Production


All posts for Production

The Panhandle Import Reduction Initiative (PIRI) Calls for New White House Policy: Unfair Trade Endangers U.S. Oil Industry Too

May 18, 2017 06:00 AM Mountain Daylight Time AMARILLO, Texas--(BUSINESS WIRE)--In a letter directed to the President of the United States and received by the White House, the founders of (PIRI), the Panhandle Import Reduction Initiative representing thousands of independent small producers of oil in ...

Will Fine


Posted 4 days agoPress > Unfair TradeTradeOil prices +24

US oil production could reach all time high during 2017

Rystad Energy, the energy data warehouse, now predicts US oil production grows so fast that an all-time high of 10 million barrels per day could be reached before December 31st this year. In a monthly report on latest oil market trends, our analysts show US oil production growing at 95 kbbld per mon ...

Julia Weiss


Posted 24 days agoOpinion > Rystad EnergyUnited StatesProduction +1

TouchstoneEnergy, the leading Oil and Gas IT consultancy explains how they saved a North African Oil and Gas Operator $1.5 million by automating their Approval For Expenditure process

North African Oil and Gas Operator aims to save $1.5 million by tracking AFE spend The Problem – AFE budget overspends This North African operator has been experiencing a problem that is common to many E&P companies – being the ability to accurately track AFE budgets and associated expenditure. ...

Marcus Kelly - TouchstoneEnergy


Posted 26 days agoPress > ConsultancyexplorationProduction +8

TouchstoneEnergy is the only IT and Business Consultancy dedicated to the Oil Industry

TouchstoneEnergy has carried out more than 200 successful projects in 40 countries across 5 continents. TouchstoneEnergy are leading providers of world-class business systems dedicated to the upstream oil and gas. We have software applications for every role in the enterprise, from Accounting a ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > upstreamUpstream oil and gasUpstream Production Solutions +8

Seven Energy International opts for a Cloud based solution from TouchstoneEnergy to improve business process management

Manual Business Processes Were Slowing Business Expansion for Seven Energy International The challenge: Automation of manual business processes to facilitate increased productivity and delivery of real-time and relevant information to users. The solution also needed to give better visibility to a ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > TouchstoneBusiness ProcessNigeria +8

Linking finance and operations with a single view for Upstream Oil and Gas Companies

TouchstoneEnergy has carried out more than 200 successful upstream oil and gas projects in 40 countries across 5 continents TouchstoneEnergy's dedicated consultancy professionals have more than 400 man year's experience in the upstream oil and gas sector. They are able to bring industry knowledge ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > Touchstoneoil priceexploration +8

TouchstoneEnergy on location in West Africa analysing and documenting requirements for a Spend Control System

This is how Oil and Gas Companies are extracting savings from their Purchase Authorisation and Accounts Payable processes Following on from our recent feature: Spotlight on Reducing Spend in the Energy Industry , TouchstoneEnergy staff were exchanging anecdotes about other favourite experiences ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > TouchstoneNigeriaoil price +9

US shale regains strength amid OPEC cuts

Against the backdrop of OPEC's 1H 2017 production cuts, which the organization announced in November 2016, US liquids production has started to rebound. Rystad Energy estimates that total US oil and condensate production has increased from 8.9 to 9.3 million bbl/d between November 2016 and May 2017. ...

Julia Weiss


Posted 1 month agoOpinion > Rystad EnergyShaleProduction +1

Heritage Oil improves compliance and supplier relationships with a Spend Management solution from TouchstoneEnergy

Heritage Oil prioritised key payments, improved supplier relationships and accelerated responses to urgent opportunities without compromising on compliance. Strict compliance in the Oil and Gas Industry means that Heritage Oil must have good control of where its money is spent and with whom. Audi ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoPress > Heritage OilTouchstoneUpstream oil and gas +8

Nigeria Report: Native firms bear the risk of unusable pipeline

Nigeria's crucial Forcados pipeline remains offline following attacks in early January, forcing indigenous Nigerian firms to transport crude using an increasingly expensive and dangerous means: over water. Forcados, which is majority owned by Royal Dutch Shell, remains offline following militant at ...

Bayo Okoya - Delta Analytics Lagos


Posted 2 months agoOpinion > LicenceShellForcados +7

What football tells us about Nigeria’s supply concerns

So the latest news from the bigwigs at OPEC is that Nigeria's crude oil production has fallen from 2 million barrels per day to around 1.27 million. This sounds like bad news, anyone can see. And one would be foolish to suggest that a 37.5% decrease in crude production is a welcome shift for our oil ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 2 months agoOpinion > FootballOilOPEC +5

How are Upstream Oil & Gas companies succeeding in this volatile and highly competitive environment?

The ‘lower for longer' oil price has forced upstream Oil & Gas companies to look hard at their costs. Every industry faces pressure to transform and we all know that transformation begins by aligning an organisation for greater effectiveness. We also know that this can largely be achieved by pla ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoOpinion > TouchstoneSOCO Internationaloil price +6

Seven Energy International streamlines their process controls with the help of TouchstoneEnergy

Manual Business Processes Slowing Business Expansion Less than half of all international Oil & Gas companies are using automated business processes. Why..? Because most Finance and IT leaders are unable to deliver automation due to a lack of investment in enterprise systems and a reluctance to ...

Marcus Kelly - TouchstoneEnergy


Posted 3 months agoPress > TouchstoneexplorationProduction +7

How improving their AFE (approval for expenditure request) process is saving an Egyptian Upstream Operator up to US$1.5 million annually

Egyptian Upstream Operator goes live with EnergyFlow AFE Automation and General Office processes fully integrated with INFOR SunSystems The Operator aims to improve compliance and reduce overspend by as much as 100%; which could result in an annual saving of up to US$1.5 million . TouchstoneEne ...

Marcus Kelly - TouchstoneEnergy


Posted 3 months agoPress > EgyptTouchstoneexploration +8

How TouchstoneEnergy is changing the face of Oil and Gas Accounting

A volatile oil price, capital intensive projects and constant change in regulation means that oil and gas companies are constantly fighting margin pressures. Inefficient financial processes are also common to many companies, and this has become a significant area where organisations can both cut ...

Marcus Kelly - TouchstoneEnergy


Posted 3 months agoPress > Hurricane EnergyTouchstoneAccounting +9