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 capSpire 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 capSpire 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 …

capSpire Expands CTRM Offerings with Endur Practice

POSTED BY capSpire ON April 29, 2019 IN Blog, Endur, News

capSpire’s commodity trading and risk management (CTRM) services now include implementations, upgrades, enhancements, and support for the Endur platform. The new capSpire Center of Excellence for Endur expands upon our 10 years of ensuring client success with other market-leading CTRM platforms such as Allegro and RightAngle. “Our new practice addresses a void in the Endur …

capSpire Discovers How Machine Learning Can Save Millions By Predicting Crude-Hauler Rejects

POSTED BY Thomas Hunt ON April 29, 2019 IN Analytics, Blog, Optimization

First purchasers of crude oil often use tanker trucks to transport crude oil from tanks on well sites (leases) and deliver crude to pipeline injection points (stations). First purchasers may own their own trucks, use third-party haulers, or both. As the first interface between the producer and end users, first purchasers need to test crude …

capSpire Sponsors Global ConnectION 2019 Conferences

POSTED BY capSpire ON April 29, 2019 IN Blog, E/CTRM, News, Press Release, RightAngle

capSpire is excited to sponsor the 2019 ConnectION client events, which bring together ION Commodities and Treasury clients from around the world to discuss how to best leverage their ION solution and remain competitive in a constantly changing industry landscape. The conference also provides an opportunity to discuss upcoming trends, general technology advancements, new product …

What You Need to Know about the Global Allegro Customer Summit 2019

POSTED BY capSpire ON March 25, 2019 IN Allegro, Blog, E/CTRM, Events, Featured Resource, News

Once again, the Global Allegro Customer Summit—this year attended by more than 55 Allegro clients from across the globe—was a resounding success. A few weeks ago, capSpire supported the annual Allegro user conference in Coronado, California, as a top-level Titanium sponsor. As a premier partner of Allegro, we also served as a conference exhibitor and …

Categories

 

Recent Posts