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51 Best Startups Taking on and Innovating in the Oil and Gas Space

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This article showcases Welp Magazine’s top picks for the best ‘Oil and Gas’ startups. These startups are taking a variety of approaches to innovating in the Oil and Gas industry, but are all exceptional startups well worth a follow.

We selected these startups for exceptional performance in one of these categories:

  • Innovation
    • Innovative ideas
    • Innovative route to market
    • Innovative product
  • Growth
    • Exceptional growth
    • Exceptional growth strategy
  • Management
  • Societal impact

Welp Magazine hosts a yearly startup award honouring the most outstanding entrepreneurs and high-growth businesses in the world. If you want to enter your startup to be in the running for the top startup of 2021 or learn more about our competition click here.


1. Acoustic Wells

The idea behind this startup: Acoustic Wells offers industrial IoT solutions to maximize oil field efficiency and reduce environmental impact.

Headquarters: Boston, Massachusetts, United States

Industries: Internet, Internet of Things, Oil and Gas

Founders: Sebastien Mannai

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2. Valent Low-Carbon Technologies

The idea behind this startup: Valent Low-Carbon is an industrial technology development company focused emerging renewable fuels and refining process innovations.

Headquarters: Oakville, Ontario, Canada

Industries: Fuel, Industrial, Industrial Manufacturing, Oil and Gas

Founders: KARLIS VASARAIS, LISA BRUCE, TIM HAIG

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3. m1neral

The idea behind this startup: M1neral is building the first all-in-one transaction management platform for oil & gas minerals and royalties.

Headquarters: Houston, Texas, United States

Industries: Energy, FinTech, Oil and Gas, Software

Founders: Jacob Avery, Kyle Chapman, Shawn Cutter

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4. Proteus

The idea behind this startup: SaaS

Headquarters: Aberdeen, Aberdeen City, United Kingdom

Industries: Industrial Engineering, Oil and Gas, Software

Founders: Unknown

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5. Ryno Energy Partners

The idea behind this startup: Ryno Energy Partners is a growth-oriented, independent midstream company

Headquarters: Tyler, Texas, United States

Industries: Oil and Gas

Founders: Brandon T. Steele, David A. Fitch

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6. inerG, Inc.

The idea behind this startup: SaaS apps for energy assets investment & management

Headquarters: Houston, Texas, United States

Industries: Energy, Energy Management, Information Technology, Oil and Gas, Software

Founders: Celestine Vettical

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7. GENPARTS SUPPLY

The idea behind this startup: GENPARTS offers a wide range of Genuine, OEM and Only quality aftermarket parts, such as Caterpillar, Cummins, Perkins,

Headquarters: Baku, Baki, Azerbaijan

Industries: Electric Vehicle, Manufacturing, Oil and Gas

Founders: Afqan Quliyev

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8. Antelope Water Management

The idea behind this startup: Antelope Water Management partners with the oil & gas and mining industries to deliver water infrastructure, sourcing and disposal services.

Headquarters: Austin, Texas, United States

Industries: Energy, Oil and Gas, Water, Water Purification

Founders: Chris Kelley, Dustin Brownlow, Zachary Sadow

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9. EnviCore Inc.

The idea behind this startup: Tailings Treatment, Industrial Wastewater Treatment, R&D Company

Headquarters: Calgary, Alberta, Canada

Industries: CleanTech, Mining, Natural Resources, Oil and Gas, Sustainability, Waste Management, Water Purification

Founders: Shahrukh Shamim

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10. Nextraction Energy Corp.

The idea behind this startup: Nextraction Energy Corp. is a Canadian junior oil and natural gas company.

Headquarters: Calgary, Alberta, Canada

Industries: Cannabis, Commercial, Energy, Oil and Gas

Founders: Unknown

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11. Yazzer

The idea behind this startup: Never Go to the Gas Station Again!

Headquarters: Princeton, New Jersey, United States

Industries: Automotive, Delivery Service, Fuel, Mobile, Oil and Gas

Founders: Gregory Hough

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12. United Exploration

The idea behind this startup: United Exploration is an oil and gas investor managing oil and gas investment partnerships that generate cash flow for their partners.

Headquarters: Grapevine, Texas, United States

Industries: Energy, Financial Services, Oil and Gas, Venture Capital

Founders: Jacob Jackson, Morgan O’Neal

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13. MineralAnswers.com

The idea behind this startup: SaaS, MaaS, DaaS, Community, Network, Platform

Headquarters: Dripping Springs, Texas, United States

Industries: Information Technology, Internet, Oil and Gas

Founders: Jeff Chambers

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14. Xenom Energy

The idea behind this startup: Xenom Energy is a transformative start-up building a cutting-edge marketplace for easy access to petroleum products in Africa.

Headquarters: Nairobi, Nairobi Area, Kenya

Industries: Brand Marketing, E-Commerce, Energy, Information Technology, Logistics, Marketplace, Oil and Gas

Founders: Kevin Owino

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15. Enverus

The idea behind this startup: Enverus is delivering business critical insights to oil and gas industries through SaaS platform.

Headquarters: Austin, Texas, United States

Industries: Energy, Oil and Gas, SaaS, Software

Founders: Unknown

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16. South Plains Petroleum

The idea behind this startup: South Plains Petroleum is an oil and gas production company.

Headquarters: Abilene, Texas, United States

Industries: Energy, Industrial, Oil and Gas

Founders: Richard Quintal, Suzanne Ruffini

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17. SuperVision Earth

The idea behind this startup: Digital monitoring solutions for the gas transmission sector

Headquarters: Darmstadt, Hessen, Germany

Industries: Artificial Intelligence, Energy, Oil and Gas, Software

Founders: Unknown

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18. Plastogaz

The idea behind this startup: Plastogaz is a company specializing in natural gas production from waste resources.

Headquarters: Lausanne, Vaud, Switzerland

Industries: Oil and Gas, Renewable Energy, Waste Management

Founders: Antoine van Muyden, Felix Bobbink, Wei-Tse Lee

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19. CombuData

The idea behind this startup: CombuData is a Fuel SaaS for monitoring and managing fuel prices and costs for purchases in the B2B and B2B2C (retail) markets.

Headquarters: Curitiba, Parana, Brazil

Industries: Fuel, Oil and Gas, Software

Founders: Daniel Colella, Vinicius Donin

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20. Helixtap Technologies

The idea behind this startup: Where physical commodity trading meets technology. Areas of Focus: Commodities trading, Supply Chain Management, Commoditech

Headquarters: Singapore, Central Region, Singapore

Industries: B2B, Enterprise Software, Information Technology, Oil and Gas, Plastics and Rubber Manufacturing, Predictive Analytics, SaaS, Software, Supply Chain Management, Trading Platform

Founders: Unknown

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21. GZX

The idea behind this startup: GZX is a SaaS platform for the bilateral trading of environmental emission credits.

Headquarters: Baltimore, Maryland, United States

Industries: Biofuel, Biomass Energy, Clean Energy, Energy, Fuel, Oil and Gas, Renewable Energy, SaaS, Software, Trading Platform

Founders: Garret Zarembo

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22. Transform

The idea behind this startup: Transform are innovating training and workforce competency across the world with technology.

Headquarters: Unknown

Industries: 3D Technology, Oil and Gas, Training, Virtual Reality

Founders: Unknown

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23. Vigti

The idea behind this startup: Vigti is making gas pipeline safer and smarter

Headquarters: Singapore, Central Region, Singapore

Industries: Artificial Intelligence, Consulting, Information Technology, Internet, Machine Learning, Oil and Gas, Software

Founders: Unknown

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24. GZ Energy

The idea behind this startup: GZ Energy provides OTC voice-brokered and electronic emissions trading solutions for the renewable energy industry.

Headquarters: Baltimore, Maryland, United States

Industries: Biofuel, Biomass Energy, Clean Energy, Energy, Fuel, Oil and Gas, Renewable Energy, SaaS, Software, Trading Platform

Founders: Garret Zarembo

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25. Lytt

The idea behind this startup: Lytt is a young start-up with a big ambition: to shape the future of Energy through advanced analytics.

Headquarters: Sunbury-on-thames, Surrey, United Kingdom

Industries: Analytics, Energy, Oil and Gas

Founders: Unknown

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26. STRYDE

The idea behind this startup: STRYDE: visualising the subsurface of any terrain.

Headquarters: London, England, United Kingdom

Industries: Image Recognition, Information Technology, Oil and Gas

Founders: Unknown

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27. Battalion Oil

The idea behind this startup: Battalion Oil Corporation is an independent energy company that produced the exploration & development of oil and natural gas properties.

Headquarters: Houston, Texas, United States

Industries: Energy, Oil and Gas

Founders: Unknown

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28. Central Element Ltd.

The idea behind this startup: Unique Nuclear Magnetic Resonance technology application for remote sensing

Headquarters: Zürich, Zurich, Switzerland

Industries: Consulting, Environmental Consulting, Marine Technology, Military, Mineral, Nuclear, Oil and Gas, Water

Founders: Unknown

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29. Saifety.AI

The idea behind this startup: Saifety.ai is an AI enabled Safety Management Platform for high risk industries.

Headquarters: Dubai, Dubai, United Arab Emirates

Industries: Artificial Intelligence, Construction, Oil and Gas, Public Safety

Founders: Prakash Senghani

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30. Urgent Fuel

The idea behind this startup: Urgent Fuel is the first on-demand fuel delivery services platform in Bangladesh.

Headquarters: Dhaka, Dhaka, Bangladesh

Industries: Automotive, Delivery, Fuel, Information Technology, Mobile Apps, Oil and Gas

Founders: Manjur Rahman, Rakib Ullah

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31. Cerebre

The idea behind this startup: Industrial IoT development and AI modeling

Headquarters: Unknown

Industries: Aerospace, Artificial Intelligence, Internet of Things, Oil and Gas, Smart Building, Software

Founders: Jeffrey Robbins

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32. Signal Peak Silica

The idea behind this startup: Signal Peak Silica is a logistic company that offers in-basin frac sand supply and logistics services to support the oil & gas industry.

Headquarters: Houston, Texas, United States

Industries: Energy, Logistics, Oil and Gas, Transportation

Founders: Unknown

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33. NGV Global Group

The idea behind this startup: NGV Global Group designs, manufactures, distributes and supports natural gas-operated medium and heavy-duty commercial vehicles.

Headquarters: Dallas, Texas, United States

Industries: Autonomous Vehicles, Manufacturing, Oil and Gas

Founders: Unknown

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34. enechain

The idea behind this startup: enechain provides liquidity in Japan’s energy market by brokering OTC transactions of energy.

Headquarters: Akasaka, Tokyo, Japan

Industries: Energy, Oil and Gas, Service Industry

Founders: Unknown

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35. Daytum

The idea behind this startup: daytum: An education platform that bridges data scientists, energy industry professionals, and technology

Headquarters: Houston, Texas, United States

Industries: Education, Oil and Gas

Founders: Unknown

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36. Hough Capital

The idea behind this startup: Investment firm focused on clean energy, transportation, distribution & logistics, real estate, and oil & gas investments

Headquarters: Windsor, New Jersey, United States

Industries: Clean Energy, Electric Vehicle, Logistics, Oil and Gas, Solar, Transportation, Wind Energy

Founders: Gregory Hough

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37. Apex Peak

The idea behind this startup: Software development specializing in realtime IOT, data analytics and digital transformation.

Headquarters: Unknown

Industries: Business Intelligence, Data Visualization, Internet of Things, Mobile Apps, Oil and Gas, Software, Software Engineering

Founders: Aaron Cooke

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38. Eckard Land & Acquisition

The idea behind this startup: Eckard Land & Acquisition is a Oil and Gas Minerals.

Headquarters: Allen, Texas, United States

Industries: Mineral, Oil and Gas

Founders: Unknown

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39. Ryaen Holding Private Limited

The idea behind this startup: Ryaen Holding Private Limited is the principal investment holding company and promoter of Ryaen companies.

Headquarters: Unknown

Industries: Automotive, Digital Entertainment, Electronics, Financial Services, Information Technology, Leisure, Logistics, Media and Entertainment, Oil and Gas, Telecommunications

Founders: Ravichandra Reddy Vakati

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40. EnergyExpert

The idea behind this startup: Market Intelligence & Learning

Headquarters: Dubai, Dubai, United Arab Emirates

Industries: Artificial Intelligence, Business Intelligence, Energy, Market Research, Oil and Gas, Power Grid, Renewable Energy

Founders: Unknown

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41. Templeton Apus

The idea behind this startup: Templeton Apus provides essential news & intelligence to anyone involved in business, politics, health & finance across 47 sectors worldwide

Headquarters: Vienna, Wien, Austria

Industries: Business Intelligence, Digital Media, Health Care, Information and Communications Technology (ICT), Information Services, Mining, Oil and Gas, Pharmaceutical, Renewable Energy

Founders: Unknown

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42. Marcel Kooter Ltd.

The idea behind this startup: Helping companies operating in the oil and gas industry create value and pursue strategic growth in a complex and volatile market.

Headquarters: Unknown

Industries: Consulting, Oil and Gas

Founders: Marcel Kooter

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43. Ponderosa Energy

The idea behind this startup: Ponderosa Energy is a oil & energy company located in AUSTIN.

Headquarters: Austin, Texas, United States

Industries: Energy, Energy Storage, Oil and Gas

Founders: Unknown

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44. LPC Crude III

The idea behind this startup: LPC Crude III is an integrated Permian basin crude oil marketing platform providing purchasing at the lease.

Headquarters: Midland, Texas, United States

Industries: Oil and Gas

Founders: Unknown

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45. Trans-Northern Pipelines

The idea behind this startup: Trans-Northern Pipelines is a operates regulated pipelines in central Alberta.

Headquarters: Richmond Hill, Ontario, Canada

Industries: Energy, Oil and Gas, Transportation

Founders: Unknown

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46. SwitchMyEnergy.com

The idea behind this startup: The Energy Comparison & Switching Site

Headquarters: Unknown

Industries: Energy, Energy Management, Oil and Gas, Price Comparison, Renewable Energy

Founders: Unknown

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47. PENTAGON STEEL ENGINEERING

The idea behind this startup: PENTAGON STEEL ENGINEERING provides steel detailing services and products.

Headquarters: Mumbai, Maharashtra, India

Industries: Civil Engineering, Manufacturing, Oil and Gas

Founders: Unknown

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48. Process Risk Consulting

The idea behind this startup: Process Safety Engineering Consultancy

Headquarters: London, England, United Kingdom

Industries: Chemical, Chemical Engineering, Oil and Gas, Risk Management

Founders: Unknown

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49. Fypion – Marketing & Consulting

The idea behind this startup: We like connecting companies with people through technology

Headquarters: New Delhi, Delhi, India

Industries: Consulting, Information Technology, Internet, Management Consulting, Marketing, Oil and Gas, Personal Branding

Founders: Prince Yadav

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50. Bear Grid

The idea behind this startup: Bear Grid is a Start Up company developing technical solutions for security and surveillance systems based on AI seismic activity ​

Headquarters: Unknown

Industries: Artificial Intelligence, Corrections Facilities, Environmental Engineering, Industrial Automation, National Security, Oil and Gas, Security, Smart Home

Founders: Unknown

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51. Summit Terminaling

The idea behind this startup: Summit Terminaling is a Bulk Liquids Terminaling and Logistics Company.

Headquarters: Cumming, Georgia, United States

Industries: Logistics, Oil and Gas

Founders: Unknown

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