There have been rumors in the market recently that ConocoPhillips had signed a significant new contract with Triple Point. I had the chance to talk with Peter Armstrong, Triple Point’s president and CEO, recently and he confirmed the rumors with the following statement, ConocoPhillips, a long-time customer of Triple Point, has just licensed additional components of the Triple Point platform for natural gas, power, and LNG trading and risk management and also for power scheduling.

While he indicated that he wasn’t at liberty to provide any additional details, he did say, “Obviously we’re very proud of winning this business. Deals of this caliber are the best validation of our multi-commodity strategy - a strategy backed by product excellence and superior technology.”

It’s clearly a big win for the company. Following on from the (still unannounced) Cargill deal of a couple of months ago, this win would seemingly position Triple Point well for another record revenue year, despite what is for many vendors, a difficult market.