Oil, Gas and Energy

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Oil, Gas and Energy

Oil, Gas and Energy Sector

The Oil, Gas and Energy sector is vital to our economy and powers it. We all see how disruption in production and price fluctuations ripple through every other industry. Challenges affecting the Oil, Gas and Energy companies are numerous. Concerns with carbon emissions top the list and there is a shift away from fossil fuels to renewables. However, that change cannot happen overnight. Storage of energy when it comes to renewables is a big hurdle. The world also has an infrastructure that has been primarily built out on oil and gas. Market factors and the push for greener energy has made new investments harder to come by in the Oil and Gas space. Boom and bust cycles make infrastructure upgrades harder to accomplish. Geopolitical issues are a constant when it comes to the energy sector. Risks and threats can only be avoided or mitigated when Oil, Gas and Energy companies are ready and able to change and evolve. Most companies in this space are well-run. Many embrace technology and staff augmentation to rise to challenges. These two areas are where we assist energy-focused clients the most.

Valenta and the Oil, Gas and Energy Sector

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Fortune 1000 Oil, Gas and Energy companies and big multinationals have leveraged consulting services, digital transformation firms, and staffing providers for decades. They have been early adopters of AI and ML. They have also leveraged RPA for back office tasks. The large multinationals have also utilized staff augmentation and have outsourced entire departments and functions within their business. Midsized companies in the Oil, Gas and Energy space have been slower to embrace technology and outside staffing. It has been the same for regional players. Valenta is increasingly seeing rising demand for services from these types of companies. Valenta has experience with all the technology and innovations needed in today’s evolving Oil, Gas and Energy sector. We have Managing Partners located in cities across the US, Canada, the UK, the EU, and Australia. Many of our partners come from the Oil, Gas and Energy space. Our Managing Partners work with other in region consultants, plus offshore consultants, developers, and managers of outsourced staff to deliver the best services to our clients. 

The Top Challenges for the Oil, Gas and Energy Sector

Based on our experience and conversations with clients.

below are the top challenges faced by today’s Oil, Gas and Energy sector.  Valenta can assist with all of these challenges through a combination of Process Consulting, Digital Transformation and Staff Augmentation :

top-challenges-in-oil-and-gas-energy
  • Carbon emissions concerns
  • New investments
  • Emphasis on sustainable energy
  • Decreasing infrastructure investment
  • Government regulation
  • Geopolitical risk
  • Price volatility
  • Supply and demand risks
  • Cost containment
  • Operational improvement
  • Talent retention
  • Staffing

How Valenta Assists the Oil, Gas and Energy Sector?

At Valenta we can aid with today’s challenges and provide services that address cost containment freeing up cash to address other issues. We can also help implement strategies and technology to mitigate supply and demand risks and price volatility. We can apply AI and ML to costing and procurement and provide data analysis and business intelligence solutions and services to our clients in the Oil, Gas and Energy space. We can assist Oil, Gas and Energy companies when it comes to staffing. We provide new economy and information economy roles like Big Data Specialists, Cloud Engineers, RPA Developers, DevOps Engineers, Data Security Analysts, Cyber Security Engineers, and more. Valenta also provides traditional BPO services like accounting, bookkeeping, administration, billing staff, digital marketers, IT staff, software administrators and more.

Valenta can help Oil, Gas and Energy companies in the following ways.

Process

Process

Oil, Gas and Energy companies cannot afford to waste time or have inefficiencies in their organizations. Process issues appear frequently in companies who are undergoing change like the ones in Oil, Gas and Energy. We look for waste in all processes and have staff available for process mapping, task mapping and business optimization.

Repeatability, Execution

Execution

Excellence in execution is essential. Great ideas and goals are only the beginning. Successfully implementing new strategies, projects, and plans is the difference between success and failure. We help our Oil, Gas and Energy clients flawlessly execute. 

innovation

Innovation

Innovation is a key to success for all businesses. The competition, customers, and the business environment are always changing. Innovation is how Oil, Gas and Energy companies can stay ahead of the competition and be where their customers will be.  We help our clients to be nimble and agile. 

strategy

Strategy

Developing and executing the right growth strategies is critical. Our clients benefit from bringing in our expertise for hire. We can provide actionable strategies for our Oil, Gas and Energy clients plus detailed plans for how to get desired outcomes and results.

Digital-Transformation

Digital Transformation

There is a tremendous need for all companies to automate and adapt to new technologies and ways of doing business, and Oil, Gas and Energy companies are no different.  Having skills for this internally can be challenging.  Valenta implements solutions such as AI for data analysis and prediction, plus RPA to automate business functions at competitive pricing and as a service.  Offloading this to us, Oil, Gas and Energy companies focus on their core business. 

Growth

Growth

In today’s environment a business must grow or die. One of the most painful challenges is sustainable and profitable growth. Our team of partners, consultants, developers, and back office staff can implement a myriad of growth strategies for Oil, Gas and Energy companies to strike the right balance of growth and profits.

Profits

Profits

The bottom line is crucial.  Maintaining profitability and healthy cash flow is something every business must pay close attention to. Oil, Gas and Energy companies are no different. Valenta can identify opportunities for efficiency gains and can provide ROIs for all client projects. 

Support, Staff

Staffing

If current employees are under-skilled or not able to fulfill the requirements of positions, Valenta’s team of skilled and fully trained individuals can meet requirements. Hiring is time-consuming and there are not always skills available within budget.  Staff Augmentation can bridge the gap of competencies and economics. 

Services Valenta Provides for the Oil, Gas and Energy Sector

Consulting

Consulting

An end-to-end solution, from strategy to implementation. Specializing in turning strategies into measurable and sustainable results.

Valenta provides Consulting services that can be of great value to the Oil, Gas and Energy segment. We can assist companies in this space streamline their exploration efforts, their back office, supply chains, order entry, billing, customer support, accounting, finance and HR processes for peak efficiency and lowest cost. Savings generated can be devoted to exploration, enhancing infrastructure, or upgrading software platforms. Valenta can also look for ways to use AI and ML to streamline procurement, billing, order intake, and other business interactions.

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Digital-Transformation

Digital Transformation

Streamline workflows and improve productivity across business units. Implementing powerful tools to provide businesses with an unparalleled competitive edge.

Valenta Digital Transformation services can leverage AI and ML for exploration efforts and streamline back office processes by leveraging RPA.  We can also utilize RPA for critical procurement, finance, and accounting workflows. Our services can be deployed with flexible SaaS models. Conversational AI solutions can be deployed to make Oil, Gas and Energy support staff more efficient and better informed. All Valenta services are easy to scale up and ramp down which can be of great value to Energy companies.

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Support, Staff

Staff Augmentation

Focus on growing your business, let us take care of the rest and save up to 60% on staffing costs.

Oil, Gas and Energy companies can also benefit from Valenta Staff Augmentation services. Hard to fill Software Developers, Data Analysts and Big Data Specialists can be supplied for better operations and decision making.  Back office roles like accountants, bookkeepers, IT staff, and more can be filled quickly and cost effectively so that the maximum amount of resources can be dedicated to field positions and other strategic roles.

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Heat Maps for Oil, Gas and Energy Sector Processes

Many processes lend themselves to automation in the Oil, Gas and Energy space. Please find the following Heat Map highlighting the Supply Chain area that is one of the best places to start with automation and digital transformation in the Oil, Gas and Energy segment. 

Supply Chain Management

Automation and AI in the Oil, Gas and Energy Sector

Oil, Gas and Energy companies can very effectively leverage AI, ML and RPA.
oil-gas-automation

The oil and gas industry are broken down into three segments being upstream, midstream, and downstream. Upstream businesses consist of companies involved in the exploration and production of oil and gas and are often referred to as E&P exploration and production companies.

Midstream businesses are those that are focused on transportation and are characterized by shipping, trucking, pipelines, and storing of raw materials. Downstream businesses are refineries responsible for converting the oil and gas to products such as gasoline, jet fuel, heating oil and more; as well as the businesses involved in product marketing and finished product distribution to the customer.

Robotic Process Automation can be deployed in each of the above segments and add great value. Organizations operating in each of the segments above are large scale businesses employing several thousands of employees leading to significant volumes of tasks to be processed, be it in finance and accounting, human resources, or IT.  Due to the nature of these businesses, they also engage with several vendors and therefore have huge procurement teams in place to ensure vendor registration and documentation takes place in a compliant manner.

RPA can not only streamline several processes within this sector but also save massive operating costs and increase efficiencies across the organization.

How does the Oil & Gas Industry Benefit from AI?

  • IMPROVED PERSONNEL SAFETY
  • GREATER EFFICIENCY
  • HIGHER THROUGHPUT
  • IMPROVED AGILITY
  • COST REDUCTIONS

Leading Digital Technologies Used by the Global Oil and Gas Industry 2020

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Insights for the Oil, Gas and Energy Sector

White Paper
How Can Midsized Companies Benefit from Staff Augmentation

White Paper
How Can Midsized Companies Benefit from Digital Marketing

White Paper
How Can Midsized Companies Benefit from Digital Transformation

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How Can SMB’s benefit from
Consulting services

White Paper
Top Conversational AI Use Cases Valenta & OneReach.ai

Find a Partner

The Oil, Gas and Energy businesses can benefit from Valenta services. We have partners and staff onboard who understand this sector and who have experience with Oil, Gas and Energy. Everything we do at Valenta is about helping companies focus on and have time for what they do best and their core mission. We do this through process consulting, digital transformation, the automation of tasks, and by providing staff augmentation.   Valenta is focused exclusively on SMB clients, typically enterprise customers with 10-1,000 employees. We have Managing Partners located in cities across the US, Canada, the UK, the EU, and Australia. Our Managing Partners work with other onshore consultants, plus offshore consultants, developers, and managers of outsourced staff to deliver the best services to our clients. Please reach out here to locate a Managing Partner in your area.

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