Process & Technology: ETRM Implementation

A global investment bank with an active involvement in emerging markets had a goal to expand its commodities business with trading and logistics operations in physical oil, coal, iron ore, and metals.  As part of the company’s growth strategy, it engaged Opportune to expand its process and technology and to implement more automation to overcome its current process challenges. Opportune provided enhancements to the Energy Trading and Risk Management (ETRM) […]

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Downstream: Process & Technology: Predictive Analytics and SAP HANA Implementation

XYZ Gas Company (XYZ) is one of the largest integrated oil companies in the world.  Annually ranked in the top of Global and US Fortune 500 lists for more than 50 years, it is a recognized leader in the Oil and Gas industry. XYZ engaged Opportune to lead Supply Predictive Analytics (SPA) Project for their US Downstream Operations Group.  SPA was conceived by XYZ’s Supply and Trading IT architecture group […]

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Midstream: Process & Technology: Merger Integration Services

A large midstream natural gas gathering and processing Master Limited Partnership (Company) acquired three diverse companies for $8 billion in a matter of four months.  Company was faced with completing Day 1 and long term integration activities covering commercial, operations, accounting, IT, legal, EH&S and HR functions in a very short period of time. Opportune was engaged to develop and manage the integration activities. Acquisitions are complex because the employees, […]

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Midstream: Process & Technology: Crude First Purchaser Process & Systems Strategy and Implementation

Company is a publically traded Master Limited Partnership formed by the merger of two midstream companies.   Company owns and operates approximately 9,000 miles of gathering and transportation pipelines, 13 gas processing plants, seven fractionators, as well as barge and rail terminals, product storage facilities, brine disposal wells and an extensive crude trucking fleet.  Company’s crude first purchaser and water hauling business was growing rapidly, and the existing business processes and […]

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Oilfield Services: Tax: Indirect Tax Compliance

A global oilfield products and services company (the Company) based in Houston, Texas designs, manufactures and distributes products used in the exploration, development, production and transportation of oil and natural gas. The Company engaged Opportune’s tax team after recent growth due to multiple acquisitions. Opportune’s tax team was engaged to provide support for the state and local tax department, including assistance with tax compliance, sales tax software implementation, and sales […]

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Midstream: Process & Technology and Complex Financial Reporting: Process Documentation

One of the largest natural gas, oil, and NGL midstream MLPs in the United States (Midstream MLP) has grown rapidly through acquisitions and organic growth.  The resulting structure includes multiple publicly trading entities, over 500 legal entities, and dozens of joint-ventures.  Consolidations and financial reporting for the complex organization is a significant monthly, quarterly and annual process that relies on the unique knowledge of individuals versus standard institutional processes and […]

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Midstream: Process & Technology: Adapting to Change & Improving Longstanding Operating Models

A preeminent natural gas and NGL gatherer, processor and marketer (the Company) in the United States had grown significantly as the onshore shale drilling industry flourished.  The Company’s business processes, systems and organization were challenged by the unprecedented growth in volume, complexity and risk.  Operating silos emerged, communication broke down, and operational support costs (IT, accounting, scheduling and risk) grew significantly.  The Company enlisted Opportune to define their next generation […]

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Power & Gas: Complex Financial Reporting: Power Contracts

A large foreign multinational corporation (the Company) invests in power plants and renewable energy ventures in addition to its businesses in the manufacturing, trading, and financial services.  The Company had recently invested in a U.S.-based wind powered electricity generation facility (the windfarm).  To finance this project, the Company had executed a series of contracts to forward sell 100% of the power generated from the windfarm, along with all its environmental […]

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