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Top 10 Oil and Gas startups
Updated: April 22, 2024 |
Oil and gas startups are focusing on developing innovative technologies like enhanced oil recovery (EOR) techniques, digital oilfield solutions, and sustainable alternatives to traditional hydrocarbon-based products to improve production efficiency, reduce environmental impact, and promote the transition to cleaner energy sources.
1
Country: USA | Funding: $752.5M
RigUp is a technology company that develops a platform to support the energy workforce. Its platform serves as a marketplace for services and skilled labor in the energy industry. It also enables the energy industry to digitally interact in a more efficient, safe, and environmentally friendly way.
RigUp is a technology company that develops a platform to support the energy workforce. Its platform serves as a marketplace for services and skilled labor in the energy industry. It also enables the energy industry to digitally interact in a more efficient, safe, and environmentally friendly way.
2
Country: USA | Funding: $747.5M
Crusoe Energy pioneered bitcoin (BTC) mining by using wasted natural gas as a power source
Crusoe Energy pioneered bitcoin (BTC) mining by using wasted natural gas as a power source
3
Country: USA | Funding: $690M
NET Power produces power from natural gas at costs comparable to existing technologies. All CO2 is captured at no extra cost.
NET Power produces power from natural gas at costs comparable to existing technologies. All CO2 is captured at no extra cost.
4
Country: USA | Funding: $400M
Edgewater provides independent midstream solutions to refiners, producers and marketers of crude oil, refined products.
Edgewater provides independent midstream solutions to refiners, producers and marketers of crude oil, refined products.
5
Country: USA | Funding: $158.5M
Beyond Limits Cognitive AI for Field Management is designed to support operators in accelerating data integration and analysis to pinpoint drilling opportunities, weigh opportunity vs. risk, and speed up time-to-decisions.
Beyond Limits Cognitive AI for Field Management is designed to support operators in accelerating data integration and analysis to pinpoint drilling opportunities, weigh opportunity vs. risk, and speed up time-to-decisions.
6
Country: USA | Funding: $121.1M
Project Canary’s mission is to reduce the release of methane into the atmosphere. Using their own sensors, their goal is to continuously monitor thousands of remote sites and help energy companies reduce fugitive gas emissions.
Project Canary’s mission is to reduce the release of methane into the atmosphere. Using their own sensors, their goal is to continuously monitor thousands of remote sites and help energy companies reduce fugitive gas emissions.
7
Country: Germany
MAN Energy Solutions enables its customers to achieve sustainable value creation in the transition towards a carbon neutral future.
MAN Energy Solutions enables its customers to achieve sustainable value creation in the transition towards a carbon neutral future.
8
Country: USA | Funding: $34M
Starfire Energy develops and deploys sustainable energy technologies (makes parts for ammonia manufacturers).
Starfire Energy develops and deploys sustainable energy technologies (makes parts for ammonia manufacturers).
9
Country: Canada | Funding: $33.7M
GeologicAI is a technology company that provides core scanning, core logging, and mineral identificatoin. It uses AI to analyze rock scans.
GeologicAI is a technology company that provides core scanning, core logging, and mineral identificatoin. It uses AI to analyze rock scans.
10
Country: Canada | Funding: $29.1M
Ambyint delivers an Artificial Intelligence (AI) Driven automation and analytics solution for artificial lift optimization that builds on traditional physics-based techniques.
Ambyint delivers an Artificial Intelligence (AI) Driven automation and analytics solution for artificial lift optimization that builds on traditional physics-based techniques.
See also:
Top 10 Fusion Energy startups
Top 10 Fusion Energy startups
11
Country: USA | Funding: $25.6M
Osperity's technology provides AI-driven intelligent visual monitoring for industrial operations that can result in improved safety, reduced carbon footprints, and more.
Osperity's technology provides AI-driven intelligent visual monitoring for industrial operations that can result in improved safety, reduced carbon footprints, and more.
12
Country: USA | Funding: $23.5M
LongPath Technologies is an oil and gas monitoring service company that provides laser-based natural gas infrastructure monitoring systems.
LongPath Technologies is an oil and gas monitoring service company that provides laser-based natural gas infrastructure monitoring systems.
13
Country: USA | Funding: $20M
M2X Energy has developed a technology to capture methane from gas flare sites and convert it to liquid methanol, which can then be transported and used in low-carbon fuels and other materials.
M2X Energy has developed a technology to capture methane from gas flare sites and convert it to liquid methanol, which can then be transported and used in low-carbon fuels and other materials.
14
Country: USA | Funding: $18.1M
Eden GeoPower is a green energy tech startup that has developed a unique, electric, and environmentally technology to allow for less-water intensive hydrocarbon extraction.
Eden GeoPower is a green energy tech startup that has developed a unique, electric, and environmentally technology to allow for less-water intensive hydrocarbon extraction.
15
Country: Switzerland | Funding: $10.7M
UniSieve is a cleantech company that provides molecular separation membrane solutions for a wide range of applications. Energy carriers such as hydrogen or methane are transported and consumed in purified form.
UniSieve is a cleantech company that provides molecular separation membrane solutions for a wide range of applications. Energy carriers such as hydrogen or methane are transported and consumed in purified form.
16
Country: USA
Bluware enables the oil and gas industry to explore the full value of seismic data without the limitations forced by data size and current interpretation software.
Bluware enables the oil and gas industry to explore the full value of seismic data without the limitations forced by data size and current interpretation software.
17
Country: USA
SOTAOG application is specially designed to provide owners and operators in the oil and gas industry with a one-stop, fully-integrated solution for capturing and transforming field and operational data into real-time business intelligence that helps improve operational response, enhance business decisions and drive revenue growth.
SOTAOG application is specially designed to provide owners and operators in the oil and gas industry with a one-stop, fully-integrated solution for capturing and transforming field and operational data into real-time business intelligence that helps improve operational response, enhance business decisions and drive revenue growth.
18
Country: India | Funding: $8.5M
Flutura is an AI Solutions company focused on improving two core business objectives of "Asset Uptime" and "Operational Efficiency". Flutura does this with Cerebra, their AI Platform tuned for IIOT in Oil & Gas, Process Manufacturing, and Heavy machinery manufacturing industries, powering connected asset and connected operations use cases.
Flutura is an AI Solutions company focused on improving two core business objectives of "Asset Uptime" and "Operational Efficiency". Flutura does this with Cerebra, their AI Platform tuned for IIOT in Oil & Gas, Process Manufacturing, and Heavy machinery manufacturing industries, powering connected asset and connected operations use cases.
19
Country: Australia | Funding: $7.9M
Gridcog is a software startup optimizing the planning and operations of distributed energy systems.
Gridcog is a software startup optimizing the planning and operations of distributed energy systems.
20
Country: USA | Funding: $7M
Novi uses artificial intelligence and machine learning to help companies in the oil and gas industry operate more efficiently
Novi uses artificial intelligence and machine learning to help companies in the oil and gas industry operate more efficiently
21
Country: UK | Funding: $4.2M
Neptune Energy is an independent oil and gas exploration and production company.
Neptune Energy is an independent oil and gas exploration and production company.
22
Country: USA | Funding: $2.8M
Senslytics' data light approach to AI integrates domain expert knowledge, helping energy companies identify high-cost outliers earlier
Senslytics' data light approach to AI integrates domain expert knowledge, helping energy companies identify high-cost outliers earlier
23
Country: USA | Funding: $2.1M
Built specifically for commercial teams operating in oil value chains, BAYZYEN is a data and analytics SaaS application which supports concurrent short-term planning, scheduling and optimization.
Built specifically for commercial teams operating in oil value chains, BAYZYEN is a data and analytics SaaS application which supports concurrent short-term planning, scheduling and optimization.
24
Country: Israel
HARBO Technologies offers the fastest and most effective oil spill first response system in the world. Instead of relying on massive, bulky equipment and a large team of skilled professionals, HARBO’s T-FENCE system can be ready for immediate deployment by as few as two people at the spill source – whether on a vessel, at a port or an oil terminal. As the world’s lightest effective solution, it immediately blocks the spreading of oil spills and can be used even in the most remote locations as it requires minimal logistics.
HARBO Technologies offers the fastest and most effective oil spill first response system in the world. Instead of relying on massive, bulky equipment and a large team of skilled professionals, HARBO’s T-FENCE system can be ready for immediate deployment by as few as two people at the spill source – whether on a vessel, at a port or an oil terminal. As the world’s lightest effective solution, it immediately blocks the spreading of oil spills and can be used even in the most remote locations as it requires minimal logistics.
25
Country: USA | Funding: $1.6M
M1neral is building the first all-in-one transaction management platform for oil & gas minerals and royalties.
M1neral is building the first all-in-one transaction management platform for oil & gas minerals and royalties.
26
Country: USA
EMEP’s strategy is to acquire low-risk, long-lived producing assets with development upside in the Williston Basin and other select oil-weighted basins.
EMEP’s strategy is to acquire low-risk, long-lived producing assets with development upside in the Williston Basin and other select oil-weighted basins.
27
Country: Brazil
PhDsoft, an engineering technology company, has created a technology specializing in industrial digital twins. The company's 4D software, PhDC4D can predict the effect of time and elements on equipment and facilities, which can save its industrial clients money and downtime of its machinery, as well as improve safety conditions.
PhDsoft, an engineering technology company, has created a technology specializing in industrial digital twins. The company's 4D software, PhDC4D can predict the effect of time and elements on equipment and facilities, which can save its industrial clients money and downtime of its machinery, as well as improve safety conditions.
28
Country: USA | Funding: $1M
Nanotechnology startup FuelGems manufactures a fuel additive that reduces harmful greenhouse gases
Nanotechnology startup FuelGems manufactures a fuel additive that reduces harmful greenhouse gases
29
Country: India | Funding: $250K
Caliche develops disruptive technological solutions in the oil&gas sector particularly in upstream.
Caliche develops disruptive technological solutions in the oil&gas sector particularly in upstream.
30
Country: India | Funding: $200K
Rezlytix Technologies is in a B2B Enterprise SaaS/PaaS space and is helping, Oil and Gas companies accelerate digital transformation, unleash innovation to optimize production and profitability. The company is focused on deploying deep learning architectures for improving Field Planning, optimize production, and identify potential reservoirs faster and cleaner. The company’s flagship product STORM 2.0 enables customers to reimage their reservoirs in super resolution impacting their carbon footprint by drilling less and by enhancing productivity.
Rezlytix Technologies is in a B2B Enterprise SaaS/PaaS space and is helping, Oil and Gas companies accelerate digital transformation, unleash innovation to optimize production and profitability. The company is focused on deploying deep learning architectures for improving Field Planning, optimize production, and identify potential reservoirs faster and cleaner. The company’s flagship product STORM 2.0 enables customers to reimage their reservoirs in super resolution impacting their carbon footprint by drilling less and by enhancing productivity.
31
Country: Kenia | Funding: $75K
Xenom Energy is a transformative start-up building a cutting-edge marketplace for easy access to petroleum products in Africa.
Xenom Energy is a transformative start-up building a cutting-edge marketplace for easy access to petroleum products in Africa.
32
Country: USA
Spur intends to build a large scale business in the oil and gas sector that creates value through exceptional technical and operational execution
Spur intends to build a large scale business in the oil and gas sector that creates value through exceptional technical and operational execution
33
Country: USA
LOLA Energy is a locally owned, locally accountable oil and gas operating company focused on horizontal development of shale oil and gas resources.
LOLA Energy is a locally owned, locally accountable oil and gas operating company focused on horizontal development of shale oil and gas resources.
34
Country: USA
The Smart Assistant for Oil and Gas. She helps Oil and Gas companies make better and faster decisions, by organizing the collective knowledge within the company and making it effortlessly accessible. Imagine if Siri or Alexa went to school, got an advanced degree in Petroleum Engineering and Geoscience, then went to work in the Oilfield for several years, attended technical conferences, read journals and books; you would have Nesh.
The Smart Assistant for Oil and Gas. She helps Oil and Gas companies make better and faster decisions, by organizing the collective knowledge within the company and making it effortlessly accessible. Imagine if Siri or Alexa went to school, got an advanced degree in Petroleum Engineering and Geoscience, then went to work in the Oilfield for several years, attended technical conferences, read journals and books; you would have Nesh.
35
Country: USA
DAMorphe uses nanotechnology to provide solutions within oil and gas. The company has designed dissolvable frac plugs and balls with superior performance and lower cost, as well as a flowable sensor for downhole measurements.
DAMorphe uses nanotechnology to provide solutions within oil and gas. The company has designed dissolvable frac plugs and balls with superior performance and lower cost, as well as a flowable sensor for downhole measurements.
36
Country: USA
Sia, Delfin's product, is a virtual adviser for energy companies, able to reference a client's unstructured data in real-time to ensure that decisions are fully informed. Users can simply ask Sia a question and get the best answers from company data.
Sia, Delfin's product, is a virtual adviser for energy companies, able to reference a client's unstructured data in real-time to ensure that decisions are fully informed. Users can simply ask Sia a question and get the best answers from company data.
37
Country: USA
Nomad is revolutionizing the way sand is delivered and used by wells. It has created a new, mobile mine that can save 25 percent of the company's spend on sand.
Nomad is revolutionizing the way sand is delivered and used by wells. It has created a new, mobile mine that can save 25 percent of the company's spend on sand.
38
Country: USA
ZL Innovations is focused on eliminating greenhouse gas emissions from failed industrial valves. The company's solution is a magnetic actuation assembly that can be better sealed to prevent emissions.
ZL Innovations is focused on eliminating greenhouse gas emissions from failed industrial valves. The company's solution is a magnetic actuation assembly that can be better sealed to prevent emissions.
39
Country: Serbia
Kagera AI is helping Oil and Gas & companies optimize production and minimize downtime with Machine Learning & Deep learning
Kagera AI is helping Oil and Gas & companies optimize production and minimize downtime with Machine Learning & Deep learning
40
Country: USA
Pressure Corp is developing waste pressure power systems to help midstream gas companies solve how they reduce emissions by providing the technology, capital and expertise required to achieve their environmental, social and governance goals.
Pressure Corp is developing waste pressure power systems to help midstream gas companies solve how they reduce emissions by providing the technology, capital and expertise required to achieve their environmental, social and governance goals.
41
Country: USA
At Particle-N we developed an industry leading core-shell nano-particle technology.
At Particle-N we developed an industry leading core-shell nano-particle technology.
42
Country: USA
Onward Energy is an independent power generator that owns and operates a 6.2 GW portfolio of solar, wind, and gas generation projects in the U.S.
Onward Energy is an independent power generator that owns and operates a 6.2 GW portfolio of solar, wind, and gas generation projects in the U.S.
43
Country: Indonesia
Arka Data offers Real-Time Drilling Advisory solutions using data analytics, AI, and machine learning. Work closely with clients to provide customized solutions that enhance drilling efficiency, safety, productivity, and cost-effectiveness.
Arka Data offers Real-Time Drilling Advisory solutions using data analytics, AI, and machine learning. Work closely with clients to provide customized solutions that enhance drilling efficiency, safety, productivity, and cost-effectiveness.