E-commerce seen critical for oil and gas company survival

Oil and gas companies slow to realize the speed at which e-commerce applications are changing business-to-business (B2B) transactions are in store for a grueling uphill climb-if they survive at all.The rapid improvements made to such applications-such as their increasing ease of use and their time and money-saving features-have brought the cost of conducting B2B transactions down substantially over the last decade, and most significantly over the last few years. Many energy industry segments have homed in on B2B niches that will save both time and money.These were a few of the prevailing themes that resonated at Zeus Development Corp.'s recent e-commerce conference in Houston. Meeting...

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