Cost Insights
by PowerAdvocate

Intelligence for energy companies seeking a data-driven approach to cost management

Wood Mackenzie Upstream Digitalization Report

November 20, 2018 at 4:29 PM / by PowerAdvocate posted in Industry Insights, upstream

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With cost volatility and a need to continue adapting to an evolving industry, Oil & Gas firms have increasingly turned to innovations such as "digitalizaton" as solutions, with many industry leaders citing it as a top of mind focus in 2018 and beyond. But what is digitalization, and how can firms think about leveraging it effectively to drive greater cost competitiveness and overall higher EBITDA?

To help answer these questions, PowerAdvocate's sister company Wood Mackenzie recently published a report outlining the digitalization landscape in Oil & Gas, including a case study of how one operator drove >$1B in savings and a 25% reduction in third party costs through digitalization and big data from PowerAdvocate.

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Section 232 Threatens Steel and Aluminum

February 23, 2018 at 4:49 PM / by Jaclyn Tran posted in steel, aluminum, tariffs, imports, Section 232, upstream, E&P, Midstream, Downstream, Utility, power

UPDATE: In a surprising move, President Trump announced on March 1 that he intends to impose sweeping 25% tariffs on steel imports and 10% tariffs on aluminum -- the most severe of the potential trade remedies recommended by the Department of Commerce. Details of the plan are still unknown, but the announcement has already driven dramatic steel and aluminum price increases and spooked equipment manufacturers. Register for our March 13 webinar for the latest updates on Section 232.  

Read on for our initial analysis of the Department of Commerce's recommendations.

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