Undergoing one of the most transformational changes that redefine the oil and gas industry, companies today are keen on cost-effective production, bringing in unconventional technologies and reformed processes. According to the National Energy Agency, the global demand for natural gas is expected to rise by 2.2 percent per year by the end of 2019. To meet this demand, the need of the hour today is an integrated solution that offers real-time visibility to manage natural gas scheduling and storage. Enabling natural gas professionals to perceive superior ways to stay abreast daily imbalances and avoid pipeline penalties, Allegro’s commodity management solutions offer risk managers in the oil and gas business with a comprehensive approach to curb down uncertainty and risk. The firm enables companies in amplifying profitability across a complete spectrum of physical logistics, financial transactions, and regulatory compliance.
“As more customers choose to reduce risk and improve returns by streamlining their commodity management processes, Allegro provides the most comprehensive, extensible, and easiest-to-use solutions,” says Frank Brienzi, CEO, Allegro. The company’s natural gas component empowers clients to easily manage scheduling and customizable Electronic Bulletin Board (EBB)-like views, fabricate and manage detailed storage plans, handle event based-and-loan contracts, and oversee imbalances comprehensively.
Today, a complete liquefied natural gas (LNG) component, including producing, transporting, loading, storing, and re-gasifying LNG, entails major operating challenges. In order to solve this, the Allegro LNG component manages the entire LNG lifecycle—from product process scheduling to capturing physical transaction and tracking best available physical positions. Allegro integrates all physical and financial aspects to organize the entire LNG lifecycle. Additionally, Allegro’s natural gas midstream component allows shippers and operators to effectively manage their natural gas liquid (NGL) products.
As more customers choose to reduce risk and improve returns by streamlining their commodity management processes, Allegro provides the most comprehensive, extensible, and easiest-to-use solutions
Not so long ago, SourceGas—a natural gas local distribution utility—was in need of a new gas operations software solution to replace their current systems. The client had been using a combination of spreadsheets, third party software, and fragmented proprietor systems that lacked integration and automation. The firm needed a solution that would provide business process optimization to boost efficiency, curb costs, and integrate processes and data for all departments. In order to solve this, Allegro was able to standardize SourceGas’s processes rapidly and proffer a single solution that could regulate, intricate segmented business processes successfully. Currently, SourceGas has the ability to capture physical and financial natural gas trades, manage transportation, actualization and invoicing cost effectively. “The ability to capture physical and financial transactions in one system has been invaluable to our organization. The Allegro interface is incredibly user friendly,” says Amy Orr, Director of Risk Management, SourceGas.
“Over the past few years, the company has experienced tremendous growth fueled by great customers, products, and people. Moving forward, we will focus on strengthening our business efforts in the Americas, Europe, the Middle East and Africa (EMEA), Asia-Pacific (APAC), and building customer references through enhanced value across our customer base,” explains Brienzi. The company’s plan for 2016 and beyond include a new product configuration called Allegro Horizon, which embodies the firm’s progressive, global qualities, and provides visibility across the entire commodity management lifecycle. “With a seasoned executive team now in place and re-energized product strategy, 2016 will prove to be another banner year for Allegro,” states David Fishman, an Allegro board member.