Tag: Oil / Gas

Oil and Gas companies are trending toward automation and intelligent, interconnected systems to improve their businesses. One startup at the forefront of this movement is Osprey Informatics, which develops and provides cloud-based intelligent visual monitoring solutions for the oil and gas industry.

Ambyint, a Calgary- and Houston-based startup focused on oil & gas well optimization and automation, provides an artificial lift automation and optimization solution to engineering and operations teams that scales production workflows using artificial intelligence, machine learning, and physics-based mathematics. AWS recently caught up with Ambyint CEO Alex Robart to learn more about what trends he sees in the oil & gas industry, how Ambyint differentiates itself, and where the company goes next.

Given that the gains from onshore oil drilling, and in yield and efficiency are beginning to flatten, the oil and gas industry needs to dive into another deep engineering phase to once again increase efficiency.

Oil and gas operators are feeling the pinch. “Their wells are underperforming, so they can’t get enough oil out of the ground and they are missing financial forecasts,” says Josh Ulla, Chief Development Officer at Deep Imaging. Analytics are the life blood of the business world, but they haven’t yet taken a strong hold in the energy industry. That’s where startups like Deep Imaging Technologies come in.

While the oil and gas industry has a great history of collaboration on engineering and technology and is the source of many pioneering inventions, it is also highly regulated, under significant competitive pressures, and capital intensive, which has resulted in the creation of barriers to the sharing of information at an industry level, Rana Basu says. That’s why he and his Co-Founder Jean-Pierre Foehn decided to start Ondiflo, with the goal of delivering the benefits of IOTs, machine learning, and blockchain technology.

In 2013, Luther Birdzell formed OAG Analytics to create an AI platform that enables oil and gas companies to use more of their data to help solve critical problems like well spacing. Today, the OAG-Amazon SageMaker integration enables customers to unify their datasets and create proprietary analyses using virtually unlimited compute.

In today’s complex, internet-driven consumer marketplace, it’s nearly impossible to purchase goods that haven’t spent some time on a truck. With that kind of reach, the logistics industry has a considerable ripple effect on the environment and on the cost of consumer items. When trucks burn more fuel, they increase global pollution and shipping costs, which leads to higher prices at the register for the goods we buy every day.