Tag - procurement

DataHub360™-energy-management-portal-release-software-vervantis

DataHub360™ Energy Portal Updates Wow Users!

DataHub360™ – Latest Release Announced Vervantis latest software release of cloud-based energy portal, DataHub360™ takes the simplification and streamlining of energy data and utility management to a new level. Over recent decades organizations have been outsourcing various areas of utility management from procurement to bill payment. The downsizing of internal facilities and energy management teams puts a greater emphasis on the tools needed to track, report and manage activities. The problem for many organizations is that most energy advisers have failed [...]

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Commercial Energy Prices

Commercial Energy Prices – It’s time to stop the Creep! Commercial energy prices have been rising, with more snow on its way over the next few days, several states continue to deal with “severe” winter weather and the impact on prices from supply and demand. Natural gas spot prices have remained steady, even though this winter has seen more natural gas withdrawn from storage than at any other time in history. Interestingly, after last Friday’s storage report showed weekly withdrawals [...]

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Oil Falls From Three Month High

Oil Falls Impact Rig Count As some us awake bleary-eyed with an hour less sleep after the spring forward clock change, we find the markets have not been sleeping at all as oil falls. Oil has fallen from a three month high (by just over 3%) on the news that Iran will not be freezing its production, at least until it has reached its target output of 4m barrels per day. That means even less US oil and gas rigs will operate [...]

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LNG Exports

LNG Exports – Massive Increase Planned What has US Natural Gas, Liquid Natural Gas (LNG Exports) and London have in common? Ninety years ago today, the first successful radio-telephone conversations took place between New York and London thanks to the American Telephone and Telegraph Company (AT&T), Radio Corporation of America and Britain’s General Post Office (GPO).  Since then the pace of change in telephony and technology has been incredible, enabling global trade and communication to be carried out instantly from pretty [...]

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Oil Storage Fills

Oil Storage Fills Globally More than twice the normal number of oil tankers languish off the coast of Europe’s largest oil terminal in Rotterdam, as the port struggles to unload into bloated oil storage facilities.  It is reported that twice the normal number of vessels are outside the port, leaving around 50 patiently waiting. This side of the pond it’s a similar story, the main US oil storage facility in Cushing, Oklahoma is also at record highs, with an estimated 30 [...]

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