Allegro Wins Energy Software Contract For Noble Energy Inc.DALLAS -- Allegro Development today announced it has been selected by Noble Energy Inc. to supply its industry-leading Allegro v.7 software in support of Noble Energy's marketing operations for gas and crude oil, and risk management initiatives. Noble Energy is one of the nation's leading independent energy companies and operates throughout major basins in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. including Colorado's Wattenberg Field, the Mid-continent region of western Oklahoma Western Oklahoma can usually be defined as all territory west of Interstate 35, and west of Oklahoma City. It is usually broken up into two primary regions: Northwestern Oklahoma and Southwestern Oklahoma. and the Texas Panhandle, the San Juan Basin The San Juan Basin is a drainage basin and geologic structural basin in the Four Corners region of the Southwestern United States; its main portion covers around 4,600 square miles, encompassing much of northwestern New Mexico, northeastern Arizona, and parts of Colorado and Utah. in New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , the Gulf Coast and the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . In addition, Noble Energy operates internationally in Argentina, China, Ecuador, the Mediterranean Sea Mediterranean Sea [Lat.,=in the midst of lands], the world's largest inland sea, c.965,000 sq mi (2,499,350 sq km), surrounded by Europe, Asia, and Africa. Geography The Mediterranean is c.2,400 mi (3,900 km) long with a maximum width of c. , the North Sea, West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. and Suriname. Noble Energy markets natural gas and crude oil through its subsidiary, Noble Energy Marketing, Inc. The selection of Allegro's multi-commodity software was the culmination of a comprehensive evaluation of more than ten vendor solutions, conducted over eight months. The evaluation process also included a full pilot program prior to the final selection of Allegro. The requirements for an advanced energy trading, transaction and risk management system focused on enhancing the company's crude oil marketing processes. As a result, the solution selected needed to provide extensive functionality to support business processes across workgroups as well as the ability to easily integrate with existing computing infrastructure and applications environment. "Allegro's utilization of the latest technologies such as a service-oriented architecture See SOA. and Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. result in a system that provides highly integrated front-to-back office application functionality and the flexibility to adapt to future changes," stated Fasih Hussain, vice president of business development, Allegro. "These capabilities were instrumental in winning this contract." Allegro's modular application software components can stand alone or be part of a broader Allegro solution in any combination, seamlessly integrating with front, middle and back office processes. As a result, Allegro v.7 is highly configurable and extensible, providing far-reaching communication and collaboration capabilities at any level within an organization to meet specific objectives. About Allegro Allegro designs and delivers energy trading, transport and risk management software that gives traders, risk managers, and other decision-makers fully scalable, flexible solutions that are easy to integrate, deploy and modifyCoenabling companies throughout the energy industry to gain compelling advantages while keeping pace with volatile markets and emerging strategies. Allegro advantages include more accurate understandings of market dynamics and risk, unprecedented efficiencies and collaboration among teams across the enterprise, full integration of physical product management and financial transactions, and more. Now in its seventh major generation over 20 years, leading energy companies worldwide rely on Allegro. For more information, visit www.allegrodev.com. |
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