Generated by All in One SEO v5.0.0.1, this is an llms.txt file, used by LLMs to index the site. # Coastal Flow Measurement A Quorum Business Solution ## Sitemaps - [XML Sitemap](https://coastalflow.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [News](https://coastalflow.com/news/) - Coastal Flow Liquid Measurement Solutions - News - [Shell CFO Says Shareholders Focusing More on Energy Security](https://coastalflow.com/shell-cfo-says-shareholders-focusing-more-on-energy-security/) - Shell Plc investors are showing more interest in energy security in the wake of the crisis triggered by Russia’s invasion of Ukraine, according to Chief Financial Officer Sinead Gorman. New Chief Executive Officer Wael Sawan is preparing to lay out Shell’s strategy at a capital markets day event in June, which could see the company - [French Strikes Leave Millions of Barrels of Oil Stuck on Tankers](https://coastalflow.com/french-strikes-leave-millions-of-barrels-of-oil-stuck-on-tankers/) - A fleet of tankers carrying millions of barrels of oil is backed up off the coast of France as strikes over pension reform rumble on. Vessels holding at least 14 millions of barrels of crude oil are currently floating off the country’s shores, according to tanker-tracking data compiled by Bloomberg. With strikes hampering port operations, supplies - [Oil Jumps as Sentiment Improves](https://coastalflow.com/oil-jumps-as-sentiment-improves/) - Oil surged to the highest in about two weeks as supply disruptions in Turkey added to broader market optimism that a wider banking contagion may be avoided. #Oil #Jumps #Sentiment #Improves - [Trafigura Investigated Over Commodity Price Manipulation](https://coastalflow.com/trafigura-investigated-over-commodity-price-manipulation/) - Trafigura Group was investigated by the US Department of Justice over commodity price manipulation, according to a filing from a case involving one of the company’s former oil products traders. Ex-Trafigura trader Charlotte Bamber entered into a non-prosecution agreement with the DOJ in 2020, admitting to wire fraud and commodity price manipulation while working at - [Oil Falls Friday but Posts Weekly Gain](https://coastalflow.com/oil-falls-friday-but-posts-weekly-gain/) - Oil rose this week as US government promises to protect bank depositors and a lack of surprises from the Federal Reserve calmed investors. Crude settled above $69 a barrel on Friday, recovering about a quarter of the nearly $10 it lost the previous week. The commodity remains volatile, and as long as banking concerns remain - [Spain Presses Importers of Russian LNG](https://coastalflow.com/spain-presses-importers-of-russian-lng/) - Spain, the biggest European buyer of liquefied natural gas from Russia, is urging importers not to sign new contracts with Moscow as it seeks to crimp revenues for the Kremlin’s war machine. LNG importers in Spain received a letter from the government asking companies not to sign up to new purchases from Russia, according to - [Oil Falls as SPR Refill Looks Weak](https://coastalflow.com/oil-falls-as-spr-refill-looks-weak/) - Oil halted its recent advance as weakening sentiment weighed on broader markets and the US government signaled that refilling the Strategic Petroleum Reserve will take longer than previously expected. #Oil #Falls #SPR #Refill #Weak - [Equinor Increases Stake in Scatec](https://coastalflow.com/equinor-increases-stake-in-scatec/) - Norwegian energy major Equinor has boosted its stake in renewable energy company Scatec. Equinor said it has increased its stake by a further 3.1 percent as it acquired additional 5,000,000 shares in the company from Scatec Innovation for a total of $28.9 million (NOK 305 million). The purchase price per share is approximately $5.71 (NOK - [Oil Rebounds as US Assures Bank Crisis Containment](https://coastalflow.com/oil-rebounds-as-us-assures-bank-crisis-containment/) - Oil jumped the most since early February and restored key technical levels after US government promises to protect bank depositors calmed markets. The commodity snapped its longest stretch of being oversold on the nine-day relative strength index since November 2021 as Treasury Secretary Janet Yellen said the government could take drastic actions to protect depositors - [Oil Near 2021 Lows as Banking Crisis Boosts Recession Fears](https://coastalflow.com/oil-near-2021-lows-as-banking-crisis-boosts-recession-fears/) - Oil hovered around 15-month lows as a favored spread for hedge funds to trade plunged with banking turmoil shaking confidence across markets. Brent’s December-December spread narrowed on Monday to its weakest level since Dec. 2021, suggesting a longer-term impact from recent fears of a diminished demand outlook. Even crude’s most ardent bull, Goldman Sachs Group - [USA Crude Up 0.2 Percent to 851.6MM Barrels Last Week](https://coastalflow.com/usa-crude-up-0-2-percent-to-851-6mm-barrels-last-week/) - Total crude oil stocks in the U.S. rose 1.6 million barrels, or 0.2 percent, to 851.6 million barrels in the week ending March 10 against the preceding week, while commercial inventories broke the five-year average for this time of year, the country’s Energy Information Administration (EIA) said Wednesday. The rate of local raw oil production - [Iran Oil Exports Reportedly Surge Despite USA Sanctions](https://coastalflow.com/iran-oil-exports-reportedly-surge-despite-usa-sanctions/) - Iran’s oil minister said Sunday the country had shipped abroad 83 million more barrels of crude oil in the first 11 months of the current Iranian calendar year compared to the same period last year, government-owned Islamic Republic News Agency (IRNA) reported. Another report by state media Press TV said, also citing Petroleum Minister Javad - [Bank Turmoil Fuels Largest Weekly Loss Since April 2020](https://coastalflow.com/bank-turmoil-fuels-largest-weekly-loss-since-april-2020/) - Oil posted the worst weekly loss since the early months of the coronavirus pandemic as banking turmoil poisoned investor sentiment. West Texas Intermediate lost nearly 13% this week, the largest drop in almost three years. The failure of Silicon Valley Bank and troubles at Credit Suisse Group AG drove investors from risk assets, with oil-options - [Worley Secures Job at Cerilon North Dakota NGL Plant](https://coastalflow.com/worley-secures-job-at-cerilon-north-dakota-ngl-plant/) - Project delivery and asset services provider, Worley, has secured a contract to provide engineering services for the FEL 2 stage of a gas-to-liquids (GTL) facility in North Dakota. The contract has been awarded by the Canadian-based energy and resource development company Cerilon. This GTL facility will convert natural gas to produce up to 24,000 barrels - [Oil Plunges to Lowest Levels in 15 Months](https://coastalflow.com/oil-plunges-to-lowest-levels-in-15-months/) - Oil closed at a 15-month low as a wave of technical selling and options covering accelerated a three-day slide. #Oil #Plunges #Lowest #Levels #Months - [Shell Opts for Kongsberg's Digital Twin Tech](https://coastalflow.com/shell-opts-for-kongsbergs-digital-twin-tech/) - Kongsberg Digital has secured a five-year deal with Shell Global Solutions International aimed at digitalizing the latter’s global assets. Shell aims to achieve its goal through the use of Kongsberg’s digital twin technology. The contract, which was signed in December 2022, is an amendment to the framework agreement signed in 2020, with a committed multiple-asset - [Oil Sinks as Bank Collapse Heightens Uncertainty](https://coastalflow.com/oil-sinks-as-bank-collapse-heightens-uncertainty/) - Oil prices slid and volatility surged as traders fled risk and tried to come to grips with how the biggest US bank collapse since 2008 would reverberate through the economy. Brent, the global benchmark, fell below $80 for the first time since early February as investors fled risk assets and poured into safer bets but - [Saudi Arabia and Iran Ease Mideast Rift That Rattled Oil](https://coastalflow.com/saudi-arabia-and-iran-ease-mideast-rift-that-rattled-oil/) - Iran and Saudi Arabia will restore diplomatic ties, easing a geopolitical rivalry in the Persian Gulf that has unnerved oil markets. The countries have been reaching out to each other for at least the past two years, first secretly and gradually more publicly. It’s part of a broader regional realignment that’s seen several old - [Top Headlines: Hot USA LNG Labor Market Incoming](https://coastalflow.com/top-headlines-hot-usa-lng-labor-market-incoming/) - Hot USA LNG Labor Market Incoming A hot U.S. LNG labor market is coming, a new Rystad Energy market update sent to Rigzone recently stated. Read full article here Are Enough Young People Entering the Oil and Gas Workforce? Representatives from Petroplan, The Birmingham Group, and Piper-Morgan Search have their say. Read full article here - [Well-Safe Solutions to Help with Decommissioning of Two Kate Wells](https://coastalflow.com/well-safe-solutions-to-help-with-decommissioning-of-two-kate-wells/) - Well-Safe Solutions, the international well decommissioning specialist, has been brought in to support the decommissioning of two wells that have been suspended in BP’s Kate field in the North Sea. The company said that the scope of work at the field, some 136 miles from Aberdeen, includes well engineering support services using its bespoke Well - [Oil Prices Drop Ahead of Looming Jobs Report](https://coastalflow.com/oil-prices-drop-ahead-of-looming-jobs-report/) - Oil posted its lowest close in more than a week as investors sought to avoid being caught on the wrong side of the jobless claims number scheduled for release tomorrow. Crude markets reversed an early rally that was driven by an initial sense higher-than-expected unemployment figures could open a path for the Federal Reserve to - [ACWA Power to Develop 1GW Renewables Project in Kazakhstan](https://coastalflow.com/acwa-power-to-develop-1gw-renewables-project-in-kazakhstan/) - Saudi developer ACWA Power has reached an agreement with Kazakhstan’s Ministry of Energy and Samruk-Kazyna, the sovereign wealth fund of Kazakhstan, to develop a 1GW wind energy and battery storage project in the country. According to the company, this deal marks its entry into Kazakhstan, with an initial investment of $1.5 billion to support national climate - [Pantheon Resumes Production at Alkaid #2 Well](https://coastalflow.com/pantheon-resumes-production-at-alkaid-2-well/) - Pantheon Resources has resumed production at the Alkaid #2 well following the cleanout of the sand blockage in the final 1,000 ft of the wellbore. The company noted that IP30 production rate is currently calculated at 505 barrels per day of liquid hydrocarbons. The quantum of liquid and gas production flowing without artificial lift from - [ADNOC Buys 10 Hybrid Land Drilling Rigs](https://coastalflow.com/adnoc-buys-10-hybrid-land-drilling-rigs/) - ADNOC Drilling has splashed $252 million to buy ten newbuild hybrid power land drilling rigs, in its push towards decarbonization. ADNOC is committed to reduce greenhouse gas intensity by 25 percent by 2030. The rigs use a high capacity battery and engine automation in parallel with the rigs’ traditional diesel generators. The hybrid power technology - [Eni CEO Meets Kenyan President in Nairobi](https://coastalflow.com/eni-ceo-meets-kenyan-president-in-nairobi/) - Eni’s agribusiness activities and the company’s decarbonization initiatives in Kenya were the topic of discussion at the meeting between CEO Claudio Descalzi and the country’s president Samoei Ruto. The meeting was also attended by cabinet secretary for Energy and Oil Davis Chirchir. Eni said in its statement that Descalzi and the delegation illustrated to president - [Top Headlines: Will There Be a Hiring Boom in Oil and Gas in 2023?](https://coastalflow.com/top-headlines-will-there-be-a-hiring-boom-in-oil-and-gas-in-2023/) - Here are some of Rigzone’s top stories during the last week, just in case you missed them… Will There Be a Hiring Boom in Oil and Gas in 2023? The founder and president of Piper-Morgan Search and the CEO of Hazeltine Executive Search Partners talk to Rigzone. Read full article here BofA Global Research Reveals - [TWMA Bags Seven-Figure Deal in the North Sea](https://coastalflow.com/twma-bags-seven-figure-deal-in-the-north-sea/) - TWMA, a specialist drilling waste management company, has been contracted to deploy its RotoMill technology on a harsh environment semi-submersible unit. The contract with an undisclosed client will bring in a seven-figure sum to TWMA. TWMA was chosen as the specialist provider of offshore processing services in order to remove waiting-on weather risk associated with - [TechnipFMC Gets In On Agogo Development Offshore Angola](https://coastalflow.com/technipfmc-gets-in-on-agogo-development-offshore-angola/) - TechnipFMC joins a list of companies that have been hired by Azule Energy to bring forward the Agogo Integrated West Hub Development project, offshore Angola. The company has been contracted to supply flexible pipe for the project. TechnipFMC valued the contract between $250 million and $500 million and said it is one of TechnipFMC’s largest - [Quorum Software Hosts Virtual Customer Conference Benefitting the Cystic Fibrosis Foundation](https://coastalflow.com/quorum-software-hosts-virtual-customer-conference-benefitting-the-cystic-fibrosis-foundation-2/) - Oil and gas software provider commits all online event sponsorship and registration proceeds to the Texas Gulf Coast Chapter of the Cystic Fibrosis Foundation Quorum Software and its customers and partners raise funds for the Texas Gulf Coast Chapter of the Cystic Fibrosis Foundation through Qnections LIVE conference. HOUSTON, June 15, 2020 – Quorum Software, - [Oil Futures Down In Steady Trading On OPEC Demand Concerns](https://coastalflow.com/oil-futures-down-in-steady-trading-on-opec-demand-concerns/) - Oil closed lower as traders assessed OPEC’s skepticism around the strength of crude demand even after prices hit the highest since 2014. Futures in New York fell 0.3% on Wednesday after trading little changed for most of the afternoon. OPEC revised down its estimate for 2021 global oil consumption in its monthly market report. The - [Combined Product Vision with Aucerna | Blog](https://coastalflow.com/combined-product-vision-with-aucerna-blog/) - Qnections 2021 brought customers together from across the energy value chain for learning and collaboration. One highlight session, The Combined Product Vision with Aucerna + Quorum, presented by SVP Products, Chit Patel, focused on a different kind of collaboration. The collaboration possible between planning and operations. In February, Quorum Software announced its merger with Aucerna. - [Quorum Software Appoints Paul Langenbahn as President](https://coastalflow.com/quorum-software-appoints-paul-langenbahn-as-president/) - Software industry veteran to lead Quorum’s global go-to-market strategy for transforming the business of energy through technology HOUSTON, September 22, 2021 – Quorum Software (Quorum), the global software leader dedicated to the energy industry, today announced that Paul Langenbahn has been named President of Quorum Software. In this position, he will be responsible for worldwide - [Oil Clears Early Losses as Dollar and Expirations Impact Trading](https://coastalflow.com/oil-clears-early-losses-as-dollar-and-expirations-impact-trading/) - Oil ended the session unchanged after choppy trading with traders focused on adjusting positions in U.S. crude options ahead of expiration. Futures in New York closed flat on Thursday after earlier declining as much as 1.5% amid a U.S. dollar rally. Nearly 312 million barrels of Nymex front-month West Texas Intermediate crude options, instruments used - [Al Hariga Oil Port Sit-in Ends](https://coastalflow.com/al-hariga-oil-port-sit-in-ends/) - Libya’s National Oil Corporation (NOC) has announced the resumption of crude export operations at the Al Hariga oil port. The development comes after a group of young people ended their sit-in inside the port, which lasted for days, NOC revealed. The company outlined that the demonstration was ended after a meeting was held between Mustafa - [New Product Release Resources for Quorum Software](https://coastalflow.com/new-product-release-resources-for-quorum-software/) - How can you stay up to date with the latest product features from Quorum Software? Check out the support portal, available to our oil and gas software users. The support portal is a self-service hub for customers where you can submit a support case, view case activity, and now access resources on our latest releases. - [Chevron and Enterprise Exploring Carbon Storage Ops](https://coastalflow.com/chevron-and-enterprise-exploring-carbon-storage-ops/) - Chevron and Enterprise Products Partners are exploring carbon storage business opportunities. Through its Chevron New Energies division, Chevron U.S.A. Inc. and a subsidiary of Enterprise Products Partners L.P. announced a framework to study and evaluate opportunities for carbon dioxide capture, utilization and storage (CCUS) from their respective business operations in the U.S. Midcontinent and Gulf Coast. - [Oil Surged Higher Wednesday](https://coastalflow.com/oil-surged-higher-wednesday/) - Oil jumped to the highest in six weeks amid signs of a rapidly tightening market after a U.S. government report showed a bigger-than-expected decline in crude stockpiles. Futures in New York surged 3.1% on Wednesday and global benchmark Brent closed above $75 a barrel for the first time since July. U.S. crude supplies hit the - [Halliburton Selected for Offshore Israel Campaign](https://coastalflow.com/halliburton-selected-for-offshore-israel-campaign/) - Halliburton Company (NYSE: HAL) has announced that it has been awarded an integrated services contract to execute a three to five well drilling and completions campaign for Energean. The deal is for three firm and two optional wells to deliver all services including project management, directional drilling, drill bits, drilling fluids, cementing, solids control, wireline, - [EnergyIQ 2020.1 Well Master Data Management Now Available](https://coastalflow.com/energyiq-2020-1-well-master-data-management-now-available/) - We are pleased to announce that version 2020.1 of EnergyIQ by Quorum Software (EIQ) is now available. EIQ provides a full suite of master data management tools for managing and integrating internal and external data sources -- including land, accounting, drilling and completion, and document management solutions -- to support various business needs. E&P companies standardizing operations - [Oil Up as API Report Shows Inventory Slump](https://coastalflow.com/oil-up-as-api-report-shows-inventory-slump/) - (Bloomberg) -- Oil gained after a U.S. industry report showed another decline in inventories of crude and gasoline, signaling a tightening market. Global benchmark Brent rose above $74, while West Texas Intermediate advanced for a fourth day. The industry-funded American Petroleum Institute reported nationwide crude stockpiles fell 5.44 million barrels last week, according to people - [Santos and ANPM Sign MOU to Progress Timor Sea CCS](https://coastalflow.com/santos-and-anpm-sign-mou-to-progress-timor-sea-ccs/) - Santos has announced that it has signed a Memorandum of Understanding (MOU) with the Timor-Leste regulator Autoridade Nacional do Petróleo e Minerais (ANPM) to progress Carbon Capture and Storage (CCS) at Bayu-Undan in the Timor Sea. The MOU is said to detail the areas the Bayu-Undan joint venture and the ANPM, with the support of - [Oil Steady In Wake of Hurricane Nicholas](https://coastalflow.com/oil-steady-in-wake-of-hurricane-nicholas/) - Oil ended the session little changed as investors tracked U.S. dollar movements and concerns faded around Hurricane Nicholas’ threat to crude supply in the U.S. Gulf of Mexico. Futures in New York erased nearly all gains, yet still managed to close at the highest since early August on Tuesday. The dollar advanced, reducing the appeal - [DOE Awards SPR Oil Sale Contracts](https://coastalflow.com/doe-awards-spr-oil-sale-contracts/) - The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management has revealed that contracts have been awarded from a recent congressionally mandated Strategic Petroleum Reserve (SPR) crude oil sale. A total of 15 companies responded and 104 bids were submitted for evaluation, following a notice of sale of up to 20 million barrels of - [New Quorum SCADA Capabilities Ideal for FLOWCAL and Coastal Flow Users](https://coastalflow.com/new-quorum-scada-capabilities-ideal-for-flowcal-and-coastal-flow-users/) - With the acquisition of Coastal Flow in 2019, we saw an opportunity to expand Quorum SCADA to better serve the needs of Measurement specialists. This included expanding the variety of data we collect from field devices to include alarm and event readings stored on RTUs, e.g., when a meter was re-configured or when an orifice - [Aker Solutions Wins Large ConocoPhillips Deal](https://coastalflow.com/aker-solutions-wins-large-conocophillips-deal/) - Aker Solutions has announced that it has been awarded a “large” topside modification contract by ConocoPhillips Skandinavia AS for Tommeliten Alpha, offshore Norway. The workscope of the deal includes engineering, procurement, construction and installation (EPCI) for topside modifications on some Ekofisk installations to tie-back and integrate the Tommeliten Alpha field development to the existing infrastructure, - [Adnoc Drilling to Raise $750MM From Abu Dhabi IPO](https://coastalflow.com/adnoc-drilling-to-raise-750mm-from-abu-dhabi-ipo/) - (Bloomberg) -- Abu Dhabi National Oil Co. is seeking to raise about $750 million from its drilling unit’s IPO, in what would rank among one of the largest share sales in the United Arab Emirates. Adnoc Drilling set the price for its listing at 2.30 dirhams per share, implying an equity value of $10 billion, - [Oil Finishes on a Six Week High](https://coastalflow.com/oil-finishes-on-a-six-week-high/) - Oil closed above $70 a barrel for the first time in nearly six weeks as another heavy storm heads to the U.S. Gulf of Mexico, while producers are still reeling from Hurricane Ida. Futures in New York settled 1.1% higher. Tropical Storm Nicholas, which may reach hurricane strength before it makes landfall, is expected to - [Shell Readies Gulf Pipeline Restarts](https://coastalflow.com/shell-readies-gulf-pipeline-restarts/) - (Bloomberg) -- Royal Dutch Shell Plc is gearing up to restart oil pipelines off the U.S. Gulf Coast, potentially moving the region’s top driller one step closer to restoring some production shut by Hurricane Ida. Most of the pipelines will be ready to operate within a week, according to a person familiar with the - [The Digital Journey](https://coastalflow.com/the-digital-journey/) - Introduction to the Oil & Gas Digital Journey Every organization is on a digital journey. The ultimate goal is not the destination, but rather an ongoing transformation where every decision helps propel you towards becoming a more digital business. Oil and gas is at the center of this digital transformation. Companies of all sizes are - [Expert Gives Hurricane Affected Asset Warning](https://coastalflow.com/expert-gives-hurricane-affected-asset-warning/) - (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author) In this week’s preview of what to watch in oil and gas markets, Rigzone’s regular energy prognosticators look at the recovery in the Gulf of Mexico following Hurricane Ida, - [Oil Up for Third Week as USA Refinery Restarts Outpace Production](https://coastalflow.com/oil-up-for-third-week-as-usa-refinery-restarts-outpace-production/) - Oil gained a third week as investors focused on the ongoing production shut-ins in the U.S. Gulf of Mexico as more refineries have resumed operations nearly two weeks after Hurricane Ida tore through the region. Futures in New York posted its longest set of weekly gains since July after ending Friday 2.3% higher. More than - [Noble Declares Force Majeure On Drillship and More](https://coastalflow.com/noble-declares-force-majeure-on-drillship-and-more/) - Here are some of Rigzone’s top stories during the last week, just in case you missed them… Noble Declares Force Majeure On Drillship Damaged By Hurricane Ida Noble Corporation has given a force majeure notice to the customer of the Noble Globetrotter II ultra-deepwater drillship due to sustained damages during Hurricane Ida. Read full article - [Oil Companies Donate to Ida Relief Efforts](https://coastalflow.com/oil-companies-donate-to-ida-relief-efforts/) - Chevron Corporation (NYSE: CVX), BP (NYSE: BP) and Phillips 66 (NYSE: PSX) have revealed that they are donating funds to support relief efforts following Hurricane Ida. Chevron announced that it is making a commitment of $3 million to support relief and recovery efforts underway in the communities affected by the storm, with the American Red - [3 Ways Company Culture Can Block Your Digital Transformation](https://coastalflow.com/3-ways-company-culture-can-block-your-digital-transformation/) - At Quorum’s annual customer conference, PwC hosted a panel discussion on how exploration and production companies can make better use of field data to drive operational decisions. The audience was a mix of business and technology leaders at E&P companies from across the United States and Canada. Panel members included Robert Stephens from PwC, Greg - [Simplify Measurement with FLOWCAL by Quorum | Blog](https://coastalflow.com/simplify-measurement-with-flowcal-by-quorum-blog/) - Today I would like to discuss how FLOWCAL continues its drive to simplify measurement processes with the release of the 10.3 version. FLOWCAL is the most robust hydrocarbon measurement app in the business. At the heart of its robustness is its ability to streamline processes due to decades of development, deep industry knowledge, and the - [EnergyIQ & the OSDU Data Platform Mercury Release](https://coastalflow.com/energyiq-the-osdu-data-platform-mercury-release/) - March 24 is an exciting day for many technologists in the energy space. It marks the Mercury release of the OSDU Data Platform. It is exciting not only for the promise of the technology and vision as laid out by the Open Group OSDU Forum but also for the significant industry collaboration that went into - [Close Process of the Future | Blog](https://coastalflow.com/close-process-of-the-future-blog/) - Brian Sowell, Product Director, Quorum Measurement In my 20 year career with Quorum, I have been solely focused on designing, implementing, and supporting measurement systems across North America. Every project I have been involved with always has had challenges centered on the ability of two departments to effectively share important information. These two departments, measurement - [ANALYZEit Gas Measurement Software for Sampling & Analysis](https://coastalflow.com/analyzeit-gas-measurement-software-for-sampling-analysis/) - Sampling and analysis are critical in achieving reliable gas measurement, but gaps in processes and systems create the risk of introducing outdated or inaccurate analysis to the data. Valid gas quality assignments ensure a true representation of the value and quality of the product being exchanged. Since failure to properly account for gas quality can - [Does your land software have what it takes?](https://coastalflow.com/does-your-land-software-have-what-it-takes/) - Whatever your land profession may be (Landman, VP of Land, etc.), a key focus area is efficiency. You want to work smarter not harder and your tools should support your workflows to optimize your operations. If your software is outdated and not purpose built for land management, it may be slowing you down and putting - [Top 5 from NAPE Summit: Live Interviews | Blog](https://coastalflow.com/top-5-from-nape-summit-live-interviews-blog/) - NAPE Summit returned to Houston, but with a slightly different feel for its 2021 event. There was a quiet excitement in the exhibit hall to be back in person, reconnecting with our customers, partners, and peers, and making new connections across the energy industry. We turned to LinkedIn Live to share the excitement in real-time, - [Quorum Software Acquires OGsys](https://coastalflow.com/quorum-software-acquires-ogsys/) - Leader in Digital Transformation for Oil and Gas Bolsters Solution Portfolio with Acquisition of Leading Oil and Gas Accounting Software for Small and Medium-Sized Businesses HOUSTON, August 21, 2019 – Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, announced today that it has - [Bringing Petroleum Measurements into the 21st Century](https://coastalflow.com/bringing-petroleum-measurements-into-the-21st-century/) - The oil and gas industry has changed a great deal over the past 50 years, thanks in large part to a wide array of technology and process advances that revolutionized how petroleum is found, produced, transported and refined. The industry has made vast improvements in its physical property databases, calculation procedures, and determination of density - [Titan Rock Selects Quorum for Upstream Solutions](https://coastalflow.com/titan-rock-selects-quorum-for-upstream-solutions/) - Cloud-based oil and gas software addresses the private equity-backed company’s current and future needs for cost efficiency and scalability HOUSTON, August 14,2019 - Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, today announced that Titan Rock Exploration & Production, LLC (“Titan Rock”), a private equity-backed upstream company based in - [Save the Date for Qnections LIVE 2021: 3 Reasons to Attend](https://coastalflow.com/save-the-date-for-qnections-live-2021-3-reasons-to-attend/) - Quorum Software is excited to announce the dates for Qnections LIVE 2021! Join us July 13-15 for our next annual customer conference, online and free to attend. Registration for Qnections LIVE 2021 will open late spring, but in the meantime, here is a sneak peek into what we’re planning with three reasons why you should - [Quorum Software Acquires Archeio Technologies](https://coastalflow.com/quorum-software-acquires-archeio-technologies/) - Leader in Digital Transformation for Oil and Gas Enhances Solution Portfolio to Accelerate Digitization and Drive Operational Efficiency HOUSTON, June 19, 2019 – Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, announced today that it has acquired Dallas-based Archeio Technologies, the leading provider - [TESTit 3.13 New Features](https://coastalflow.com/testit-3-13-new-features/) - Over the last decade, a growing focus has been placed on automating processes to operate more efficiently and effectively with fewer resources. For many roles, that may involve expanding responsibilities across departments. Still, more commonly, the initiative is identifying opportunities where routine and manual tasks can be managed by implementing or better utilizing existing systems - [Quorum Software Completes Acquisition of Coastal Flow Measurement, Inc. and Flow-Cal, Inc.](https://coastalflow.com/quorum-software-completes-acquisition-of-coastal-flow-measurement-inc-and-flow-cal-inc/) - Transaction Enhances Software and Services Portfolio with the Industry Standard in Hydrocarbon Measurement Data Management HOUSTON, March 19, 2019 – Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, today announced that it has completed the acquisition of Houston-based Coastal Flow Measurement, Inc. (Coastal Flow), a family of energy measurement - [Q2 Partner Summary](https://coastalflow.com/q2-partner-summary/) - This year has brought a resurgence back to our industry after the pandemic and negative oil prices a little over a year ago brought a heightened level of uncertainty. With per barrel prices exceeding $70 and a significant reappearance of M&A activity throughout the first quarter and continuing in Q2, we’re settling back into what - [Quorum Software Acquires Coastal Flow Measurement and Flow-Cal](https://coastalflow.com/quorum-software-acquires-coastal-flow-measurement-and-flow-cal/) - Leader in Digital Transformation for Oil and Gas Enhances Software and Services Portfolio with Acquisition of the Industry Standard in Hydrocarbon Measurement Data Management HOUSTON, February 26, 2019 – Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, today announced that it has entered - [What Has the Quorum Pipeline Team Done for You Lately?](https://coastalflow.com/what-has-the-quorum-pipeline-team-done-for-you-lately/) - If you attended Qnections 2019, then you got the chance to see how customer recommendations drove enhancements to your Quorum pipeline software solution. The Quorum team shared all the improvements made to myQuorum Pipeline Management over the last year. Not only did they demonstrate how the user experience has gotten even better, but customers could - [Quorum Wins Two Product of the Year Awards from Oil & Gas Engineering](https://coastalflow.com/quorum-wins-two-product-of-the-year-awards-from-oil-gas-engineering/) - Petroleum Engineering Community Chooses Quorum’s Reserves & Economics and Well Lifecycle Reporting Software as Top Products of 2018 HOUSTON, Dec. 13, 2018 – Quorum Software, the leader in digital transformation for the oil and gas industry, has announced that two of its products have received the 2018 Product of the Year Award by Oil - [3 Ways Software Can Accelerate Your Shift to Cash Flow Operations](https://coastalflow.com/3-ways-software-can-accelerate-your-shift-to-cash-flow-operations/) - Gone are the days of growth with no consideration for cost and profit. E&P companies that prioritize unconstrained growth have fallen out of favor with investors. Instead, many private equity (PE) firms want sustainable growth -- and returns -- with investment horizons extending beyond 3-5 years. But PE backers aren’t the only one wanting returns; - [Quorum Software Appoints Gene Austin as President and CEO](https://coastalflow.com/quorum-software-appoints-gene-austin-as-president-and-ceo/) - Software Industry Veteran to Lead Next Stage of Quorum’s Growth HOUSTON Dec 11, 2018 – Quorum Software, the leader in digital transformation for the oil and gas industry, today announced the appointment of Gene Austin as President and Chief Executive Officer. Austin has over 30 years of experience in leading both private and public software and - [3 Ways to Drive Drilling & Completion Performance](https://coastalflow.com/3-ways-to-drive-drilling-completion-performance/) - E&P Operators are using well lifecycle reporting applications, like WellEz on Demand, to optimize their operations. Here are 3 ways that companies have been able to reduce drilling & completion costs and drive operational performance. 1. Pad Drilling: Tracking Phases to Reduce Rig Days When operators talk about drilling efficiency they are often referring - [Quorum Software Releases myQuorum Data Hub to Maximize the Value of Data for Energy Companies](https://coastalflow.com/quorum-software-releases-myquorum-data-hub-to-maximize-the-value-of-data-for-energy-companies/) - Quorum will feature the new data-as-a-service offering at booth #635 at SPE ATCE HOUSTON, Sept. 12, 2018 – Quorum Software, the leader in digital transformation for the oil and gas industry, has launched its next technology evolution with myQuorum Data Hub, a platform extension, which helps companies realize the strategic value of their most critical - [Quorum Software Ranks #1 at NAPE Summit](https://coastalflow.com/quorum-software-ranks-1-at-nape-summit/) - For a conference that promotes being the place “where deals happen,” the annual NAPE Summit did not disappoint. Oil and Gas Investor magazine referred to this year’s NAPE as a “return to form after two years of industry gloom.” Speaking of a return, it was one for the record books for Quorum as the software - [Quorum Software Continues Growth, Strengthens Presence in Denver](https://coastalflow.com/quorum-software-continues-growth-strengthens-presence-in-denver/) - Leading Houston-based Software Provider for Oil and Gas Industry Opens Regional Office in Denver HOUSTON, August 28, 2018 — Quorum Software, the leader in digital transformation for the oil and gas industry, today announced it will open a new regional office in Denver, Colorado. With more than 30 customers in the Denver area, Quorum’s new - [5 Well Lifecycle Reporting Questions You Can Automate](https://coastalflow.com/5-well-lifecycle-reporting-questions-you-can-automate/) - WellEz On Demand drives a daily well lifecycle reporting process that ensures data quality, accuracy, and timeliness of every project. E&P companies use our automated reporting to distribute the right information to the right people for fast, data-driven decision making. Here are the Who, What, When, Where, and How of well lifecycle reporting automation. Who, - [Three Span Oil & Gas Elevates its Obligation Management with myQuorum Land On Demand](https://coastalflow.com/three-span-oil-gas-elevates-its-obligation-management-with-myquorum-land-on-demand/) - E&P Company Chooses Quorum Based on User Experience of myQuorum Platform HOUSTON, August 22, 2018 — Quorum Software, the leader in digital transformation for the oil and gas industry and the market leader for land management, recently announced Three Span Oil & Gas, a small, independent oil and gas exploration and production company out of - [Anytime, Anywhere Support for Drilling and Completion Operations](https://coastalflow.com/anytime-anywhere-support-for-drilling-and-completion-operations/) - The oil and gas industry never sleeps, and in an industry where work is happening 24x7, vendors have to provide round-the-clock services to match. When issues arise in the field, operations can’t wait for support call centers to open and troubleshoot the issue. Consider night-shift personnel on a drilling rig; they may never be awake - [Thoma Bravo to Acquire Quorum Software](https://coastalflow.com/thoma-bravo-to-acquire-quorum-software/) - Partnership to Accelerate Quorum’s Strategic Growth Initiatives SAN FRANCISCO AND HOUSTON, August 13, 2018 – Thoma Bravo, LLC, a leading private equity investment firm, today announced that it has agreed to acquire Quorum Software (“Quorum” or “the Company”), the leader in digital transformation for the oil and gas industry, from Silver Lake. The transaction is expected - [Four Ways to Use Qnections 2018 to Boost Your Career](https://coastalflow.com/four-ways-to-use-qnections-2018-to-boost-your-career/) - How are those 2018 goals coming along? We’re just over a week into the new year, but like life coach Tony Robbins shared, “80% of people give up on their New Year’s resolutions by the second week of February!” According to Robbins, the most common culprit of resolution breakdown is failing to be crystal clear - [Quorum Software Recognized as a 2018 HFS Hot Vendor by Top Global Research Firm](https://coastalflow.com/quorum-software-recognized-as-a-2018-hfs-hot-vendor-by-top-global-research-firm/) - According to HFS, ‘Quorum is a rather compelling case of a transformation that many service provers are trying to emulate.’ HOUSTON, July 31, 2018 – Quorum Software, the leader in digital transformation for the oil and gas industry, today announced it has been named a Hot Vendor by the global research firm, HFS Research. - [How to Implement Well Lifecycle Reporting in 5 Steps](https://coastalflow.com/how-to-implement-well-lifecycle-reporting-in-5-steps/) - Implementing a well lifecycle reporting system is possible to do in five steps. So why do so many E&P operators resist taking the first step? Before we explore the simple process of how to implement well lifecycle reporting, let’s address the obstacles that get in the way. E&P operators are hesitant to change well lifecycle - [Tap Rock Resources Improves Mapping and Reporting Capabilities with myQuorum Land On Demand](https://coastalflow.com/tap-rock-resources-improves-mapping-and-reporting-capabilities-with-myquorum-land-on-demand/) - HOUSTON, June 14, 2018 – Quorum Software, the leader in digital transformation for the oil and gas industry and the market leader for land management, announced that Tap Rock Resources, a portfolio company of Natural Gas Partners, has added myQuorum Land On Demand to its software portfolio. The company values the software’s mapping and reporting - [Three Lessons from the Digital Transformation in 2017](https://coastalflow.com/three-lessons-from-the-digital-transformation-in-2017/) - The energy industry is constantly evolving, and at Quorum, we make it our mission to stay at the forefront of technology, offering cutting-edge solutions to improve operational efficiency for our customers. In 2017, we laid the foundation for a successful 2018 by partnering with Microsoft, launching our latest innovation, myQuorum Design Studio, revealing our take - [Quorum Software Announces myQuorum Platform Spring 2018 Update](https://coastalflow.com/quorum-software-announces-myquorum-platform-spring-2018-update/) - The oil and gas industry’s leading cloud-based software platform enables advanced personalization, OpenID Connect, integrated application performance management, and greater performance and agility HOUSTON, Texas, June 6, 2018 - Quorum Software, the leader in digital transformation for the oil and gas industry, has announced the release of the myQuorum Platform spring 2018 update. Continuing Quorum - [2017 AICPA Oil & Gas Conference: Regulations and Robotics](https://coastalflow.com/2017-aicpa-oil-gas-conference-regulations-and-robotics/) - The 2017 AICPA Oil & Gas Conference is shaping up to be an event to remember with record-breaking attendance, snow, networking, and sessions. If you couldn’t make it to Denver, here’s what’s trending with the world’s largest membership organization for accountants. Clarity of oil and gas regulations The theme of this year’s conference, Clarity for - [Quorum Continues Rapid Growth and Expansion in Canada, Appoints Three New Executives](https://coastalflow.com/quorum-continues-rapid-growth-and-expansion-in-canada-appoints-three-new-executives/) - New Quorum Executive Leadership Positioned to Advance Expansion of Oil and Gas Solutions and Services for the Canadian Market CALGARY, May 29, 2018 – Quorum Software, the leader in digital transformation for the oil and gas industry, has hired or promoted three new executives to its Canadian Business Unit. The move comes as the company - [The Modern Energy Workplace Launch at the Microsoft Technology Center](https://coastalflow.com/the-modern-energy-workplace-launch-at-the-microsoft-technology-center/) - This October, we revealed the latest evolution in operational efficiency for oil and gas. If you haven’t seen our news already, the Modern Energy Workplace has arrived, and judging by the reaction we got from the crowd during our launch event in Houston last week, it’s going to take the energy industry by storm. After - [WellEz Wins More Customers and Market Share Under Quorum Software](https://coastalflow.com/wellez-wins-more-customers-and-market-share-under-quorum-software/) - Six months post-acquisition, the cloud-based well lifecycle reporting system experiences a boost in customer adoption and satisfaction. HOUSTON, May 23, 2018 – Quorum Software, the leader in digital transformation for the oil and gas industry, announced record-high adoption rates for its newly acquired well lifecycle reporting software, WellEz On Demand. The cloud-based reporting solution experienced - [Keep Up or Get Left Behind: Why Energy Companies Should Adopt the Modern Energy Workplace](https://coastalflow.com/keep-up-or-get-left-behind-why-energy-companies-should-adopt-the-modern-energy-workplace/) - According to the World Economic Forum, “[Over the next decade,] digitalization has the potential to create around $1 trillion of value for Oil and Gas firms.” When you say it aloud, “$1 trillion” sounds incomprehensible and “creating value” seems like a nice-to-have addition to your home – like sunrooms or granite countertops – but let’s - [Quorum to Acquire Canadian Software Company Entero](https://coastalflow.com/quorum-to-acquire-canadian-software-company-entero/) - Expands Portfolio to Cover More of the Energy Value Chain Than Any Other Oil & Gas Software Provider CALGARY, April 05, 2018 – Quorum Software, the leader in digital transformation for the oil and gas industry, announced today that it has entered into a definitive agreement to acquire Calgary-based Entero Corporation, a trusted leader - [4 Trends Leading the Future of Oil and Gas](https://coastalflow.com/4-trends-leading-the-future-of-oil-and-gas/) - Last week, Quorum attended the IoT in Oil and Gas conference in Houston to discuss the current connectedness of the oil and gas industry and to explore the next phase of technological innovations that will drive business in the years ahead. I had the pleasure of attending the full conference, and while the two-day event - [Quorum Builds Direct Import from KAPPA to Streamline Workflows for Engineers](https://coastalflow.com/quorum-builds-direct-import-from-kappa-to-streamline-workflows-for-engineers/) - Quorum MOSAIC reserves and economics software now features a first-of-its-kind connection for KAPPA Citrine field performance analysis software. CALGARY, July 23, 2018 – Quorum Software, the leader in digital transformation for the oil and gas industry, announced new functionality in MOSAIC™, an all-in-one reserves management, economics, budgeting, capital planning, and decline analysis application. The latest - [Three Ways Women in Energy are Taking 2018 by Storm](https://coastalflow.com/three-ways-women-in-energy-are-taking-2018-by-storm/) - The year isn’t even a fourth of the way through, and women have already left a monumental mark on 2018. Major highlights include: twice as many women running for Congress (compared with 2016); Team USA’s women athletes winning more medals than the men (and with more men than women on the team, too); and most - [Quorum Software Accelerates Compliance with FERC-Approved NAESB 3.2 Standards to Protect U.S. Pipelines](https://coastalflow.com/quorum-software-accelerates-compliance-with-ferc-approved-naesb-3-2-standards-to-protect-u-s-pipelines/) - Latest release of pipeline management software meets new standards, including cybersecurity-related guidance sponsored by the Department of Energy HOUSTON, August 11, 2021 – Quorum Software (Quorum), the global software leader dedicated to the energy industry, today announced the latest release of its myQuorum Pipeline Management software meets the North American Energy Standards Board (NAESB) 3.2 standards - [Innovating for the Canadian Oil & Gas Market](https://coastalflow.com/innovating-for-the-canadian-oil-gas-market/) - I’ve been at Quorum for 12 years. Over all of this time, over all the highs and lows, the changes and developments that the industry has undergone, Canada has emerged as one of the most exciting opportunities of my career. I’ve been in Canada for about 6 months now, and the evolution of Quorum’s software - [Quorum Launches New Partner Program to Build a Powerful Ecosystem that Advances the Modern Energy Workplace](https://coastalflow.com/quorum-launches-new-partner-program-to-build-a-powerful-ecosystem-that-advances-the-modern-energy-workplace/) - Leading Software Provider for Oil and Gas Industry Partners with Industry Leaders HOUSTON, April 4, 2018 – Quorum Software, the leader in digital transformation for the oil and gas industry, launched the Quorum Partner Program this week at its user conference, Qnections. The Quorum Partner Program consists of three distinct programs: Alliances, Resellers and Developers. - [Three Takeaways from the CWC LNG Americas Summit](https://coastalflow.com/three-takeaways-from-the-cwc-lng-americas-summit/) - The 15th World LNG & Gas Americas Summit was an amazing event that brought together over 200 people from all around the world. There were great insights, extensive collaboration, and lots of networking that occurred in the classes, the sessions, and the Summit events. All the information was interesting and helpful, and it was obvious - [Quorum’s SaaS Land On Demand Software a Huge Hit in the Market](https://coastalflow.com/quorums-saas-land-on-demand-software-a-huge-hit-in-the-market/) - Nine Months After its Launch, Quorum’s Cloud-based Land Management Solution Delivers Speed, Savings and Customer Satisfaction Quorum Software, the leader in digital transformation for the oil and gas industry and the market leader for land management, announced record-high adoption and deployment rates for its cloud-based myQuorum Land On Demand software. With 18 of the top - [Quorum and Microsoft: Driving Digital Transformation for the Energy Industry](https://coastalflow.com/quorum-and-microsoft-driving-digital-transformation-for-the-energy-industry/) - This week, Quorum joined long-term partner, Microsoft, at InfoComm 2017, to tell the story of how we are reimagining the possibilities of oil and gas and leading the digital transformation for the energy industry with our software platform. I was fortunate enough to join Microsoft on a panel at the event where they unveiled a - [Quorum Announces Three Female Executives in Leadership Roles](https://coastalflow.com/quorum-announces-three-female-executives-in-leadership-roles/) - Oil and Gas Software Company Promotes Women to Lead the Digital Transformation of the Energy Industry HOUSTON, March 7, 2018 – Quorum Software, the leader in digital transformation for the oil and gas industry, recently announced the promotion of three of its female employees in executive leadership roles. In time for International Women’s Day on - [Top 3 Oil & Gas Accounting Trends from NAPAC 2017](https://coastalflow.com/top-3-oil-gas-accounting-trends-from-napac-2017/) - That’s a wrap for NAPAC 2017. We’d like to thank all the familiar and new faces who stopped by the Quorum booth and used our mobile charging station throughout the event. Your enthusiasm for Quorum and our software is why we attend these events – thank you! What’s Trending in Oil & Gas Accounting NAPAC - [BHP Approves $544MM for Gulf of Mexico Project](https://coastalflow.com/bhp-approves-544mm-for-gulf-of-mexico-project/) - The BHP board has announced that it has approved $544 million in capital expenditure to execute the Shenzi North oil project in the U.S. Gulf of Mexico. The project offers “very attractive” returns at a nominal IRR of over 35 percent, a breakeven of approximately $25 per barrel and a payback of less than two - [Quorum Showcases Upstream Oil and Gas Software at 2018 NAPE Summit](https://coastalflow.com/quorum-showcases-upstream-oil-and-gas-software-at-2018-nape-summit/) - The Industry-leading Energy Software Company Will Exhibit at the 25th Annual NAPE Summit This Week Houston – February 5, 2018 -- Quorum Software, the leader in digital transformation for the oil and gas industry, has announced its participation in the NAPE Summit February 5-9, 2018, featuring software from its integrated suite for upstream oil and - [McDermott Joins Texas Project](https://coastalflow.com/mcdermott-joins-texas-project/) - McDermott International, Ltd has announced that it has joined a consortium of public, private and academic partners collaborating on the U.S. Department of Energy (DOE) project - Demonstration and Framework for H2@Scale in Texas and Beyond. The company said its participation will add additional expertise to the team’s capabilities in the delivery of integrated energy - [Use Clear Communication to Improve LNG Operations](https://coastalflow.com/use-clear-communication-to-improve-lng-operations/) - Are you an operator who wants to communicate with your shipper in real time? Maybe you are a shipper who needs to receive confirmations more quickly. Perhaps you are a vessel operator who needs access to your vessel compatibility and acceptance information at your fingertips. Whatever your role, communication is a crucial part of the - [BofA Says Aramco Dividend Is Not Enough](https://coastalflow.com/bofa-says-aramco-dividend-is-not-enough/) - (Bloomberg) -- Saudi Aramco’s annual dividend of $75 billion is already the world’s biggest, but the oil producer may have to raise it to follow peers, according to Bank of America. “A dividend increase is needed to stay competitive,” BofA analysts led by Karen Kostanian said in a research note, ahead of the company’s second-quarter - [Devon and Conoco Study Shell Permian Assets and More](https://coastalflow.com/devon-and-conoco-study-shell-permian-assets-and-more/) - Here are some of Rigzone’s top stories during the last week, just in case you missed them… Devon and Conoco Study $10B Shell Permian Assets Bloomberg reported that, according to people familiar with the matter, Devon Energy Corp. and ConocoPhillips were among potential suitors studying Shell’s portfolio of Permian Basin oil fields. Read full article - [Era of Cheap Natural Gas Ends](https://coastalflow.com/era-of-cheap-natural-gas-ends/) - (Bloomberg) -- The era of cheap natural gas is over, giving way to an age of far more costly energy that will create ripple effects across the global economy. Natural gas, used to generate electricity and heat homes, was abundant and cheap during much of the last decade amid a boom in supply from the - [Arcadia Operating Deploys myQuorum Software](https://coastalflow.com/arcadia-operating-deploys-myquorum-software/) - myQuorum Land On Demand Was Chosen to Meet the Needs of Growing Dallas-based Oil and Gas Company Houston – December 20, 2017 -- Quorum, the leader in digital transformation for the oil and gas industry, recently announced that Dallas-based oil and gas company Arcadia Operating is implementing the latest release of myQuorum Land On Demand - [Saudi Oil Challenged in Asia](https://coastalflow.com/saudi-oil-challenged-in-asia/) - (Bloomberg) -- Saudi Arabia’s move to push up the cost of its oil in Asia may backfire as an outbreak of the delta virus variant in China damps demand, while the U.S. and Russia offer more competitively priced alternatives. Saudi Aramco raised its Arab Medium and Heavy grades by 20 to 30 cents a barrel to the - [Quorum Showcases Digital Transformation | Quorum](https://coastalflow.com/quorum-showcases-digital-transformation-quorum/) - NAPE Summit is the world's largest upstream oil and gas networking event that brings together thousands of attendees and hundreds of exhibitors to conduct land deals, hear from industry experts, and view the latest technologies in the industry. With the persistent market downturn, E&P companies are looking for new ways to adapt and become profitable - [Oil Caps Worst Week in 10 Months](https://coastalflow.com/oil-caps-worst-week-in-10-months/) - (Bloomberg) -- Oil fell, capping the biggest weekly loss since October, as the spread of the delta coronavirus variant in China and elsewhere in the world is casting doubts on demand growth. West Texas Intermediate futures dropped 1.2% Friday and 7.7% for the week. The dollar rose following a better-than-expected U.S. jobs report, weakening the - [Understanding Cloud and SaaS Growth in the Oil & Gas Industry](https://coastalflow.com/understanding-cloud-and-saas-growth-in-the-oil-gas-industry/) - The term “cloud computing” rose to popularity around 2006 as it was adopted by large tech companies such as Google and Amazon. However, it is still an often misunderstood term that encompasses many different service offerings and IT environments. Since the creation of WellEz in 2000, the hosted Software-as-a-Service solution has brought the cost and - [Introducing the Quorum Channel Partner Program](https://coastalflow.com/introducing-the-quorum-channel-partner-program-2/) - We’ve said it before, and we’ll say it again: Success revolves around an open strategy. Why? Simply put, an open strategy unlocks doors for us to connect our core products with companies that add additional value. Oil and gas software systems are most valuable when customers have a unified data source to work from, - [What’s Making Houston the Next Go-To City for Women-led Startups](https://coastalflow.com/whats-making-houston-the-next-go-to-city-for-women-led-startups/) - Tyson Greer (CTO, Quorum Software) presenting the Quorum Software Award to Emily Cloud (Founder, Cloud FR) When you think about hotspots for startup activity, what cities come to mind? Austin? San Francisco? Perhaps Seattle. Now try Houston. Houston is starting to make noise in the startup space. But not for just any startup. For women-led - [3 Ways Qnections Will Take Your Career to New Heights in 2019](https://coastalflow.com/3-ways-qnections-will-take-your-career-to-new-heights-in-2019/) - "An investment in knowledge always pays the best interest.” ―Benjamin Franklin With the holidays firmly behind us, we find ourselves once again taking stock of the past year, and looking to the year ahead to achieve our goals for the future. It’s time for making New Year’s resolutions folks! Did you know that professional growth - [Make the Right Deals Happen at NAPE 2019](https://coastalflow.com/make-the-right-deals-happen-at-nape-2019/) - It’s that time of year, NAPE Summit 2019. They say NAPE is where deals happen. But we want to fix that for you, NAPE is where the right deals happen. Because it isn’t enough to simply get a deal done. You need it to be the right deal in the context of your business strategy, financial obligations, capital accessibility, and paired appropriately with your risk profile. - [How to Manage by Exception with myQuorum Production Operations](https://coastalflow.com/how-to-manage-by-exception-with-myquorum-production-operations/) - Undoubtedly, each morning begins with a routine of checking key metrics to ensure well production is happening as planned. If you are a production engineer, this could include checking real-time monitoring for alarms or values outside of the norm. For production analysts, you could be reviewing the previous 24 hours of allocations data and verifying - [Qnections Part One: A Deep Dive into Technology, Transformation, and Tons of Fun](https://coastalflow.com/qnections-part-one-a-deep-dive-into-technology-transformation-and-tons-of-fun/) - The past 24 hours have been a rush! Qnections is officially on a roll and attendees are up for the game. Between the golf tournament at Bear’s Best Las Vegas, the Technology Expo, Quest for the Q, and all the engaging sessions; we’ve been working hard and playing harder. Our CMO even took the stage - [Top 3 Strategies for Sustainable Drilling & Completion Cost Reductions](https://coastalflow.com/top-3-strategies-for-sustainable-drilling-completion-cost-reductions/) - You cannot cut your way to prosperity Sustainable Cost Reductions [noun]: scalable and repeatable reductions in operating costs through increased operational efficiency. Put differently; you cannot cut your way to prosperity. Instead, operators must enhance their current data capture and reporting practices to drive efficiency in every phase of a well. In this blog, we highlight - [Simplifying the Life of a Landman](https://coastalflow.com/simplifying-the-life-of-a-landman/) - How would you describe the job of a Landman? Researching and defining the best project areas to lease. Working with brokers and contracting. Reviewing title and tracking all lease obligations. Working with Lease Analysts to execute and manage the leases. These are some of the tasks a Landman performs, depending on the size and type - [myQuorum + Office Help Drive Tailored Solutions](https://coastalflow.com/myquorum-office-help-drive-tailored-solutions/) - This post originally appeared on Microsoft’s Channel 9 blog. myQuorum + Office Help Drive Tailored Solutions for Oil & Gas Traditionally, vendors designed, developed, and deployed business software in silos, both functional and data. While for a time this created best-in-class products, these products have aged out and become point solutions that hinder cross-functional work - [Use Big Data to Boost Profitability for Oil and Gas](https://coastalflow.com/use-big-data-to-boost-profitability-for-oil-and-gas/) - Companies across industries are searching for ways to adapt to new business models and global market forces. While big data seems to be another tech trend, it holds real promise for companies that are investing in new digital technology and carefully planning for the future. The oil and gas industry has already started to adopt - [Israel Prepared to Attack in Iran](https://coastalflow.com/israel-prepared-to-attack-in-iran/) - (Bloomberg) -- Israel is prepared to attack Iran, Defense Minister Benny Gantz said, as his country lobbied for a response to a fatal drone attack on an Israeli-operated oil tanker that it blamed on the Islamic Republic. Asked in an interview broadcast on a local media website whether Israel is prepared to assault Iran, Gantz gave a - [Oil Rally Checked by Delta](https://coastalflow.com/oil-rally-checked-by-delta/) - (Bloomberg) -- Oil headed for the biggest weekly loss since March as the spread of the delta coronavirus variant cast doubt on the continued recovery in demand, particularly in the world’s biggest crude importer China. West Texas Intermediate, which traded above $69 a barrel on Friday, has shed 5.9% so far this week, the biggest - [White Rock Oil & Gas Implements myQuorum Land On Demand](https://coastalflow.com/white-rock-oil-gas-implements-myquorum-land-on-demand/) - Latest myQuorum Land On Demand Software Expands Cloud-Based Capabilities Houston – December 6, 2017 -- Quorum, the leader in digital transformation for the oil and gas industry, recently announced that White Rock Oil & Gas has successfully implemented the latest release of myQuorum Land On Demand software. White Rock’s previous land software did not provide - [Russia Second Among Foreign Oil Suppliers to USA](https://coastalflow.com/russia-second-among-foreign-oil-suppliers-to-usa/) - (Bloomberg) -- Russia is supplying more oil to the U.S. than any other foreign producer aside from Canada as American refiners scour the globe for gasoline-rich feedstocks to feed surging motor-fuel demand. U.S. imports of crude and refined petroleum products from its former Cold War adversary surged 23% in May to 844,000 barrels a day from the - [Simplify Land Management with myQuorum Land](https://coastalflow.com/simplify-land-management-with-myquorum-land/) - Thousands of oil and gas companies attended NAPE Summit 2017 in Houston, TX last month. The event featured oil and gas operators, service companies, and software vendors, but Quorum stole the show with the big reveal of myQuorum Land. Here’s why. Technology continues to advance, which means that software companies need to be innovative as - [Oil Up as Broad Market Rebound Offsets Delta Spread](https://coastalflow.com/oil-up-as-broad-market-rebound-offsets-delta-spread/) - (Bloomberg) -- Oil rose for the first time this week as traders weighed the continuing spread of the delta variant against strong equity markets. Futures in New York gained 1.4% on Thursday. The S&P 500 and Nasdaq 100 rose toward record highs, while the dollar slipped, making commodities that are priced in the currency more - [Petrobras Earnings Jump Triggers Upgrades](https://coastalflow.com/petrobras-earnings-jump-triggers-upgrades/) - (Bloomberg) -- Brazil’s state-controlled oil company saw its earnings surge in the second quarter, triggering upgrades and a rally in premarket trading. Petrobras slashed its debt load and announced early distribution of dividends thanks to the robust results. Credit Suisse Group AG and Scotiabank both upgraded shares to outperform. Its American depositary receipts were up - [Shale Drillers Leave $12B on Table](https://coastalflow.com/shale-drillers-leave-12b-on-table/) - (Bloomberg) -- Shale explorers are facing almost $12 billion in losses this year from bad bets on oil after a global rally, according to BloombergNEF. Of the 50 U.S. drillers surveyed by BNEF, Devon Energy Corp., Pioneer Natural Resources Co. and Diamondback Energy Inc. are on track to rack up the steepest losses, with more - [Evolutionary Versus Revolutionary Approach](https://coastalflow.com/evolutionary-versus-revolutionary-approach/) - Quorum promotes platform-based strategy advocating agility over disruption as the path for oil and gas companies to adopt software innovation in its latest whitepaper, along with report from Market Research Firm. HOUSTON, July 19, 2018 – Quorum Software, the leader in digital transformation for the oil and gas industry, has published the second whitepaper in - [Oil Slumps As Covid Infections Dampen Demand Recovery](https://coastalflow.com/oil-slumps-as-covid-infections-dampen-demand-recovery/) - (Bloomberg) -- Oil slumped in New York after a surprise increase in U.S. crude inventories added to renewed concerns about demand recovery as China battles the coronavirus resurgence. West Texas Intermediate futures tumbled 3.4% to close at the lowest in more than two weeks. The delta variant of Covid-19 has been detected in almost half - [Top 7 Highlights from NAPE Expo](https://coastalflow.com/top-7-highlights-from-nape-expo/) - Quorum returned to NAPE Summit 2017 with more to share than ever before. Our goal was to demonstrate the level of innovation that is happening in oil and gas software. We are bullish on the energy industry, and our software reflects it. Here are our top-seven highlights from NAPE Expo: 1. NAPE Summit 2017 Launchpad - [Covid Batters Leading Asia Importer](https://coastalflow.com/covid-batters-leading-asia-importer/) - (Bloomberg) -- Indonesia’s Covid-19 crisis is hammering gasoline demand in Southeast Asia’s leading economy, echoing a slump in India earlier this year. Strict curbs on travel amid a surge in virus cases are taking a toll on consumption, with gasoline and diesel usage plummeting during the initial phase of restrictions from July 3-25. Shipments of - [Subsea 7 Makes Floating Wind Acquisition](https://coastalflow.com/subsea-7-makes-floating-wind-acquisition/) - Subsea 7 has announced that it has entered into an agreement to acquire a majority interest in the equity of Nautilus Floating Solutions S.L., a developer of technology for the floating wind market based in Bilbao, Spain. The company said it will acquire a controlling interest of 59.12 percent in Nautilus and will assume four - [Rapid Iran Oil Comeback Now Looks Less Likely](https://coastalflow.com/rapid-iran-oil-comeback-now-looks-less-likely/) - (Bloomberg) -- Iran’s oil comeback, already taking longer than many traders expected, will be further complicated by last week’s deadly drone attack on a tanker in the Gulf of Oman, which the U.S., U.K. and Israel all blamed on Tehran. With talks held up by a change of presidency in Tehran, the incident adds friction to a - [Quorum Continues Growth, Appoints Four New Executives to Leadership Team](https://coastalflow.com/quorum-continues-growth-appoints-four-new-executives-to-leadership-team/) - New Quorum Executive Leadership Positioned to Advance myQuorum Vision Houston – November 29, 2017 -- Quorum, the leading software innovator for the energy industry, recently announced it has hired or promoted four new executives to its leadership team as it continues to advance the myQuorum vision. The four executives include: Kip Amedeo as vice president - [Oil Prices Extend Decline](https://coastalflow.com/oil-prices-extend-decline/) - (Bloomberg) -- Oil declined for a second day as the spread of Covid-19’s delta variant in China threatens to disrupt the recovery in global crude consumption. West Texas Intermediate futures ended Tuesday’s session down 1% at the lowest closing price in almost two weeks. Nearly half of China’s 32 provinces have been gripped by the latest - [Devon and Conoco Study $10B Shell Permian Assets](https://coastalflow.com/devon-and-conoco-study-10b-shell-permian-assets/) - (Bloomberg) -- Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, which could be worth as much as $10 billion in a sale, people familiar with the matter said. Chevron Corp. is also among companies considering bids for the assets, which are largely located - [Adnoc Sells Trial Cargo of Blue Ammonia to Itochu](https://coastalflow.com/adnoc-sells-trial-cargo-of-blue-ammonia-to-itochu/) - (Bloomberg) -- The United Arab Emirates agreed to sell its first cargo of blue ammonia as the oil producer aims to boost supply of cleaner fuels to buyers in Asia. State-owned Abu Dhabi National Oil Co. will send the ammonia to Japan’s Itochu Corp. for use in fertilizer production, Adnoc said in a statement, without - [BP Increases Buybacks and Dividend](https://coastalflow.com/bp-increases-buybacks-and-dividend/) - (Bloomberg) -- BP Plc followed its Big Oil peers by increasing dividends and share buybacks as higher crude prices boosted profit. The oil majors -- with the notable exception of Exxon Mobil Corp. -- are raising returns as they express confidence that the worst of the slump caused by the coronavirus pandemic is over. Their - [Quorum and PwC Canada collaborate on digital transformation for midstream companies.](https://coastalflow.com/quorum-and-pwc-canada-collaborate-on-digital-transformation-for-midstream-companies/) - New software and consulting will increase technology automation and efficiency for midstream companies. CALGARY, September 10, 2019 – PwC Canada, a leader in providing advisory services, and Quorum Software, the leader in digital transformation for the oil and gas industry, today announced the signing of a Joint Business Agreement. Quorum and PwC Canada are collaborating on - [New Mexico Oil Output Signals Modest Shale Recovery](https://coastalflow.com/new-mexico-oil-output-signals-modest-shale-recovery/) - (Bloomberg) -- New Mexico’s oil production surged to a record in May highlighting the Permian Basin’s role as the shale industry sees some recovery from the pandemic. The southwestern state produced about 4% more crude in the month to reach a record 1.22 million barrels a day, according to U.S. government data released Friday. It - [Delta Variant Causes Oil Prices To Tumble](https://coastalflow.com/delta-variant-causes-oil-prices-to-tumble/) - (Bloomberg) -- Oil tumbled by the most in two weeks as a fast-spreading delta variant posed a threat to demand and as economic data out of China signaled a slowdown. Futures in New York declined 3.6% on Monday. The virus is clouding the outlook for consumption as China faced a fresh outbreak and infections in - [Tellurian and Shell Finalize 10-Year LNG Deal](https://coastalflow.com/tellurian-and-shell-finalize-10-year-lng-deal/) - Tellurian Inc. (NASDAQ: TELL) has announced that it has finalized liquefied natural gas (LNG) sale and purchase agreements (SPAs) with Shell NA LNG. The company outlined that the SPAs are on a free on board basis at Driftwood LNG for a combination of three million tons per annum (Mtpa) for a ten year period, indexed - [USA Says Oil Tanker Was Targeted by Drones](https://coastalflow.com/usa-says-oil-tanker-was-targeted-by-drones/) - (Bloomberg) -- U.S. Navy experts believe a drone struck an oil tanker with links to an Israeli billionaire off Oman this week, the Associated Press reported, citing the American military. Two crew members -- a Romanian and a U.K. citizen -- were killed when the Mercer Street came under attack on Thursday, the first fatalities - [Quorum Introduces Document Management with myQuorum DynamicDocs](https://coastalflow.com/quorum-introduces-document-management-with-myquorum-dynamicdocs/) - Leader in Digital Transformation for Oil and Gas Adds Digitization Capabilities in myQuorum Platform to Advance Security, Agility and Compliance in Upstream Operations Quorum is releasing the webcast, “See the Value of Intelligent Document Classification and Search” where Camino Natural Resources will outline how DynamicDocs streamlined their acquisitions. HOUSTON, October 8, 2019 – Quorum Software - [USA Vehicle Miles Quietly Eclipse Pre-Pandemic Levels](https://coastalflow.com/usa-vehicle-miles-quietly-eclipse-pre-pandemic-levels/) - (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) An informed market watcher highlighted a significant milestone in demand this week, which is all the more noteworthy considering the continuation of certain Covid-19 related restrictions. Read on for - [Quorum Production Management: End-to-end Data Capture, Operations Management](https://coastalflow.com/quorum-production-management-end-to-end-data-capture-operations-management/) - The challenging situation our industry has seen in recent years has certainly left us all feeling the pinch – fewer resources, smaller budgets, and never enough time. Speed and accuracy is ideal, but so many of the standard processes and collection of data have been manual for so long and require a lot of personnel. - [Eni Delivers Exceptional Results](https://coastalflow.com/eni-delivers-exceptional-results/) - Eni delivered exceptional results in the second quarter of the year. That’s what the company’s chief executive officer, Claudio Descalzi, said in Eni’s latest results statement, adding that the figures continue the upward trend of the last three quarters and beat market expectations across all of the company’s business segments. “With an improved macro backdrop - [Norway Activity Level Remains High Despite Covid](https://coastalflow.com/norway-activity-level-remains-high-despite-covid/) - The activity level on the Norwegian continental shelf (NCS) was high in the first six months of the year, despite the Covid-19 situation, the Norwegian Petroleum Directorate (NPD) has revealed. Several new discoveries have been made, production remained elevated, and many new development projects are on the drawing board, the NPD outlined. Up to June - [Chevron Revives Buyback of Up to $3B](https://coastalflow.com/chevron-revives-buyback-of-up-to-3b/) - (Bloomberg) -- Chevron Corp. is reviving share buybacks that were suspended more than a year ago, signaling confidence that strong cash flows from high commodity prices will be sustained well into the future. The repurchases will begin during the current quarter and range between $2 billion and $3 billion a year, around half the amount - [Merit Energy Company Moves Gas Gathering Workflows to the Quorum Software Cloud](https://coastalflow.com/merit-energy-company-moves-gas-gathering-workflows-to-the-quorum-software-cloud/) - Oil and gas operator increases productivity and efficiency by moving its myQuorum TIPS gas gathering processes to the cloud HOUSTON, April 13, 2021 – Quorum Software (“Quorum”), a world leader in digital transformation for the energy industry, today announced that Merit Energy Company (“Merit”) has successfully transitioned its gathering assets to myQuorum TIPS in the - [The Future of Oil & Gas Business Software is Here](https://coastalflow.com/the-future-of-oil-gas-business-software-is-here/) - Quorum Business Solutions continues to push technology to new levels, providing robust oil and gas software solutions that can adjust as our users need them. While others talk about ‘the future’ and their plans to integrate products, we put this ‘future’ on display in its fully operational form and already deployed to several customers. Called - [TotalEnergies and Apache Corp Make Oil Find](https://coastalflow.com/totalenergies-and-apache-corp-make-oil-find/) - TotalEnergies (NYSE: TTE) and Apache Corporation (NASDAQ: APA) have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname, TotalEnergies has revealed. Sapakara South-1 encountered 98 feet of net oil pay in a good quality Campano-Maastrichtian reservoir, according to TotalEnergies. The find, which was drilled in a water depth of around - [KCA Deutag Creates New Business Unit](https://coastalflow.com/kca-deutag-creates-new-business-unit/) - KCA Deutag has announced the creation of a new business unit named Kenera, which it says will expand the company’s offering in both the hydrocarbons and energy transition markets. The new business unit will consolidate and leverage the skills, competencies, and experience of the existing group with the Bentec and RDS businesses to create scale - [Who Wins and Loses from Commodity Price Surge?](https://coastalflow.com/who-wins-and-loses-from-commodity-price-surge/) - (Bloomberg) -- The world’s recovery from the coronavirus pandemic has sent prices for energy, metals and food soaring, helping big commodity exporters while hammering those nations that buy the bulk of their raw materials from others. Commodities as a whole have risen more than 20% this year, and around 50% in the case of crude - [Shell and Chevron Sanction GOM Project and More](https://coastalflow.com/shell-and-chevron-sanction-gom-project-and-more/) - Here are some of Rigzone’s top stories during the last week, just in case you missed them… Shell and Chevron Sanction GOM Deepwater Project Shell reported the final investment decision for Whale, a deepwater U.S. Gulf of Mexico (GOM) development. Shell Offshore Inc, which will operate Whale, holds a 60 percent interest in the project, - [Blue Racer Midstream, LLC Transitions Core Business Processes to the Cloud with Quorum Software](https://coastalflow.com/blue-racer-midstream-llc-transitions-core-business-processes-to-the-cloud-with-quorum-software/) - Full-service midstream company moves measurement, marketing and logistics workflows to the cloud for better business agility HOUSTON – March 31, 2021 – Quorum Software (Quorum), a world leader in digital transformation for the energy industry, announced today that Blue Racer Midstream, LLC "Blue Racer," a midstream company dedicated to providing producers with one stop for - [Customer Spotlight: Why Staghorn Chose to Automate Land Management](https://coastalflow.com/customer-spotlight-why-staghorn-chose-to-automate-land-management/) - In case you missed it, last week we launched the latest release of myQuorum Land On Demand – cloud-based software designed to save oil and gas companies time, money, and the headache of manual processes. This week, we had the opportunity to sit down with the first customer to go live on the newest version - [Oil Prices Rose and Completed Fourth Consecutive Monthly Gain on Friday](https://coastalflow.com/oil-prices-rose-and-completed-fourth-consecutive-monthly-gain-on-friday/) - Oil posted its fourth straight monthly gain as steady demand and tight supplies calmed concerns that a new wave of Covid-19 infections would cripple energy consumption. Futures in New York ended the week 2.6% higher. While cases of the virus’s delta variant have surged in recent weeks, mobility and other data point to strong demand - [TC Energy Corp Targets Military Site for New Project](https://coastalflow.com/tc-energy-corp-targets-military-site-for-new-project/) - (Bloomberg) -- The owner of Keystone Pipeline has struck a deal with Canada’s Department of National Defence to build Ontario’s biggest battery on military training grounds about 200 kilometers (125 miles) north of Toronto. TC Energy Corp. plans to build a 1,000-megawatt pumped-energy storage project on the 4th Canadian Division Training Centre’s property, TC Energy said Thursday - [Exxon Posts Highest Profit in More Than 2 Years](https://coastalflow.com/exxon-posts-highest-profit-in-more-than-2-years/) - (Bloomberg) -- Exxon Mobil Corp. posted the highest profit in two years as prices for commodities and chemicals surged amid strong consumer demand for plastics. Exxon posted adjusted earnings of $1.10 a share in the second-quarter, the highest in more than two years and above the 97-cent average estimated among analysts in a Bloomberg survey. - [Total and Equinor Are Said to Exit Venezuela Oil JV](https://coastalflow.com/total-and-equinor-are-said-to-exit-venezuela-oil-jv/) - TotalEnergies and Equinor are exiting a key venture in Venezuela, adding to an exodus of foreign firms in recent years as the country's energy industry has withered. #Total #Equinor #Exit #Venezuela #Oil - [Quorum Software Expands Relationship with The Open Group OSDU™ Forum](https://coastalflow.com/quorum-software-expands-relationship-with-the-open-group-osdu-forum/) - Participates in OSDU™ Data Platform Mercury Release HOUSTON – March 24, 2021 – Quorum Software (Quorum), a world leader in digital transformation for the energy industry, announced today it is expanding its relationship with The Open Group OSDU™ Forum and participating in the OSDU Data Platform Mercury Release. The OSDU strategy of liberating data, enabling - [Cashing in at Qnections – Land and Division Order](https://coastalflow.com/cashing-in-at-qnections-land-and-division-order/) - Qnections 2019 at the MGM Grand in Las Vegas was one for the books. The conference venue, attendance, atmosphere, and session content was incredible. However, the land management track was not the same as it was in previous years -- the structure was new, and the content more user-centric. We Combined Land and Division Order - [Oil Increases as Signs of Demand Strength Continues](https://coastalflow.com/oil-increases-as-signs-of-demand-strength-continues/) - Oil rose the most in a week as investors see strong demand growth that should continue to whittle down oil supplies following positive signals from broader markets. Futures in New York rose 1.7% on Thursday as equities climbed toward all-time highs. While U.S. gross domestic product growth missed forecasts in the second quarter, household spending - [Shell Hikes Dividend and Starts $2B Share Buyback](https://coastalflow.com/shell-hikes-dividend-and-starts-2b-share-buyback/) - (Bloomberg) -- Royal Dutch Shell Plc raised its dividend by almost 40% and said it will buy back $2 billion of shares, continuing an effort to win back investors as stronger oil prices and a buoyant chemicals market lifted earnings. The move comes more than a year after Shell slashed its dividend by two-thirds. Modest - [USA Refiners Miss Out on American Fuel Boom](https://coastalflow.com/usa-refiners-miss-out-on-american-fuel-boom/) - (Bloomberg) -- Americans are burning through gasoline and diesel like Covid-19 never happened, but U.S. fuel refiners aren’t cashing in as previously expected because of a confluence of headwinds. Refiners are struggling to source cheaper grades of oil and are instead resorting to more expensive imports. Some are paying record amounts to comply with the - [Haaland Accused of Defying USA Judge on Oil Leasing](https://coastalflow.com/haaland-accused-of-defying-usa-judge-on-oil-leasing/) - (Bloomberg) -- Six weeks after a federal judge ordered the Biden administration to resume selling oil and gas leases on federal land, there’s no sign it has and Interior Secretary Deb Haaland struggled Tuesday to explain why. “We are evaluating our options,” Haaland told the Senate Energy and Natural Resources Committee amid sharp criticism from - [Utah Gas Corp Implements FLOWCAL by Quorum Software to Improve Data Accuracy and Streamline Acquisition Integration](https://coastalflow.com/utah-gas-corp-implements-flowcal-by-quorum-software-to-improve-data-accuracy-and-streamline-acquisition-integration/) - Growing natural gas company achieves project milestone for measurement data management and regulatory compliance. HOUSTON – March 3, 2021 – Quorum Software (Quorum), a world leader in digital transformation for the energy industry, announced today that Utah Gas Corp, a thriving energy company that focuses on the production and development of clean-burning natural gas, has - [3 Things You Don’t Want to Forget Before Attending Qnections](https://coastalflow.com/3-things-you-dont-want-to-forget-before-attending-qnections/) - Editor’s note: In April of this year, oil and gas leaders and digital transformation experts will gather at Quorum’s annual Qnections conference in Phoenix, AZ. Take a look at the expert speaker lineup and follow #Qnections on Twitter for more updates. The 2018 installment of Quorum’s annual Qnections conference is right around the corner and - [Oil Increases as Healthy Demand Decreases Supply](https://coastalflow.com/oil-increases-as-healthy-demand-decreases-supply/) - Oil advanced to the highest level in two weeks after declining stockpiles of U.S. crude, gasoline and distillate signaled healthy demand during the nation’s summer driving season. Futures rose 1% in New York on Wednesday. A U.S. government report showed crude supplies slid to the lowest since January 2020 and distillate stockpiles posted the biggest - [EnergyIQ Well Master Data Update](https://coastalflow.com/energyiq-well-master-data-update/) - Latest version of well master data management solution furthers how E&P companies can rationalize and integrate data for better business outcomes HOUSTON, November 10, 2020 – Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, announced today that it has released 2020.1 of EnergyIQ - [Pemex Building Refinery in Green Area](https://coastalflow.com/pemex-building-refinery-in-green-area/) - (Bloomberg) -- It’s a massive new oil refinery in an era focused on renewable energy. It’ll cost more than promised. It’s behind schedule. And now, public documents reveal that Dos Bocas — a favored project of Mexican President Andres Manuel Lopez Obrador for his home state of Tabasco — is being built in a zone - [Data Doubts Cloud China Carbon Market](https://coastalflow.com/data-doubts-cloud-china-carbon-market/) - (Bloomberg) -- China’s national carbon market, seen as a key tool to help the world’s top polluter curb emissions, is being hampered by limited early access for small companies and doubts over data quality, according to people familiar with the details. Only about a dozen large companies were given logins to allow them to participate as - [Brookfield Moves Closer to Pipeline Victory](https://coastalflow.com/brookfield-moves-closer-to-pipeline-victory/) - (Bloomberg) -- The takeover battle for one of Canada’s largest energy companies moved closer to resolution after Pembina Pipeline Corp. terminated its C$8.5 billion ($6.7 billion) deal to acquire Inter Pipeline Ltd., clearing a path for Brookfield Infrastructure Partners LP, which has pursued a hostile bid. Inter Pipeline will pay a C$350 million termination fee - [Thoma Bravo-Owned Quorum Software and Aucerna to Merge and Acquire TietoEVRY's Oil and Gas Software Business](https://coastalflow.com/thoma-bravo-owned-quorum-software-and-aucerna-to-merge-and-acquire-tietoevrys-oil-and-gas-software-business/) - Combined company to broaden and further diversify its software portfolio, creating the leading software provider to the energy industry HOUSTON, February 15, 2021 – Quorum Software ("Quorum"), a world leader in digital transformation for the energy industry, today announced two major transactions that will result in the creation of the world's largest software provider of - [The Greatest Outdoor Show on Earth Meets Oil & Gas Software](https://coastalflow.com/the-greatest-outdoor-show-on-earth-meets-oil-gas-software/) - The freebooting days of the Wild West may have occupied a relatively short slice of American and Canadian history, but it is a period that both nations identify with on a massive scale. A testament to just how much we love our western heritage can be found every year during the Calgary Stampede! Ahead of - [Oil Prices Drop With Delta Variant Threatening Demand](https://coastalflow.com/oil-prices-drop-with-delta-variant-threatening-demand/) - (Bloomberg) -- Oil slipped as a surge in global Covid-19 cases raised concerns about demand holding up in the near term. Futures in New York fell 0.4% on Tuesday. A rise in cases of the highly contagious delta variant has prompted new restrictions across the world, especially in countries with lower vaccination rates. U.S. health - [Reliance Vaccinates 98 Percent of Staff](https://coastalflow.com/reliance-vaccinates-98-percent-of-staff/) - (Bloomberg) -- Reliance Industries Ltd., the conglomerate helmed by Asia’s richest man, is among large Indian companies that have given at least one Covid-19 shot to most of their employees, a sign the country’s corporate sector is able to speedily vaccinate its workforce while the government has struggled with shortages and logistics. More than 98% - [Lime Rock Buys Texas Assets for $500MM+](https://coastalflow.com/lime-rock-buys-texas-assets-for-500mm/) - Lime Rock Resources has announced that it has reached a definitive agreement to buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from “a private seller”. The acquired property, which is primarily in Loving County, Texas, was producing 15,163 barrels of oil equivalent per day as of the April 1 - [Shell and Chevron Sanction GOM Deepwater Project](https://coastalflow.com/shell-and-chevron-sanction-gom-deepwater-project/) - Shell (NYSE: RDS.A) on Monday reported the final investment decision (FID) for Whale, a deepwater U.S. Gulf of Mexico (GOM) development featuring a 99% replicated hull and an 80% replication of the topsides from its Vito project. “Whale is the latest demonstration of our focus on simplification, replication, and capital projects with shorter cycle times - [International School of Hydrocarbon Measurement 2019: An Oldie But Goodie](https://coastalflow.com/international-school-of-hydrocarbon-measurement-2019-an-oldie-but-goodie/) - Having exhibited at International School of Hydrocarbon Measurement (ISHM) for almost twenty years, we’re no strangers to this event. ISHM 2019 drew a record number of measurement professionals to Oklahoma City for training in hydrocarbon measurement and to network with the “who’s who” of the industry. But this year also came with added excitement to - [Oil Prices Decline As Delta Variant Spreads](https://coastalflow.com/oil-prices-decline-as-delta-variant-spreads/) - (Bloomberg) -- Oil dipped as investors eyed the spreading delta variant’s impact on demand while cases surge. Futures in New York fell 0.2% on Monday after rallying the previous four sessions. Global cases of Covid-19 have increased the most in two months with infections surging in the U.S., Brazil, India, Indonesia and the U.K. Countries with lower - [Will North American Activity Pick Up in 2022?](https://coastalflow.com/will-north-american-activity-pick-up-in-2022/) - (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) Will North American oil and gas industry players continue to pursue a relatively conservative course next year, or will they follow a more aggressive path? Signals about 2022 industry - [Oil Resumes Decline](https://coastalflow.com/oil-resumes-decline/) - (Bloomberg) -- Oil headed for the first decline in five days as investors assessed the outlook for demand amid a resurgence in Covid-19 and as broader markets were on a softer footing. Futures in New York dropped to trade near $71 a barrel after a volatile week of trading that saw prices swing wildly in a $7 - [Saudi Prince Wants to Be Known As Oil Price 'Volatility Buster'](https://coastalflow.com/saudi-prince-wants-to-be-known-as-oil-price-volatility-buster/) - (Bloomberg Markets) -- The Boeing 767 banked over the Red Sea, turning east into Saudi Arabia. A commercial version of the plane can carry about 260 passengers. Inside this one, Saudi Energy Minister Prince Abdulaziz bin Salman and a dozen or so aides were heading home from a tumultuous meeting at OPEC’s headquarters in Vienna the day - [Quorum Software Sees Strong Adoption of Fully-Integrated, Cloud-Based Document Management](https://coastalflow.com/quorum-software-sees-strong-adoption-of-fully-integrated-cloud-based-document-management/) - Value creation and cost-cutting measures in a hard-oil and gas market create demand for document digitization HOUSTON, November 5, 2020 – Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, today announced recent product enhancements and adoption data for myQuorum DynamicDocs, the company's cloud-based document management system purpose-built for oil - [Shell Starts Up Barracuda](https://coastalflow.com/shell-starts-up-barracuda/) - Shell (NYSE: RDS.A) reported Thursday that its BG International subsidiary has achieved first gas from Project Barracuda offshore Trinidad and Tobago. Also known as Block 5C, Barracuda – located in the Caribbean country’s East Coast Marine Area (ECMA) – reached the production start-up milestone on July 18, 2021, Shell noted in a written statement emailed - [Chevron and Exxon Issue CCS Updates](https://coastalflow.com/chevron-and-exxon-issue-ccs-updates/) - Rigzone’s downstream readers showed much interest last week in new carbon capture and storage (CCS) developments from a pair of major oil and gas players. Read on to learn more in this review of some of the most popular recent downstream-related articles on Rigzone. Chevron Faces Carbon Capture Setback Chevron Corp. (NYSE: CVX) has revealed - [Whiting Boosts Williston Basin Drilling Inventory](https://coastalflow.com/whiting-boosts-williston-basin-drilling-inventory/) - Whiting Petroleum Corp. (NYSE: WLL) reported Wednesday that it has entered in an agreement with a private company to acquire oil and gas assets in the Williston Basin of North Dakota. Under the $271 million deal, Whiting will acquire 8,752 net acres with net daily production of approximately 4,200 barrels of oil equivalent per day - [5 Necessities for E&P Startups When Choosing Software](https://coastalflow.com/5-necessities-for-ep-startups-when-choosing-software/) - Whether you have just received funding or it is your third venture and operations are ramping up, making the right software choices can help supplement your operational efficiency while making the wrong ones can increase overhead, under-deliver on functionality, and leave your team frustrated. Cloud-based solutions like WellEz On Demand offer startup companies unmatched - [Putting the Power of Advanced Personalization in Your Hands](https://coastalflow.com/putting-the-power-of-advanced-personalization-in-your-hands/) - Customer Enablement: myQuorum Platform Blog Mini-Series, Part 1 of 2 Why does myQuorum Design Studio Fit into your Business Strategy? That’s the question Dan Wallin, Quorum’s VP of Products, and I posed recently during a Qnections 2018 session. We kicked off the session with some initial thoughts about the importance of innovation and what - [Top 5 Reasons WellEz is The Best Well Lifecycle Reporting Solution for your Business](https://coastalflow.com/top-5-reasons-wellez-is-the-best-well-lifecycle-reporting-solution-for-your-business/) - Why should you change your well lifecycle reporting? No doubt you are thinking about the headaches of switching to or implementing a new solution. You may consider your current approach and technology “good enough”. The truth is — your current software is holding you back. Outdated applications lead to expensive capital overhead, IT complications, and poor - [What Does It Mean for Software to Evolve Anyway?](https://coastalflow.com/what-does-it-mean-for-software-to-evolve-anyway/) - We recently released a whitepaper, Evolution not Revolution: Digitally Enabling the Modern Energy Workplace, where we highlighted the elements of a modern, future-oriented software platform. While not a new concept, platforms evolved in recent years as technology advanced and with it, business models. In fact, this constant drum beat of pushing technology and business forward - [Stop Selecting Best-of-Breed Applications](https://coastalflow.com/stop-selecting-best-of-breed-applications/) - Selecting “best-of-breed” applications has been the logical thought process for choosing business software in the upstream oil and gas industry for years. However, as technology advances, we see a shift in how digitally transformative companies view software selection. Instead of selecting best-of-breed applications, companies that choose a single platform for their upstream suite have seen - [Qnections Part 2 Recap: The Big Takeaways](https://coastalflow.com/qnections-part-2-recap-the-big-takeaways/) - Things are coming to a close here at Qnections in Vegas, but we aren’t folding quite yet. While everyone is recovering from an AWESOME time out at Hakkasan last night, attendees still soaked up insights from analysts, subject matter experts, and industry peers – not to mention the IQ Bar that’s closing out the day. - [Russia Weighs Gasoline Export Ban](https://coastalflow.com/russia-weighs-gasoline-export-ban/) - (Bloomberg) -- Russia is ready to introduce a ban on gasoline exports as soon as next week amid record-high wholesale prices on the exchange. On Thursday the price for a tonne of 95-octane gasoline exceeded 60,000 rubles for the first time in the history of the St. Petersburg International Mercantile Exchange. If this persists, Russia “will start - [Quorum Software to Kick Off Landdox Integration at Qnect On Demand](https://coastalflow.com/quorum-software-to-kick-off-landdox-integration-at-qnect-on-demand/) - Quorum Software to highlight the future of Land On Demand on the heels of recent acquisition during SaaS platform user conference HOUSTON, October 20, 2020 – Today, with hundreds of oil and gas professionals attending virtually, Quorum Software (Quorum) kicked off its first-ever Qnect On Demand conference for users of the company’s Upstream On Demand - [France Resists EU Carbon Market Plan](https://coastalflow.com/france-resists-eu-carbon-market-plan/) - (Bloomberg) -- France is pushing back against the European Union’s proposal to launch a new carbon market for heating and road transport, a move that worries some other EU nations and that’s quickly becoming the most controversial part of a new climate plan. Days after the EU’s ambitious plan to tackle climate change was announced, - [Quorum Strengthens Executive Team with Focus on Software Development and Financial Growth](https://coastalflow.com/quorum-strengthens-executive-team-with-focus-on-software-development-and-financial-growth/) - Leader in Digital Transformation for Oil and Gas Continues to Drive Momentum with Strategic New Hires HOUSTON, September 25, 2019 – Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, today announced the appointments of Tom Lacy to Executive Vice President of Engineering and - [Baker Hughes USA Rig Count Gets Closer to 500](https://coastalflow.com/baker-hughes-usa-rig-count-gets-closer-to-500/) - The U.S. rotary rig count is within striking distance of hitting the 500 mark, adding seven rigs to reach 491 this week, Baker Hughes Co. (NYSE: BKR) reported Friday. In its weekly count of operating rigs Baker Hughes noted that all seven of the additional U.S. drilling units are oil rigs, now totaling 387. The - [Get the Most Out of Qnections 2019](https://coastalflow.com/get-the-most-out-of-qnections-2019/) - Editor’s note: Later this month, oil and gas leaders and digital transformation experts will gather at Quorum’s annual Qnections conference in Las Vegas, NV. Take a look at the agenda of expert speakers and follow #Qnections on Twitter for more updates. Designed for YOU, Qnections 2019 will bring together 500+ oil and gas professionals, subject matter experts, - [Borr Drilling Wins More Mexico Work](https://coastalflow.com/borr-drilling-wins-more-mexico-work/) - Borr Drilling Limited (NYSE and OSE: BORR) reported Thursday that it has secured a letter of award from an international oil company for a jack-up rig for additional work in Mexico. According to a written statement from the drilling contractor, the approximately 150-day program will likely commence in the second quarter of 2022 and generate - [Central USA Faces Cooling Demand Surge from Heat Dome](https://coastalflow.com/central-usa-faces-cooling-demand-surge-from-heat-dome/) - (Bloomberg) -- Heat will bear down on Texas and the Great Plains within days, driving temperatures in Dallas above the 100-degree mark for the first time this year. A dome of high pressure will build across the middle of the U.S., boosting demand for power to run air conditioners, said Jim Rouiller, lead meteorologist at - [Quorum Software Acquires Landdox](https://coastalflow.com/quorum-software-acquires-landdox/) - Combination adds innovative cloud-native land management to Upstream On Demand portfolio HOUSTON, October 5, 2020 – Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, announced today that it has acquired Landdox, the leading innovator in cloud-first land technology. The acquisition brings together deep - [Oil Prices Edge Upward for the Week](https://coastalflow.com/oil-prices-edge-upward-for-the-week/) - (Bloomberg) -- Oil squeezed out its first weekly gain in three on signs that global demand is holding up despite concerns that the renewed spread of the virus could stall the recovery. Futures in New York rose 0.2% this week, completely recouping a selloff on Monday that was stoked by the rapidly spreading delta variant. - [Is the Oil Demand Outlook Too Rosy or Not Rosy Enough?](https://coastalflow.com/is-the-oil-demand-outlook-too-rosy-or-not-rosy-enough/) - (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) The past week has been particularly volatile in the oil market, with the Brent and West Texas Intermediate (WTI) futures prices losing more than 6% and 7%, respectively, on - [Texas Upstream Job Growth Surges 94% for June](https://coastalflow.com/texas-upstream-job-growth-surges-94-for-june/) - The Lone Star State’s upstream oil and gas sector continued to grow in June, the Texas Oil and Gas Association (TXOGA) reported Thursday. Texas’ addition of 3,100 upstream jobs from May to June is 94% higher than the 1,600-job gain that TXOGA reported from April to May. In fact, TXOGA noted in a written statement - [Natural Gas Supply Concerns Mount](https://coastalflow.com/natural-gas-supply-concerns-mount/) - (Bloomberg) -- Natural gas futures soared to $4 per million British thermal units in the U.S. for the first time since December 2018 as summer heat intensified concerns about tight supplies later this year. Gas for August delivery settled at $4.003, the highest closing price in 31 months. The premium for March 2022 gas over - [Brazos Midstream Selects Quorum Software to Increase Data Integrity, Accuracy and Automation for Gas Gathering and Processing](https://coastalflow.com/brazos-midstream-selects-quorum-software-to-increase-data-integrity-accuracy-and-automation-for-gas-gathering-and-processing/) - Growing midstream company selects Quorum Software based on deep industry experience, proven technology and exceptional customer service. HOUSTON – September 16, 2020 – Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, today announced that Brazos Midstream has selected its myQuorum TIPS gathering and processing solution to streamline data, simplify - [Oil Prices Rise with Tight Supply Expectations](https://coastalflow.com/oil-prices-rise-with-tight-supply-expectations/) - (Bloomberg) -- Oil rose to the highest in a week amid expectations that recovering demand from the U.S. to India and Europe will further tighten global crude markets. Futures in New York climbed 2.3% on Thursday after posting the biggest gain in three months on Wednesday. Gasoline demand is essentially back to normal in many - [Venezuela Aims to Nearly Triple Oil Output This Year](https://coastalflow.com/venezuela-aims-to-nearly-triple-oil-output-this-year/) - (Bloomberg) -- Venezuela’s state-owned oil company imported a key component needed to achieve its goal of almost tripling crude production, defying U.S. efforts to isolate the Maduro regime’s grip on power. The supertanker Rene is discharging a hydrocarbon known as condensate at the Venezuelan port of Jose, according to a document seen by Bloomberg. It’s the first - [USA and Germany End Nord Stream 2 Feud](https://coastalflow.com/usa-and-germany-end-nord-stream-2-feud/) - (Bloomberg) -- The U.S. and Germany have completed a deal approving completion of the Nord Stream 2 pipeline, effectively ending a longstanding rift over German gas purchases from Russia, the allies confirmed Wednesday. Under the agreement, Germany commits to taking action if Russia tries to use energy as a weapon against Ukraine, a decision that - [Saudi Aramco Confirms $50MM Cyber Ransom Demand](https://coastalflow.com/saudi-aramco-confirms-50mm-cyber-ransom-demand/) - (Bloomberg) -- Saudi Aramco confirmed that some company files were leaked after hackers reportedly demanded a $50 million ransom from the world’s most-valuable oil producer. “Aramco recently became aware of the indirect release of a limited amount of company data which was held by third-party contractors,” the Middle Eastern oil major said Wednesday in an email. “We - [XcL Midstream Selects Quorum Software to Enhance Operational Efficiency and Integrate Measurement and Gas Gathering Processes](https://coastalflow.com/xcl-midstream-selects-quorum-software-to-enhance-operational-efficiency-and-integrate-measurement-and-gas-gathering-processes/) - Growth-oriented midstream company reduces invoice processing time by five days with FLOWCAL and myQuorum TIPS for gas gathering and processing HOUSTON – September 1, 2020 – Quorum Software, the leader in digital transformation for the oil and gas industry, announced today that XcL Midstream, LLC (“XcL”), a growth-oriented natural gas midstream company, has selected Quorum’s - [Oil Prices Settle Above $70 Again](https://coastalflow.com/oil-prices-settle-above-70-again/) - (Bloomberg) -- Oil jumped the most since mid-April amid broader market gains and after a U.S. government report showed declining fuel and distillate stockpiles during the high-demand summer driving season. Futures rose 4.6% in New York on Wednesday with U.S. equities advancing as better-than-expected corporate earnings took the focus off concerns about the economic impact of coronavirus - [Biden Admin Unveils Pipeline Cybersecurity Mandates](https://coastalflow.com/biden-admin-unveils-pipeline-cybersecurity-mandates/) - Owners and operators of certain pipelines will need to implement various cybersecurity protections under a new directive issued Tuesday by the Transportation Security Administration (TSA). The security directive applies to owners and operators of TSA-designated critical pipelines that transport hazardous liquids and natural gas, the U.S. Department of Homeland Security (DHS) reported. “Through this security - [42% of Q2 Texas Oil and Gas Job Listings Were in Three Cities](https://coastalflow.com/42-of-q2-texas-oil-and-gas-job-listings-were-in-three-cities/) - A review of Second Quarter 2021 upstream, midstream, and downstream employment trends reflect growing demand for oil and natural gas, the Texas Independent Producers and Royalty Owners Association (TIPRO) reported Tuesday. There were 73,687 total job postings for the Texas oil and natural gas industry in the second quarter of 2021, 12,224 of which were - [Danos Honors Field and Staff Employees](https://coastalflow.com/danos-honors-field-and-staff-employees/) - From left, Eric Danos, Mary Perez, Mark Danos, Frances Kosak, Paul Danos, and Hank Danos. PHOTO SOURCE: Danos Louisiana-based service company Danos reported Tuesday that it has named its employees of the year for 2020. Case Manager Frances Kosak is Danos’ Staff Employee of the Year and Logistics Coordinator Mary Perez is the Dwain “Hog” - [Quorum Software Enables Oil and Gas Businesses to be Resilient Through 2020 Volatility](https://coastalflow.com/quorum-software-enables-oil-and-gas-businesses-to-be-resilient-through-2020-volatility/) - Supply and demand pressures due to world events emphasize the need to modernize operations for business continuity and agility HOUSTON, August 18, 2020 – The first half of 2020 demonstrated the need for the oil and gas industry to modernize business operations for efficiency, and more importantly, for business continuity and agility. Quorum Software, the - [Oil Prices Swing Back Upward](https://coastalflow.com/oil-prices-swing-back-upward/) - (Bloomberg) -- Oil edged higher as broader markets rebounded after a virus-fueled selloff on Monday. Futures in New York rose 1.5% on Tuesday with U.S. equities advancing. Oil declined the most since September on Monday, as countries around the world attempt to curb the spread of the highly transmissible delta variant of Covid-19. Oil will - [Gulf of Mexico Player May Exit Oil and Gas Industry](https://coastalflow.com/gulf-of-mexico-player-may-exit-oil-and-gas-industry/) - (Bloomberg) -- BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter. The world’s biggest miner is reviewing its petroleum business and considering options including a trade sale, said the people, who asked not to be - [Riyadh and Moscow Claim Biggest Wins from OPEC+ Deal](https://coastalflow.com/riyadh-and-moscow-claim-biggest-wins-from-opec-deal/) - Bloomberg) -- Saudi Arabia and Russia clinched a deal for an OPEC+ production increase by partly submitting to the United Arab Emirates’ demands for a more generous quota. But the compromise still leaves Riyadh and Moscow on top. Of all the adjustments agreed on Sunday to the cartel’s baselines -- the level from which each member’s cuts - [Biden Admin to Issue Pipeline and LNG Cybersecurity Regs](https://coastalflow.com/biden-admin-to-issue-pipeline-and-lng-cybersecurity-regs/) - (Bloomberg) -- The Biden administration is poised to issue new cybersecurity regulations for pipelines and liquefied natural gas facilities in the aftermath of the April hack that temporarily paralyzed the nation’s biggest liquid fuel conduit. The rules, which could be released as early as this week by the Transportation Security Administration, are the second tranche - [Oil Prices Fall Sharply Amid Broad Market Selloff](https://coastalflow.com/oil-prices-fall-sharply-amid-broad-market-selloff/) - (Bloomberg) -- Oil was the biggest loser in a broad market selloff after OPEC+ agreed to boost crude supply as a resurgent virus shook investor confidence in the global economic recovery. Futures in New York fell 7.5% on Monday, the largest decline since September. OPEC and its allies agreed to monthly supply hikes of 400,000 barrels a - [Rapid Deployments Speed Upgrades for Castleton Resources](https://coastalflow.com/rapid-deployments-speed-upgrades-for-castleton-resources/) - Growth-oriented upstream natural gas E&P company leverages Quorum’s rapid deployment methodology to move to current product versions on time and on budget. HOUSTON – August 4, 2020 – Quorum Software, the leader in digital transformation for the oil and gas industry, announced today that Castleton Resources LLC (“Castleton Resources”), an upstream natural gas-focused exploration and - [Quorum Software Previews Upcoming Releases of FLOWCAL, TESTit, PROVEit and PYCit at Qnections LIVE 2020](https://coastalflow.com/quorum-software-previews-upcoming-releases-of-flowcal-testit-proveit-and-pycit-at-qnections-live-2020/) - Attendees of the virtual conference receive an exclusive preview of new enhancements coming soon to the company’s suite of oil and gas measurement software HOUSTON – June 24, 2020 – Quorum Software, the leader in digital transformation for the oil and gas industry, today announced a preview of the company’s upcoming release of FLOWCAL oil - [Our Top 5 Moments from 2018](https://coastalflow.com/our-top-5-moments-from-2018/) - At Quorum, giving back is our way of demonstrating our loyalty and support for our communities. As the year comes to a close, we’d be remiss if we didn’t highlight all of the philanthropic work our team accomplished this year. This year, our acts of charity were focused on the well-being of our communities, overall - [Black Bear Transmission Selects Quorum Software to Manage All Pipeline and Measurement Needs](https://coastalflow.com/black-bear-transmission-selects-quorum-software-to-manage-all-pipeline-and-measurement-needs/) - New Pipeline Company entrusts Quorum to manage its growing operations and satisfy both state and FERC regulatory requirements. HOUSTON – June 18, 2020 – Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, announced today that Black Bear Transmission LLC (Black Bear) has selected Quorum gas pipeline software, gas measurement - [Democrats' Budget Plan Would Mandate 80% Carbon-Free Electricity](https://coastalflow.com/democrats-budget-plan-would-mandate-80-carbon-free-electricity/) - (Bloomberg) -- Senate Democrats are proposing to penalize utilities that don’t meet clean-energy targets, while rewarding those that do, as part of a mandate for carbon-free power they are preparing to move through their $3.5 trillion tax-and-spending package. The plan, known as a clean energy standard, would mandate 80% carbon-free electricity by 2030 and require - [Quorum Software Hosts Virtual Customer Conference Benefitting the Cystic Fibrosis Foundation](https://coastalflow.com/quorum-software-hosts-virtual-customer-conference-benefitting-the-cystic-fibrosis-foundation/) - Oil and gas software provider commits all online event sponsorship and registration proceeds to the Texas Gulf Coast Chapter of the Cystic Fibrosis Foundation Quorum Software and its customers and partners raise funds for the Texas Gulf Coast Chapter of the Cystic Fibrosis Foundation through Qnections LIVE conference. HOUSTON, June 15, 2020 – Quorum Software, - [Developing for the Future with Microsoft Azure Service Fabric](https://coastalflow.com/developing-for-the-future-with-microsoft-azure-service-fabric/) - We talk about the pace of software innovation from the perspective of the features made available to end users. However, we don’t often think about the advancements made to an application’s “plumbing,” which are as essential to innovation as new features. Consider the recent highlights from the Apple Worldwide Developers Conference (WWDC) 2018, where Apple - [Oil Prices Fall Amid Stronger Greenback and OPEC+ Uncertainty](https://coastalflow.com/oil-prices-fall-amid-stronger-greenback-and-opec-uncertainty/) - (Bloomberg) -- Oil slid to a four-week low Thursday as the dollar strengthened and on OPEC+’s signal it may raise output soon. Futures in New York slid 2% on Thursday with a rising U.S. dollar reducing the appeal of commodities priced in the currency. Traders are watching to see whether the OPEC+ alliance sets a - [OPEC Projects Mixed Oil Demand Recovery](https://coastalflow.com/opec-projects-mixed-oil-demand-recovery/) - (Bloomberg) -- OPEC forecast a gradual recovery in demand for its crude this year and next, as the group closes in on a deal to revive the production still shuttered since the pandemic. The need for supplies from the Organization of Petroleum Exporting Countries will continue to climb, remaining well above the group’s current output - [Oil Demand Surges Back in Unusual Way](https://coastalflow.com/oil-demand-surges-back-in-unusual-way/) - (Bloomberg) -- Oil demand is almost back, only not quite as we knew it before Covid. With global restrictions meaning fewer holidays, meals out, and services, people are spending more on their home lives. That’s caused a boom in physical goods trades, driving up demand for naphtha to make plastics, and buoyed the use of - [Quorum Donates Land Management Software to the Texas Tech University Rawls College of Business](https://coastalflow.com/quorum-donates-land-management-software-to-the-texas-tech-university-rawls-college-of-business/) - Partnership provides students interested in energy careers experiential learning as part of the Energy Commerce program Quorum Software and its employees give back to Red Raider Nation by supporting future land professionals. HOUSTON, June 3, 2020 – Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, recently donated student licenses - [Oil Prices Falter with USA Fuel Build](https://coastalflow.com/oil-prices-falter-with-usa-fuel-build/) - (Bloomberg) -- Oil’s rally fizzled as a build in U.S. fuel inventories and a potential OPEC+ agreement to increase supply cooled a buying spree that had pushed the market above $75. Futures in New York fell 2.8%, the most since May. Both gasoline and distillate inventories rose last week, according to a U.S. government report. - [Lessons in Land Administration Part 1](https://coastalflow.com/lessons-in-land-administration-part-1/) - I’ve been in Land Administration for the past 15 years, and I feel fairly confident that anyone who’s been in the trenches with me throughout that time would likely agree that we’ve become very adaptable to change. Variety has been my constant in an evolving industry, and while it was tough to cope with - [Panama Canal Sees Rapid Growth in LNG and LPG Transits](https://coastalflow.com/panama-canal-sees-rapid-growth-in-lng-and-lpg-transits/) - (Bloomberg) -- The Panama Canal Authority says vessel transits are rebounding as global trade picks up after the Covid-19 pandemic. Container ships have led the recovery while liquefied natural gas and liquefied petroleum gas are among the fastest growing segments for the waterway, said Ilya Espino de Marotta, its deputy administrator, in an interview at - [UAE Makes Prelim Deal for OPEC+ Quota Hike](https://coastalflow.com/uae-makes-prelim-deal-for-opec-quota-hike/) - Bloomberg) -- The United Arab Emirates has reached a preliminary deal to resolve the its standoff with OPEC+, giving the Gulf state a higher output quota, said a delegate. The proposal would need to be approved by all OPEC+ members before it can take effect and a new date for a meeting will be set - [Biden Climate Czar Threatens to Bypass Congress on Clean Energy](https://coastalflow.com/biden-climate-czar-threatens-to-bypass-congress-on-clean-energy/) - (Bloomberg) -- Congress should enact a clean-electricity standard that forces utilities to pare greenhouse gas emissions, but if lawmakers fail to deliver, the administration is prepared to act on its own, President Joe Biden’s climate chief told Bloomberg. A clean-electricity mandate is critical for catalyzing emissions reductions, White House National Climate Adviser Gina McCarthy said - [Quorum Software Releases Customer Survey Results Revealing Overwhelming Satisfaction with Services and Support](https://coastalflow.com/quorum-software-releases-customer-survey-results-revealing-overwhelming-satisfaction-with-services-and-support/) - Data Shows More Than 90% Will Continue to Use Products and Services Quorum is recognizing the achievements of its Customer Success team members, who are responsible for achieving a customer satisfaction rating greater than 90%. HOUSTON, May 13, 2020 – Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, today - [WTI Settles Above $75](https://coastalflow.com/wti-settles-above-75/) - Oil rose to the highest price in more than 2 1/2 years. #WTI #Settles - [Report Shows 8K New USA Oilfield Services Jobs](https://coastalflow.com/report-shows-8k-new-usa-oilfield-services-jobs/) - (Bloomberg) -- American drillers have restored less than 20% of the oilfield services jobs lost due to the pandemic, with companies favoring investor returns over boosting output, according to a trade group. “The main reason that hiring isn’t coming back faster is that companies are focused more on free cash flow, paying down debt and - [Oil Edges Up as Investors Bet Demand Will Keep Rising](https://coastalflow.com/oil-edges-up-as-investors-bet-demand-will-keep-rising/) - (Bloomberg) -- Oil rose on optimism that fuel demand will keep rising and tighten the market, despite a Covid-19 resurgence in many regions. Futures in New York added 0.6% after sliding 0.6% on Monday to settle near $74 a barrel. The vaccine rollout has accelerated the demand rebound across major economies, although the spread of - [Oil Slips with Demand Outlook in Focus](https://coastalflow.com/oil-slips-with-demand-outlook-in-focus/) - (Bloomberg) -- Oil dipped after a two-day gain as investors assessed the demand outlook amid a Covid-19 resurgence in many regions. Futures in New York fell below $74 a barrel after rising more than 2% on Friday. The rollout of vaccines and rebound in economic activity across major economies, particularly the U.S., has underpinned increasing fuel consumption. - [Quorum Software Launches OGsys On Demand](https://coastalflow.com/quorum-software-launches-ogsys-on-demand/) - Leader in Digital Transformation for Oil and Gas Expands Capabilities with Intuitive Cloud-Based Accounting Solution for Small-Medium Sized Businesses Quorum is releasing the video series, “Solve Oil and Gas Accounting Challenges with OGsys On Demand,” where E&P companies, accounting services providers and other accounting professionals outline how OGsys On Demand remedies accounting challenges for - [How to Apply Big Data and Analytics to the Oil and Gas Industry](https://coastalflow.com/how-to-apply-big-data-and-analytics-to-the-oil-and-gas-industry/) - Houston – August 16, 2016 – Quorum, the industry leader in software for hydrocarbon and energy business management, today announced the release of a new whitepaper to help oil and gas professionals understand how to apply big data and advanced analytics. Big Data and Analytics Applied to Oil and Gas explores the technology behind big - [Quorum Announces New eBook: Software for the Next Generation of Oil & Gas Professionals](https://coastalflow.com/quorum-announces-new-ebook-software-for-the-next-generation-of-oil-gas-professionals/) - Houston – August 9, 2016 – Quorum, the industry leader in software for hydrocarbon and energy business management, today announced the release of its new eBook, Software for the Next Generation of Oil & Gas Professionals. This eBook explores how user personas can be applied to software for the oil and gas industry to increase efficiency, - [CNX Resources Implements Quorum Software to Drive Operational Efficiency](https://coastalflow.com/cnx-resources-implements-quorum-software-to-drive-operational-efficiency/) - Company replaces legacy production and revenue accounting with purpose-built oil and gas software in 9 months HOUSTON, April 17, 2020 – Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, today announced CNX Resources Corporation (CNX), one of the largest independent natural gas exploration, development and production companies, has implemented - [Quorum Software Focuses on Speed and Support in its Commitment to Customer Centricity](https://coastalflow.com/quorum-software-focuses-on-speed-and-support-in-its-commitment-to-customer-centricity/) - Cloud-based oil and gas software company introduces enhanced rapid implementation process and support model for enterprise oil and gas companies HOUSTON, April 21, 2020 – Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, today announced its expansion of Rapid Deployments, along with a new customer support model to support - [Oil Prices Settle Lower in Early Week Trading](https://coastalflow.com/oil-prices-settle-lower-in-early-week-trading/) - Bloomberg) -- Oil dipped as traders grappled with the demand implications of a Covid-19 resurgence in several regions and slowing economic growth in China. Futures in New York fell 0.6% on Monday. New mobility restrictions have been introduced in parts of Japan, South Korea and Vietnam to curb the spread of the delta variant, clouding - [Suriname Has Potential to be Oil Hot Spot](https://coastalflow.com/suriname-has-potential-to-be-oil-hot-spot/) - Suriname has the potential to become an oil production hot spot in the near to mid-term. That’s according to GlobalData, which highlighted that four discoveries were made in the country’s Block 28 last year. “Results from the four discovery wells drilled in Suriname so far have showed excellent oil properties, with API ranging from 27° - [Insights on the State of the Industry" eBook](https://coastalflow.com/insights-on-the-state-of-the-industry-ebook/) - Data Shows Only 13% Of the Oil and Gas Industry’s Leaders Believe They Are Adopting Tech Fast Enough to Succeed HOUSTON, April 15, 2020 – Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, today released the findings of their research in "Modernizing Oil and Gas: Insights on the State - [USA Gasoline Demand Surged 9.5% Last Week](https://coastalflow.com/usa-gasoline-demand-surged-9-5-last-week/) - (Bloomberg) -- Should U.S. refiners get excited about one week of record demand for gasoline? With jet fuel consumption still weak and distillate stocks rising despite strong domestic demand, refiners must rely on gasoline as their summer lifeline. The first of the season’s two big driving holidays, July 4, generated strong demand for the motor - [Introducing the Quorum Channel Partner Program](https://coastalflow.com/introducing-the-quorum-channel-partner-program/) - We’ve said it before, and we’ll say it again: success revolves around an open strategy. Why? Simply put, an open strategy unlocks doors for us to connect our core products with companies that add additional value. Oil and gas software systems are most valuable when customers have a unified data source to work from, regardless - [Quorum Software Acquires EnergyIQ](https://coastalflow.com/quorum-software-acquires-energyiq/) - Leader in Digital Transformation for Oil and Gas Enhances Software and Services Portfolio with Acquisition of the Industry Leader in Well Master Data ManagementHOUSTON, February 18, 2020 – Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, today announced it acquired Denver-based EnergyIQ, a leading provider of well master data - [Is the Oil Rally Set to Cool Off?](https://coastalflow.com/is-the-oil-rally-set-to-cool-off/) - (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) Is the recent strong growth in oil prices about to become less robust? One of Rigzone’s regular prognosticators thinks so. Find out why, along with other perspectives, in this - [PetroCap Selects Quorum Software to Optimize Operations within Upstream Portfolio](https://coastalflow.com/petrocap-selects-quorum-software-to-optimize-operations-within-upstream-portfolio/) - Cloud-based oil and gas software improves visibility for PE firm within investment portfolio HOUSTON, February 5, 2020 – Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, today announced that PetroCap LLC (PetroCap), an oil and gas private equity investment firm based in Dallas, Texas, selected Quorum's cloud-based Upstream On Demand - [Fairfield Decom to Cease Trading](https://coastalflow.com/fairfield-decom-to-cease-trading/) - Fairfield Decom has confirmed that it will cease trading in a statement posted on its website. In the statement, the company’s managing director, Graeme Fergusson, described the decision to stop operations as being “very difficult”. “This was especially tough given the talented team that has worked tirelessly to bring this unique solution to the market, - [Oil Prices Post Gains in Friday Trading](https://coastalflow.com/oil-prices-post-gains-in-friday-trading/) - (Bloomberg) -- Oil fell this week for the first time since May after days of volatile trading in the wake of OPEC+’s stalemate over a production increase in the near term. Futures in New York declined 0.8% this week, although the U.S. crude benchmark closed higher on Friday amid a broader market rebound. Prices whipsawed - [SECURE ENERGY Enhances Measurement Automation with FLOWCAL by Quorum Software](https://coastalflow.com/secure-energy-enhances-measurement-automation-with-flowcal-by-quorum-software/) - Growing midstream company implements Quorum’s industry-leading measurement software to automate processes and ensure data accuracy. HOUSTON – July 15, 2020 – Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, is pleased to announce that SECURE ENERGY (SES), a leading midstream infrastructure solutions company, has successfully implemented the FLOWCAL solution - [Quorum Software Completes Acquisition of TietoEVRY’s Oil and Gas Software Business](https://coastalflow.com/quorum-software-completes-acquisition-of-tietoevrys-oil-and-gas-software-business/) - Combination creates the global leader in software for the energy industry. HOUSTON, June 7, 2021 – Quorum Software (Quorum), a Thoma Bravo portfolio company and the global software leader dedicated to the energy industry, today announced the closing of the previously reported acquisition of TietoEVRY’s Oil and Gas software business. This transaction includes Energy Components - [Navitas Enhances Oil and Gas Measurement with Quorum Software](https://coastalflow.com/navitas-enhances-oil-and-gas-measurement-with-quorum-software/) - Navitas Further Automates Midstream Gathering and Processing with Addition of Quorum for Oil and Gas Measurement Houston – November 7, 2017 -- Quorum, the leading software innovator for the energy industry, recently announced that Navitas Midstream Partners, LLC (“Navitas”), a producer-focused midstream company, has enhanced its natural gas gathering and processing systems by adding additional - [myQuorum Software Platform Sees Record-high Adoption Rates by Customers](https://coastalflow.com/myquorum-software-platform-sees-record-high-adoption-rates-by-customers/) - myQuorum Delivers New Features, Deployment Speed, and Customer Satisfaction Houston – August 2, 2017 -- Quorum, the leading software innovator for the energy industry, announced record-high adoption and deployment rates for its myQuorum™ software platform. Released last November 2016, the myQuorum platform (v16) provides Quorum customers the ability to transition to modern, mobile role-based dashboards, - [NorthRiver Midstream Partners with Quorum Software to Reduce IT Support Costs for Gas Gathering and Processing](https://coastalflow.com/northriver-midstream-partners-with-quorum-software-to-reduce-it-support-costs-for-gas-gathering-and-processing/) - Midstream company implements industry-leading myQuorum TIPS software in the cloud to automate processes and replace a legacy commercial application. HOUSTON – July 1, 2021 – Quorum Software (Quorum), a Thoma Bravo portfolio company and the global software leader dedicated to the energy industry, today announced that NorthRiver Midstream ("NorthRiver") has successfully completed its journey to replace a - [Adios Data Dumps Hello Helpful Insights](https://coastalflow.com/adios-data-dumps-hello-helpful-insights/) - Recently I got the opportunity to see my friend and colleague Deanna Glinka present at DUG Permian Basin on a topic she is passionate about – Data. Data is not just a pet project. Deanna has spent 20 years helping customers and users get value from data. Lately, her focus has shifted from the tools - [Data is Overwhelming. Let’s Help You Prioritize.](https://coastalflow.com/data-is-overwhelming-lets-help-you-prioritize/) - Last week, we sat down with our CMO to discuss the role of software platforms in the oil and gas industry. As a continuation of this theme, we asked our Senior Product Manager, Deanna Glinka to talk to us about how data is powering the modern energy workplace. I should also use this moment to - [Pride Month at Quorum Software](https://coastalflow.com/pride-month-at-quorum-software/) - As Pride Month comes to a close, we want to commemorate the trailblazers of the Lesbian, Gay, Bisexual, Transgender, and Queer (LGBTQ+) community. We recognize the valuable contributions of LGBTQ+ individuals locally, nationally, and internationally. To honor Quorum LGBTQ+ team members, we share their stories to show our support and celebrate diversity, equity, and inclusion. - [Gas Project Modification Worth Billions](https://coastalflow.com/gas-project-modification-worth-billions/) - Major LNG-related news from Australia commanded a significant amount of attention last week from downstream readership. Read on for details, along with other recent downstream-related articles that ranked highly in page views. $4B Chevron-run Project Advances Chevron (NYSE: CVX) recently revealed that a $4 billion project to ensure natural gas supplies to the Gorgon LNG - [Fire Occurs Near Pemex Platform and More](https://coastalflow.com/fire-occurs-near-pemex-platform-and-more/) - Here are some of top upstream stories during the last week, just in case you missed them… Fire Breaks Out Near Pemex Offshore Platform Bloomberg reported that a fire had broken out near Pemex’s Ku Maloob Zaap offshore platform complex after a submarine pipeline valve broke. Read full article here Pemex Comments on Fire Following - [Baker Hughes Tallies More Drilling Rigs](https://coastalflow.com/baker-hughes-tallies-more-drilling-rigs/) - The overall U.S. rotary rig count increased by four to 479 drilling units this week, Baker Hughes Co. (NYSE: BKR) reported Friday. In its weekly count of operating drilling units Baker Hughes noted that U.S. oil rigs increased by two, now totaling 378. The U.S. gas rig tally also rose by two to reach 101 - [SPE Offshore Europe Program Revealed](https://coastalflow.com/spe-offshore-europe-program-revealed/) - Energy transition topics will take center stage at the SPE Offshore Europe 2021 virtual conference, event organizers have revealed. The event, which is taking place from September 7-10, will include ten keynotes and 14 technical sessions incorporating more than 50 technical papers. Seven of the ten keynote sessions and 50 percent of the technical program ## Pages - [Home](https://coastalflow.com/) - Coastal Flow Measurement - Industry's leading provider of liquid and gas measurement services with unparalleled customer support since 1974. - [White Papers](https://coastalflow.com/white-papers/) - Operational Experience with Small Volume Provers As SVP’s have become the industry standard in custody transfer applications, they have shown to be extremely accurate and efficient. This document will address the technical operations and advancements made to the SVP over time, as well as the calibration methods and proper maintenance of the devices. Pycnometer Installation, - [Contact](https://coastalflow.com/contact/) - Contact us today for liquid and gas measurement services or parts. 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Eliminate Prior Period Adjustments Measurement Tech role available in Midland-Odessa FLOWCAL Measurement Data Validation FLOWCAL Analysts available today! Merry Christmas and a Happy New Year! Celebrating 20 years of excellence by Joe Stanton Thank you to all Veterans! Aspen Midstream - [Employment Application](https://coastalflow.com/employment-application/) - We take pride in our culture and the strength of our community. We hire driven people who are passionate working together to deliver for our customers. - [Career Opportunities](https://coastalflow.com/career-opportunities/) - Join our team and become a key member of the leading provider of customer service in the hydrocarbon measurement industry. We value integrity and the community. - [Flowcal Measurement Services](https://coastalflow.com/flowcal-measurement-services/) - Liquid and Gas measurement data validation. Ticket data validation. Orifice Chart integration. BirdDog Remote Data Retrieval. 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Reporting to the Senior Liquid Measurement Coordinator, Liquid Technicians will perform all duties and responsibilities in support and alignment with Coastal Flow Measurement Companies - [Measurement Analyst](https://coastalflow.com/measurement-analyst-2/) - Measurement Analyst Position Summary The Measurement Analyst will be directly responsible for processing measurement data by analyzing chart meters and electronic flow computers to determine measured quantities of natural gas, NGLs, crude oil, and water for the petroleum industry and providing accurate volume data to customers by closeout deadlines. Reporting to the Measurement Supervisor, the Measurement Analyst will - [Glossary of Industry Terms](https://coastalflow.com/glossary-of-industry-terms/) - Definitions to common liquid and gas measurement terms and abbreviations. API. AGA. GPA. NIST. Meter Factor. Btu. Heating Value. Compressibility. K-Factor. 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