ENI Joins Trade-Ranger; Italian Energy Company Expands Global Representation for Industry's Premier Internet Marketplace.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--March 13, 2001 Trade-Ranger, the Internet marketplace See vertical portal and Web hub. launched by the world's leading energy and petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. companies, today announced that ENI, an integrated energy company operating in the oil, natural gas, power generation and petrochemicals industries as well as oilfield services and engineering, has joined its marketplace as a founding equity member. ENI's existing e-procurement strategies and operations complement the Trade-Ranger offering and provide a foundation for more complex technology offerings to be added for all members. "Adding ENI not only solidifies our European base, but provides Trade-Ranger with a strategic partner that brings immediate value to a truly global and functional marketplace," said Claire Farley, chief executive officer of Trade-Ranger. "Having a company of ENI's stature stature /sta·ture/ (stach´ur) the height or tallness of a person standing.stat´ural stat·ure n. The height of a person. stature the height of an animal in the standing position. commit to our marketplace demonstrates that we are bringing an unmatched value proposition to sellers and buyers in our industry." As one of the largest energy and petrochemical companies in the world, with its large Italian operational base spanning 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 to the North Sea, ENI will be a key international partner in Trade-Ranger's global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. . Through ENI's multiple subsidiaries, ENI Power, Snamprogetti, Snam, AgipPetroli, EniChem, Saipem, the company's business interests are reflective Refers to light hitting an opaque surface such as a printed page or mirror and bouncing back. See reflective media and reflective LCD. of each sector served by Trade-Ranger: upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger , downstream, retail and petrochemical. ENI conducts operations in more than 70 countries and produces more than 1 million barrels of oil equivalent a day. "As we explored ways to increase our global reach, develop new relationships and expand the ones we already had within the industry, Trade-Ranger became the natural vehicle to help achieve our goals," said Vittorio Giacomelli, senior vice president of Global Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. for ENI. "ENI is pleased to be working with the energy industry's leading companies in developing a marketplace that will enhance the way we do business." About Trade-Ranger Trade-Ranger is a truly global, premier Internet-based marketplace, leading the development of e-supply chain management in the energy industry. Built with the support and feedback of the world's leading energy and petrochemical companies, Trade-Ranger is an independent, neutral and secure marketplace dedicated to bringing sellers and buyers together, including those in upstream, downstream, retail and petrochemical sectors. For additional information, please visit www.trade-ranger.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion