Case Study

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

The opportunity

A global offshore energy solutions provider sought a more strategic approach to energy procurement and greater visibility into future costs.

The company had historically worked with two smaller energy advisors that took a largely mechanical approach to contract renewals. While contracts were being managed, the process offered limited strategic evaluation of alternative products, market conditions, or opportunities to optimize purchasing decisions.

Seeking greater value from its energy procurement process, the organization engaged Tradition Energy to introduce a more consultative approach. The objective was to evaluate a broader range of supply options, improve procurement economics, and establish ongoing guidance that could adapt as the company’s operations changed.

Analysis

Tradition reviewed the company’s existing procurement approach and identified an opportunity to bring greater competition, product optionality, and strategic analysis to its energy decisions. Rather than simply facilitating renewals, Tradition focused on determining which available structures best aligned with the company’s evolving requirements.

Tradition assessed multiple energy product structures and purchasing scenarios, giving the company greater visibility into the potential costs, risks, and benefits associated with each approach.

Tradition introduced a more competitive advisory structure while evaluating opportunities to improve the overall economics of the company’s energy procurement strategy.

Because changes in operations can materially affect energy requirements and budgets, Tradition established regular account reviews to evaluate actual performance, changing consumption, and potential adjustments to future energy budgets.

The Result:
Cost Avoidance & Greater Visibility

Meaningful Cost Avoidance

Tradition’s strategic evaluation of available procurement options helped the company avoid unnecessary energy costs while establishing a more informed approach to purchasing decisions.

Improved Budget Management

Regular account reviews provide greater visibility into how operational changes affect energy consumption and costs, allowing budgets to be adjusted as requirements evolve.

More Strategic Procurement

The company moved beyond a mechanical renewal process to an ongoing advisory approach incorporating product evaluation, market intelligence, and proactive account management.

Client Testimonials

The individuals we deal with at Tradition are extremely responsive and helpful anytime we have questions or issues!

Chief Executive Officer,
Energy Organization

Tradition Energy has helped us in many ways with their knowledge, expertise, research and service by identifying products that fit our business and enhance our cash flow, such as Demand Response.

Vice President,
Oil & Gas Producer

The individuals we deal with at Tradition are extremely responsive and helpful anytime we have questions or issues!

Chief Executive Officer,
Energy Organization

Tradition Energy has helped us in many ways with their knowledge, expertise, research and service by identifying products that fit our business and enhance our cash flow, such as Demand Response.

Vice President,
Oil & Gas Producer

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ABOUT US

The Scale and Experience Behind Every Recommendation

For decades, organizations have trusted Tradition Energy to navigate increasingly complex energy markets. As the nation’s largest independent energy procurement and sustainability solutions advisor, we bring clients resources, market reach, and transaction activity other advisors cannot replicate.

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Case Studies

Proven Results in Oil & Gas

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Oil & Gas Operator Avoids Nearly $1.3 Million in Electricity Costs

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Natural Gas Operator Generates $120,000+ Through Demand Response

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Reducing Energy Costs and Risk for Oil & Gas Operations

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Oil Producer Saves $1.8 Million Through Smarter Energy Procurement

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Oil & Gas Operator Reduces Energy Costs Through Strategic Procurement

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Oil & Gas Operator Avoids Nearly $1.3 Million in Electricity Costs

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Natural Gas Operator Generates $120,000+ Through Demand Response

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Reducing Energy Costs and Risk for Oil & Gas Operations

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Oil Producer Saves $1.8 Million Through Smarter Energy Procurement

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Oil & Gas Operator Reduces Energy Costs Through Strategic Procurement

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement

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Oil & Gas Company Achieves Cost Avoidance Through Smarter Energy Procurement