Hamburg, Germany (April 21, 2021)
The only cloud on the horizon for the oil and gas downstream industry when entering 2020, was the latent impact of the energy transition. The global COVID-19 pandemic caught the industry off-guard. Demand for transportation fuels fell by significant amounts and travel restrictions as well as WFH governmental recommendations left vehicles abandoned in their parking spots.
As countries tentatively emerge from lockdowns, the oil and gas industry is facing a number of challenges
- A longer-term demand decline caused by an economic downturn
- The accelerating shift to greener energy sources
- Pressure on profits and margins improvement
The coming year’s transformation journey will have some clear winners and consolidation targets. But every company will have to push as far down to the transformation path as possible.
We still believe that the industry has the capability of delivering another decade of long term growth. But this requires a stronger vision than ever, and investment in new technologies that allow remote operations, strong discipline on operating expenses, and restriction of capital expenditures.
As Roicéad we believe that solutions that will digitise the operations
- Boost productivity
- Reduce costs
- Optimise the supply chain
will be factors that will create the quickest and sturdiest foundation for success.
We launched our first MVP (Minimum Viable Product) solution in the market using the SAP Cloud Platform as a technological layer on an iPaaS model that is increases organisational agility to deliver fast easy to adopt and cost affordable solutions. Our focus is to provide tools that companies they will use as basis of their growth strategy.
Aim to improve the forecasting and planning process amid ongoing price volatility, as well as reduce the risk of oversupply during peaks, in order to weather future market cycles.
This represents only the first phase of the necessary solutions for the industry. Our main goal is for this initial solution to act as the foundation for an industry solution cloud that will integrate technologies, advanced analytics, machine learning application in the near future.
For more information and for a real live demo of our MVP solution powered by SAP® BTP get in touch with us at info@roicead.com.
Developing and Implementing an Operating Model that is Oriented Around the Cloud.
Hamburg, Germany (February 02, 2021)
The oil and gas downstream industry is currently at crossroads. Action needs to be taken, and companies can no longer afford to just “wait” for their ERP systems to upgrade.
There is an agile way to move forward.
For the last 2 years we have been quietly working hard in the background –investing and building a sustainable and easily adoptable industry solution on the SAP Cloud Foundry platform.
We are now ready and committed to enabling all oil and gas downstream companies to accelerate their digital transformation in full alignment with their business strategy and risk constraints.
We will be launching our Minimum Viable Product proposition on an iPaaS model in the first week of March 2021.
Stay tuned!
For more information about Roicéad GmbH please click here, or visit our linkedin page or email us at info@roicead.com.
The ongoing global pandemic is becoming the challenge of our times.
Hamburg, Germany (July 07, 2020)
At the beginning of COVID-19 many companies, assumed that after the lockdown ease will return soon to the normal; As they has done before they would simply turn the lights on and go back to work. Nevertheless for all of us is becoming progressively clear, the post pandemic normal and the return to work will be a much more complex process that could leads us for certain in most part of 2021.
The new normal is a long process and we must accept and recognize that many familiar organization constructs, choices and operational models and investments of the past need to be reimagined. Most oil and gas downstream companies, even the well – run ones, must seize the moment to reimagine and reinvent the future, building new power and extending their capabilities to become stronger on the road of recovery.
All industry players comprehend that the era of mega projects and mega spending is by far gone. All we have to adapt in the new reality. Everyone now speaks and promise innovation and digitalization road map. The equilibrium for innovation and change is reached from some time now. The answer is loud and clear.
Almost all Enterprises are running on SAP platform. For the downstream industry though the message for the new normal and the industry future from SAP® is not clear and loud, at least for now.
As Roicéad we would like to act as visionaries and inspire the organisations in this industry with a clear vision of the future, and to give them methods and tools that to catalyze innovation, change, and growth using the SAP Cloud platform as the vehicle of change.
The running on new service based cloud operational models are here to offer
- superior advantage for running efficiently processes
- full scale analytics
- farfetched low TCO with no capital investment
- diminutive implementation cycle that the industry is not used so far
It’s vital for enterprises to recognize that innovation and changes in technology require also a new set of skill sets for their teams. Critical thinking skills at different levels of the business, increasing their employees’ capacity to absorb the new technology and to benefited from the use of advanced analytics, must be part of the fresh learning package that will bring the innovation and changes by the new technology in the organisation.
We have the vision and the answer. We developed already for the downstream retail area and the fleet card processes user friendly and instant understandable apps running on the SAP Cloud foundry platform to prove our vision and to provide a platform and concept of growth. A platform that can combine connectivity, agility, flexibility, analytics in an iPaaS model offer.
Fortune will favor the bold—and the speedy. We would like to partner with those.
For more information about Roicéad GmbH please click here, or visit our linkedin page or email us at info@roicead.com.
New Start up in Hamburg focusing on Downstream Oil & Gas Network Economy.
Hamburg, Germany (July 30, 2018)
Well known oil & gas downstream professionals Christian Dustmann and Dimitris Pagonis have taken the unprecedented step of founding a company aimed to be a game changer in the oil and gas downstream sector by providing innovative cloud solutions based on the SAP® Cloud Platform that will accelerate the move of the sector towards a network economy. The Company is named Roicéad GmbH (Ro-ke-d) derived from the Irish name for rocket. Both founders have strong and deep connections in Ireland, having served successful companies in the sector originating or operating on Irish soil for the last 7 years.
Located in Hamburg, Roicéad is taking a novel approach to providing innovation, cloud-platform and digital transformation strategies and solutions compatible with a network economy in the oil & gas downstream Industry. Unlike other IT companies in the sector that focus primarily on delivering software or services and developing individual platforms, Roicéad’s focus is on solutions which can be used by every company in the market, independent of market share, company owned assets and operational model. – “Our solutions are the foundation for a collaboration between all stakeholders in the industry; Roicéad has identified a significant potential in cloud business for the industry providing new innovative and digital solutions for seamless, re-engineered and streamlined end-to-end processes. We are really excited to be finally reaching out to new potential clients”. Christian Dustmann says.
Roicéad is aiming an SAP ® Partnership to cloud solutions according to the SAP® Product Strategy in the oil & gas industry. The target is to launch the first product focusing on an innovative fleet card processing by retail sites in Q2 2019. Dimitris Pagonis says. “Over the past few years we have developed new service concepts and models that have been very well received on the market. The reaction and the feedback that we accumulated were the driving force for doing a lot of leg work and research in order to measure the market demand. It’s been worth it, as our ideas and conceptions are proving to be invaluable to our clients’ decision making”.
Although Roicéad is a new company, its founding partners have a well-established track record in the industry. Christian Dustmann carries extensive business experience in international management consulting, commercial and contractual project management. Dimitris Pagonis has a deep understanding of oil & gas downstream operations and vast experience on SAP® Projects running on the oil and gas platform, IT solution architecture design that covers retail networks , terminals and refinery systems, as well as supply chain optimisation initiatives . The partners are excited to leverage their experience and relationships to better serve the downstream market. They view their service complementary capabilities and market knowledge as a tremendous value to oil and gas companies, and industry service providers such as fuel card companies that wish to gain a competitive edge and realise cost savings. Pagonis explains: “It is evident that IT complex solutions and platforms are still one of the largest expenditures for the oil and gas companies. As most of them are running on the SAP ® platform, soon they will be challenged to follow SAP® Strategy on an upgrade path. The pressures of digitalising their business and adapting to the new IT trends are enormous. The companies that will be the race winners are those who will have the agility to adopt innovation faster than the rest.”
Roicéad is an innovative company that was founded on three principals: optimisation of the business processes in the context of fast changing market conditions, focus on models which satisfy the changing needs of customers and meeting the objective of long-term customer loyalty to the company.
For more information about Roicéad GmbH please click here, or visit our linkedin page or email us at info@roicead.com.