Q&A: Maximizing The Performance Of Your ETRM System In 2022
Rethink your approach to ETRM technology and partner with an experienced energy business advisor that can help unlock enterprise value and manage risk.
In today’s fast-paced, high-risk field of energy commodity trading and risk management (ETRM), traders, risk managers, schedulers, back-office professionals, IT project and support leaders cannot afford to fall behind the competition by relying on outdated approaches like spreadsheets or legacy ETRM technology platforms that don’t meet the needs of ever-changing business requirements.
So, how can organizations stay ahead of the curve? By shifting to the ETRM of the future.Let’s Talk
Applying digital transformation capabilities facilitate transformative business operations, enhance efficiencies, differentiate you from the competition, allow you to better manage risk and uncover new monetization opportunities
Information’s value is realized when it informs action. Efficient collaboration, clear and streamlined decision processes, and tools to measure progress and drive improvement enable a high-performance business.
Connected sensor technology allows companies to measure asset performance to drive operational excellence.
Emulate human activities with software like RPA to automate high-volume, repetitive tasks across applications.
Effectively manage and organize vast amounts of data to derive value and frameworks to drive action and performance.
Effectively and efficiently translate the wealth of available data into actionable insight to inform and drive intelligent decisions.
Reduce infrastructure costs, improve reliability and security through scalable and flexible cloud technology.
User expectations have changed. Technology must enable a remote workforce.
Discover and exploit hidden value from data using machine learning and AI-enabled analytics and capabilities.
Integrate AI and blockchain solutions to ensure security, transparency and AI to drive profitable decisions.
Harden and upgrade your ETRM system architecture like operating systems, databases and runtime software to reduce the risk of a cyber incident.
Determine out what you have
Build a roadmap to achieve:
A shift towards the ETRM of the future reduces the complexity of your overall framework and provides a pathway to rapid innovation and adaptation to changing business requirements.
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) […] [...]Read More
The client moves gas and crude through its pipelines, plants, and storage facilities, as well as marine terminals. The client is uniquely suited to connect upstream producers and downstream processors, refiners, and end-users. Opportune LLP was engaged to design and implement the RightAngle energy trading and risk management (ETRM) system for the client’s NGL and crude oil businesses. As the functional and technical leaders across the project organization, Opportune was engaged to […] [...]Read More
A midstream company (“the Client”) was a partnership that transports, stores, and distributes refined petroleum products and crude oil. The client owns pipeline assets with access to almost half the U.S. refining capacity and storage assets capable of storing over 100 million barrels of crude and finished petroleum products […] [...]Read More
Our client (“the Company”) acquired an idled refinery in June 2012. Shortly after the acquisition, the client began the turnaround with more than 1,200 contractors on-site to bring the refinery online. As part of this turnaround, the Company engaged Opportune for an ETRM implementation. Opportune worked with the Company’s personnel to implement a commercial system with the ability to run an “order-to-cash” process. The system selected was the RightAngle (RA) solution […] [...]Read More
A private oil company faced substantial volume and complexity growth due to the assets located in and around the Bakken field in North Dakota. The company has assets across the full supply chain including E&P, pipelines, gathering, storage, and marketing […] [...]Read More
Opportune LLP was engaged by a Fortune 50 independent refining and marketing downstream company (“the Company”) to advise on a build vs. buy analysis, software selection, and subsequent implementation project for an enhanced energy trading and risk management (ETRM) technology capability. The Company is an international manufacturer and marketer of gasoline, distillates, jet fuel, asphalt, petrochemicals, lubricants, other refined products, as well as biofuels […] [...]Read More
The Company engaged Opportune to manage the IT infrastructure and systems cutover plan. This included assessing the scope of systems being transitioned, coordinating the various teams and monitoring the progress and issues during the cutover weekend. Opportune was also engaged as the project manager for the integration of this newly acquired business line into the existing RightAngle commercial business system.Read More
Undisclosed Oil & Gas Co. is one of the largest integrated oil companies in the world. Annually ranked near the top of global and U.S. Fortune 500 lists for more than 50 years, it is a recognized leader in the oil and gas industry. Undisclosed Oil & Gas Co. has re-evaluated their practices in commodity trading and risk and determined there are significant opportunities to increase the profitability of their global downstream unit by changing their approach to commercial decision-making.Read More
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