Reasons for oil and gas to Embrace Blockchain

Supply chains in the oil and gas industry can be quite complex, often extending hundreds or even thousands of miles as multiple intermediaries shepherd products and services between suppliers and customers. Managing the various transactions among vendors and customers along a supply chain, which often crosses a patchwork of geographic and political boundaries, can be …

4 Oil and Gas Logistics Requirements

To define oil and gas logistics, we must first understand the meaning of logistics itself. In the simplest possible terms, logistics may be defined as the detailed planning, organization, management, and implementation of complex operations. With the oil and gas, logistics extending to not only the flow of both physical inventory and information. But encompassing …

How to you managing your Indirect Procurement?

Over the last five or so years, there has been a dawning realization within companies that spending on indirect goods and services is a big area of opportunity for creating efficiency and cost savings. This is not news to those of us within the profession. However, the need to do better is prominent towards achieving …

How are you managing your risk?

Risk has always been part of the supply chain. It’s a reality inside and outside the four walls of any organization. They have naturally addressed with anticipated and unanticipated events occurring both upstream and downstream in the supply chain. Upstream of an organization are the suppliers who create goods and services used in a company’s …

Collaboration becoming new reality as oil and gas industry index returns highest score of 7.1

The UK’s offshore oil and gas industry is putting the recommendations of the landmark Wood Review into practice, according to the findings of an annual sector survey published by Deloitte and Oil & Gas UK today. The Wood Review identified collaboration as a fundamental behavior towards securing the successful future of the UK Continental Shelf …