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Improve Operational Decision Making and Maximize Profit with capSpire’s New Natural Gas Network Optimization Platform

POSTED BY Ben Ridgway ON January 16, 2025 IN Blog, Digital Transformation, E/CTRM, Optimization

The shoulder seasons bring significant uncertainty to natural-gas markets. During this time, unexpected weather events in particular can wreak havoc on spot natural-gas prices. Imagine the scenario in which bid week took place just over two weeks ago, during which baseload purchases and sales for October were negotiated, as well as firm transport on pipeline …

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5 Questions CTRM Analytics Answer: Part 4

POSTED BY Scott Creed ON January 16, 2025 IN Analytics, Blog, Digital Transformation, E/CTRM

Previously, we’ve discussed question 1, question 2, and question 3 that commodity trading and risk management (CTRM) analytics answer. Question 4: Who are my best customers? To better focus marketing initiatives and incentive offerings, reduce risks, and increase revenue, you need to identify who your most reliable and profitable customers are. These customers are the …

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Online Trade Execution is a Growing Trend in the Refined-Products Industry

POSTED BY capSpire ON January 16, 2025 IN Blog, Digital Transformation, E/CTRM, Gravitate

According to Microsoft’s 2018 Global State of Multichannel Customer Service Report, 88% percent of customers worldwide expect businesses to provide online customer self-service portals. This is especially true in the U.K. (92%) and U.S. (88%) where customer support has become an increasingly high priority. The Energy space is paying attention to this trend, and industry …

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inventory management

Cloud-Based Enterprise Information Repository and Analytics Solution Redefined How a RightAngle User Derives Insights

POSTED BY Divvayya Kakarla ON January 16, 2025 IN Analytics, Blog, Digital Transformation, E/CTRM, RightAngle

A large refined-products retailer in the midstream space experienced a problem that could sound familiar to many other industry players: its existing risk-reporting procedures were largely manual and spreadsheet-driven. Generally, spreadsheets make handling and configuring large volumes of data difficult. But spreadsheets also lack the tools necessary to efficiently analyze daily position and P&L data, …

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How Zero Trust Creates More Trust in ETRM System Security by Tracy Teague

POSTED BY capSpire ON August 13, 2021 IN Blog, Digital Transformation, E/CTRM, White Paper

Overview Remote work appears to be a permanent feature of the modern, post-COVID workplace, with many employees working 100% remote and others working on a hybrid schedule. Given the wide adoption of remote working and the inherent flaws of virtual private networks (VPNs), employees need a safer, more secure means of accessing their employer’s systems …

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Data and Culture Change by Richard Payne

POSTED BY capSpire ON February 10, 2021 IN Blog, Digital Transformation

Technology has historically impacted society in discrete waves.  Digital has assumed such significance because this is the first time that a number of technology waves (cloud, IoT, AI, etc) have broken simultaneously and at a price point that makes enormous functionality and processing power available relatively cheaply.  In commodity assets, many producers have been at …

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capSpire Officially Launches a Digital Practice

POSTED BY capSpire ON March 18, 2020 IN Blog, Digital Transformation, News

Leveraging our years of experience in the energy and commodities industries, advanced technical capabilities, and our expertise in digital technologies, capSpire’s new digital practice will better assist clients as they digitize critical functions and processes within their organizations. Our services in this area span all aspects of technology delivery and design, including digital transformation, business …

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How to Simplify Demand Forecasting Using Time Series Analysis

POSTED BY Bernard Wehbe ON January 10, 2020 IN Analytics, Blog, Digital Transformation

If you’re a retailer in the commodities industry, demand forecasting is critical for understanding how much product to purchase wholesale to keep inventory at optimal levels and avoid losing money. But successfully managing data from multiple sources and leveraging it so that you have the most accurate demand forecast can be challenging. You’re probably wondering: How …

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Uber for Crude Trucks

A Solution for Inefficient Transport in the Oilfield: Uber for Crude Trucks

POSTED BY Thomas Hunt ON August 19, 2019 IN Blog, Digital Transformation, E/CTRM, Featured Resource, Optimization

It’s one of the most common challenges in the oilfield: inefficient transportation of trucks that carry crude oil, sand, and produced water to and from the wellsite. Not only are these transportation costs high, but on average these trucks travel empty 50% of the time. It all adds up to a price that can significantly …

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Midstream Company Automates Nominations

 

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