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The first publication of the VICS CPFR Voluntary Guidelines came out in 1998. Currently there are committees "to develop business guidelines and roadmaps for various collaborative scenarios, which include upstream suppliers, suppliers of finished goods and retailers, which integrate demand and supply planning and execution.
In August 2021, Williams announced an upstream JV with GeoSouthern (GEP Haynesville II) to develop the South Mansfield asset in order to enhance their strategy of connecting the best supplies of affordable, reliable and clean natural gas with growing customer demand.
P2 Energy Solutions was founded in 1999 as Energy Auction Exchange with an ambitious plan to use the Internet to bring efficiencies to many aspects of the upstream petroleum industry. The Company raised its seed capital in 1999, using the proceeds to acquire the Oil & Gas Asset Clearinghouse of Houston.
BP (NYS: BP) has appointed Lamar McKay to be chief executive of its upstream operations. McKay, currently chairman and president of BP America, will take up his new post on Jan. 1. Upstream is the ...
The company was founded by Kelcy Warren and Ray Davis in 1996. [2] In 2011, Energy Transfer and Regency Energy Partners formed a joint venture to purchase midstream assets from Louis Dreyfus Highbridge Energy for $2 billion, [7] now known as Castleton Commodities International.
Donald Trump's election victory last week is already having an effect on global supply chains. While many firms are waiting to see what Trump's trade policies will be, some are planning ahead.
[15] [16] [17] A supply chain, as opposed to supply chain management, is a set of firms who move materials "forward", [18] or a set of organizations, directly linked by one or more upstream and downstream flows of products, services, finances, or information from a source to a customer. Supply chain management is the management of such a chain.
A strategic alliance is an agreement between two or more players to share resources or knowledge, to be beneficial to all parties involved. It is a way to supplement internal assets, capabilities and activities, with access to needed resources or processes from outside players such as suppliers, customers, competitors, companies in different industries, brand owners, universities, institutes ...