E-Procurement Alliance Targets Oil And Gas Sector

Jan. 13, 2005
Compiled By Deborah Austin A new agreement links buyer and supplier organizations in the oil and gas sector, providing an e-procurement framework for members of both organizations to transact electronically based on industrywide standards. The ...
Compiled ByDeborah Austin A new agreement links buyer and supplier organizations in the oil and gas sector, providing an e-procurement framework for members of both organizations to transact electronically based on industrywide standards. The alliance between Houston-based entities Trade-Ranger, a global e-procurement marketplace for the oil, gas and chemicals industries, and OFS Portal LLC, which represents oilfield products and services suppliers, provides an avenue for Trade-Ranger buyer members to access OFS suppliers' electronic catalog content through the Trade-Ranger marketplace. The agreement also formalizes a cooperative relationship between the two organizations to develop industrywide electronic data standards through Petroleum Industry Data Exchange (PIDX), the electronic commerce committee of the American Petroleum Institute. OFS Portal already has conducted more than 40 pilots with Trade-Ranger members based on PIDX content and/or transaction standards.

Popular Sponsored Recommendations

Are You Positioned To Tackle Supply Chain Risk?

Sept. 20, 2023
Supply chain disruption is here to stay, but you can keep ahead of potential issues — and identify new opportunities — by regularly assessing your suppliers. Download our supplier...

The Benefits of Continuous Thermal Monitoring

Oct. 17, 2023
Read this eBook to learn more about collecting and using data intelligently to improve performance.

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!