Tag: energy

New Data Visualization Platform Gives Traders, Analysts Better Picture of Refinery Turnaround Market

Nov. 29, 2017, 02:30 AM SUGAR LAND, Texas, Nov. 29, 2017 /PRNewswire/ — Crude and oil product traders can now make more-profitable decisions on oil price momentum by using a new data visualization tool powered by global energy-information leaders IIR Energy (Sugar Land, Texas) and BlackLight Systems Ltd. (London, United Kingdom), the companies jointly announced today. BlackLight’s Refinery Outage Module will provide market-leading decision support and analysis for IIR Energy’s flagship PetroCast Live service. Market participants must subscribe to both BlackLight and IIR Energy’s services to access the new platform, which has been one year in development. “We are tremendously... continue reading

AOT Energy Deploys AspectCTRM In First Phase Of Planned Global Roll-Out

November 29, 2017 Aspect Enterprise Solutions, the leading provider of energy trade and risk management cloud software, announced today, that AOT Energy has successfully deployed AspectCTRM within its Belgium operations. It’s the first installation of a planned global roll-out to cover AOT Energy’s crude oil, gasoline and products business units. AspectCTRM is expected to become the central source of record for trade and risk management reporting across multiple trading offices located in Asia, Europe and North America. The solution streamlines its business worldwide in real time with a single point of entry for data, saving the company time and money.... continue reading

Pressured for profit, oil majors bet big on shale technology

HOUSTON (Reuters) by Ernest Scheyder  – Shale oil engineer Oscar Portillo spends his days drilling as many as five wells at once – without ever setting foot on a rig. Part of a team working to cut the cost of drilling a new shale well by a third, Portillo works from a Royal Dutch Shell Plc (RDSa.L) office in suburban Houston, his eyes darting among 13 monitors flashing data on speed, temperature and other metrics as he helps control rigs more than 500 miles (805 km) away in the Permian Basin, the largest U.S. oilfield. For the last decade, smaller oil... continue reading

Numidia: Lean implementation, fast GoLive…

“It has been an intensive couple of months, but it was worth it”, says Han van Hagen (Managing Director of Numidia BV). Numidia is looking back on a full DycoTrade implementation. The Golive was a couple of weeks ago and turned out to be a successful milestone. “Implementing a full ERP solution within 6 months requires a lot of energy and force, but our strategy to keep it as straight forward as possible, on a 6 month plan, paid off. We now can use DycoTrade, run our business processes and start to work on afurther optimization within the provided solution”. Arie Willem van der Plas (DycoTrade) is happy as well. “The... continue reading

The Periodic Analyst Vent Blog Article

Every now and then, I have to blow off a bit of steam. I am after all only human. As you might have read, I am trying to find out more of the lay of the land here in central & eastern Europe around ETRM solutions. There are actually 5 or 6 local vendors that say they offer such solutions and have installed bases in the region. Now, maybe I am naive, but you would think that if ComTech call a vendor or send an email, someone would be interested in responding? After all, we only recommend to solutions to... continue reading

Blockchain Technology Represents a New Frontier of Innovation in the Commodity Trading Industry

Arnaud Stevens, MD & Head of Global Energy and Commodities-Trade & Structured Finance, Americas, Natixis The distributed ledger technology represents a new frontier of innovation and should dramatically improve the way we do business in the energy and commodity industry. Digitization is radically reshaping the industry. Blockchain can support a wide range of applications, and it’s already being used for peer to peer payment services, supply chain tracking and more. We want to use blockchain to optimize the antiquated arena of commodity trade finance. The current process is based on the exchange of paper documents and is labor intensive; we... continue reading

Reuters Exclusive: UAE’s ADNOC to venture into privatization, oil trading – CEO

ABU DHABI (Reuters) by Rania El Gamal – Abu Dhabi National Oil Company (ADNOC) [ADNOC.UL] has embarked on a major shake-up plan to privatize its services businesses, venture into oil trading and expand partnerships with strategic investors, its chief executive said on Monday. The partial privatization plan marks a major shift by the state energy company that was founded in 1971. It aims to make ADNOC more competitive and commercially focused, operating in way that is more akin to other state-owned controlled peers. The state firm plans to sell at least 10 percent of its fuel retail unit, ADNOC Distribution,... continue reading

U.S. to account for most world oil output growth over 10 years: IEA

BONN, Germany (Reuters) – The United States is expected to account for more than 80 percent of global oil production growth in the next 10 years and it will produce 30 percent more gas than Russia by that time, he International Energy Agency (IEA) said on Thursday. “This has implications on the oil markets, prices, trade flows, investment trends and the geopolitics of energy,” IEA head Fatih Birol said at a U.N. climate conference in Bonn. He said the United States, whose upstream energy industry has seen a resurgence with the development of fracking technology, would become the “undisputed leader... continue reading

Oil markets cautious on Middle East tensions, increased U.S. drilling

SINGAPORE (Reuters) – Oil trading was cautious on Monday amid ongoing tensions in the Middle East and after a rising rig count in the United States suggested producers there are preparing to increase output. Brent crude futures LCOc1 were at $63.57 per barrel at 0744 GMT, up 5 cents from their last close. U.S. West Texas Intermediate (WTI) crude CLc1 was at $56.78 per barrel, up 4 cents. Traders said crude prices were generally well supported as ongoing output cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia have contributed to a significant reduction in excess... continue reading

Sinking feeling: Asian floating oil storage declines as crude market tightens

SINGAPORE (Reuters) by Henning Gloystein and Roslan Khasawneh – The amount of oil stored on tankers around Singapore has dropped sharply in the last months, the latest indication that OPEC-led supply cuts are successfully tightening crude markets even as U.S. exports have soared. Shipping data in Thomson Reuters Eikon shows around 15 super-tankers are currently filled with oil in waters off Singapore and western Malaysia, storing around 30 million barrels of crude. That is half the number of ships in June and down from 40 tankers holding surplus fuel in mid-2017. The drop in floating storage around Asia’s main oil-trading... continue reading

Lacima Targets the Trader’s Desktop with New Risk Tools

I recently spoke to Dr. Chris Strickland, CEO of Lacima. Lacima has today announced a new product line in Lacima Trader and he was keen to update us with regard to that launch. Lacima’s main product has been Lacima Analytics, which provides comprehensive functionality for risk management, valuation and optimisation in a single, modular application for global energy markets. Lacima Analytics has had good uptake across the industry and it bolsters the RM in ETRM, an area of weakness in many ETRM applications. However, Chris was keen to target the trader and pre-trade side of things with a similar suite... continue reading

Sophisticated Analytics For Traders

9 November 2017.  Lacima is proud to announce the launch of the Lacima Trader suite of products designed to meet the needs of the Front Office. Lacima Trader comprises of stand-alone trading, structuring and valuation tools with the ability to drill down into detailed outputs and value drivers. Achieve consistency between Front and Middle office by using Lacima Trader with Lacima Analytics.  Benefit from the same numerical engine to drive trading decisions, value deals and manage risk.  Lacima Trader offers quick set-up with same-day implementation and is easy to learn with a familiar Excel interface.   The products currently available are: Simulation, Curve, Pricer and Storage, with several new products in the pipeline which we’re... continue reading

Sky-high stock market has investors looking to commodities

NEW YORK (Reuters) – A growing number of investors are plowing money into commodities, seeking to diversify their holdings on gnawing concerns about a stock market correction as equities scale new highs almost daily. Low interest rates, solid economic growth across the globe and rising corporate earnings have hoisted the S&P 500 .SPX 16 percent this year. It reached an all-time high on Tuesday. By contrast the bellwether S&P Goldman Sachs Commodity Index (GSCI) .SPGSCI gained 7 percent in that same period. The last five years presents an even starker divergence. The S&P has gained 82 percent in that time, while the... continue reading

Oracle Utilities Defines Cloud Path for Utilities

WASHINGTON, Nov. 6, 2017 /PRNewswire/ — Cloud for Utilities Summit — Today Oracle Utilities announced it is bringing the benefits of cloud to D.C. as part of the inaugural Cloud for Utilities Summit. The conference offers Oracle Utilities, a leading provider of cloud applications to utilities, the opportunity to put its cloud imperative into practice: that vendors and utilities must collaborate to deliver on the promise of the cloud – a new, two-way, customer-centric utility of the future. With over 100 SaaS clients worldwide, Oracle Utilities delivers one of the largest platforms of Software as a Service (SaaS) applications for utilities and is rapidly expanding... continue reading

‘Peak Oil’ is a Political Statement

The words ‘peak oil’ are a close second to ‘climate change’ when it comes to getting me worked up. For more than a decade, I have been writing articles about peak oil and how it simply isn’t going to happen anytime soon. Despite, being quoted sarcastically in books by left wing environmentalists and vilified in certain quarters, I’m having the last laugh. Even back in 2005, when I worked with Peter Fusaro on the Energy Hedge Fund Center, I was trying to explain why peak oil is nonsense and he and I wrote extensively about it in our book, Energy... continue reading

Peak oil? Majors aren’t buying into the threat from renewables

HOUSTON/LONDON (Reuters) – Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun. That transformation – marketed as “Beyond Petroleum” – led to manufacturing solar panels in Australia, Spain and the United States and erecting wind farms in the United States and the Netherlands. Today, BP (BP.L) might be more aptly branded “Back to Petroleum” after exiting or scaling back its renewable energy investments. Lower-cost Chinese components upended its solar panel business, which... continue reading