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Oil and Gas

It is time to reimagine everything

Over the last several weeks, I have been talking to many customers, partners, and fellow SAP employees about “Digital Transformation” and what that means for the Oil & Gas industry.  Particularly, what does it mean in a market of severely reduced commodity prices, and the growing above ground risks and …

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Driving Value from IT & OT Convergence in Oil and Gas

Just before the summer break, OSIsoft and SAP hosted a Webinar on Friday, July 24 titled „Enabling Data Driven Intelligence in the Hyper-Connected World of the Energy and Natural Resources Industries“. We wanted to highlight how uniting your IT and OT organizations can help your company realize the full potential …

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How do we treat DD & A in Upstream Industry

The term DD & A stands for Depreciation, Depletion & Amortization. Let me throw some light on DD & A in this blog. We all know by regular definitions the terms are as follows: Depreciation is actually a reduction in the value of an asset with the passage of time, …

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Development Costs associated with Upstream Companies..

Development Cost associated with Oil & Gas Upstream could be related to Proved or Unproved properties i.e. developing a property i.e. Oil and/Gas Well or Platform etc. These costs as well be categorized as: Developed and/or Undeveloped Leasehold. Now the question pops up what is Developed Leasehold Many a times …

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Moving Beyond Complexities

A hundred years ago, before the automobile became popular, the best way to find oil was to merely look for oil seeps, salt domes, paraffin dirt, or sulfurous gases. Those were simpler times to be sure, but time marches on. In the last century, the oil and gas industry has …

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Seismic Costs in Upstream Industry

Various costs are incurred in the Oil & Gas Upstream industry in order to create or built an asset which appears to be a proven or sometimes unproven reserve leads to even a dry hole. The most notable expenses that are incurred in the Upstream Industry are as follows: Pre …

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Journey to ‘Total Workforce Management’

Contingent workers constitute a significant portion of a company’s workforce. Studies indicate that companies are increasingly employing temporary labor, consultants, independent contractors or Statement-Of-Work based projects/services for flexibility and scalability to deal with volatile and uncertain situations. Current drop in oil price is also driving Oil & Gas operators to …

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Importance of AFE in Oil & Gas Industry

If you have a chance to navigate vocabulary for Oil & Gas then you will definitely notice the term AFE. There is no doubt people working in Oil & Gas Industry are very much aware about the term AFE however for others it could be new. The term AFE stands …

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Top Five Oil and Gas Takeaways from SAPPHIRE NOW 2015

Of the over 18,000 attendees at SAPPHIRE NOW last week in Orlando, 475 were from the Oil and Gas industry and had many industry sessions available to them including presentations by Continental Resources on their success with Production Revenue and Accounting (PRA) on Suite on HANA, Delek US Holdings, Valero …

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Formula & Average Pricing in the Oil & Gas Industry

In case you have noticed my other blogs then you must have already got an idea about the Upstream & Downstream Industry Process Overview & SAP Solutions in the Oil & Gas Industry. If you did not get a chance, for Upstream refer: http://scn.sap.com/community/oil-and-gas/blog/2015/04/27/upstream-industry-process-overview-sap-solutions For Downstream refer: http://scn.sap.com/community/oil-and-gas/blog/2015/04/28/downstream-industry-process-overview-sap-solutions We have …

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Thrive in the New Oil and Gas Market Reality

Due to a dramatic drop in commodity prices, oil and gas companies have seen their revenues cut significantly. Therefore they are keenly focused on cash flow and cutting costs. They are deferring investment decisions and looking for ways to reduce recurring costs. They also know that the market will eventually …

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Downstream Industry Process Overview & SAP Solutions

By this time you must have already understood that The Oil and Gas industry is usually divided into three major sectors: Upstream Midstream & Downstream In this blog I would concentrate on Downstream industry. In case you want to know about Upstream, you can check my previous blog: http://scn.sap.com/community/oil-and-gas/blog/2015/04/27/upstream-industry-process-overview-sap-solutions Let’s …

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Upstream Industry Process Overview & SAP Solutions

Oil and natural gas touch our lives in countless ways every day.The Oil and Gas industry is usually divided into three major sectors: Upstream Midstream & Downstream Sometimes Distribution & Marketing are associated together and effectively this is called as Downstream.Companies operating in the industry may be regarded as fully …

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Managing Contractor Workforce for Oil and Gas Industry

The Scope and Size of Contractual Workforce in the IndustryFinding and managing the right mix of talent can be challenging for organizations in any industry. Yet few face greater risks associated with workforce management than the oil and gas sector. New and evolving laws, Health, Safety and Environmental (HSE) regulations, …

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Run Simple with SAP Oil and Gas

The oil and gas industry is going through tremendous change, struggling to remain operationally effective while maintaining margins within an environment of fluctuating commodity prices. Oil and gas companies want to simplify their business processes to drive efficiency and effectiveness, protect margins, and overcome current market challenges. Today, companies struggle …

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