Oil and gas firms have shifted their focus from monitoring and maintenance to real - time , data - driven solutions , resulting in a 40 % increase in digital oilfield M&A activity between 2016 and 2017 . Among the start - ups involved is hp , a provider of cloud services , applications and cybersecurity solutions . In February , it acquired Brazilian firm Intelie , which provides real - time predictive analytics . Meanwhile , RigUp , whose app matches firms such as Halliburton and Baker Hughes with operators , secured $ 15.8 m in funding from backers including global Energy partners and the Founders Fund .
Oil and gas firms have shifted their focus from monitoring and maintenance to real-time, data-driven action, resulting in a 40% increase in digital oilfield M&A activity between 2016 and 2017. Among the start-ups involved is RigNet, a supplier of communications services, applications and cybersecurity solutions. In February, it acquired Brazilian firm Intelie, which offers real-time predictive analytics. Meanwhile, RigUp, whose app matches firms such as Halliburton and Baker Hughes with operators, secured $15.8m in funding from backers including Quantum Energy Partners and the Founders Fund.