Posts Tagged ‘Oil and Gas’

Energy Companies & Oracle : The Journey from On-Premise to the Cloud

Many Energy companies that are running Oracle ERP, SCM, and EPM solutions are working on their roadmap and deciding whether to cross the chasm and move to the Cloud or upgrade their on-premise applications. Change Management is an important part of such a decision and is a critical part of the roadmap to be considered […]

Can an ERP be Implemented at an Oil & Gas Company in 6 Months?

Yes, it can with Oracle ERP Cloud and Perficient! In the past, an ERP implementation was a project that made people complain, conjure images of extreme difficulty, and generally tax everyone’s stamina, patience, and faith. Furthermore, an ERP implementation at an Oil & Gas company was an experience that in some cases never had a […]

Great Speakers Know Their Audience

The Road to Modernization: From EBS to Oracle ERP Cloud [Webinar]

Save the date for this terrific customer story next week featuring Midcoast Energy, LLC. The company had antiquated and complex business processes that could not scale to meet its needs. Facing an expensive ERP implementation, the company decided a cloud-based platform would provide a strategic advantage. Midcoast Energy, LLC implemented Oracle Cloud for Financials, Project […]

Oil & Gas Industry

Procurement Maturity Development in Oil and Gas Midstream

Procurement Maturity Development in Oil and Gas Midstream   In a variety in industry verticals, procurement maturity can be assessed and classified into three stages of maturity; Reactive, Proactive, and Strategic.  Besides interviewing and quantifying a maturity assessment, the best ways to determine the maturity level of a procurement organization is to examine the organization’s […]

What You Need to Know About the Energy Industry in 2018

The energy industry comes with its own unique set of factors; deregulation, volatile markets, consumer demand, and investor expectations have increased competition and created new opportunities. Keeping our client’s strategic, financial, and regulatory needs in mind, we are dedicated to furthering the industry, especially as it relates to technology, business optimization, and digital transformation (as […]

Oil & Gas Transformation Initiatives Enable Efficiency

While innovation thrives and regulatory obstacles persist, energy companies must remain diligent in setting and meeting their business and enterprise priorities so they stay competitive. For example, although “the average number of new oil and gas developments given the go-ahead globally has fallen from 35 a year between 2010 and 2014 to just 12 since […]

Oil & Gas Transformation Initiatives Enable Efficiency

While innovation thrives and regulatory obstacles persist, energy companies must remain diligent in setting and meeting their business and enterprise priorities so they stay competitive. For example, although “the average number of new oil and gas developments given the go-ahead globally has fallen from 35 a year between 2010 and 2014 to just 12 since […]

Energy Industry Needs Fewer Counterproductive Regulations

While the industry is seeing much innovation, and while energy companies are doing positive work in communities and around the world, there is no question that the industry still faces several serious challenges. The industry needs fewer counterproductive industry regulations and, instead, better policies that leverage free trade and support innovation. Free trade can lead […]

Energy Companies Embrace Philanthropy

Philanthropy remains incredibly important to energy companies, which made financial donations in the wake of horrific events, such as the hurricanes in Texas and Florida and fires in California, in 2017. As of August 2017, ExxonMobil had made a “financial commitment for Harvey relief to up to $9.5 million.” Money is also being sent to […]

Oil & Gas Companies with Ethical Operations Outperform Peers

A recent Financial Times article highlighted a report which found that oil and gas companies with more ethical operations are more profitable and valued than their competitors. According to the report, “For oil and gas companies, the valuation premium was almost a fifth for those that combat corruption, have better health and safety processes or […]

Collaboration Helps Advance Energy Industry

Energy companies continue to collaborate with other organizations to further research. For example, Shell recently opened a mobility research center at Tsinghua University in China. According to a company press release, “This new centre will focus on developing solutions for the automotive sector, including the development of high-efficiency lubricants and additives; cleaner use of conventional […]

Innovation Steams Ahead in the Energy Industry

Over the years, the industry has found better ways to drill for oil. That’s very important because the world consumes approximately 97 million barrels of oil per day. Of that amount, the U.S. uses 19 million. However, since the U.S. produces 12 million barrels, it net imports. The market is roughly balanced in terms of […]

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