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Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
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Visit the TEC store to compare leading software solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
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 billing joint ventures oil gas


Looking for Oil and Gas ERP Software? Check Out TEC’s Newest Evaluation Center
TEC's research model of oil and gas ERP systems is now live. This means you can research and compare ERP solutions for the oil and gas industry at TEC's Oil and

billing joint ventures oil gas  processed, i.e., costing and billing . • An oil and gas company’s financial framework defines how the joint interest components are structured and organized. It defines the interfaces with the company’s internal accounting system, as well as transfer details and external report structures for partner companies. • Costing and billing functionality defines how day-to-day accounting transactions are processed. It also includes joint operational functionality such as shared project planning tools,

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

ERP for the Oil and Gas Industry (Upstream)

The model of ERP systems for the upstream oil and gas sector addresses the particularly specialized business model of this industry. It is common practice for companies, individuals, and government agencies to form partnerships to explore, develop, and share production of oil wells. More often than not, this is a short-term alliance rather than a long-term partnership, and business structuring must therefore be flexible at initial set-up and throughout the lifespan of the venture. This model of ERP systems includes criteria for financials, human resources, production data capture and reporting, maintenance management, and supply chain management (SCM) functionality. 

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Petrochemical Manufacturing


Companies in the petrochemical industry manage the operations and processes that transform crude oil and other raw materials into chemical products. There are two major categories of petrochemical companies:
  • companies that refine oil and other raw materials and convert them into basic chemicals such as ethylene; and
  • companies that use these basic chemicals to create materials that can then be used in other industries to produce finished products, such as plastics, detergents, paints, fertilizers, polyester, etc.


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Rating IFS EAM Software for Oil and Gas Industry


Simply visit TEC's EAM comparison reports to compare ifs EAM for oil and gas against two other EAM solutions of your choice.

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SAP and Accenture Create a Joint Business Group


Accenture and SAP recently announced the creation of a new business group focused on shortening the time it takes to jointly develop and deliver new industry-specific solutions based on cloud and other digital technologies such as analytics and enterprise mobility.

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Timesheet Software For Client Billing: A Buyer’s Guide


Traditional methods for capturing billable time on projects can cost your company money. Relying on paper forms, e-mail, and spreadsheets prolongs the data gathering process, introduces errors, and can lead to missed hours and employee expenses. A new breed of project time-tracking software can help. This buyer’s guide shows you what to look for as you evaluate project time-tracking software to improve your client billing.

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Ten Key Legal Concerns in E-Commerce Ventures and Contracts


IT managers must understand the legal issues – at least well enough to know when there is an issue. E-commerce is so new that lawyers (and the law) are having a tough time keeping up with it, but that doesn’t get the manager off the hook if something that should have been thought about slips through the cracks. Here are a few simple points to keep in mind as you work on any e-commerce project.

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TECNA & Meta4 PeopleNet


Tecna es una empresa de Ingeniería con 30 años en el mercado del gas y el petróleo, que ha tenido un crecimiento exponencial que generó la necesidad de contar con un software de gerencia de RRHH que permita no sólo pagar los sueldos sino también gerenciar con una herramienta probada en el mercado los recursos humanos de la compañía.

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Here Comes aspenONE Software for Acid Gas Cleaning and Safety Valve Sizing


Aspen Technology, Inc. (a.k.a. AspenTech), a provider of software and services to the process industries, announced the availability of the V8.3 release of the umbrella aspenONE software, which includes the new release of the Aspen HYSYS petroleum refining process design and operation suite. The release includes new functionality in Aspen HYSYS software—Acid Gas Cleaning to model gas sweetening

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"Evergreen"-Environmental Regulations for High-tech and Electronics, Chemical, and Oil and Gas Industries


High-tech and electronics, chemical, and oil and gas industries each have their fair share of regulatory requirements to meet, and an increasing number include environmental directives. Enterprise applications designed to meet their distinct needs should help pave the way to compliance.

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They Know When You Have Gas


A deal with the American Petroleum Exchange will allow members to have “up-to-the-minute” inventory data on their petroleum storage tanks.

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TOA Technologies Raises Significant New Funds to Expand FSM Space


TOA Technologies has recently raised $66 million [USD] from Technology Crossover Ventures (TCV) to continue to expand and execute on its vision for better field service management (FSM) globally. This announcement is important, as this is the largest single funding round in FSM software to date. FSM is a growing software market, and this news shows that it is quickly increasing in value and

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