European Refining – Part II, M&A Market

There is no price low enough – or is there? How the M&A market for European refining was wiped out in a flash     Introduction While the European refining sector had been declining for years, the high margin environment and economic robustness of the 2004-2008 “golden age” gave the sector a new lease on life. A wave of M&A deals allowed international oil companies (“IOC”) and independent refiners to offload […]

Read More

Opportune Tech Talk-The SAP CM Forum

A few weeks ago, Opportune attended the SAP Commodities Management (CM) Forum in Heidelberg. In our continued aspiration to be at the forefront of Commodity Management and Energy Trading, we have been attending this forum for a few years now and in that time the number of attendees has grown steadily (up to 80 this year), as has the diversity of organisations and industries represented. The SAP proposition is that […]

Read More

Secret to Survival in Downstream Market?

When it comes to the energy industry, and in this market, particularly refinery operations and management other downstream activities, there is often a big disconnect between services clients seek and services consultants provide. The situation is ripe with irony, however, in that the disparity occurs not due to a lack of need from the client or a lack of ability by the energy consultant, but due to trouble in relaying […]

Read More

Opportune Tech Talk – the latest SAP HANA release and Oil & Gas

Last week SAP announced the availability of their S/4 HANA 1610 release. Why is this significant to the oil and gas sector? Well, S/4 HANA 1610 is the first full S/4 HANA release to include the oil and gas-specific functionality of the IS-OIL industry solution. Opportune joined SAP, SAP oil and gas operators and partner firms to get a deeper insight into what to expect from this release, what is still to […]

Read More

Time To Give Hedge Accounting Another Try?

Companies hedging nonfinancial items (such as energy commodities) face many challenges when trying to achieve hedge accounting.  This process has become so painful that many companies have abandoned hedge accounting all together.  However, there is hope as the FASB has proposed significant changes to the hedge accounting rules. Under current US GAAP, companies are generally required to designate the total price risk of forecasted purchases or sales of nonfinancial items […]

Read More

Survive & Thrive in the Digital Energy Revolution

Opportune is a proud sponsor of the SAP Best Practices for Oil and Gas Event (BPOG) in the Woodlands, TX September 12-15. With the current market conditions, BPOG provides an opportunity for the oil and gas community to learn about new solutions to challenging issues.  The conference will showcase speakers from all across the industry including Industry Thought Leaders, SAP, IT leaders, analysts and service providers in a collaborative and […]

Read More

Change Management – Looking Back to Plan Ahead

Now more than ever, companies are seeking to ensure their investment in projects and strategic initiatives provide the maximum returns in the shortest amount of time. They are also realizing this is no small task, especially when it involves managing cross-functional team input, organizational changes and overhauling processes and systems. It takes an experienced crew to navigate through the perfect storm of change. Fortunately, most organizations have weathered many such […]

Read More

Unlocking the Potential for Switchgrass as a Biofuel

Renewable fuels have a discernible road ahead, albeit bumpy at times, in shaping the future energy industry. With the growing emphasis on climate change awareness and cleaner fuels, strengthening regulation and growing demand consistently stimulate research into new fuel sources and methods of production. One of those fuel sources often rumored to possess untapped potential has been switchgrass. Renewable fuel is more accurately explained when breaking it down into categories […]

Read More

Brush Up On Your Spanish

The United States and Mexico have a long-standing relationship in the oil and gas industry. Mexico is currently the 3rd largest crude oil supplier to the United States, but Mexico also relies very heavily on US refineries in the Gulf Coast. In the early 1900’s, the United States played a significant role in helping Mexico become a top 3 world producer, but the Mexican revolution and a new constitution established […]

Read More

Easy is Not Always Better – A Case Against “Coloring” Natural Gas

Coloring natural gas is a method used by energy companies to allocate natural gas costs across generation assets in power plants or city gates in different utility markets. Individual natural gas pool purchases are assigned to a specific trade book representing a generation plant, utility market or storage location. Fixed and variable costs are also distributed in a similar manner to arrive at a delivered cost of natural gas. Coloring […]

Read More