Page 10 - NorthAmOil Week 39 2022

NorthAmOil NEWS IN BRIEF NorthAmOil

ability to fulfil its contracted supply mandate Collaboration is the only proven strategy to building products and other applications.
for water-borne crude oil (which have since make supply chain cybersecurity a reality,” Price increases will range from 9% to 20%
been resolved). Including the impact of these said Tobias Whitney, vice president of strategy depending on the product and grade and go
updates, operating expense per barrel for and policy for Fortress. “The Fortress- into effect for shipments beginning November
the third quarter of 2022 is estimated to be ONG-ISAC partnership will foster better 1, 2022.
approximately $4.25-4.50 per barrel, capture information sharing of cybersecurity risk to These price increases are necessary to help
rate on the benchmark Gulf Coast 2-1-1 crack the oil and gas industry.” offset significant and continuing cost increases
spread is anticipated to remain at 50%-54%, The Fortress Asset to Vendor (A2V) in labour, transportation, materials and
and total capital expenditures are estimated to Network will create an industry-wide risk manufacturing costs.
remain at $30-35mn, for the third quarter of management profile for all vendors and US SILICA HOLDINGS, September 27, 2022
2022, as previously communicated. suppliers used by all ONG-ISAC members.
VERTEX ENERGY, September 29, 2022 A2V information sharing ensures that when Grey Rock forms
one member identifies a vulnerability, all
members are notified. Fortress supports and partnership with Rebellion
SERVICES coordinates remediations requests with the
larger vendor community to facilitate timely Energy Solutions dedicated
Fortress Information and effective responses that save time, effort, to legacy oil and gas well
and money for ONG-ISAC members.
Security and Oil and Natural cybersecurity challenges as a united front,” remediation
“As an industry, we must face today’s
Gas Information Sharing said Angela Hahn, executive director of the Grey Rock Investment Partners, through
ONG-ISAC. “As an ISAC, we look to partners
Analysis Center to develop like Fortress to provide valuable insights its affiliated investment vehicles, today
announced an agreement to make an
about risk and threats that could impact our
collaborative to secure members.” investment in Rebellion Energy Solutions
and fund additional growth of the company.
ONG-ISAC members will have access to
supply chains the A2V Library. They will be able to purchase Rebellion intends to use the committed capital
specific Supply Chain Risk Management
to execute on its strategy of reducing methane
Fortress Information Security and the Oil and (SCRM) products, including the Fortress emissions and mitigating environment
Natural Gas Information Sharing Analysis Software Bill of Materials (SBOM)/Hardware impacts from legacy oil and gas wells.
Center (ONG-ISAC) today announced an Bill of Materials (HBOM) analysis libraries. Rebellion is well positioned to address the
industry-wide initiative focused on securing FORTRESS INFORMATION SECURITY AND ongoing strain of asset retirement services
hardware and software components and THE OIL AND NATURAL GAS INFORMATION on the industry, while meeting increasing
supply chains. SHARING ANALYSIS CENTER, September 27, demand for reduction of methane emissions
The software and hardware used by oil 2022 from which carbon offset credits can be
and natural gas systems are critical to the generated and registered.
industry’s reliable and safe operation. In US Silica announces price Led by chief executive officer Staci
addition, the supply chains for these products Taruscio, who has nearly 20 years of energy
are at increased risk of compromise. Fortress increases on industrial and industry experience, Rebellion operates
will enable ONG-ISAC members to manage with a strategic approach to quantifying and
these risks securely and cost-effectively. specialty products diminishing the negative environmental
For more than two years, Fortress has impact of non-producing oil and gas wells
operated a central repository of data on US Silica Holdings announced today that its by properly and efficiently decommissioning
hardware and software supply chains for industrial and specialty products segment will them and restoring impacted lands.
major utility companies, the Department increase prices for most of its non-contracted “We are excited to partner with the team
of Defense, and other clients. Fortress will silica sand, aplite, limestone, diatomaceous at Rebellion who has unique expertise in
replicate its risk and remediation programs for earth, perlite, engineered clays and non- petroleum engineering, field operations,
the oil and gas industry. activated clay products used primarily in impact measurement, and land restoration
“Hardware and software supply glass, filtration, foundry, paints, coatings, to offer solutions that help reduce carbon
chain security is complex and dynamic. elastomers, roofing, chemicals, recreation, emissions,” said Matt Miller, Grey Rock

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