As oil & gas technology professionals, we often find ourselves in discussions on whether oil and gas companies should build software in-house or buy third-party solutions. Outlined below are many of the pros and cons that entities should consider. In-House Solution Benefits Building in-house software......
In commodity markets, the thing you expect to happen is often the exact opposite of what occurs. This lesson has been taught to industry veterans time and time again, and the impacts of IMO 2020 are another great example. In future weeks we plan to......
The value of WTI at Cushing, Oklahoma is the benchmark for crude prices in North America. It is also the primary input into CME Group’s NYMEX Light Sweet Crude Oil contract, often referred to as WTI. Although it’s often called the WTI contract, WTI is......
The amount of oil in storage is one of the most commonly referenced data points that drives oil prices. Crude storage statistics are widely available and regularly disseminated. Even in parts of the world where data isn’t readily disclosed, satellite images can approximate how much......
From CFO to Field Operator, this Oil Quality Variables document is an incredibly valuable resource. It can be used to communicate and understand the true importance of measuring these properties, and what can go wrong if you don’t. For 18 of the most impactful crude......
A guide to equipment selection, design, and common issues. There are hundreds of things that can go wrong when retrieving a petroleum sample for quality testing. Companies should be doing all they can to reduce issues and errors in sample retrieval and sample testing, as......
Time: Thursday February 7, 2019 – 10:00 AM (MT), 11:00 AM (CT) Speaker: Dr. Ian Burgess, Validere, CTO Quality requirements across the industry are changing. The number of quality parameters on NYMEX WTI contracts almost doubled as of January. How will these changes affect the industry and how......
In this webinar Validere’s CTO, Ian Burgess discusses: How to choose the vapor pressure measurement solution that’s right for your operations How to design the most efficient testing schedule to catch off-spec product before it causes any problems like shut-ins and price discounts How to blend closer to spec limits to......
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