‘10/12 Industry Report’: Five oil and gas tech startups to watch
Tough economic times encourage entrepreneurialism. Just look at Google, McDonald’s and Microsoft—all of which were founded during tough economic times.
And as 10/12 Industry Report details in a feature from its latest quarterly issue, tough economic times in the oil and gas sector is spurring giants such as Shell, Halliburton and Chevron to invest in private tech companies aimed at increasing efficiencies, safety and production to positively impact bottom lines.
A number of new technological innovations in the industry were recently on display at the second annual Energy Innovation and Entrepreneurship Summit, held in conjunction with the New Orleans Entrepreneur Week. Among the startups showcased at the event, 10/12 Industry Report highlights five startups in the industry to watch this year.
Among them is Spotter, a tablet app created by Baton Rouge-based Envoc, which allows companies to create and manage their own inspection questionnaires or forms for users in the field. The app was created to replace the pen and paper in order to make audits and inspections more accurate than ever before.
Another company to watch is 3rd Dimension Media, a Lafayette-based startup that provides 3-D animation for oil and gas industry tradeshows, interactive safety trainings and marketing materials. The animations provide the viewer with an easy-to-understand visualization to very complex industry hardware, technology and processes.
Cleargistix, a New Orleans-based technology company, provides a platform that allows for the efficient and accurate capture of field and vessel activities, and provides real-time revenue, personnel and other information. Oil and gas service companies can use this SaaS solution to eliminate inefficient, manual and often paper-based activity recording.
Read the full story, and sign up for a free subscription to the quarterly magazine, which is a sister publication of Business Report. Send feedback, story ideas and company news to firstname.lastname@example.org.