Costs


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Qatar’s LNG Merger to Cut Operation Costs and Save 550$ Million a Year

Qatar Petroleum is the largest producer of LNG (Liquefied Natural Gas) and is currently merging Qatargas and RasGas to save the company $550 million (two billion riyals) in operation costs, Qatar Petroleum's Chief Executive said. The new merged entity will be called Qatargas and start opera ...

OilVoice Press - OilVoice


Posted 3 months agoPress > QATARLNGLiquified Natural Gas +4

Producers employ tech innovations to keep lid on costs

ALBUQUERQUE, N.M. — Devon Energy Corp. manages all its oil operations in southeast New Mexico directly from a command-control center on the 44th floor of its Oklahoma City headquarters. Technology like WellCon, combined with a broad array of other high-tech innovations directly in the oil fields, ...

Will Fine


Posted 1 year agoLink > Dr. Daniel FineNew MexicoTechnology +25

AGR moves P1 software to cloud to enable the O&G industry’s digital transformation journey

AGR's time and cost modelling software, P1™, will now be provided as a cloud-based, Software as a Service (SaaS) solution. Moving P1™ to a cloud-based platform will not only allow users of the tool to access the very latest version of the software on demand, but also supports unlimited user regis ...

Maria Djomina - AGR


Posted 1 year agoPress > AGR SoftwareDowntime ReductionCosts +6

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 year agoPress > TouchstoneNigeriaoil price +9

6 Simple Steps to transform Spend Management for Oil and Gas Companies

Are you transforming your business processes? Now's the time to take a fresh look at Spend Control. If you don't, you could fall short of the very goals you're trying to achieve Just suppose you wanted to reduce costs and yet you missed an opportunity to save hundreds of thousands of pounds? Wh ...

Marcus Kelly - TouchstoneEnergy


Posted 1 year agoPress > TouchstoneCostCosts +8

Oil Majors' Costs Have Risen 66% Since 2011

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crud ...

Oilprice Staff


Posted 1 year agoOpinion > oil priceCosts