We’re very pleased to be joining our friends KCA at the Houston Energy Breakfast on September 17th, and looking forward to meeting with many of the leading lights in the Oil & Gas industry to discuss the latest insights, developments and perspectives on the current state of the global energy market.
As we were thinking about the theme for this months breakfast – ‘Creating Value along the Value Chain’ – it brought to mind the fascinating book by financial journalist James Surowiecki, ‘The Wisdom of Crowds’.
In it, Mr Surowiecki shows through a variety of examples from all walks of life that large groups of people are smarter than an elite few, no matter how brilliant–better at solving problems, fostering innovation, coming to wise decisions, even predicting the future those experts may be.
During Hess Corporations Q1 earnings call on April 29, 2015, COO Greg Hill noted that “Of the $550 million of initial savings we have identified, about $50 million comes from reduction in activity level, $250 million from what I will call self-help cost reductions … that are across the board and come from more than 1,000 different opportunities identified around the company.”
By any standard, it’s clear that Hess are taking advantage of the wisdom of crowds!
Join us Thursday morning at one of the Houston Energy Breakfast pre-event networking stations, and let’s talk about how Oil & Gas companies in today’s economic environment are capturing the best ideas from their crowd – their employees – and what are the best practices for acquiring, ranking and tracking those new ideas so they can be acted on quickly, creating value all along the value chain.
Industry conditions have companies and professionals tightening their belts and evaluating how best to spend their time and budgets. Finding efficiencies for your company, sharing knowledge and maintaining a culture of continuous improvement are always essential elements for successis – and are even more important during a downturn.
Come visit our booth at URTeC to learn how one leading Oil & Gas company has leveraged our Smart Process Application technology to help capture, rank and execute >$500m in combined Opex and Capex cost savings in just the first quarter of 2015.
How big an impact can your team make to your EBIDTA in the next 90 day? Let’s talk about how we can help you achieve similar results … We’re looking forward to seeing you there!
The 5th Annual Operational Excellence in Oil and Gas Summit is taking place in Houston November 3-5, 2014. This 3-day event provides a unique opportunity for the industry’s Operational Excellence leaders to share and discuss proven best practices for operations performance transformation … and we’re excited to be participating!
We’re particularly looking forward to Roddy Evans, of Hess Corporation, presentation on Wednesday, Nov 5th
– “Achieving and sustaining asset integrity and reliability as part of a holistic operational excellence strategy
We recently recorded a podcast with Roddy – available here
– previewing his presentation, and we’re looking forward to hearing more at the Summit about how Hess have leveraged the Opportunity Register (a Smart Process Application, developed on 3GiG’s Prospect Director platform) to encourage and enable a culture of continuous improvement throughout the company.
Come visit 3GiG at the AAPG Conference in Houston, April 2014
3GiG is an integrated technology and services company for the O&G industry, headquartered in Houston, Texas – delivering a Smart Process Application platform designed to help improve the effectiveness of their unstructured, un-automated, human-based collaborative business activities and processes. We will be exhibiting at this years AAPG conference, and would love to see you there.
Carol Hartupee, Sr Reservoir Engineering Analyst at W&T Offshore, will be joining us on Tuesday April 8th to talk and answer questions about how W&T have leveraged 3GiG’s Prospect Director platform to help manage and improve their prospect inventory lifecycle management processes.
Join us at the Smart Fields Summit, where our CEO Kandy Lukats will be among the featured speakers.
In a pre-event survey, 44% of respondents believe that the most important component of smart fields’ development is people who are capable of adapting to new technologies and fulfilling their changed role. This result was also supported by the findings that showed that two thirds of the survey participants would like to change their top management’s attitude towards smart fields’ projects.
Join us at this event to learn how others in the O&G industry are answering these key questions:
- How important is technology, people and process in implementing integrated operations?
- What is the biggest challenge relating to data management?
- What are the technical challenges your company is facing in developing smart fields?
3GiG are pleased to have been selected to present at the 11th Annual Rice Alliance IT and Web Venture Forum, to be hosted December 5th, 2013
The Rice Alliance Annual IT & Web Venture Forum is the largest conference of its kind in the southwest. This event represents an opportunity to learn about the latest emerging technologies, meet investors and individuals from the energy and clean technology industry, learn about investment opportunities and promising companies seeking to expand their management team, as well networking with entrepreneurs, researchers, investment professional and business executives.
Learn more about the event here: http://alliance.rice.edu/2013_it_web_venture_forum/