Top 20 Oil and Gas Technology Companies - 2019

The oil and gas companies are facing significant difficulties in terms of continuous price volatility and inflationary costs on wages and raw materials and the increasingly stringent environmental standards. To sustain their supply of crude oil or gas, these companies are not only looking to extend the life of mature sites but also seeking new sources with complex and costly extraction, transportation and refinement. The companies aim to ensure complete reliability of their plants, eliminating any chances of unplanned shutdowns, increasing the throughput rate with secured industrial assets. To navigate through this fast-evolving environment, the oil and gas sector should embrace emerging technologies for increased productivity, safer operations, improvement in operational efficiency, safety, and cost savings.

To explore and forge new business models while maintaining the digital transformations, the oil and gas arena is leveraging innovative technologies like IoT, edge computing, and applying the “cloud-first” strategy for delivering growth amid today’s pervasive change. At present, most oil and gas companies are moving to cloud-based platforms to host their business applications in terms of areas like sub-surface, land, and production systems. The business trend is shifting toward 100 percent cloudification with the rising expectation on analytics and artificial intelligence (AI)-based applications to provide greater control and improved self-service. Moreover, oil and gas companies are using blockchain technology in areas like supply chain, logistics, trading, joint ventures, and production accounting to enable successful digital transformations and redefine the remit of data governance.

Further, asset performance management (APM) and “digital twin” initiatives are driving the development of innovative new solutions for managing critical assets across upstream and downstream operations of oil and gas companies. Augmented/virtual reality technologies are also playing significant roles alongside the APM tools and applications to reduce risk and improve reliability. The oil and gas companies utilize long-term programs and initiatives to ingest, manage and interpret asset operational data and performance KPIs in real time encompassing areas from sub-surface visualization to well-drilling to mid-stream pipeline corrosion and static refinery assets. Besides, real-time asset and worker tracking solutions are becoming mainstream with the oil and gas companies’ increasing focus on worker safety and productivity.

In addition, the adoption of 4D seismic technology is gaining momentum among the oil and gas companies to map and interpret potential hydrocarbon reserves in deeper waters. The increasing application of 4D seismic techniques in both exploration and production of oil and gas minimizes drilling risk and maximizes the ROI.

Although the significant technological innovations in the oil and gas market help businesses boost prosperity in their long-term growth and innovation agendas, CIOs find it difficult to choose the right partner among a plethora of vendors in the market.

To help CIOs navigate through the list of oil and gas solution providers, our distinguished selection panel, comprising CEOs, CIOs and VCs, industry analysts and the editorial board of CIOReview narrowed the 20 most promising oil and gas solution providers 2019 that exhibit competence in offering efficient solutions. 

We present to you CIOReview’s “20 Most Promising Oil and Gas Solution Providers 2019.”

Top 20 Oil and Gas Technology Companies - 2019

Top Oil and Gas Technology Companies

As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. We provide advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. Our partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage

EquityMetrix Technologies provides well-developed, best-in-class solutions to mineral trust owners and gas operators to manage their assets and lease information data. The company has created a comprehensive product—Mineral Trust—that helps clients in keeping track of their assets and incoming data from oil wells. Additionally, EquityMetrix Technologies offers is Active Receipts—a program that matches land data and revenue data that compares the actual oil production with the interest rates being paid to the firms. EquityMetrix Technologies also leverages its proprietary solutions—Digital Lease Review— to review lease discrepancies

Fendahl’s Fusion CTRM is the next Generation of CTRM Software, trusted by trading organisations both small and large on a global scale. Fusion CTRM is a multi-commodity intelligent CTRM system that supports the requirements of front office, operations and back office and provides powerful in-built reporting tools. Fusion CTRM delivers a single easy to use modular CTRM platform. Fusion’s modern architecture coupled with Fendahl’s 100 per built in house philosophy provide significant advantages over legacy CTRM solutions. Fusion CTRM delivers advanced CTRM functionality, market data management, and advanced business intelligence tools within a single integrated modular software platform

FutureOn surfaces from Xvision, which is a part of the EXP group having more than fifteen years of experience in providing state-of-the-art visual engineering. The company caters to an impressive clientele belonging to the Oil and Gas subsea sector. FutureOn is headquartered in Oslo, Norway and has an office in Houston, TX. The enterprise has developed a large number of visual software and digital solutions for the oil and gas subsea domain. The core employees and co-founders at the firm are all qualified entrepreneurs and experienced professionals within the visual design and oil and gas industry

A RFID technology leader and pioneer providing the oil & gas industry IoT-based asset tracking, compliance, and material flow management solutions. Omni-ID’s versatile portfolio of award-winning products provides a complete range of tags with unprecedented accuracy in any environment. A pioneer in the application of IoT technology in the oil & gas sector, Omni-ID specializes in creating customized RFID tags that can withstand a significant amount of mechanical wear and tear—a critical requirement to implement asset tracking and inventory management in oil and drilling fields. Having developed patented technologies for on-metal tagging, Omni-ID has emerged as the go-to RFID solution for oil & gas companies

SitePro is a digital oilfield and fluidmanagement company focused on delivering automation and electronic ticketing workflow solutions. Since launchingtheir “software as a service” in 2012, SitePro was built for the energy industry by a team who understands the oilfield and the need to reduce costs while increasing efficiency and production. Today, SitePro has become one of the fastest growing automation solutions in the U.S. The SitePro staff consists of well-educated and highly knowledgeable oil and gas industry professionals from engineering, computer science, field service, and business backgrounds

Technical Toolboxes is headquartered in Houston, TX. The firm is a top provider of cloud-powered and integrated pipeline software, technical training and online resources. Pipeline engineering experts across the globe are leveraging the aforementioned services. The firm also enables engineering software productivity tools aimed at standardization through their integrated software products. Technical Toolboxes also caters to the oil and gas sector by providing training courses covering a range of topics delivered by industry-recognized experts

The company provides best-in-class automation system design, integration, programming, and commissioning services. With its competency of automation, today TAS has become atrusted partner within the oil and gas industry. The company’s core competencies include process automation consulting, design, build and deployment (PLCs, RTUs, etc.), SCADA System and wired and wireless network design, build and deployment alongside related fabrication services such as racks, skids, panels, VFDs, MCCs, etc.With an experienced staff of field automation specialists, the company also offers troubleshooting, programming, and commissioning services. Having been in the industry for seven years, TAS caters to various industries including oil & gas, chemical, food & beverage, water & wastewater, and general industries

U.S. Well Services, Inc. is an oilfield well stimulation service provider to the upstream oil and gas industry based in Houston, Texas. They provide high-pressure, hydraulic fracturing services in unconventional oil and natural gas basins. Both of their conventional (diesel) and Clean Fleet® (electric) hydraulic fracturing fleets have the capability to handle the most demanding pressure and pump rate requirements. The team at U.S. Well Services, Inc. aim to provide their clients with the highest quality and advanced hydraulic fracturing services

Zedi is a leading technology and services company in the field of production operations. Through technology backed by expert consultation and services, we help our customers realize their production potential. With the company’s unique combination of award-winning software, automation, measurement, labs, artificial lift and field services, the company offers complete solutions for the challenges our customers encounter in the oil and gas space

Add Energy

Add Energy

Headquartered in Stavanger, Norway, Add Energy is an global oil service company providing services across the exploration and production (E&P) value chain. They provides robust solutions and specialized consultancy services that enable operations to be safe, compliant and efficient. Apart from Norway, they operate in seven other countries. The team at Add Energy combines specialized engineering and proprietary software solutions to deliver technical assessments, strategic advice, incident investigations, improvement plans, process development, training and much more. They cater mainly to oil and gas companies, government agencies and trade organizations.

Aker Solutions

Aker Solutions

Aker Solutions is a sustainable energy solution provider, headquartered in Fornebu, Norway. They engineer products, systems and services required to unlock energy. Aker Solutions try to maximize recovery and efficiency of oil and gas assets. Their team aims at developing innovative sustainable solutions. They offer their clients with field planning, floater designs, offshore wind solutions, digital solutions and much more. Aker Solutions have been in the business for 178 years and operate in over 20 countries. Their technical expertise provide energy companies with everything they need

Apergy

Apergy

Apergy offers the oil & gas industry with innovative technology solutions. They are known for unlocking energy with highly engineered products and technologies that are used to drill and produce oil and gas efficiently and safely. Apergy's artificial lift equipment and solutions inlcudes rod pumping systems, electric submersible pump systems and progressive cavity pumps. They also offer software and IIoT solutions for downhole monitoring, wellsite productivity enhancement and asset integrity management. Based in The Woodlands, Texas, they operate in over 8 countries

eDataViz

eDataViz

Based in Houston, Texas, eDataViz is an oil and gas consulting services company. The company provides upstream production data management system, specifically hydrocarbon accounting and greenhouse gas reporting. eDataViz's Energy Builder is a complete solution for hydrocarbon accounting. The software is designed to assist oil and gas upstream companies to manage production data, product delivery, sales, and greenhouse gas reporting. Their innovative hydrocarbon accounting application simplifies the hydrocarbon allocation process. The company also provides consulting services to third party production allocation technologies

eLynx Technologies

eLynx Technologies

eLynx Technologies develops oil and gas analytics platforms. The expert team at eLynx Technologies aims at continuously building an ecosystem of innovation that leverages modern cloud platforms, data science, and industry and academic partners. Their main services include SCADA monitoring, operational intelligence and predictive analysis. SCADA monitoring provides end-to-end data for wells. eLynx Technologies is also developing a cloud-based technology to get insights and performance predictions from that data and immediately modify in-field operations. They offer the complete data pipeline starting from installing hardware, to the point receiving predictive insights

Expro

Expro

Expro has over 40 years of experience thriving on which the firm offers tailor-made solutions for clients across the energy industry. The firm is present in over fifty countries and has been able to offer service solutions that have a global standard. The three areas on which Expro retains a keen focus are production services, well test and appraisal services and Subsea, completion and intervention services. The firm aims to be a market leader in well flow management relying upon their workforce that encompasses the best talent in the industry

Flowserve

Flowserve

Flowserve develops and services solutions in the fluid motion control arena. Most of their solutions find application in some of the world’s most crucial and toughest applications. The leading firms belonging to the oil and gas sector rely on Flowserve for upstream exploration and production, downstream processing and midstream application. The other sectors where Flowserve finds applicability include chemicals, power, water and, food processing, pharmaceutical sector, and general industrial requirements. Flowserve has successfully catered to businesses in search of strategies to resolve problems faster, optimize systems and equipments and predict impending problems

Honeywell

Honeywell

Honeywell has been in the business for over 100 years. The firm provides industry-specific solutions to a wide range of sectors. They include building technologies, aerospace, safety and productivity solutions, and performance materials and technologies, retail, supply chains and safety. The industrial solutions from Honeywell have been able to reduce about forty percent of errors through cutting edge worker solutions. The Honeywell clients have been able to streamline their operations and drive results to boost ROI

P2 Energy Solutions

P2 Energy Solutions

P2 has an impressive client base belonging to the oil and gas sector that goes beyond 1700, across the globe. The data and software solutions delivered by the firm find applicability across an enterprise from back-office to the front-end. P2 develops solutions for tackling issues such as production, accounting and finance, geospatial data and land management. All the solutions by P2 are aimed at enabling organizations to drive maximum value through business operations and meet today’s requirement and stay ahead of the competition

Sirius Solutions

Sirius Solutions

The company is a professional services firm focused on improving the operational and financial performance of its clients. As a management consultancy that offers financial strategy, business operations, compliance, and legal advisory services, Sirius understands how different business functions: commercial, field operations, HR, supply chain, finance, and legal, approach and leverage data. The company has capabilities to develop custom solutions around machine learning, automation, APIs, software or platform development, Blockchain, and data strategies. Sirius also provides companies a platform to launch PoCs around automation, RPAs, and machine learning. The platform helps companies organize data so that businesses can develop deep insights and foresight’s, including predictive analytics and real-time cash flow from operations