Hess Corporation has selected Triple Point Tehnology’s Commodity XL for Oil to manage its supply, trading, risk, and logistics for crude oil and refined products.
Hess is a Fortune 100 company engaged in the exploration, development, production, purchase, transportation, and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. The corporation also manufactures, purchases, trades, and markets refined petroleum and other energy products.
Hess required a proven front-to-back office solution for its value chain – from trading and scheduling to planning and forecasting to back office and settlement. Commodity XL provides Hess with real-time visibility into market position and exposure, while PhysOps Visual Cockpit provides Hess with supply chain logistics and inventory management support.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.