Thousands of new startups are founded every year, despite considerable disruptions and challenges to the global economy. To introduce you to emerging technologies and startups in the oil & gas (O&G) industry, we analyzed a total of 3.015 oil & gas startups & scaleups.
Global Startup Heat Map reveals 5 Oil & Gas Startups You Should Watch in 2021
Out of 3.015, the 5 oil & gas startups to watch this year are chosen through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 1.3 million startups & scaleups globally. The platform gives you the most exhaustive collection of solutions and ensures you continuously discover new startups, scaleups, and technologies. This enables you to easily scout for oil & gas technologies and startups that matter to you and drive innovation in your industry forward.
The Global Startup Heat Map below highlights the 5 oil & gas startups you should watch in 2021 as well as the geo-distribution of the other 3.010 startups & scaleups we analyzed for this research. The 5 highlighted oil & gas startups are hand-picked based on our data-driven startup scouting approach, taking into account factors such as location, founding year, relevance of technology, and funding, among others.
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Cabral Technologies develops Alternatives for Recycling Fracking Fluid
Fracking operations require a significant amount of water. Consequently, there is a need for proper utilization of flowback and produced water. Sustainable methods to recycle and extract organic materials, for instance, provide a revenue stream, improve effective utilization, and reduce harm to the environment. Therefore, startups and scaleups develop alternative solutions for recycling fracking fluids.
The US-based startup Cabral Technologies develops alternatives for recycling fracking fluid, flowback, and produced water in the oil & gas and mining industries. The CabrAl technology derives sustainable resources in scarcity and produces clean fuels from organic materials in fracking waste. Further, the startup recycles industrial wastewater and captures atmospheric carbon dioxide (CO2).
Corblocks offers a Cloud-Platform for Midstream and Downstream Operations
Supply chain optimization is an essential profit driver in midstream and downstream operations. Digitization and cloud solutions integrate into existing infrastructure seamlessly to provide detailed analytics and insights that enable prudent real-time decision-making. For example, geo-tracked fuel tankers provide the necessary supply chain visibility to optimize logistics operations in the oil and gas industry. To this end, startups and scaleups develop cloud platforms that optimize operations.
The US-based startup Corblocks offers FuelTrack, a cloud-platform for managing midstream and downstream operations in the oil and gas industry. The platform digitizes and automates processing and ticketing. It also manages all fuel assets with the help of volumetric data collection and geo-tracking. Further, FuelTrack is blockchain-based and thereby ensures real-time ledger updates and maximum data security.
LABADVANCE optimizes Enhanced Oil Recovery (EOR) Efforts
Steam and gas are ideal agents that aid in the recovery of crude oil from near dry wells. Additionally, well conditions such as pressure, vapor, and temperature provide clarity in selecting the most optimized EOR method. AI algorithms analyze data from advanced sensors and other hardware to provide in-depth insights into well dynamics. To this end, startups leverage technology to develop techniques that optimize EOR operations.
Russian startup LABADVANCE utilizes artificial copies of rock samples to develop a faster approach for EOR, special core analysis (SCAL), and pressure-volume tests (PVT). Using microfluidic chips, the startup emulates pore systems, surface properties, and reservoir conditions including real rock wettability. Further, the startup’s solution enables cost-effective and accurate results in enhanced oil recovery operations.
DiviGas creates a Hydrogen Separation Membrane for Refineries
Conventional gas separation technologies are expensive and tedious to maintain. However, using membranes for gas separation provides significant cost and environmental benefits for hydrogen recovery. Refineries use hydrogen to process crude oil into gasoline, diesel, and other fuel products. Startups develop membrane materials that withstand harsh environments and separate hydrogen effectively.
Singaporean startup DiviGas provides Divi-H, an industrial hydrogen separation membrane. Apart from hydrogen separation, Divi-H finds application in hot caprolactam recovery processes and acidic coal gasification environment found in the big refinery and ammonia off-gas systems. Moreover, the Divi-H membrane tolerates harsh conditions such as high heat, pressure, and acidity which considerably widens the range of deployable situations.
Trillium Flow Technologies provides Aftermarket Services
The O&G industry heavily depends on machinery and mechanical components such as pumps, valves, compressors, blowers, and booster stations. Manufacturers providing aftermarket services address the concerns of clients in terms of product performance and service agreements. To this end, startups leverage global marketplaces and authorized partners to enable lean supply chain management.
Scottish startup Trillium Flow Technologies provides aftermarket services for pumps and valves in the oil and gas industry. The startup’s products are field-tested and proven in the harshest, most demanding midstream environments. Moreover, the startup’s global presence enables real-time support at every stage of the project cycle and provides easy access to spare parts. As a result, the optimized supply timeline reduces the time needed for installation, repair, and replacement.
Discover all 3.015 Oil & Gas Startups
The 3.015 oil & gas startups are only a small sample of what we identified during our research. Explore our free Energy Industry Innovation Report for a broad overview of the industry or get in touch for quick & exhaustive research on the latest technologies and emerging solutions that will soon impact your company.
