Energy Solutions
The energy industry is undergoing massive change. Deregulation, volatile markets, and new technologies affect organizations of every size, in every part of the world. Alternative energy technologies, smart metering systems, local and global energy trading, governmental initiatives towards energy independence are among the new opportunities and challenges facing energy companies.
TIBCO is an innovative supplier of software solutions to all types of energy companies including oil, gas, electricity, utilities, and trading. Seven of the ten largest energy companies are TIBCO customers. TIBCO helps energy companies to leverage their existing infrastructure and gear it toward current demands -- optimizing trading capabilities; accurate metering, rating, and billing; real-time asset monitoring; and end-to-end management of business processes across systems and platforms.
"TIBCO's solution allows us to focus on developing our own application, which is where the value of our business lies. By providing us with the scalability and performance we need, TIBCO has enabled us to reduce our time to market and save several person-years of development effort."
- ABB
Trading and Risk Management
- Energy Trading – allows traders to detect and respond immediately to market changes, pricing fluctuations, and trading counter parties to optimize energy costs and manage capacities.
- Trade Straight-Through-Processing – ensures quick settlement of trades and timely movement of funds.
- Energy Risk Management – delivers complete, real-time visibility into positions by trader, counter party, commodity, or trading hub.
Pipelines
- Capacity Management – provides analysts with an integrated and real-time view of generation, supply, and load data so they can make smart decisions about capacity and marketing (trading) opportunities. It can also automate routine operations and deliver exception-driven alerts so analysts can focus on opportunities to save money or generate new revenue.
Upstream Oil and Gas
- Real-Time Well Development Optimization – automates the processes by which data is synchronized, managed and processed across the enterprise.
- Production Activity Monitoring – enables production teams to quickly gather and analyze relevant real-time data, determine the fix, review the economics to confirm the value of the workover, and then track the AFE process to minimize well downtime.
- Trading and Risk Management – provides complete visibility into key trading and risk parameters by trader, counter-party, commodity or trading hub, allowing organizations to detect and respond quickly to changes in the market.
Utilities
- Real-Time Customer Service – improves customer service by providing employees with a consistent, comprehensive view of the customer across multiple internal systems. By automating back offices, organizations can deliver the right information to the right people at the right time, enabling prompt decision-making, increased operational efficiency, reduced costs, and enhanced customer service.
