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 5 hand-picked startups developing solutions for asset reliability.
Global Startup Heat Map highlights 5 Top Asset Reliability Solutions out of 121
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 1.379.000+ 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 121 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 asset reliability solutions that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 116 asset reliability solutions, get in touch.
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Solinas Integrity offers Intelligent Inspections
Intelligent inspection systems automatically identify the operational status of the assets in the field. These systems use the Internet of Things (IoT), artificial intelligence (AI), and automation to integrate Supervisory Control and Data Acquisition (SCADA) technology into reliability and maintenance processes. O&G industry professionals and onsite engineers use intelligent inspections for remote monitoring in real-time and on-site autonomous decision-making. Additionally, intelligent inspections help reduce accident risks, maximize efficiency and safety, and also enable the digital transformation of the industry.
Indian startup Solinas Integrity is an Indian startup offering various in-line inspection robots for oil and gas pipelines. The startup’s intelligent inspection robots feature multiple sensors to detect leaks and assess the condition of pipelines in real-time. Solinas’s robots help pipeline engineers inspect flow rates, implement run pigging, and conduct pipe integrity assessments in complex pipeline geometries without compromising structural safety.
Pivvot provides Location Intelligence
The O&G industry is using location intelligence along with the industrial Internet of Things (IIoT) to provide spatial awareness and location-based context. Location intelligence helps engineers to manage pipeline assets, mitigate risk, and act quickly in case of an accident, as well as optimize routes for new pipelines. Along with operational insights, it also enables fast decision-making and optimizes operational efficiency.
Pivvot is a US-based startup designing a cloud-native pipeline routing software using location intelligence for the midstream oil and gas sector. The startup’s software helps pipeline engineers integrate situational context into asset information. It delivers comprehensive assessments on natural gas prospects and expedites pipeline routing. It also aids companies in navigating regulatory compliance and reduces operational risk.
Cognite offers Smart Maintenance
Smart maintenance usually relies on intelligent sensors, real-time condition monitoring, and predictive analytics. The oil and gas industry adopts smart maintenance to combine condition-based maintenance, predictive maintenance, and prescriptive maintenance techniques to garner higher equipment uptime. Smart maintenance solutions allow engineers to run diagnostics, monitor performance, process time-series data and offer recommendations to enhance equipment reliability quickly and efficiently.
Norwegian startup Cognite offers Cognite Maintain, a cloud-based application for smart maintenance. It uses machine learning(ML) models to offer real-time overviews and analyses on the health of the industrial equipment. The startup’s solution offers data-driven maintenance that helps maintenance engineers quantitatively assess and optimally schedule maintenance activities. Moreover, the startup offers operational digital twins, production optimization, digital worker, sustainability, and business transformation solutions.
Flicq provides Remote Monitoring
Remote monitoring is essential in complex and asset-heavy industries where many operations like exploration & production (E&P) are performed in harsh environments. Remote monitoring platforms integrate edge devices, compatible sensors, transmitters, and software platforms for real-time monitoring. This helps energy companies improve asset utilization while reducing downtime, as well as increases overall operational efficiency by providing real-time transparency.
British startup Flicq offers a cloud-based platform that enables real-time remote monitoring solutions for oil & gas. The startup’s SmartEdge solution offers monitoring-as-a-service. It utilizes intelligent sensors with embedded algorithms for asset monitoring. Flicq also provides a digital dashboard that displays insights on the condition and specific events.
Cenozon offers Asset Integrity Management
Integrity management applications deliver insights about facilities, operations, inspections, repairs, and modifications throughout the life cycle of an asset. Asset integrity management (AIM) systems in O&G improve plant reliability and enable the efficient and safe operation of equipment. Integrity management generally increases the operational service life of the drilling rigs, installations, and oil refineries. AIM helps engineers to balance the design and maintenance of the facilities on assets.
Cenozon is a Canadian scaleup offering cloud-based integrity management software. The startup’s solution, Pipeline Integrity Risk Manager (PIRM), offers insights into real-time operations. It assists engineers in making faster decisions to streamline processes, meet compliance, and reduce pipeline incident rates. PIRM also provides an automated pipeline risk assessment with notifications.
Discover more Oil & Gas Solutions
Oil & gas startups such as the examples highlighted in this report focus on industrial automation, predictive analytics, and reservoir simulation. While all of these technologies play a major role in advancing O&G, they only represent the tip of the iceberg. To explore more oil & gas technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Industry Innovation Reports to save your time and improve strategic decision-making.
