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 Illinois Intelligencer 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 Illinois Intelligencer.
More InformationRio de Janeiro [Brazil], July 7 (ANI): External Affairs Minister S Jaishankar held a meeting with his counterparts from Iran and Mexico...
The billionaire says his America Party will focus on Congress ahead of 2026, but may back a presidential candidate Elon Musk has...
The US president accused the billionaire of sowing chaos with his new third-party initiative US President Donald Trump has lashed...
The US president accused the billionaire of sowing chaos with his new third-party initiative US President Donald Trump has lashed...
(Photo credit: Marc Lebryk-Imagn Images) Brian Campbell's par on the first playoff hole gave him his second career victory on the...
Donald Trumps decision to increase the budget deficit instead of cutting costs has become the last straw, the billionaire says Elon...
WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
CAIRO, Egypt: This week, both Hamas and Israel shared their views ahead of expected peace talks about a new U.S.-backed ceasefire plan....
WASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...