Operators in the oil and gas industry face significant challenges when it comes to connecting with suppliers and streamlining the bidding process. The current methods are often complex, time-consuming, and lack transparency, resulting in inefficiencies and difficulties in finding the right suppliers for their needs. BidOut offers a solution to these challenges through a procurement platform designed to simplify the bidding process for operators in the oil and gas industry. This episode explores BidOut's solution, including its successful track record, verification system, and focus on adapting to industry needs.

BidOut on Oil and Gas Startups

The Oil and Gas Startups Podcast showcases emerging technologies and tells the stories of founders, investors and industry leaders.

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This week on the Oil and Gas Startups podcast, we were excited to host Jim and Thad from Riot Edge Solutions, recent winners of the Midland Energy Tech Night championship. 
 Introduction to Riot Edge Solutions: Learn about Jim and Thad’s backgrounds and their journey to founding Riot Edge Solutions, a company innovating at the crossroads of technology and energy. Winning at Midland Energy Tech Night: A look at their recent victory and what it means for their company and its visibility in the industry. Edge Computing in Oil and Gas: Discussing the shift towards edge computing, the advantages it offers for real-time data processing, and how Riot Edge Solutions is leveraging this technology to transform operations. Product Showcase: Dive into the technical aspects of Riot Edge Solutions' products, including how their sensors improve operational efficiency and data accuracy in oil and gas operations. Industry Impact and Future Trends: Explore how edge computing continues to evolve and what future developments Jim and Thad foresee in the technology landscape of the oil and gas industry. 
 Find us here

RIOT Edge Solutions on Oil and Gas Startups

This week on our podcast, we were joined by Matt Gallagher, the CEO of Greenlake Energy, alongside his colleague Rob, as they discussed the exciting developments at their company and in the energy sector. Here’s what we covered: Building a Tall Team: Insights into the dynamic and impressive team at Greenlake Energy, noted not only for their professional expertise but also for their towering statures.
Greenlake's Bitcoin Ventures: How Greenlake Energy is pioneering the integration of Bitcoin strategies into their energy projects, in partnership with leading Bitcoin advisory firms.
Advanced Data Management: A deep dive into Greenlake’s innovative use of real-time data analytics and how they manage to stay ahead of the curve with their high-tech dashboard systems.
Strategic Investments for Scalability: Discussion on the strategic decisions behind Greenlake's investments and their plans for scalable growth in the energy sector.
Rapid Tech Integration: The importance of swift technological integration in Greenlake’s operations, enhancing their flexibility and efficiency in the competitive energy market. Find us here

Bitcoin Mining, data and the future of Greenlake Energy

In this episode, we explore the transformative journey of Amplified Industries, a company at the forefront of oilfield automation and production optimization. From its inception, Amplified Industries has been dedicated to enhancing the efficiency of oilfield operations through advanced automation and control systems. Founders Sebastian and Charles share their unique backgrounds, from quantum physics and aerospace to mathematics, and discuss how their paths led them to revolutionize oilfield technology. We delve into the challenges of traditional SCADA systems, the development of proprietary hardware, and the power of high-resolution data analytics in optimizing oil production. The episode also highlights customer success stories across various states and the company's vision for the future. Key Points Discussed:The mission of Amplified Industries to build next-generation automation and control systems for the oilfield, aiming to improve production efficiency with high-resolution data pipelines.The evolution of the company, focusing on providing actionable insights for production engineers, automating well operations, and offering real-time alerts for operational issues.The diverse backgrounds of the founders in quantum physics, aerospace, and mathematics, and their journey into the oil and gas industry, driven by a passion for technological innovation.The limitations of traditional SCADA systems and the opportunities for leveraging modern technology to bring advanced data analytics and automation to oilfield operations.The integration of proprietary hardware and cloud infrastructure by Amplified Industries to offer a comprehensive view of field operations, enabling predictive maintenance and production optimization.Customer success stories demonstrating significant production increases and operational efficiencies, with installations across 10 states and plans for international expansion.The future vision of Amplified Industries, focusing on continued growth, expanding technological offerings, and exploring new applications for their data-driven approach in the energy sector.Join us as we delve into the journey of Amplified Industries, highlighting its role in driving innovation and efficiency in oilfield automation, and discussing the future of technology in the energy sector.

Amplified Industries on Oil and Gas Startups

Georges discusses the pivotal role of MIQ in tackling methane emissions within the oil and gas industry, emphasizing the significant environmental impact this could have by 2030. This episode dives into: The gathering of major figures and executives in the energy sector during Sarah week, including discussions centered around methane emissions. MIQ's (Methane Intelligence Quotient) crucial function in identifying and addressing methane leaks in the oil and gas industry, using existing technologies and methodologies. The role of certification and market forces in encouraging companies to reduce methane emissions, alongside the introduction of grading systems for emissions assessment. The potential environmental impact of addressing methane emissions effectively, likened to removing 1 billion cars off the road or vastly surpassing the emissions reductions from the aviation sector. The application of MIQ's certification system, which provides transparency and a standardized approach to measuring and reporting methane emissions, facilitating better industry practices and consumer choices. Insights into the technological and operational frameworks utilized by MIQ to ensure the reliability and scalability of methane monitoring. Discussions on the broader implications for the energy market, including the financial, regulatory, and competitive pressures that drive companies towards lower methane emissions. Future projections for MIQ and the methane management landscape, emphasizing the need for widespread adoption and integration into global energy systems by 2030. Find us here

MiQ on Oil and Gas Startups

In this episode, we catch up with Kyle from Iconic Air, returning to the podcast after a significant period of growth and development for both Iconic Air and the broader carbon accounting landscape. With the oil and gas industry facing increasing regulatory scrutiny and market demands for cleaner energy, Iconic Air positions itself as the essential tool for operators to manage their carbon data efficiently and comply with evolving standards. This episode dives into:Kyle's journey with Iconic Air, from its early days as a concept born out of a business plan competition at West Virginia University to securing $5 million in venture capital and growing into a key player in the carbon accounting space.The current state of carbon accounting, including the SEC's new regulations requiring carbon data disclosure and how this is equivalent to financial data in terms of company valuation.The various carbon accounting frameworks and regulations impacting operators, including the EPA's protocols and the implications of the IRA bill, which introduces waste emissions charges and tighter leak detection and repair timelines.The market-driven demand for carbon accounting, beyond regulatory compliance, as energy consumers and financial institutions increasingly tie the cost of capital to emissions, pushing for cleaner energy sources and certified natural gas.Iconic Air's approach to simplifying the carbon accounting process for operators of all sizes, offering a "Turbo Tax" solution that aggregates and processes carbon data according to multiple frameworks, making compliance and reporting straightforward and efficient.The challenges and opportunities facing Iconic Air and the oil and gas industry as they adapt to the new realities of energy production, sustainability, and environmental stewardship.
Join us as we explore how Iconic Air is helping to navigate the complex and rapidly evolving world of carbon accounting, driving efficiency, and supporting the industry's transition towards more sustainable practices.

BidOut on Oil and Gas Startups

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