Production


All posts for Production

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 7 hours 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 days 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 6 days 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 10 days 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 17 days 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months agoPress > Heritage OilTouchstoneoil price +6