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 sustainability solutions impacting oil & gas companies.
Out of 531, the Global Startup Heat Map highlights 5 Top Sustainability 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 531 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 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 5 startups & scaleups in this report. For insights on the other 526 sustainability solutions for oil & gas companies, get in touch.
Soarability provides Drone-based Gas Leakage Detection
A vast network of pipelines in oil and gas plants feed raw materials and take away finished products. Small fluid leakages in this immense network are undetectable through conventional monitoring processes that use parameters like pressure and flow rate. Moreover, these prolonged leakages emit hydrocarbons, like methane, that are potent greenhouse gases (GHGs). To tackle these issues, startups are developing solutions to detect leakages that do not depend on manual inspection and flow parameter monitoring.
Chinese startup Soarability offers a drone-based solution for monitoring gas leakages in industrial plants. Sniffer4D is the startup’s multi-gas detection hardware that fits on drones and ground vehicles. The module captures georeferenced and timestamped gas concentrations to generate a concentration map. This map allows oil and gas plants to track the emissions from their pipelines and take actions to avoid leakages.
Katz Water enables Sustainable Water Management
Oil and gas plants consume massive amounts of freshwater and generate wastewater during various stages of extraction and refining. This creates the need for a dedicated wastewater management system that treats contaminated water and releases it with minimal impact on the environment. Besides, the freshwater requirement of oil and gas plants depletes the already scarce freshwater sources. To mitigate these issues, startups are creating wastewater recycling solutions.
Katz Water Technologies is a US-based startup that develops sustainable water management solutions for oil and gas companies. X-VAP is the startup’s proprietary modified heat exchanger that internally distills water and separates pure water vapor from the contaminants. The integrated design of the heat exchanger reduces the capital and operational costs of wastewater management. The startup, thereby, sets up a reliable source of pure water for oil and gas plants without depleting freshwater sources like rivers and lakes.
Tranzmeo facilitates Intrusion Tracking
Underground pipelines constitute most of the downstream transportation channels for the oil and gas industry. The leakage of oil or any other petroleum product contaminates the soil and groundwater, harming biodiversity. Shielded from the effects of rain and snow, intrusions in the form of building and other infrastructure activities are major threats to underground pipelines. To avoid this, startups are providing solutions to detect intrusions around underground infrastructure.
Tranzmeo is an Indian startup that develops acoustic sensors for tracking intrusions around oil and gas pipelines. TRIDAS is the startup’s distributed acoustic sensing hardware that detects any activity in the vicinity of an asset over long distances. Tranzmeo’s Smart Distributed Acoustic Sensing (DAS) Interrogator converts existing fiber optic cables into an array of virtual microphones or vibration sensors that capture acoustic vibrations with no additional infield equipment. The system’s artificial intelligence (AI)-powered platform then uses the captured data and raises alarms in the event of a true intrusion. This enables oil and gas companies to enhance asset security as well as prevent soil and groundwater contamination.
Greenwell advances Oil Well Reuse
Oil wells utilize a huge amount of energy and resources for their creation and once they are abandoned, land remediation and reclamation are challenging. This leads to the formation of large areas of land that are lost forever. To address this, startups and scaleups are developing technologies that reuse abandoned oil wells. For example, some of these solutions use oil wells for sustainable energy storage or generation.
Austrian startup Greenwell reuses abandoned oil wells to generate sustainable energy. The startup utilizes the geothermal heat in the abandoned wells to heat up cold fluid. The hot fluid that returns to the surface serves as a source of heat for local agricultural and commercial establishments. The startup’s technology, thus, provides local business owners with a heat source that is independent of the fluctuating energy market with low capital investment.
Westgen provides Sustainable Off-Grid Power for Well Sites
Well sites require large amounts of energy for the extraction of oil and gas. The remote locations of these well sites make them dependent on off-grid power sources like diesel generators that emit GHGs. To avoid this, startups and scaleups are developing off-grid power sources that utilize renewable energy sources in tandem with low emission heat engines.
Canadian startup Westgen provides sustainable power solutions for off-grid well sites. EPOD is the startup’s series of power generation units that combine industrial-grade solar panels with an advanced uninterrupted power supply (UPS) battery array and a proprietary on/off reciprocating engine. The engine runs intermittently reducing fuel consumption, which leads to lower carbon emissions. Westgen’s system also houses an air compressor that draws power from the UPS and supplies pressurized air to pneumatic equipment. The modular design of the startup’s system provides a scalable clean energy source for off-grid well sites of any size.
Discover more Oil & Gas Startups
Oil & gas startups such as the examples highlighted in this report focus on renewables, water management, land reclamation as well as waste reduction. While all of these technologies play a major role in advancing oil & gas sustainability, 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 Oil & Gas Innovation Report to save your time and improve strategic decision-making.