UK innovation marketplace Axora has launched the online Oil & Gas Resource Centre to provide companies access to digital technology and help them rebound from the coronavirus pandemic.

The centre provides industry insights and access to digital technologies that oil and gas companies can adopt to accelerate their business growth, reduce wasted investment and avoid duplication.

“Fifteen per cent of global energy greenhouse gas emissions come from the process of getting oil and gas out of the ground,” said Stuart Gregg, innovation director at Axora. “This and other urgent challenges such as price volatility amid the Covid-19 pandemic are encouraging leading industrials to look to technology to change the way oil and gas is discovered, drilled and produced.”

The centre provides smart technologies that fast-track safer, more efficient and more sustainable production. These include IoT, smart devices and smart connected devices. The creation of the centre follows the launch of its Smart Mining Resource Centre in May this year.

“From robotic drills to renewable energy grids, drone exploration to data collection and analytics, today’s flourishing tech ecosystem is driving a cleaner, safer and more sustainable operating model for upstream energy,” said Nick Mayhew, chief commercial officer of Axora. “Companies which act now to improve their technology and accelerate their digital transformation roadmaps are the ones which will recover quickest from Covid-19 and thrive in the future.”

Together with its expert industry insights, Axora hosts more than 100 innovations from sector leaders to start-ups, universities and consultancies. The company was developed by a team of industry experts, engineers and entrepreneurs including the Boston Consulting Group. Axora is focusing on the oil, gas, mining and metals sectors and will expand into other sectors as the business grows.

Axora is a cross-industry innovation hub for digital technology. It helps organisations discover innovations to unlock transformation and deliver business value. Enabled by a web platform, it showcases the latest expert insight and industry perspectives on technology, combined with products that solve industrial problems.