Smart Oil & Gas

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Infosys (NYSE: INFY) a global Professional Services company recently acquired Noah Consulting, LLC, for their data and information management expertise in the oil and gas industry. This acquisition is intended to provide Infosys with deep oil and gas domain expertise to help solve the problems oil and gas companies face with managing the significant growth, diversity and complexity of various data types in the oil field that is required to generate meaningful analytics and better decision-making.


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Tackling Asset Management in Oil and Gas

By Jill Feblowitz

Even before the price of crude oil dropped south of $50 per barrel, oil and gas companies were focusing on improving their performance. With uncertainty about where the price will go, there has been a pull back in new capital investment and in exploration. Oil and gas companies are depending on maintaining production from the most profitable existing wells. Instrumentation coupled with software can be used to help producers predict potential critical equipment failure and remedy potential issues before they occur, thus mitigating the risk of unplanned outages. Enter a new offering by GE Measurement & Control and Meridium.


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In the midst of recent price volatility, consolidation of vendors and new energy supply chain, energy companies would be wise to examine the adequacy of their current Energy Trading and Risk Management (ETRM) applications. ETRM vendors have been rolling out messaging to the market, along with new products and enhancements. Added to that voice is Allegro Development. With the new investment by Vector Capital and some changes in leadership, attendees at Allegro's 2014 Customer Summit were anxious to see the latest product release and solution road maps as customers embarked on 3 days of networking and knowledge sharing in Austin, TX. There was a lot to see.


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MIT Student Energy Conference has become a Cambridge tradition. Each year for the last 8 years, students, professors from many disciplines, entrepreneurs, financiers, and vendors to the energy industry have come together to take a peek at the future in energy. Every year is exciting, and the recent energy conference was no exception.


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23rd Accenture's IUEC Speaks Chinese!

By Roberta Bigliani

Since its inception 22 years ago, the International Utilities and Energy Conference (IUEC) has become Accenture's most important conference dedicated to examining topics of global interest to senior leadership executives in the electric, natural gas, petroleum, and water industries. This year’s conference theme was global perspectives on the world’s energy agenda. The event was held in China, in Beijing.


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CFTC Dodd Frank Reporting is Here

By Jill Feblowitz

The dust has finally settled, at least in the United States, on new regulations for transparency in the commodities markets. Dodd-Frank regulations are in place and companies trading in energy commodities are affected, whether or not these companies are major swap participants (MSP) or swap dealers (SD). Trade repositories (SDRs in US) will not have ultimate responsibility for quality of the data – companies participating in the trades will.


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I was given the opportunity to attend the 18th Middle East Oil and Gas Show and Conference (MEOS 2013) two weeks ago in Bahrain. Dedicated to the theme of 'Transforming the Energy Future', the event provided an opportunity for participants from the international majors, prominent national companies, and leading service providers to identify common challenges and share thoughts on new business models and upcoming technologies.


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Macondo Revisited and the Role of IT

By Jill Feblowitz

The recent settlement with Transocean to pay $1.4 billion in fines associated with the DeepWater Horizon brings to mind again the risks associated with exploration and production - loss of life, environmental impact, and the consequent economic impact. Another recent event – a drilling barge set adrift in heavy storms in the Gulf of Alaska – ended on a better note, with Shell recovering a drilling barge after it was successfully evacuated. While the focus has been on prevention, given the nature of the industry and the uptick in extreme weather events, the industry will not be hazard free. A lot of attention has been paid to prevention, but how can information help in reducing losses and environmental impact once an incident has occurred.


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Our 2013 top 10 predictions for the worldwide oil and gas industry were presented in a webcast on December 5 and the accompanying report is now available to clients on our web site. This is a brief recap of the webcast.



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