Business

wenergy-software #OilmanNEWS Business Oil and Gas News Press Release Software 

Vernon E. Faulconer, Inc. to Power Next Stage of Growth with W Energy Software’s ERP Solution

Leading provider of cloud-based oil & gas software solutions selected to modernize Vernon E. Faulconer, Inc.’s core business software and position the producer for sustained growth using best-in-class ERP technology. TULSA, OKLA. – W Energy Software, the emerging leader in upstream and midstream oil & gas ERP solutions, announces that Vernon E. Faulconer, Inc. (“Faulconer”) has signed software licenses for its upstream… Read More
Saudi Aramco Strikes Oil Entering Ranking as World’s Second Most Valuable Oil & Gas Brand #OilmanNEWS Business Oil and Gas News Upstream 

Saudi Aramco Strikes Oil Entering Ranking as World’s Second Most Valuable Oil & Gas Brand

Shell has retained its title of the world’s most valuable oil and gas brand for the fifth consecutive year, recording a 12% increase in brand value to US$47.5 billion, according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy. Despite sustained lower oil and gas prices, the Anglo-Dutch titan continues to achieve a significant price… Read More
Sheer volume of data being created by oil and gas companies driving adoption of big data #OilmanNEWS Business Oil and Gas News Technology Upstream 

Sheer Volume of Data Being Created by Oil and Gas Companies Driving Adoption of Big Data

Oil and gas assets are increasingly fitted with a multitude of Internet of Things (IoT) sensors, causing exponential growth in data. This, in turn, is increasing the need for adoption of data management solutions for improved operational visibility. This approach also helps identify bottlenecks in operations and uncover patterns and relationships across diverse entities, says GlobalData, a leading data and analytics… Read More
Energy wins in U.S.-China trade agreement #OilmanNEWS Alex Mills Business Contributors Oil and Gas News 

Energy Wins in U.S.-China Trade Agreement

President Trump signed an agreement with China this week that will increase trade between the two countries in many sectors of the economy, especially for agriculture, manufacturing and energy. During the signing ceremony at the White House on Wednesday, Trump said the deal will mean some $200 billion dollars to the U.S. economy. U.S. energy exports will increase $18.5 in… Read More
Regional tensions weigh on Saudi Aramco valuation #OilmanNEWS Business Upstream 

Regional Tensions Weigh on Saudi Aramco Valuation

Richard Thompson, Editorial Director at GlobalData, a leading data and analytics company, provides his view: “There are two primary factors behind the volatility in the Aramco share price. The most obvious is the heightening of regional geopolitical tensions since Soleimani’s killing by the U.S. The second relates to a prolonged period of subdued oil demand in the global energy markets,… Read More
Photo courtesy of Active Conversion 2020 January-February Business Fullstream Home Bottom Widget Promo Technology 

The New Face of Industrial Marketing

Industrial businesses in the energy sector have long doubted the merits of advertising and marketing. Back in the day, industrial businesses didn’t really need to do a lot of marketing to find customers. If someone needed a specific component or product, they often had designated companies they would take their business to or they’d check a directory like the Thomas… Read More
Know Your X’s + O’s in the Oil and Gas Business’s New Math, Experience Matters as Much as the Molecule 2020 January-February Business Upstream 

Know Your X’s + O’s in the Oil and Gas Business’s New Math, Experience Matters as Much as the Molecule

“Customer first. Our people always.” TechnipFMC’s stated philosophy isn’t just a passing nod to the Experience Economy, it’s an indication of the company’s wholehearted embrace of a business strategy suited to the post-commoditized oil and gas industry, where profitability is connected to a company’s ability to deliver an elevated experience to customers and employees. A subsea, onshore/offshore and surface project-management… Read More
Energy Transition Expected to Play a Major Role in the Oil and Gas Industry 2020 January-February Business Environmental Fullstream 

Energy Transition Expected to Play a Major Role in the Oil and Gas Industry

Oil and gas storage primarily refers to the state employed for the safe storage of both refined and unrefined products including gas oil, gasoline, diesel, kerosene, aviation fuel, naphtha, liquefied natural gas, and liquefied petroleum gas. Recent innovations and technological advancement has longer storage back-up and expected to fuel the market in the future years. Emerging technology such as floating… Read More
Bringing Goodwill & Asset Impairment Testing into Focus #OilmanNEWS Business Oil and Gas News Upstream 

Bringing Goodwill & Asset Impairment Testing into Focus

Public and private energy companies should address year-end 2019 goodwill and long-lived asset impairment testing procedures so quarterly and financial audits and reviews can go smoothly and allow for greater transparency. Market equity prices and indices continued to decrease for many energy companies during 2019. For instance, between April 30, 2019 and December 31, 2019, the S&P Oil & Gas… Read More
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