New from capSpire: Scalable ERCOT Trade Importer

POSTED BY capSpire ON June 29, 2018 IN Allegro, Blog, E/CTRM

If you have to enter trades manually into Allegro to replicate your trading activity on the Electric Reliability Council of Texas (ERCOT) trading platform, then you know what a time-consuming process this can be—especially as trades increase in complexity or volume. A complex trade with multiple details could take as long as a half hour …

Why Inventory Management is More Than Just an Accounting Problem

POSTED BY capSpire ON June 18, 2018 IN Allegro, Blog, E/CTRM

There is a common perception that utilizing inventory-management component within commodity trading and risk management (CTRM) systems is optional. It’s considered a way to make an accountant’s life easier and often relegated to a future stage of implementation if it is considered at all. There are a few reasons for this line of thinking. Accounting …

capSpire European Team Retreat Sets Sail in Portugal

POSTED BY Clare Annis ON June 11, 2018 IN Blog, Careers, Events

capSpire builds technology solutions for leading Energy clients around the world to make their businesses run more efficiently. But a few weeks ago, capSpire teammates faced the ultimate challenge: Competing to build boats out of sticky tape, foam, and a few pieces of wood under the pressure of a one-hour timeframe. Then the boats were …

capSpire ignite: What You Need to Know

POSTED BY Clare Annis ON June 6, 2018 IN Blog, Careers, E/CTRM, News

Are you a recent college graduate who’s considering joining the capSpire team? If so, you’re probably wondering what happens next after you go through the recruitment process. Once you’ve officially secured your place on capSpire’s team—after the obligatory celebration, of course — you’ll be on your way to capSpire ignite. What exactly is capSpire ignite? …

How to Save Six Figures on Your Next Refinery Turnaround

POSTED BY Bernard Wehbe ON June 5, 2018 IN Blog, Digital Transformation, E/CTRM, Optimization

You know because you likely just experienced this in March or April — refinery turnaround months are highly volatile. These changes are disruptive to your supply network and often costly. The expenses associated with diverting supply elsewhere to satisfy contractual obligations can reach into the millions of dollars in some scenarios. But what if there was …

How Data Can Be Leveraged to Your Company’s Advantage—and Maybe Even Help You Get Out of a Speeding Ticket

POSTED BY capSpire ON May 31, 2018 IN Analytics, Blog, Digital Transformation, News

You’re driving along the freeway one evening after work, going to meet friends for dinner at a local barbeque restaurant. Stuck in the middle lane behind a lawn-care truck and with an 18-wheeler to your right, you’re coasting along at a steady pace of about 65 miles per hour (mph) to keep up with traffic …

Permian Basin Bottlenecks to Benefit Regional Refiners

POSTED BY Thomas Hunt ON May 18, 2018 IN Blog, Digital Transformation, E/CTRM, Optimization

In our last blog, we explored the impact of refinery shutdowns on the macro supply and demand of crude in regional hubs such as Midland. We also explored how refiners and midstream operators are increasingly leveraging optimization technology to help them manage their lease crude obligations during refinery shutdowns and turnarounds.   In this blog, …

Mocoh Selects CTRM system using capSpire’s Advisory Services

POSTED BY capSpire ON May 14, 2018 IN Advisory Services, Blog, News, Press Release

Mocoh, a leading global supplier of crude oil and refined products, chose capSpire to help the company evaluate commodity trading and risk management (CTRM) systems. Mocoh’s decision to invest in a CTRM system followed a period of incredible growth, including its recent contract with the Nigerian National Petroleum Company. Through its advisory services and drawing …

Permian Basin: Optimizing Lease Crude Supply During a Refinery Turnaround

POSTED BY Thomas Hunt ON May 7, 2018 IN Blog, Digital Transformation, E/CTRM, Optimization

Between March and May of this year, we have seen a perfect storm of supply-and-demand imbalances in the Permian Basin. Production hit record levels of 3 million barrels per day (bpd) according to the EIA, refineries shut down for annual turnarounds, and pipeline takeaway capacity reached its limits. All this has culminated in the Midland-Cushing …

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