What is Digital Transformation? First and foremost, it’s about increasing productivity and efficiency through the implementation of streamlined, efficient and automated IT solutions that deliver lower costs. While the definition is clear, the challenge is not only to work out what is possible in your business, but to work out what change will deliver the maximum benefit in the shortest time. Digital Transformation means nothing without results.Continue reading “Digital Transformation with EnergySys”
Efficient and effective hydrocarbon allocation and production reporting can mean the difference between profit and loss, between growth and stagnation. However, there is a chronic lack of focus and consideration given to the tools that can help position your company to take advantage of a dynamic oil and gas market.
Many still opt for traditional hydrocarbon accounting (HCA) systems that are so often associated with expense, inefficiency, long delays and work-arounds. However, an increasing number of companies have learnt how much better HCA can be with the EnergySys Cloud Platform.Continue reading “Why EnergySys is Better”
The cost of legacy hydrocarbon accounting and production reporting systems is not simply about the prohibitive costs of procurement, deployment and upgrades. It’s also about the opportunity cost incurred by the inability to respond in an agile fashion to changes in the business.
A traditional software solution like Energy Components can be breath-takingly expensive and take an age to implement. Changing it is often hard, requiring highly specialised skills, and just doing an upgrade can be surprisingly costly. Indeed, having to pay someone both for the upgraded software, and for implementing it, is evidence of a broken process. When you buy Office 365, you don’t have to pay Microsoft to upgrade you ever time they make a new software release: it just happens.Continue reading “Solutions that work for you”
It seems clear that a focus on digital oilfield has delivered real value to the industry, but the impact was not as broad as it might have been. As William Gibson said: “The future is already here — it’s just not very evenly distributed”. One key problem highlighted in our review of digital oilfield was a lack of a broadly understood definition of what digital oilfield actually means. Without general guidance and widely applicable process and technology, the spread of best practice will be limited by an individual company’s ability to identify and apply developments that might bring benefits to their business.
Looking forward, the energy around digital transformation is very positive, but the key question is how we maximise the impact.Continue reading “Digital Transformation – a Major Opportunity for Oil and Gas”
Just like every other part of your business, Hydrocarbon Accounting (HCA) is more efficient and produces better results when it is tailored to your requirements. However, with traditional systems like Energy Components these customisations present users with problems right from the start. Implementation requires a team of developers and technology experts, and these same highly skilled individuals are required every time a change is needed, or the software requires an upgrade. When you have to ask Accenture to do the upgrade for you then you know you’re in trouble! This type of customisation means that you have lost the benefits of a product: there’s no clear separation between the core software and your solution.
This is not simply a problem with production reporting and hydrocarbon accounting. It is a pattern repeated across the oil and gas sector. Continue reading “You deserve better: the future of Hydrocarbon Accounting”
Efficiency is vital in the oil and gas industry, and operators are constantly on the hunt for a competitive edge as they seek to produce hydrocarbons as cost-effectively as possible. This drive for efficiency has seen the industry shift towards automation that reduces human error and cuts costs. This change is particularly evident in mature plays such as the North Sea and the US onshore, where cost constraints are such that more and more must be done with fewer and fewer staff. Continue reading “Digital Transformation in Hydrocarbon Accounting”
Since we created our cloud service in 2009, one of the first in oil and gas and still the leader, we have built and managed our own infrastructure in multiple data centres in the UK. After a year of work, in the next week we’ll be moving our platform to infrastructure provided by Amazon Web Services, and I wanted to explain why.
In my last post, I discussed the origins of our company, what motivated us, and the problems we were trying to address. I discussed our primary driver as the belief that it had to be possible “to do it better.” As the company evolved, nowhere was this need for improvement more evident than in oil and gas software, but the path wasn’t easy.
We run a cloud service for oil and gas. Our goal is to grow organically, and to grow profitability not staff numbers. We value a high degree of autonomy, and we operate entirely virtually. We’ve been extensively using cloud services to run our business for over ten years, and now virtually everything we do, from mail and calendar to accounting and document management, is done in the cloud.
However, we didn’t start out that way. Continue reading “A Different Way”
At our regular Hydrocarbon Allocation (HA) Forum in Aberdeen yesterday, we had a terrific “state of the union” presentation by Laurence Ormerod, Consultant and Project Manager for the PRODML standard. By the way, if you don’t attend our HA Forums then you might want to check out our website for details, and sign up for our mailshots. They are intended to be deliberately free from sales messages, and are generally held in Aberdeen at breakfast or lunchtime.