Cloud Power

Digital Innovations in Oil and Gas with Geoffrey Cann

#ETRM #CTRM

One of the last remaining domains of energy yet to fully embrace the cloud is Energy Trading and Risk Management (ETRM). Despite the key role it plays, the broader oil and gas sector (producers, supply houses, traders, agents) cling to old legacy ETRM systems—clunky, costly, and a pain to integrate into complex application portfolios. Trading is a high stakes game with few users, and the risk of modernizing these systems is very worrisome.

However, the energy sector is now overdue to tackle ETRM, driven by rapid changes in commodity markets and global geopolitics. The emergence of new commodities such as renewables and the realignment of supply chains because of sanctions and conflicts, really requires systems that can adapt quickly and efficiently.

Legacy ETRM systems, rigid and isolated, struggle to cope with these new realities. Cloud-based solutions, however, offer the agility to address rapid growth in renewables and the complexity of modern energy trading.

In this episode I speak with Sameer Soleja, the Founder and CEO of Molecule, who set out to disrupt this stagnant landscape. Sameer launched a new ETRM solution that improves the user experience through an emphasis on ease of use, automation, and reliability.

Reference Links For Molecule 🖥️ website: Molecule.IO 📇 Linkedin: Sameer Soleja 🖥️ LinkedIn: Molecule.IO 📧 email: [e-mail] Additional Tools & Resources From Geoffrey 🎬 Go backstage and check out my studio: 👉 https://geoffreycann.com/resources/ 🎓 Take my one day digital strategy training course for oil and gas: 👉 https://www.udemy.com/course/digital-... Connect with Me: 🖥️ Blog series: https://digitaloilgas.substack.com/ 🎧 Podcast: https://geoffreycann.com/broadcast/ 📇 Linkedin: / brand-ambassador-digital-for-energy 🤬 X: / geoffreycann Contact for Lectures and Keynotes: I speak regularly on these and other topics. Contact me to book a brief call about your upcoming event needs. Click here 👉 https://geoffreycann.com/contact/