E-procurement still evolving for E&P industry

Electronic procurement (e-procurement) will continue to play a leading role in gaining cost efficiencies and saving time within the oil and gas industry's exploration and production sector.One recent testament to the power that commerce in general holds over businesses of all types is Wal-Mart's move into first place among the Fortune 500's list of the largest US corporations, noted Veritas DGC Inc.'s Jim Honefenger, who served as moderator for a panel on e-procurement in the E&P sector earlier this month in Houston. The panel discussion was part of a day-long conference on electronic business in the E&P industry hosted jointly by the Gulf Coast Section of the Society of P...

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