Oil and Gas Startups Podcast BidOut on Oil and Gas Startups
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.
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00:00 - Introduction to Bid A
03:46 - Understanding Bid A
05:20 - Bid A vs RigUp: Key Differences
11:28 - The Early Days of EnergyNet
15:37 - AI and Energy Consumption
16:50 - EnergyX DCaaS Overview
20:05 - The Origin of Bid Ops
21:55 - Key Features of Bid Ops
24:35 - Supplier Invitation Process for Bids
27:54 - Bid Ops in Bitcoin Mining
29:49 - Business Model Explained
33:10 - Yelp-like Features in Bid Ops
34:41 - Future Plans for Procureify
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