Topic Discussed : Start-ups Driving Innovation in Upstream Oil & Gas
Speaker: Rasholeen Nakra, Frost & Sullivan with Talgat Shokanov, CEO and president at QuantumPro; Yvonne van den Berg, co-founder and chief commercial officer at Ingu Solutions; Evyatar Meiron, CEO at Fieldbit; and Mark McClure, CEO at ResFrac
The oil and gas industry has overcome major volatility over the past decade. We have witnessed $130 oil and, more recently, $30 oil. Now we are seeing an outburst of start-ups and a changing culture that is founded on innovation. The upstream oil and gas industry is increasingly focused on cutting costs and improving recovery rates through the adoption of radical new solutions and digital technologies. While some oil & gas companies are developing these innovations themselves, many are investing, acquiring or partnering with start-up companies to drive change. Some believe we are in the "Golden Age” of emerging technology development and investment. The oil and gas start-up ecosystem is certainly alive and growing.
Key takeaways include:
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