expenditure


All posts for expenditure

African Energy Chamber Launches Flagship 2021 Energy Outlook

The African Energy Chamber (AEC) launched its Africa Energy Outlook 2021, exploring both short- and long-term industry projections on the back of COVID-19. The second edition of the 100-page Outlook serves as the Chamber's flagship report. During the virtual launch, members of the AEC's Adv ...

Aydanur Akkurt - Africa Oil & Power


Posted 25 days agoPress > African Energy ChamberAfricaAfrican Energy +33

Angola: Spearheading Fiscal Measures

Read more on Angola's market outlook in the Special Report 2020: Angola COVID-19 Response – outlining the country's path toward creating bankable opportunities, resuming drilling activities and taking proactive fiscal measures to boost liquidity in the interim. Download the report and other AES S ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 month agoLink > AngolaAngola Oil & GasAfrican Energy +10

Oil and Gas Companies Are Spending Too Much Time and Money on Their AFE Processes

So how do we go about streamlining the AFE workflow and approval process? Most companies' AFE processes are costing them time and money because they rely on manual processes that can move only as fast as the slowest employee. To illustrate the real costs of this manual process, let's take a loo ...

Marcus Kelly - TouchstoneEnergy


Posted 2 years agoOpinion > Business ProcessexpenditureDevelopment Capital Expenditure +3

Energy Conference Highlights Predicted £268bn North Sea Expenditures

A leading energy economist has predicted that total field expenditures in the North Sea could amount to £268 billion over the next three decades. The prospects for total field-related expenditure in the UKCS are outlined by Professor Alex Kemp in a study that he will present at a conference taking ...

OilVoice Press - OilVoice


Posted 2 years agoPress > UKSCNorth SeaUnited Kingdom +3

This is why TouchstoneEnergy are leaders in the finance systems space for Oil and Gas

Providing customers with real-time visibility of AFE expenditure and automated Joint Venture Cutback & billing with AFE Automation. Your AFE workflow should comply with your internal process; your process should not have to conform to a system workflow. No matter how complex or straightforward yo ...

Marcus Kelly - TouchstoneEnergy


Posted 3 years agoPress > Touchstoneexpenditureexploration +8

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 3 years agoPress > ConsultancyexplorationProduction +8

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 years agoPress > EgyptTouchstoneexploration +8

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 3 years agoPress > Heritage OilTouchstoneexpenditure +8

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 3 years 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 3 years agoPress > Heritage OilTouchstoneoil price +6

Approval For Expenditure Automation Webinar

Like you, we continue to operate in a challenging climate, albeit with an improved oil price. The prolonged period of instability has seen many of our customers; including Seven Energy ; turn to TouchstoneEnergy to support their mission to deliver companywide cost savings. Through investment in ...

Marcus Kelly - TouchstoneEnergy


    24 Jan 2017


Posted 3 years agoEvent > United KEventexpenditure