In the last three years (2016–2019), there have been 51 weather- and climate-related disasters in the U.S., each exceeding $1 billion in losses (National Centers for Environmental...
The energy industry is truly global. The location of the buyers, sellers, and the actual commodity can be in any corner of the earth. It is without question that the purchase and...
Let’s go digital, digital! If you don’t do something about digital, you will be left behind or disrupted into extinction – this is a message that energy executives and CXOs often...
Digital Transformation: A Look Back on the Evolution of the Competency Shift in Upstream
Over the weekend, 23 towns in Texas were hit by a coordinated ransomware attack and only a couple of months ago, Baltimore and a North Carolina city fell victim to ransomware...
This summer I had the opportunity to intern at Veritas Total Solutions. I am currently pursuing an MS in Energy at Texas A&M which focuses on all aspects of the energy industry...
Inventory. The lifeblood of many companies in the energy industry. For certain companies, it can also be a source of pain and frustration. The adage “it’s simple but not easy” is...
In the energy industry, many companies have started or are planning their journey into the cloud (see related blog: Why It’s Time to Move Your Business Systems to the Cloud). A...
Buyers of any commodity face a dilemma: lock in supply at the risk of favorable outcomes through competitive bidding, or maintain flexible contracting with the risk of unfavorable...
As experts in the commodity trading and risk management (CTRM) space, we have continuous engagement with clients, who are leveraging CTRM technology for their commodities trading...
“Begin with the end in mind” is of the most common sayings that we use at Veritas. This applies for almost every situation and certainly to projects. When we begin working with...
CTRM projects can take 6 to 18 months to execute and there are few milestones more significant than a project go-live. Given the tremendous effort and focus to get to this point,...
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