Production


All posts for Production

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 hours 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 days 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 9 days agoPress > Hurricane EnergyTouchstoneAccounting +9

TouchstoneEnergy launches Drilling Reports & Daily Cost Tracking tool for Exploration & Production Companies

Exploration and Production Companies can now track and analyse their drilling and operational expenditure by monitoring daily costs using EnergyFlow EnergyFlow Drilling & Daily Cost Tracker Analysis & Reporting allows Cost Accountants to record and analyse operational expenditure and drilling act ...

Marcus Kelly - TouchstoneEnergy


Posted 22 days agoPress > TouchstoneexplorationProduction +7

Webinar: Automating your supplier onboarding process

EnergyFlow allows organisations in the Energy Sector to streamline their operational processes by automating, executing, and monitoring business processes from beginning to end, with a simple, easy to use web interface.  Integrated analytics also increases visibility by delivering extensive reporti ...

Marcus Kelly - TouchstoneEnergy


    GB 23 Mar 2017


Posted 23 days agoEvent > Touchstonefree webinarwebinar +7

Heritage Oil looks to TouchstoneEnergy to provide a strong stable accounting and procurement platform

Heritage Oil looks to TouchstoneEnergy, specialist business software and consultancy providers in the energy sector to deliver an updated system that could provide a strong stable accounting and procurement platform for growth. With such an international footprint, Heritage Oil faces key challenges ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > Heritage OilTouchstoneexpenditure +8

TouchstoneEnergy improves strategic sourcing and cost effective procurement processes for Egyptian E&P Company

TouchstoneEnergy improves strategic sourcing and cost effective procurement processes for Egyptian E&P Company by automating their Authority for Expenditure (AFE) Process. The Operator aims to improve compliance and reduce overspend by as much as 100%; which could result in an annual saving of up ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > TouchstoneexplorationProduction +8

Why the global energy sector is turning to TouchstoneEnergy to reduce overspend by as much as 100%.

TouchstoneEnergy are leading providers of world-class business systems dedicated to the global energy sector. They are improving compliance and reducing overspend by as much as 100%; which could result in an annual saving of up to US$1.5 million for their clients. TouchstoneEnergy's EnergyFlow Bus ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > Touchstoneoil priceexploration +6

TouchstoneEnergy transforms Joint Venture Accounting with their Cutback Automation Process

Oil and gas joint venture accounting requires accurate allocation of costs to partners and creation of Joint Venture Interest Billing statements and invoices for cost recovery. Constant changes in equity creates complexity for the JV accounting function. With TouchstoneEnergy's automated cutback sy ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > Touchstonejoint ventureoil price +7

Jersey-based oil and gas exploration and production company gains international financial control

With such an international footprint, Heritage Oil faced key challenges in managing its joint venture accounting. To provide effective tracking of its financial transactions and ensure consistent visibility of all expenditure including requisitions, purchase orders, goods and service receipting ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > Heritage OilTouchstoneoil price +6

North African Oil and Gas Operator aims to save $1.5 million by tracking AFE spend

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. TouchstoneEnergy's EnergyFlow provides seamless integration with Infor SunSystems which will assist further with budget control and compliance. Download ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > Touchstoneoil priceexploration +5

TouchstoneEnergy continues expansion into North America

TouchstoneEnergy was approached by an energy trading company based in Texas to supply, implement and provide ongoing support of a new accounting & financial management system. The new client has operational offices in the USA and United Arab Emirates. They are a physical oil supply and trading co ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > Touchstoneoil priceCommodities +7

Independent oil exploration company upgrades key business systems and processes with the help of TouchstoneEnergy

TouchstoneEnergy has been approached by a new client with operating assets in the North Sea, which has grown to a size where the business has needed to consider improving management controls, purchase approvals, daily cost tracking, JV cutback, reporting and other business processes. In 2014 this c ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoPress > oil priceexplorationProduction +4

How Seven Energy International automated their manual business processes to facilitate increased productivity

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 change. The following explains how an interesting jou ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoPress > Touchstoneoil priceexploration +3

Streamlining financial operations & keeping the Oil flowing..!

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 2 months agoPress > Hurricane EnergyTouchstoneoil price +2