The global oil and gas industry is at least a century old but the technology used to find, evaluate, process, refine, distribute, and trade is ever changing. Over the past 20 years, the multitude of data processing and communication networks used by the industry has consolidated into eBusiness.

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Industry Standards Part 2 – PIDX
Petroleum Industry Data
eXchange
Theglobaloilandgasindustryisatleastacenturyold
butthetechnologyusedtofind,evaluate,process,refine,
distribute,andtradeiseverchanging.Overthepast20
years,themultitudeofdataprocessingand
communicationnetworksusedbytheindustryhas
consolidatedintoeBusiness.ThePetroleumIndustry
DataExchangeInternational(PIDXInc.)isthenon-
profitstandardsbodyfore-commerceintheglobaloil
andgasindustry.Anindustry-managedbody,its
missionistoprovideaglobalforumtodiscuss
standards,solutionsandapplicationsforinformation
technologythatstreamlineandsupportelectronic
commercebetweenorganizationsintheoil,naturalgas,
commoditiestradingandeCommercebusiness
communities.
Theoilandgasindustryconsistsroughlyoftwosectors,
upstream,theexplorationandextraction,and
downstream,theprocessingandtradingofoilandgas.
Takingintoaccounttheglobalnatureofthebusiness,
varietyinlanguages,cultures,politicalenvironments
andbusinesspractices,implementinguniforme-
commercestandardsisanecessarychallenge.That’s
wherePIDXcomesin,bringingsolutionsthatfocuson
boththeupstreamanddownstreamsectorsofthe
industry,facilitatingandadvisingbestpracticesinoil
andgas,fromexplorationandrefinementallthewayto
tradeandsaleonthemarket.
PIDXisavoluntarymembershipgroupconsistingof
operators,suppliers,technologyproviders,andother
organizationsinvestedinreliableandefficiente-
businessindustrystandards.
Thesemembersformthecommitteesthatdevelop
proposedsector-wideandindustry-widestandards.
PIDXisgovernedbyindependentboardmadeupof
member-representativeselectedfromparticipating
PIDXcommitteecompanymembers.PIDXstandards
andpublicationsarebytheindustryfortheindustry.
PIDXpublishesthesestandardsinmultiplelanguages
overmultipleplatformstoprovideaforumforall
industrystakeholderstoparticipateinthedialogueover
industrystandards.Standardspublicationsarefreeof
charge.PIDXalsohostsandfacilitatesregional,
national,andinternationalmembershipmeetings,
educationalworkshopsandindustryconferencesaround
theglobetoconnectmembersandrelevantpartiesand
buildnetworkedcollaborations.
Intoday’slightning-fastworldofe-commerce,the
varietyandsheernumberofplayersonthefieldcanlead
toindustrydrift,duplicatingeffortsandcausing
unwantedredundanciesinthewaybusinessis
conductedelectronically.PIDXaddressesthisriskhead
onbyintegratingstakeholderswiththeexperienceto
keeptheindustryunifiedunderstandardsthatmake
senseforthefirmsintheindustry.