ACCESS Newswire
16 Mar 2023, 23:49 GMT+10
HOUSTON, TX / ACCESSWIRE / March 16, 2023 / OFS Portal, a member-based group of industry-leading upstream oil and gas suppliers, has announced the milestone of over 600 Energy Industry Partners signing an OFS Portal Electronic Data (EDA) or Interoperability Agreement (IOA). This includes over 550 Operators transacting across 45+ cloud e-commerce platforms. Operators in the OFS Portal community include supermajors, NOCs and IOCs. Implementing an EDA provides operators all the benefit from more efficient implementation of digital transactions with OFS Portal Members, including confidentiality and reliability, and preservation of data ownership.
Supply chain digital integration continues to be a priority for most operators, but emissions reporting is gaining ground. EDAs and IOAs define data use for more than just transactions, and while emissions reports are not part of the transaction, it is data that is shared between Suppliers and Operators and can be used to augment the processes in the supply chain. OFS Portal is developing a reporting system that supports both top-down and bottom-up emissions reporting.
OFS Portal CEO Chris Welsh states, 'All OFS Portal Operator and Network Agreements cover data stewardship with relation to transactions as well as data content. This permits the exchange of Scope 3 Emissions Data between OFS Portal Members and their customers to be covered under the content specification, a network of over 600 ready-made agreements to facilitate the exchange of emissions reporting across the Oil & Gas Industry.'
The OFS Portal Community has been working with global standards and industry organizations for over two decades. All the while encouraging reduced costs through promoting open industry transactional data standards and the use of cost-effective business processes.
OFS Portal's current members include: Baker Hughes, Halliburton, SLB, Weatherford International, Select Energy Services, and Wellbore Integrity Solutions. Membership to OFS Portal is open to any supplier operating in the oil and gas industry. For more information, please visit www.ofs-portal.com.
About OFS Portal LLC
OFS Portal is a member-based group of industry-leading upstream oil and gas suppliers. We have implemented a standard way for Oil & Gas Suppliers and Operators to digitally transact; our secure, trusted and collaborative environment results in efficiencies for both service providers and operators. OFS Portal's current members include: Baker Hughes, Halliburton, SLB, Weatherford International, Select Energy Services, and Wellbore Integrity Solutions. Membership to OFS Portal is open to any supplier operating in the oil and gas industry. For more information, please visit www.ofs-portal.com.
Contact Information:
Beverly Jernigan
Principal
[email protected]
713-494-1733
Mimi Stansbury
[email protected]
SOURCE: OFS Portal
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationBASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
(Photo credit: Brad Mills-Imagn Images) The Cincinnati Reds need just one win this weekend to continue a unique pursuit of history...
(Photo credit: Matt Marton-Imagn Images) Pete Crow-Armstrong enters his first trip to Yankee Stadium as a member of the 25-25 club...
(Photo credit: Kamil Krzaczynski-Imagn Images) Kyle Manzardo was slated to bat cleanup and play first base for the Cleveland Guardians...
(Photo credit: Brad Penner-Imagn Images) Anthony Volpe scored the tiebreaking run on a bases-loaded sacrifice fly by Aaron Judge...
(Photo credit: Kamil Krzaczynski-Imagn Images) Thursday evening's contest between the host Chicago White Sox and Cleveland Guardians...