprietary machine learning (ML) algorithms. It measures downhole friction along the rod string using ML, while the cloud platform Akine Live uses AI analytics to map well performance. Akine enables light crude oil producers to manage workover costs and maintain production efficiency even during unexpected circumstances.
Discover more Oil & Gas Startups
Oil & gas startups such as the examples highlighted in this report focus on well site management, oilfield development planning, offshore asset inspection as well as IIoT well controllers. 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.
