The Petroleum Industry Data Exchange (PIDX) has been in operation for over 25 years and is the e-Business Standards Body for the Oil & Gas industry. PIDX provides a global forum for delivering process, information and technology standards that facilitate seamless, efficient electronic business within the global energy industry and its trading community.
PIDX’s vision is to achieve petroleum industry and enterprise-wide integration of business processes through seamless electronic business communication, and in order to achieve this, serves both the upstream and downstream segments of the Oil & Gas industry. The upstream segment encompasses oil and gas exploration and extraction – from the reservoir and well, to the refinery gate. The downstream segment encompasses the refining of oil and gas products and eventual sale to consumers. These two sectors of the energy industry – operating all over the world in a multitude of languages, environments and cultures – involve highly complex business processes and practices. So, the implementation of uniform electronic commerce standards is of utmost importance to the industry, yet very difficult and time consuming to achieve. The goal of PIDX is to bring solutions to these problems.
Actian Business Xchange has participated in many PIDX initiatives over the years, and joined PIDX as a full member in 2011. The team plans to continue contributing to PIDX’s efforts for many years to come.
The mission of PIDX is to develop and publish technology, information and business process standards that enable the implementation of electronic commerce in the energy industry worldwide. PIDX provides a forum for all industry participants to participate in the development of business processes and technology standards that facilitate seamless, efficient electronic commerce within the petroleum industry and its trading community. These actions promote the common business interests of its members: Operators, Oil Field Service Companies, and members like Actian and other IT solutions providers. PIDX members work in partnership with the petroleum industry as a whole by developing and making such standards available and improving the capabilities of each member of the petroleum industry and its trading community to do business with each other.
History of PIDX (1987 to 2013)
In 1987, The American Petroleum Institute (API) created The PIDX Committee, which served as a standards committee that developed and published standards to facilitate the adoption of electronic commerce (e-commerce) in the Oil & Gas industry. Implementation of electronic commerce in the petroleum industry has generated – and continues to generate – substantial cost savings and efficiencies for the industry, allowing savings and benefits to be passed on to consumers. The PIDX Committee’s electronic commerce standards have historically been made available free of charge to all industry participants.
In 2010, API decided to stop hosting the operations of the PIDX Committee, and sought requests for proposals from interested standards bodies and other entities that could best carry out the Committee’s nonprofit mission.
A new corporation formed by members of the PIDX Committee, called Petroleum Industry Data Exchange, Inc. (PIDX, Inc.), won that selection process and was selected by API to continue the Committee’s mission.
PIDX, Inc. will continue to develop e-commerce standards for the benefit of all industry participants and to make these standards available free of charge. Unlike the Committee, PIDX, Inc. is a standalone corporation controlled by its members, and not connected to API. PIDX, Inc. has obtained 501(c)(6) status as a trade association so it may perform independently the same tax-exempt mission that was formerly carried out under the auspices of API.
For more information on PIDX please visit http://www.pidx.org/about.htm