For Immediate Release February 28th, 2019
Oriental Energy (Singapore) International Trading Pte Ltd Licenses Entrade
OE has contracted the use of Enuit’s flagship software
Singapore — February 28th, 2019 — Enuit, LLC (Houston, Texas) announces Oriental Energy International’s (OE) selection of Enuit’s Entrade Energy Trading and Risk Management (ETRM) Solution system to manage its Liquified Petroleum Gases (LPG) trading business.
As mentioned by Karen Zhou, Vice President at Oriental Energy, “It was an easy decision after our initial introduction to Entrade as it is comprehensive from front to back, i.e. risk, workflow controls, exchange/accounting interfaces, at a reasonable price.”
By the end of 2019, Enuit will implement and deliver Entrade for OE, their ETRM system. “This new partnership allows us great opportunities and helps both companies expand beyond their present capabilities.” said Tony Teo, Director of Enuit’s Singapore office.
Over the next six months, a full release and implementation of the software will be made, allowing OE to better analyze their position in the market and establish a clear value of their production. “Entrade will help us optimise our risk managment,” shared Karen Zhou.
Tony Teo elaborated “Entrade’s out-of-the-box cloud solution allows for quick deployment, one of the key reasons Oriental Energy selected Entrade. Many Enuit clients have chosen Entrade for this reason too.”
Oriental Energy is an LPG trading company established in 1996, with its headquarters located in Nanjing city, China. Over the 23 years since they were founded, the company has engaged in distributing and developing clean energy and have expanded their operations from domestic distribution to international trading. The company is listed on the Shenzhen stock market in March 2008.
Enuit, LLC is a software development company specializing in software solutions for commodity trading and risk management enterprises. Its primary office resides in Houston, Texas, USA, with other offices located in Beijing, China, Singapore, and London to serve markets in China, Asia-Pacific, Middle East, Europe, and North America.
For more information on Enuit’s Entrade Solution visit our website: https://www.enuit.com
For more information about Oriental Energy Company Ltd visit their site here: https://www.chinadhe.com