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Top 100 Oil and Gas Startups to Watch in 2026

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The oil and gas sector is seeing a mix of companies, from traditional energy suppliers to those focused on clean technology. This list reflects that diversity, featuring companies involved in everything from commodity trading to carbon capture.

For example, commodity trader Mercuria has raised $15.4B in funding, while carbon transformation company Twelve has secured $929.4M.

Below is our list of 100 Oil and Gas startups worth keeping an eye on.

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GHGSat operates a constellation of satellites to monitor greenhouse gas emissions from industrial sites with high precision. The company provides actionable data and analytics to help industries and governments measure and manage their environmental impact.

HeadquartersMontréal, Quebec, Canada
Year Founded2011
FoundersStephane Germain
Funding Amount$181.3M
Startup SizeMid-Size Team (51-250)
Last Funding StatusConvertible Note
Top InvestorsExport Development Canada, Business Development Bank of Canada, Fonds de solidarité FTQ, National Bank of Canada, BDC Venture Capital

Mainspring Energy builds a new class of power generation technology known as the Linear Generator. Their system provides clean, reliable, and fuel-flexible electricity for commercial and industrial customers.

HeadquartersMenlo Park, California, United States
Year Founded2010
FoundersAdam Simpson, Matt Svrcek, Shannon Miller
Funding Amount$813M
Startup SizeLarge Team (251-1,000)
Last Funding StatusSeries F
Top InvestorsGeneral Catalyst, Temasek Holdings, Alumni Ventures, Khosla Ventures, Lightrock

Kpler builds a data and analytics platform that brings real-time transparency to global commodity markets. Their intelligence solutions cover everything from energy and metals to agriculture, helping clients make more informed trading decisions.

HeadquartersBrussels, Brussels Hoofdstedelijk Gewest, Belgium
Year Founded2014
FoundersEmeric De Vigan, François Cazor, Jean Maynier
Funding Amount$185M
Startup SizeLarge Team (251-1,000)
Last Funding StatusPrivate Equity
Top InvestorsInsight Partners, Five Arrows Growth Capita

Twelve is a carbon transformation company that converts captured CO2 into valuable products like chemicals and fuels. Their technology creates a new, circular source for materials traditionally made from fossil fuels, helping industries reduce their emissions.

HeadquartersBerkeley, California, United States
Year Founded2015
FoundersEtosha Cave, Kendra Kuhl, Nicholas Flanders
Funding Amount$929.4M
Startup SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsNational Science Foundation, TPG, Techstars, Greycroft, Global Brain Corporation

Holtec International develops and supplies turnkey equipment and systems for the global energy industry. They are particularly focused on the nuclear power sector, providing solutions for spent fuel management and building a new generation of small modular reactors.

HeadquartersJupiter, Florida, United States
Year Founded1986
FoundersKris Singh
Funding Amount$1.5B
Startup SizeLarge Team (251-1,000)
Last Funding StatusDebt Financing
Top InvestorsAdvantage Capital, DOE Loan Programs Office

FREDsense builds portable field kits for rapid water quality analysis, giving industrial operators real-time data without a lab. The company’s biosensor technology makes it possible to quickly measure difficult contaminants directly on-site.

HeadquartersCalgary, Alberta, Canada
Year Founded2014
FoundersDavid Lloyd, Emily Hicks, Iain George, Lisa Oberding, Robert Mayall
Funding Amount$10M
Startup SizeLean Team (11-50)
Last Funding StatusSeries A
Top InvestorsElemental Impact, Emerald Technology Ventures, Creative Destruction Lab (CDL), FundersClub, Accelerate Fund

ENGIE North America develops and implements sustainable green energy solutions for customers across the continent. Their portfolio includes large-scale renewable energy generation, energy storage, and services designed to help organizations decarbonize their operations.

HeadquartersHouston, Texas, United States
Year Founded1981
Founders
Funding Amount$1B
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusDebt Financing
Top InvestorsBNP Paribas, Goldman Sachs, JP Morgan

Mercuria operates as a global commodity trading firm, moving physical energy products and raw materials to connect markets around the world. The company also actively supports the energy transition by investing in assets for a low-carbon economy.

HeadquartersGeneva, Geneve, Switzerland
Year Founded2004
FoundersDaniel Jaeggi, Marco Dunand
Funding Amount$15.4B
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusDebt Financing
Top InvestorsSACE

Consumers Energy provides natural gas and electricity to 6.7 million residents across Michigan's Lower Peninsula. The utility is also executing a long-term clean energy plan to eliminate coal and achieve net-zero carbon emissions.

HeadquartersJackson, Michigan, United States
Year Founded1886
FoundersWilliam A. Foote
Funding Amount$100M
Startup SizeEnterprise Organization (5,001+)
Last Funding StatusGrant
Top InvestorsUS Department of Energy

Litmus Automation develops an edge data platform designed for industrial environments. Their system collects and analyzes complex machine data to help companies improve manufacturing operations and implement predictive maintenance.

HeadquartersSan Jose, California, United States
Year Founded2013
FoundersIsha Sheth, John Younes, Sacha Sawaya, Vatsal Shah
Funding Amount$40.7M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsPlug and Play, Alchemist Accelerator, Momenta, Mitsubishi Corporation, DMZ

90 Additional Oil and Gas Startups Worth Following

Our top ten picks are just a small part of what's happening in the oil and gas industry. New companies are working on everything from AI to climate-focused technology, and together they have raised tens of billions of dollars.

Some of these businesses are brand new, while others are well known names adapting for the future. Here is a look at the other 90 companies that are shaping this field.

StartupMain IndustryYear FoundedAmount RaisedLast Funding Round
Voltus logo VoltusEnergy2016$66.1MSeries C
Hydrostor logo HydrostorEnergy2010$2.3BDebt Financing
Windfall Bio logo Windfall BioAgTech2022$37MSeries A
Nova Compression logo Nova CompressionEnergy2007$325MDebt Financing
Ascent Resources logo Ascent ResourcesEnergy2013$1.6BDebt Financing
Convergent Energy and Power logo Convergent Energy and PowerManufacturing2011$734.5MDebt Financing
Basrah Gas Company logo Basrah Gas CompanyEnergy2013$500MDebt Financing
American Robotics logo American RoboticsAgTech2016$92MConvertible Note
Xona Systems logo Xona SystemsSecurity2017$27.2MVenture Round
Stream BioEnergy logo Stream BioEnergyEnergy2009£60.1MGrant
Crusoe Energy Systems logo Crusoe Energy SystemsAI2018$2.5BDebt Financing
Eelpower logo EelpowerHardware2017£520MUndisclosed
Nexxa.ai logo Nexxa.aiAI2024$4.4MPre-Seed
Kayrros logo KayrrosAnalytics2016$78.6MSeries C
Trafigura logo TrafiguraManufacturing1993$17.6BDebt Financing
Gasum logo GasumEnergy1994$175MDebt Financing
ADNOC logo ADNOCManufacturing1971$5.5BDebt Financing
Shell Petroleum Development Company of Nigeria logo Shell Petroleum Development Company of NigeriaEnergy1936$860MSecondary Market
startkraft logo startkraftEnergy1895$1.5BDebt Financing
SOCAR logo SOCAREnergy1992$480MDebt Financing
Sahara Group logo Sahara GroupEnergy1996$225MDebt Financing
BGN logo BGNEnergy2017$232.5MDebt Financing
Nayara Energy logo Nayara EnergyEnergy1989₹46.9BSecondary Market
Carbon Clean Solutions logo Carbon Clean SolutionsEnvironment2009$212.4MSeries C
Kallpa Generación logo Kallpa GeneraciónEnergy1958$700MDebt Financing
Sparta logo SpartaEnergy2020€65.5MSeries B
Bapco Energies logo Bapco EnergiesEnergy2007$3BDebt Financing
OQGN logo OQGNEnvironment2022$1.2BDebt Financing
Wood Mackenzie logo Wood MackenzieEnterprise1973
Pemex logo PemexEnergy1938$10BDebt Financing
Engie Energia Chile logo Engie Energia ChileEnergy1981$400MDebt Financing
ONGC Videsh logo ONGC VideshEnvironment1989₹34BDebt Financing
Maritime Developments logo Maritime DevelopmentsManufacturing1999£2.9MGrant
Freeport LNG logo Freeport LNGEnergy2002$3.5BSecondary Market
Sterlite Power logo Sterlite PowerEnergy2010$404MPrivate Equity
A-Gas logo A-GasManufacturing1993£23MPrivate Equity
Kuwait Petroleum Corporation logo Kuwait Petroleum CorporationEnergy1980KWD300MDebt Financing
Worley logo WorleyEnergy2001$362.1MDebt Financing
C-Capture logo C-CaptureManufacturing2009£26.7MVenture Round
Komgo logo KomgoAgTech2018CHF26MVenture Round
Danske Commodities logo Danske CommoditiesEnergy2004€3.5BCorporate Round
ESENTIA Energy Systems logo ESENTIA Energy SystemsEnergy1995$300MUndisclosed
Comerc Energia logo Comerc EnergiaEnergy2001R$3.3BCorporate Round
Australia Pacific LNG logo Australia Pacific LNGEnergy1978A$2.1BSecondary Market
Wien Energie logo Wien EnergieCrypto2001€2BDebt Financing
Prime Oil & Gas Coöperatief U.A. logo Prime Oil & Gas Coöperatief U.A.Energy2013$519.5MCorporate Round
Proteus logo ProteusManufacturing2019£9.6MSeries A
Terpel logo TerpelEnergy1968$130MDebt Financing
Urja Mobility logo Urja MobilityLogistics2023₹1BSeed
Trans-Oil Group of Companies logo Trans-Oil Group of CompaniesAgTech1994€177.5MDebt Financing
Valvitalia logo ValvitaliaRetail2002$221MPrivate Equity
Ecopol logo EcopolAgTech2009$18.5MDebt Financing
DynaMac Holdings logo DynaMac HoldingsManufacturing1990SGD100MSecondary Market
Novair Medical logo Novair MedicalHealthcare1977$26MVenture Round
Hydromea logo HydromeaInfrastructure2014$3.8MGrant
TotalEnergies logo TotalEnergiesEnergy1924
Lwart Environmental Solutions logo Lwart Environmental SolutionsEnterprise1975R$150MDebt Financing
Crosstown H2R logo Crosstown H2RManufacturing2022$6MSeed
GNDB logo GNDBLogistics1842$1.5BPrivate Equity
Oliva AD logo Oliva ADFood1991€85MDebt Financing
SuperFlox logo SuperFloxManufacturing2024€7MSeed
Mazarine Energy logo Mazarine EnergyEnergy2013€500MPrivate Equity
Gunvor Group logo Gunvor GroupEnergy2000€5.9BDebt Financing
Aberdeen Harbour Board logo Aberdeen Harbour BoardLogistics1136£30MDebt Financing
RAB Microfluidics logo RAB MicrofluidicsMobility2016£3.4MSeed
ML One logo ML OneHardware2017$9.5MVenture Round
OPTITRADE logo OPTITRADEAgTech2024$15.1MDebt Financing
Silentmode Sdn. Bhd. logo Silentmode Sdn. Bhd.Retail2014$582kSeries A
Collectif Énergie logo Collectif ÉnergieEnterprise2015€1.6MVenture Round
Harbour Energy logo Harbour EnergyEnergy2014
Air Control Entech logo Air Control EntechInfrastructure2016£4.9MGrant
Xsens logo XsensEnergy2013NOK25MVenture Round
Bisonte logo BisonteManufacturing2015€2MSeed
Mint Energie logo Mint EnergieEnergy2017€2MSeed
Apollo Offshore Engineering logo Apollo Offshore EngineeringEnergy2010£295.3kGrant
Powerzeek logo PowerzeekEnergy2017$400kPre-Seed
Ocean Access logo Ocean AccessAgTech2019$120kPre-Seed
Geosteering Technologies Inc. logo Geosteering Technologies Inc.Energy2010$2.2MSeries B
Aramco logo AramcoEnterprise1948
Resman Energy Technology logo Resman Energy TechnologyEnergy2005
Kuwait National Petroleum Company logo Kuwait National Petroleum CompanyEnergy1960
Kuwait Gulf Oil Company logo Kuwait Gulf Oil CompanyEnergy2002
DAS Environmental Expert logo DAS Environmental ExpertEnvironment1991
Open Grid Europe logo Open Grid EuropeManufacturing2010
Cavitas Energy logo Cavitas EnergyEnergy2015
Three60 Energy logo Three60 EnergyEnergy2016
Fuchs Petrolub logo Fuchs PetrolubManufacturing1931
eserv logo eservEnergy2015Private Equity
EnerMech logo EnerMechEnergy2008
Hygear logo HygearManufacturing2002

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