Leading energy data analytics technology provider Arbo announced today it released a new software platform for oil and liquids products producers. Indeed, this purpose-built technology will provide its customers the data needed to find the most economical routes to market and valuable open arbitrage opportunities.
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Arbo on launching overarching software to enhance oil & liquids commerce
Today, Arbo, a leading energy data analytics technology provider, announced it released a software platform for oil and liquids product producers. Accordingly, the new technology will provide customers with the data needed to enhance cost-efficiency and valuable open arbitrage opportunities.
The software platform will be purpose-built for oil and liquids products producers, marketers, midstreamers, and traders to research, analyze, track, and share this critical data.
Moreover, this software consists of a map-based platform available as “freemium”. Also, Arbo developed the technology at the request of its customers to improve workflow and collaboration. Finally, the company looks to improve dealmaking for liquids products value chains.
Indeed, it is the only platform that includes all tariff data connected to dynamic routing, says the company. Besides, it relates to netback algorithms that are fully customizable and shareable.
“The world’s most important industry has entered a historic evolution impacting everyone and requiring every kind of innovation;” said Chip Moldenhauer, founder, and CEO. Thus, “reliably connecting consumers to energy sources will require better optimization of existing infrastructure. Besides, combined with a digital transformation that enables more efficient commercial practices for buying, selling, and transporting physical energy.”
Reception and Arbo’s Outlook
According to Arbo, this new product launch is core to its growth strategy. In fact, this strategy consists of building software that modernizes energy commerce. Also, it should improve access to infrastructure and help the next generation energy workforce do business better and faster.
Hence, “our goal is to help the professionals integral to transactions spend less time chasing data and more time closing deals;” said Jim Hughey, VP of Product Strategy.
“Efficiency is paramount for every aspect of the energy industry. A barrel of oil trades hands up to five times before reaching a consumer. Each time, siloed business practices and tools waste time and money. Digitally driven collaboration and transparency are needed to transform the industry.”
Finally, the company’s customer base includes significant midstream pipeline companies operating North America’s energy transportation infrastructure. Similarly, it has upstream producers and leading energy trading houses.
In brief, Arbo’s entrepreneurial team of software engineers, data scientists, and industry experts continue to expand in Washington, DC, Houston, TX, and Denver, CO.