Nothing is as straightforward as it seems, not even commodity contract management for oil and gas! Unlike regular purchases we make every day, midstream trades are filled with tedious tasks that can be daunting and are open to many errors and delays. Here I explain the steps taken to execute a trade and show how you can leverage a commodity contract management tool to quickly secure a deal and avoid costly errors and delays.

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From concept to abandonment, there are many ways in which we can save time and money in the well lifecycle. Improving communication alone is an opportunity area that can prevent cycle downtime. Key players – Exploitation Engineers, Land Managers, Drilling Supervisors, Facilities Managers, Geologists, Production Engineers, just to name a few – all have their individual goals, and communication with each other and their within their respective teams is key to staying on task. Additionally, completing each step in a timely manner is another way that will help you save costs throughout the well lifecycle. A good project management tool can enhance communication and collaboration while providing functionality to keep everyone on task and meeting deadlines. Let’s explore four ways a good project management tool can help reduce costs in the oil well lifecycle.

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Unified communications and collaboration systems are changing the way businesses communicate internally and with other businesses. Collaborators are now able to see each engaged meeting attendee, annotate over live documents, and save and send collaboration files to anyone from one large, interactive interface. Even though the unified communication and collaboration industry is mature and robust solutions currently exist, many businesses are excited to see Microsoft’s entry into the space with the Surface Hub. You are probably reading this blog because your company is ready to invest in a unified communication and collaboration platform. Read on to learn more about the Microsoft Surface Hub to help you determine if it is the right fit for your business.

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