Upstream B2B ventures Internet, B2B e-commerce JVs remold industry's upstream sector

No one can dispute that continuing advances in technology and growth in use of the internet are having a profound impact on the oil and gas industry.Not so apparent, however, is how the resulting "new economy" built around electronic commerce will forge itself in an industry largely perceived as rooted deeply in traditional-if not conservative-methods of conducting business and managing work flows.Focusing on this future picture, nonetheless, is getting easier. Over the last 6-12 months, the oil and gas industry has continued taking strides toward embracing new internet technology through the formation of myriad combinations of business-to-business (B2B) partnerships, aimed particularly a...

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