38 Best Petroleum Startups to Watch in 2025

The Definitive Seedtable Ranking of Petroleum Startups

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 38 start-ups with an aggregate funding of $4.9b. The average funding per company in this subset is $129.0m.

Last update to the database: Feb 18, 2025. See changelog.

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LogiLube, LLC logo

LogiLube, LLC

LogiLube, LLC is a Cheyenne, Wyoming-based company.

2

Funding Rounds

$2.0m

Money raised

Qlm Technology Ltd logo

Qlm Technology Ltd

Qlm Technology Ltd is a Bristol-based company developing quantum gas sensing technology for the oil and gas industry.

1

Funding Rounds

$4.4m

Money raised

Gecko Robotics logo

Gecko Robotics

Gecko Robotics is helping the world’s most important organizations ensure the availability, reliability, and sustainability of critical infrastructure.

5

Funding Rounds

$129.3m

Money raised

Indian Oil Corporation logo

Indian Oil Corporation

Indian Oil Corporation is a New Delhi-based petroleum company founded in 1959.

1

Funding Rounds

$313.3k

Money raised

Tachyus logo

Tachyus

Tachyus is a company founded in 2014 by Dakin Sloss, Paul Orland, Joel Moxley, Francisco Leport and Pallav Sarma.

6

Funding Rounds

$39.3m

Money raised

Finning logo

Finning

Finning is a Vancouver-based company founded in 1933.

1

Funding Rounds

$350.0m

Money raised

DNV GL logo

DNV GL

International certification body and classification society with main expertise in technical assessment, advisory, and risk management

1

Funding Rounds

$49.1k

Money raised

Fortress Information Security logo

Fortress Information Security

Fortress Information Security is an Orlando, Florida-based cyber security company.

5

Funding Rounds

$172.5m

Money raised

Calyx logo

Calyx

Calyx (formerly BioInspira) is a company building a versatile sensor platform that can detect airborne chemicals.

1

Funding Rounds

RunTitle logo

RunTitle

RunTitle is an Austin, Texas-based company founded in 2011 by Reid Calhoon.

1

Funding Rounds

$4.0m

Money raised

PETROTEQ ENERGY INC. logo

PETROTEQ ENERGY INC.

PETROTEQ ENERGY INC. is a Sherman Oaks, Los Angeles-based petroleum company founded in 2012.

38

Funding Rounds

$32.4m

Money raised

OKTA logo

OKTA

Oil company of the republic of macedonia

1

Funding Rounds

$25.0m

Money raised

GoExpedi logo

GoExpedi

GoExpedi is an Houston-based company founded by Timothy Neal.

4

Funding Rounds

$60.3m

Money raised

Venture Global LNG logo

Venture Global LNG

Venture Global LNG develops, constructs, and operates liquefied natural gas (LNG) export facilities.

1

Funding Rounds

$3.0b

Money raised

Sourcewater logo

Sourcewater

Sourcewater is an Houston-based company founded in 2014 by Josh Adler.

1

Funding Rounds

$7.2m

Money raised

Propel Biofuels logo

Propel Biofuels

Propel Biofuels is a sells biodiesel and E85 ethanol blends founded in 2004 by Rob Elam.

1

Funding Rounds

$11.0m

Money raised

Hifi Engineering logo

Hifi Engineering

Hifi Engineering is a developing company, founded in 2007 in Alberta, Canada.

1

Funding Rounds

$5.4m

Money raised

Pearl Petroleum logo

Pearl Petroleum

Pearl Petroleum Co. Ltd. is a consortium of leading Middle Eastern oil and gas companies Dana Gas and Crescent Petroleum, in partnership with European energy companies OMV, MOL, and RWE.

1

Funding Rounds

Commando Pressure Control logo

Commando Pressure Control

Commando Pressure Control is an Houston-based company founded in 2015 by Joe Boyd.

1

Funding Rounds

LxDATA logo

LxDATA

LxDATA is a Montreal-based company.

4

Funding Rounds

$24.2m

Money raised

SciAps logo

SciAps

SciAps is a Woburn, Massachusetts-based company founded in 2012.

2

Funding Rounds

$3.8m

Money raised

H2Sonics logo

H2Sonics

H2Sonics is a Glastonbury, Connecticut-based company founded in 2009 by Frank Ferrer.

3

Funding Rounds

$2.0m

Money raised

WellAware Holdings logo

WellAware Holdings

WellAware Holdings is a San Antonio-based company founded in 2012.

1

Funding Rounds

$13.7m

Money raised

Compañía Logística de Hidrocarburos logo

Compañía Logística de Hidrocarburos

Compañía Logística de Hidrocarburos is a Madrid-based company founded in 1927.

1

Funding Rounds

Peloton Computer Enterprises logo

Peloton Computer Enterprises

Peloton Computer Enterprises is a Canadian provider of well data software solutions to the oil and gas industry.

1

Funding Rounds

ShaMaran Petroleum logo

ShaMaran Petroleum

ShaMaran Petroleum is a Vancouver-based company.

1

Funding Rounds

$30.5m

Money raised

Green Energy Options logo

Green Energy Options

Platform that designs and produces in-home energy displays, online energy services, and mobile applications.

1

Funding Rounds

$445.6k

Money raised

Xona Systems logo

Xona Systems

Xona Systems is a company founded in 2017.

2

Funding Rounds

$8.6m

Money raised

Cummins Cogeneration logo

Cummins Cogeneration

Cummins Cogeneration is a Lagos-based company founded in 1919 by Clessie Cummins.

1

Funding Rounds

$262.5k

Money raised

Nadel and Gussman logo

Nadel and Gussman

For five generations, Nadel and Gussman has invested in the oil and gas business. Nadel and Gussman, headquartered in Tulsa, OK.

1

Funding Rounds

$100.0m

Money raised

Vista Precision Solutions, Inc. logo

Vista Precision Solutions, Inc.

Vista Precision Solutions, Inc. is a Richland, Washington-based petroleum company.

1

Funding Rounds

$24.4k

Money raised

NG Advantage LLC logo

NG Advantage LLC

NG Advantage LLC is a Colchester, Vermont-based company.

1

Funding Rounds

$26.7m

Money raised

Amromco Energy logo

Amromco Energy

Amromco Energy is a petroleum company.

1

Funding Rounds

Huvr logo

Huvr

Huvr is an Austin, Texas-based petroleum company.

1

Funding Rounds

$5.0m

Money raised

MagDrive Technologies, Inc. logo

MagDrive Technologies, Inc.

MagDrive Technologies, Inc. is a Bozeman, Montana-based petroleum company founded in 2022.

1

Funding Rounds

$5.0m

Money raised

Lotus Midstream logo

Lotus Midstream

Lotus Midstream is a Sugar Land, Texas-based petroleum company.

1

Funding Rounds

$400.0m

Money raised

Native Exploration Holdings logo

Native Exploration Holdings

Native Exploration Holdings is an Oklahoma City-based company.

1

Funding Rounds

$140.0m

Money raised

Carrier Energy Partners logo

Carrier Energy Partners

Carrier Energy Partners is a petroleum company founded in 2013.

1

Funding Rounds

$300.0m

Money raised