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PIDX Standards: Enabling Higher Workflow Efficiencies

PIDX is a body of standards for e-business in the oil and gas industry. Also known as PIDX International, it aims to provide a global forum to deliver and maintain business processes with the use of information and technology standards. As a result, companies in the oil and gas industry will have a seamless and effective electronic business. In brief,…

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energy

5 Energy Companies Enfolding on their Dividends

At the present time, many energy companies seem to be cutting their dividends in order to cope with the decline in the industry. However, some companies are still holding tight on theirs. Last July 30, Linn Energy and LinnCo recommended suspension of distributions at the end of the third quarter of the year. Believed to be in the best long-term…

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PIDX

PIDX: The Impact of Standardization around the World

One of the biggest issues of suppliers and their customers is the differing formats and speeds of generating and processing Bill of Landings (BOLs) across a network of third party terminals. Lifting control systems offer electronic billing, which is beneficial for both buyers and suppliers. However, these benefits cannot be full enjoyed due to the varying standards used by terminals….

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PIDX: Forced Compliance within the Oil and Gas Industry

The approval of the latest version of PIDX standards marks another turning point of the oil and gas industry. It is an important element to increase standardization of billing communications and supply chain management. With the diversity in the national standards and technology solutions, international suppliers need standardization and connectivity. With a pool of international companies adopting the new PIDX…

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Where PIDX Standards Fit in the Supply Chain

PIDX standards play an important role in the Oil and Gas Industry. Nearly 100% of the US oil and gas companies use them. In fact, over 2 million truck loads monthly are supported by PIDX electronic data. These global standards were also adopted in 2013 by major oil companies in Australia and Europe. They are primarily used to exchange electronic…

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pidx

PIDX: Fueling the e-Business of the Oil and Gas Industry

PIDX provides a global forum for delivering IT and process standards to facilitate a seamless and efficient electronic business within the community of the oil and gas industry. It focuses on business-oriented objectives and acts as an inclusive global standards forum. Through the PIDX, industry members are able to communicate broadly and frequently within the trade. It is also the…

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pidx

PIDX Standards: The Key to a Technology Solution’s Success

Last April 9 and 10, the PIDX International US Spring Conference was held in Houston Texas. Hosted by ConocoPhilips, the theme of the conference is “How Sharing Data with a Common Standard Enables Impactful Analytics.” Many people had greatly benefited from the event, including IT vendors, procurement & supply chain executives, sales and marketing specialists, project managers, eBusiness analysts &…

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PIDX Standards: The Industry’s Best Practices

The PIDX XML transaction standards are modeled after the RosettaNet standards. While the RosettaNet standards were developed for electronics and related industries, the PIDX XML transaction standards were established for the oil and gas industry. Although the PIDX standards are based after the RosettaNet’s, there are a few important differences. Some of which are modified for the needs of the…

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