Last year has been pivotal for the oil and gas industry. On one side the crumbling oil prices were a constant worry for the professionals and on the other side, companies were experimenting with various ways to keep their business afloat. And one such idea that changed the industry’s perspective towards procurement was Online Marketplace.
This article will talk about 5 recent marketplaces to look out for in 2021.
Top 5 O&G E-Commerce Platforms
- ENERGY DAIS
Energy Dais is a digital oil and gas directory which has recently launched an online procurement space for the industry. The marketplace enables buying and selling of new, used and refurbished equipment. They have made it easy for the buyers and sellers to connect with each other regardless of the geographies and do business.
In its endeavour to provide a chance to companies to broadcast their offerings to the world, Energy Dais has various ad spaces and marketing techniques in place. Post-launch, the marketplace has been joined by 100+ sellers and over 50+ equipment have been sold. The trusted online payment process is one of the major features of the product that has been a hit amongst industry professionals.
Here is the link to the marketplace: https://www.energydais.com/search/
2. OILFIELD MARKETPLACE
Schlumberger’s initiative to introduce the online buying experience to the industry resulted in the Oilfield Marketplace. The platform has a fixed-line of products that can be purchased. And for now, all the facilities of this platform are restricted to the United States only.
Since OFMP has a fixed product line, it does not allow any other seller to register with the platform. It also provides an online payment facility and ensures full transparency and trust. The platform has been built to provide a smooth and hassle-free user experience to the industry.
Here is the link to the marketplace: https://theofmp.com/ofmp/en/USD/
3. TRADEQUIP INTERNATIONAL
Tradequip is one of the oldest and most trusted marketplaces of the industry. It has an option to rent sale or auction tools and equipment. The platform has various pricing options for the sellers to choose from. Other than that, Tradequip has made it very easy for the users to set up their account and get started. Moreover, it is one of the most sought after marketplace in the industry at the moment with the highest traffic.
Here is the link to the marketplace: https://www.tradequip.com/
4. PETRO RIGS
Petro Rigs is one of the most popular marketplaces for buying and selling drilling, oilfield, and production equipment. It has sellers from Africa, Asia, Europe and North America. It is one of the best places to find vendors across various geographies and do business. The prices of the equipment are some of the best in the market and the communication process is transparent.
Here is the link to the marketplace: https://www.petrorigs.com/
5. RUN IN ALL
Run In All is one of the recent addition to online procurement space. Based out of Houston, Run In All has started with a mission to create a business at almost no cost. As a part of this mission, the platform has made sure that you get whatever type of equipment you are searching for by collaborating with different sellers across the world. It also provides delivery options in case any buyer needs it.
Here is the link to the marketplace: https://runinall.com/
It would be interesting to watch how the industry adopts this change which is a lot different from the current conventional way of procurement. Every month there is a new marketplace with better technology and processes in the market giving competition to the existing players. Who makes it big and lasts will be a treat to watch. To understand how the concept of marketplace started gaining popularity, read Oil and Gas Marketplace 101: Why does the industry need one?.