Novus Consulting

Novus Consulting

Author: collide. April 8, 2024 Duration: 35:55

Kate Stevenson from Novus Consulting joins us to unpack the crucial role of data and tech in modernizing the energy industry. With experience from Accenture to Chesapeake, Kate’s seen it all, she’s now using that expertise at Novus to tackle one of the industry’s biggest challenges: data management. Clean, organized data is the bedrock for everything from AI to streamlined operations, and Kate breaks down how Novus helps energy companies get their data in order, even during tricky M&A transitions. We also dive into the future of field operations tech, from automating workflows to optimizing lease operator tasks. Kate shares insights on the midstream sector’s shift towards SaaS and standardized processes, creating real efficiencies and cost savings. Plus, she touches on Bitcoin mining's unexpected ties with energy management, hinting at new synergies between oil and crypto. It’s a fascinating look at how data and tech are reshaping energy, and Kate’s here to guide us through it.


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Click here to view the episode transcript.

00:00 - Intro
01:03 - Novas Consulting Overview
01:41 - Kate’s Professional Background
05:44 - Passion for Consulting
07:33 - Due Diligence in M&A
09:18 - Surprises in the Consulting Industry
13:08 - Breaking Departmental Silos
16:53 - Current Industry Conversations
20:37 - Impact of AI in Consulting
22:58 - Staying Relevant in Consulting
23:50 - Industry Leaning Trends
25:10 - Independents vs Super Majors
27:10 - Data Contextualization for AI
29:00 - M&A Season Insights
30:20 - Midstream vs Upstream Analysis
31:30 - Bitcoin Mining Overview
33:17 - Energy Implications of Bitcoin Mining
33:45 - Complexity in Energy Markets
34:02 - Closing Remarks

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Collin McLelland hosts Oil and Gas Startups Podcast, a series from collide. that goes beyond the headlines of the energy sector. Instead of rehashing market reports, this podcast digs into the human stories and novel ideas driving change. Each conversation focuses on the practical realities of building a company at the intersection of legacy industry and cutting-edge innovation. You'll hear founders explain the specific problems they're solving, learn how investors assess risk and opportunity in this complex field, and get candid advice from established leaders who have navigated the unique challenges of oil and gas. The discussions are grounded in real-world applications, whether it's a new software platform, a novel drilling technology, or a service designed to improve efficiency and safety. This isn't about abstract theory; it's a firsthand look at the people betting their careers on the future of energy. For anyone curious about entrepreneurship, business strategy, or the technological evolution within a foundational global industry, this podcast offers an unfiltered, insightful perspective. Tune in for genuine narratives that reveal how new ventures are conceived, funded, and scaled in one of the world's most demanding and dynamic business landscapes.
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