Digital Startups Raise Hundreds of Millions to Modernize Upstream Sector
Producers and investors continue to reward small companies with big solutions that lean on new software and hardware to lift the bottom line of one the world’s few trillion-dollar industries.
Shell’s Well Pad of the Future Is Open for Business
The international major is calling its latest multiwell project in the Permian Basin a “beacon of innovation.” The goal is to see if combining digital technologies will lower the operating costs of its shale assets.
Canadian Startups Shine in Calgary Contest
The SPE Annual Technology Conference and Exhibition is fast becoming one of the essential venues for the energy industry’s growing array of startups. All startups awarded a cash prize this year for the viability of their offering call Alberta home.
To Spark Real-Time Revolution, Fracture Diagnostic Firms Partner Up and Innovate
The types of advancements made in real-time drilling data acquisition and processing are now on the doorstep of the North American completions sector. Technology developers are banding together under the umbrella of “coopetition” in a bid to change the way producers fracture tight reservoirs.
Summer of Funding: These Oil and Gas Startups Raised More Than $70 Million
Technology startups are breathing new life into an old industry with advanced software and emerging chemistry solutions. Learn about some of the names earning the most attention from the industry's venture capital groups.
Equinor Picks 10 New Startups for Accelerator Program
Digital technologies serve as a primary theme of this year’s group, with a few environmentally conscious firms included in the mix.
Anadarko’s Digital Legacy Offers a Template for Others
The large independent put together a team of data scientists, software developers, and petrotechnical staff to create a forward-looking vision for how to use digital technology to solve problems.
New Tech Accelerator Teams With Big Operators To Solve the Pilot Problem
Funding for startups in the upstream industry does not always guarantee that oil and gas companies will want to test the new technology. A new venture and accelerator model hopes to change this through guaranteed pilots.
How Do Oil and Gas Investors Pick Entrepreneurs? Vice Versa?
Oil and gas entrepreneurs need more than just a brilliant idea to attract investment, and investors have to offer more than just money.
University Group Lists “Most Promising” Oil & Gas Startups of the Year
Being a startup in oil and gas isn’t always easy, and so it is nice when you get noticed at the industry’s largest gathering, the Offshore Technology Conference. Learn about 10 new companies that industry insiders say are the ones to watch in 2018.
Disruptive Drilling Technology Is All About Money and Those Who Have It
Money is the root all of startups, but getting it and making more of it depends on dealing with demanding people.
Making Money in Oilfield Innovation Requires a Good Idea, Execution, Timing, and an Exit Strategy
Making money on drilling innovation requires finding a technology that solves a significant problem, executing a good plan, and getting out while still ahead.
Clouds are Forming Around the Upstream Sector, and That’s a Good Thing
No longer considered a buzz phrase, cloud computing has made converts of the largest oil companies, and now the smaller ones are next.
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