capSpire Sponsors 2019 Allegro User Group Meeting

POSTED BY Megan Coger ON August 29, 2019 IN Allegro, Blog, E/CTRM, Events, Featured Resource, News

It’s one of the only events in the commodity trading and risk management (CTRM) space in which users are given the opportunity to steer product development—and capSpire will be right there in the action.  Held annually, the Allegro User Group (AUG) Meeting gathers Allegro customers representing some of the world’s most prestigious companies together in …

A Comprehensive Review of the Lighter Side of capSpire’s Annual Retreat

POSTED BY Megan Coger ON August 28, 2019 IN Blog, Featured Resource

capSpire’s annual meeting and activities associated with the retreat aren’t a random occurrence, they’re a very specific and deliberate part of capSpire tradition.   capSpire’s Annual Retreat is an opportunity for the team to come together and collaborate during company-wide meetings, strategy sessions, a market expo, and internal meetings with each of our centers of excellence.  …

capSpire’s Annual Retreat Focuses on Connection and Collaboration

POSTED BY Megan Coger ON August 22, 2019 IN Blog, Careers, Events

It’s no small task to connect our team in one central location. But ingrained in the capSpire culture is the belief that quality time face-to-face is worth the added effort.  The capSpire Retreat serves a dual purpose, casually balancing strategy and collaboration sessions with team-building activities. It’s a great way to re-energize, encourage cross-departmental collaboration, …

A Solution for Inefficient Transport in the Oilfield: Uber for Crude Trucks

POSTED BY Thomas Hunt ON August 19, 2019 IN Blog, Digital Transformation, E/CTRM, Featured Resource, Optimization

It’s one of the most common challenges in the oilfield: inefficient transportation of trucks that carry crude oil, sand, and produced water to and from the wellsite. Not only are these transportation costs high, but on average these trucks travel empty 50% of the time. It all adds up to a price that can significantly …

Is your business ready for 5 minute settlement?

POSTED BY Rachel O'Dwyer ON August 13, 2019 IN Blog, E/CTRM

By now, everyone should be aware of the impending wide-scale changes to the Australian electricity market. The move from 30 to 5-minute settlement is arguably the most significant change the market has seen since the National Electricity Market (NEM) was formed in the ’90s, and the impacts for all those in the sector are just …

Machine Learning Saves Millions By Predicting Crude-Hauler Rejects: Part 2

POSTED BY Thomas Hunt ON August 13, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM

In the first post of this series about crude oil load rejections, we discussed the extent of the problem, its estimated cost to producers and first purchasers, and how rejections can be predicted. These were the highlights: In our sample, first purchasers rejected 2.6% of crude oil loads because of high BS&W. The cost of …

How Data Analytics Transformed the NBA and Can Do the Same for the Energy Industry

POSTED BY Thomas Hunt ON July 16, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM, Featured Resource, Uncategorized

After the NBA finals, during which the Toronto Raptors won their first-ever championship, NPR released a podcast about the impact that data analytics had on the game. The following is capSpire’s spin on this topic and its implications for the energy industry. A New Rule The three-point shot was introduced to the NBA in 1979 …

capSpire Lands on Inc. Magazine’s 2019 Best Workplaces List

POSTED BY Megan Coger ON June 27, 2019 IN Blog, Careers, Featured, Featured Resource, News, Press Release

capSpire has been named one of Inc. Magazine’s Best Workplaces of 2019! The list ranks private American companies that have created exceptional workplaces through vibrant cultures, deep employee engagement, and great benefits. Hitting newsstands in the June 2019 issue, and highlighted in a feature on the publication’s website, the award is the result of a …

capSpire appoints Amrik Sembi to new role of Vice President, Global Marketing

POSTED BY Megan Coger ON June 18, 2019 IN Blog, Featured Resource, News, Press Release

capSpire, a global consulting and solutions company serving the commodities industry, has appointed Amrik Sembi to the newly created position of Vice President, Global Marketing. This new leadership role reflects the growth within the company and is designed to help share capSpire’s wealth of expertise with the global commodities community. As part of his new …

What to Look for in a Partner for Your RightAngle Upgrade

POSTED BY Eddie Chen ON June 4, 2019 IN Blog, E/CTRM, RightAngle, Uncategorized

Previously, we discussed the release of RightAngle version s17 and the many compelling reasons to upgrade as soon as you can. However, when you upgrade your energy/commodity trading and risk management (E/CTRM) system, it’s undoubtedly a significant investment in time, money, and effort. The upgrade process carries some risks, such as prolonged business processes and …

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