Welcome!

News Feed Item

Oracle Honors Winners of the Oil and Gas Industry Excellence Awards

Southwestern Energy, ADCO, NOV, Transocean, Enterprise Products Partners L.P. and ADNOC Distribution Recognized for Business Leadership

REDWOOD SHORES, CA -- (Marketwire) -- 10/12/12 -- Oracle (NASDAQ: ORCL)

News Facts

  • Recognizing the innovative solutions and business achievements of its customers, Oracle today announced the recipients of its 2012 Oil and Gas Industry Excellence Awards, presented last week at Oracle OpenWorld San Francisco.
  • The awards recognize the achievements of an oil and gas company from each of the industry's six sectors:
  • Exploration and Production - Southwestern Energy (SWN)
  • National Oil Company - Abu Dhabi Company for Onshore Oil Operations (ADCO)
  • Oilfield Services and Equipment Providers - National Oilwell Varco, Inc. (NOV)
  • Drilling Company (Offshore) - Transocean
  • Midstream (Pipeline) - Enterprise Products Partners L.P.
  • Downstream - ADNOC Distribution

Exploration and Production - Southwestern Energy

  • Southwestern Energy, an independent energy company, involved in the exploration, development and production of natural gas and crude oil in North America, replaced its aging customized and siloed systems with an integrated Oracle platform.
  • It transformed its business processes to operate as a world-class, entrepreneurial exploration and production organization and gained the ability to effectively integrate future acquisitions and expansion of existing operations.
  • With Oracle's integrated global platform for enterprise resource management, upstream, human resources, business intelligence and financial planning, SWN has created a single source of truth for master data elements, including well sites, leases/contracts, suppliers, customers and employees. It also has streamlined compliance with internal and external audit and regulatory requirements and has significantly reduced its information technology (IT) budget thanks to a simplified and unified business intelligence infrastructure built on Oracle Business Intelligence Enterprise Edition, Oracle Business Intelligence Applications, Oracle SOA Suite, Oracle WebCenter Portal, Oracle Exadata Database Machine and Oracle Exalogic.

National Oil Company - ADCO

  • ADCO, which operates onshore and in the Emirate of Abu Dhabi's shallow coastal water, was facing significant data management challenges, including corporate data governance, corporate performance management and business intelligence hurdles. In addition ADCO wanted to capture and analyze exploration and production information in real time to manage its corporate data on a single platform with common definitions and standards.
  • To improve operational efficiency, the company developed an Oracle based Master Data Management solution in conjunction with the Professional Petroleum Data Management (PPDM) data model to be hosted on Oracle Exadata Database Machine as part of the company's high-performance data management solution. ADCO now has the foundation for a single data access gateway to provide a holistic view of drilling and production information and greater control for In/Out data delivery. Oracle's solutions have empowered ADCO to realize its goal for a single source of business information.

Oil Field Services and Equipment Provider - National Oilwell Varco (NOV)

  • National Oilwell Varco (NOV), which provides equipment and components used in oil and gas drilling and production operations, oilfield services and supply chain integration services to the upstream oil and gas industry, looked to standardize its business processes as it continued to expand rapidly.
  • The Rig Technology Division has standardized on the Oracle E-Business Suite. The division relies on Oracle Managed Cloud Services to provide hosting, management, disaster recovery and governance risk and compliance helping to manage corporate and financial risk.
  • The Rig Technology Division manages its global supply chain using Oracle's manufacturing and supply chain planning applications including Oracle's Demantra and Oracle Advanced Supply Chain Planning -- which are also delivered via Oracle Managed Cloud Services. The division also has deployed Oracle Manufacturing Execution System and Oracle Mobile Supply Chain applications for its workforce around the world.
  • Other NOV business units have successfully standardized on Oracle applications and technology, including Oracle Financials, Oracle Human Resources, Oracle Fusion Talent Management Cloud Service, Oracle's JD Edwards Enterprise One for manufacturing and financials, Oracle Database and Oracle Exadata Database Machine.
  • With its extensive Oracle footprint, NOV now shares the right information with relevant team members in a timely fashion for greater operational visibility and insight.

Drilling - Transocean

  • Transocean is a leading international provider of offshore contract drilling services specializing in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. Transocean's employees are focused on safely delivering best-in-class performance for its customers.
  • The company faced several important challenges, including the need to monitor its financial and operational performance; improve data timeliness and quality; and provide visibility of the data to all levels of management.
  • The company created a business intelligence foundation using Oracle Business Intelligence Enterprise Edition. This platform has enabled the company to have one version of truth for all enterprise-wide reporting and allowed for the consolidations of its Oracle's PeopleSoft Financials, PeopleSoft Procurement, PeopleSoft Enterprise Asset Management, and PeopleSoft Human Capital Management reports. Oracle Business Intelligence Enterprise Edition allows management to focus less on administration and more on strategic oversight.

Midstream - Enterprise Products Partners L.P.

  • Enterprise Product Partners L.P., one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals faced a series of challenges. These challenges included non-supported asset management systems, maintaining complex integrations between multiple fragmented systems, and the need for expanded business intelligence.
  • Enterprise Product Partners completed an upgrade of the Oracle E-Business Suite Financials and Human Resources Management System in May 2011. This upgrade enhanced and expanded functionality and added Oracle Business Intelligence reporting capabilities for Accounts Payable, Accounts Receivable, Treasury, Property Accounting, Financial Accounting, Human Resources and Payroll. Hitachi Consulting was the Systems Integrator. Alvarez and Marsal was the Project Management Office.
  • Enterprise Products Partners plans to implement Oracle Enterprise Asset Management, Oracle Supply Chain Management, Oracle Project Costing, Oracle Time and Labor, Oracle WebCenter Content, Oracle iLearning and Oracle Business Intelligence reporting and analytical dashboards in the spring of 2013. This will enable streamlined business processes to improve visibility and support for the company's future growth.

Downstream - ADNOC Distribution

  • ADNOC Distribution, an integrated energy company that markets and distributes petroleum products and services within the United Arab Emirates and internationally, faced several business and IT challenges related to its rapid growth. These included the need to effectively manage more than $100 million in financial transactions annually and a transaction growth rate of 15 percent annually. It also needed to support more than 3,000 users on its IT infrastructure and accommodate a database that was growing exponentially. To clear a path for continued growth, ADNOC Distribution defined a strategic roadmap to ensure that IT projects were aligned with business vision.
  • ADNOC Distribution implemented an Oracle Exadata Database Machine platform, which has delivered dramatic performance improvement for its legacy applications, enabled faster access to business intelligence and improved its ability to support business expansion projects.

Supporting Quote

  • "Southwestern Energy, ADCO, NOV, Transocean, Enterprise Products and ADNOC Distribution are each leaders in their sectors and have shown outstanding business leadership, innovation and technology achievement," said Charles Karren, director, oil and gas industry strategy for Oracle. "Oracle is proud to recognize their achievements and contribute to their successes as these companies provide energy to the world in a cost-effective and safe manner."

Supporting Resources

About Oracle in Industries
Oracle industry solutions leverage the company's best-in-class portfolio of products to address complex business processes relevant to the oil and gas industry helping speed time to market, reduce costs, and gain a competitive edge.

About Oracle
Oracle (NASDAQ: ORCL) provides the most complete, open, and integrated business software and hardware systems in the world. For more information about Oracle, visit oracle.com

Trademark
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Contact Info
Carla Foster
Oracle
+1.650.506.8611
Email Contact

Mary Tobin
O'Keeffe & Company
+1.503.658.7396
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
CIOs and those charged with running IT Operations are challenged to deliver secure, audited, and reliable compute environments for the applications and data for the business. Behind the scenes these tasks are often accomplished by following onerous time-consuming processes and often the management of these environments and processes will be outsourced to multiple IT service providers. In addition, the division of work is often siloed into traditional "towers" that are not well integrated for cro...
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...