May 2001

E-Business

A look at downstream e-marketplaces

Extending your enterprise with an Internet forum can be rewarding, but work

Lee, J., Novoforum, Inc.

In a time when downstream margins grow consistently tighter, energy companies continue to explore Internet-related technology with the hope of increased competitive advantage. One such popular technology is the "e-marketplace," an online forum where goods are bought and sold. E-marketplaces provide access to online catalogs and are beginning to offer full transactional functionality for a wide range of products and services - anything from valve packing to H2S. There are now over 40 e-marketplaces for the oil and gas sector, with more being formed monthly. The tremendous opportunities created through online forum

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