Water Management Firm to Use Data Gumbo’s Services for Efficiency
Antelope Water Management announces that it will use Data Gumbo’s blockchain platform in its oil and gas extraction services Go to Source Powered by WPeMatico
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Standard Chartered Makes Letter of Credit Transaction Using Blockchain
Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with Thai state-owned oil giant PTT Group Go to Source Powered by WPeMatico
Oil Markets Could Save 30% With Blockchain, Data Gumbo CEO Says
Global oil operators can save at least 30% by using blockchain, CEO of blockchain startup Data Gumbo said Go to Source Powered by WPeMatico
Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint
Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus to mine cryptocurrencies. This new business is growing … Read more
Venezuelan Petro Against US Sanctions: History and Use of the Crypto
Venezuelan P2P trade continues to flourish despite government efforts to drive adoption of the country’s controversial oil-backed cryptocurrency Go to Source Powered by WPeMatico
Shell Invests in Blockchain-Based Energy Startup
Shell, the world’s fifth largest oil and gas firm, invested in a blockchain-based energy firm Go to Source Powered by WPeMatico
China: Locals Allegedly Laying Cable via Fish Ponds to Steal Oil Well Power for BTC Mining
Police in China have reportedly gathered evidence of people laying cables via fish ponds to steal oil well power to fuel their bitcoin (BTC) mining Go to Source Powered by WPeMatico
Bitcoin Recovers to Trade Above $8,000, Oil Market Reports Losses
Digital currencies have shown modest gains on the day following a decline on June 8 Go to Source Powered by WPeMatico
Barrels of Oil May Be Paid for Using Crypto One Day, Head of Russian Energy Giant Says
The head of Russian oil company Rosneft has not ruled out the possibility of paying for oil using cryptocurrencies in the future Go to Source Powered by WPeMatico
Crypto Markets Show Signs of Recovery, While Oil Prices Slump
Digital currencies have shown gains on the day following yesterday’s correction Go to Source Powered by WPeMatico