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In June 2013, IHS Markit acquired PFC Energy, a leading provider of oil and gas information, insight, and analytical products and services. This strategic acquisition has strengthened IHS Markit expertise throughout the energy value chain.
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To lower costs enterprise-wide, a global energy company asked IHS to review 35 internal standards and list 143 comparable international standards. Research uncovered conformity opportunities including 25% savings on casing and tubing for $5 million annually and $180 million annually for conformance with ALL industry standards.
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While seeking oil and gas development opportunities in the Rocky Mountains region, this Denver-based company has increased workflow efficiency by using a new platform that displays research based on users' preferences, delivers hours of time-savings each week and enables greater focus on high-level analysis.
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The leadership team for this energy giant needs to stay abreast of the latest news/research, from both upstream to downstream, on a global and regional basis so they are using a new platform to find, filter and share an unprecedented wealth of information and insights -- in minutes instead of hours or days.
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At this global energy company, the Market Intelligence team – which supports procurement decisions totaling $13.5 billion annually – cut in half the number of source locations that analysts must access to gather information and reduced by 50% the time required to generate reports/charts for decision makers.
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