Automation


All posts for Automation

The 4 Technologies Making 'Digital Oilfields' A Reality

The long-held and oft-hyped vision of the ‘Digital Oilfield' truly has an opportunity to deliver results for oil and gas operations now.  It's not just a promise of the future. Key disruptive technologies are making the data infrastructure cheaper and faster to bring the latest automation and AI-d ...

Shiva Rajagopalan - Seven Lakes Technologies


Posted 9 days agoOpinion > AutomationAI in Oil and Gasfuture of oil and gas

Ten Automated Workflows Oil & Gas Companies Need in the Back Office

Automated workflows don't just save time, they also ensure that your processes are followed correctly from start to finish. Upstream oil and gas operators are involved in hundreds of workflows. Automating these workflows can streamline business activity -- which is critical as the industry con ...

P2 News - P2 Energy Solutions


Posted 5 months agoPress > workflowHydrocarbon AccountingAutomation

The Top Six Benefits of Automating Workflow in Upstream Back Offices

Due to the current price of oil, upstream operators are looking for new ways to accomplish more with less – and automated workflows are an effective means to do it. Automation helps oil and gas back office teams minimize errors and save time on important tasks in six important ways: 1: Documenta ...

P2 News - P2 Energy Solutions


Posted 7 months agoPress > Oilgasupstream +4

Automating the Joint Venture Accounting Process to Provide Comprehensive Cost Allocation for Full and Transparent Cost Recovery

Simplicity for complex Joint Venture environments TouchstoneEnergy's Joint Venture accounting module automates joint venture cost allocations, streamlining approval and billing workflows. It makes cost recovery a quick and easy process giving both internal stakeholders and JV partners confidence ...

Marcus Kelly - TouchstoneEnergy


Posted 9 months agoPress > TouchstoneUnited StatesHouston +7

TouchstoneEnergy Develops Game Changing AFE Automation Software to Transform Spend Control for Oil and Gas Companies

The Automated AFE solution tracks approvals, reports spend against budget, saves management time, and introduces full cost control transparency. AFE Automation streamlines the complete AFE process, from initial request for approval, through to budget creation, and on to project close-out activities ...

Marcus Kelly - TouchstoneEnergy


Posted 10 months agoPress > TouchstoneUnited KingdomLondon +9

Industrial Valve Market: Oil & Gas End Use Industry Segment to Hold Maximum Revenue Share Throughout the Forecast Period

Although, the report expects the global industrial valve market to grow at a sluggish place. According to the report, titled “Industrial Valve Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017-2027),” the global market for industrial valves will record global sales of a l ...

Pradnya Kulkarni


Posted 10 months agoPress > AutomationMarketIndustrial Valve Market

TouchstoneEnergy helps oil and gas companies with Joint Venture Accounting & Spend Management Reporting

Improving Oil and Gas Joint Venture Accounting with Automation 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 ...

Marcus Kelly - TouchstoneEnergy


Posted 1 year agoPress > Touchstonejoint ventureAccounting +9

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 1 year agoPress > ConsultancyexplorationProduction +8