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Thai Oil and Gas Firm Develops Blockchain-Based Renewables Platform
11.9.2019
Thai oil and gas firm PTT is jointly developing a regional blockchain-based renewables platform with the Energy Web foundation
Oil and Gas Sector Opens Up for Blockchain Technology
11.9.2019
A newly formed consortium of oil and natural gas majors is gearing up to deploy the breakthrough technology of Blockchain in the United States. OOC Oil and Gas Blockchain Consortium, which is based in Houston is assertive that the Blockchain technology can be helpful to improve the administrative...
Oil Giants Hire Blockchain Startup to Manage Water in Bakken Fields
11.9.2019
Data Gumbo to run water for North Dakota’s oil fields via blockchain tech for heavy hitters like Chevron, Exxon Mobil and Royal Dutch Shell
Report: Shell and Sinochem Discuss Blockchain Platform for Crude Oil
6.9.2019
Sinochem Energy Technology is reportedly discussing building a blockchain platform for the oil sector with Shell and Macquarie
Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder
31.8.2019
Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong...
Firm Accused of Touting ‘Snake Oil Crypto’ Sues Conference Organizers
26.8.2019
A crypto firm heckled at the Black Hat hackers’ conference is suing the event organizers for failing to protect it from backlash
The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt
21.8.2019
Last year the World Bank and the Commonwealth Bank of Australia announced a permissioned Ethereum-based blockchain to facilitate the end-to-end issuance of bonds between financial partners. The Bretton Woods-created financial institution hopes to make debt capital markets far more efficient with...
Standard Chartered Conducted First Transaction on Oil Industry by Using Voltron Blockchain Platform
8.8.2019
In a recent announcement, the bank said it had effectively accomplished the first international LC (letter of credit) transaction on the oil business-focused blockchain Voltron platform. It is the pilot exchange for PTT Group, PTT International Trading, and IRPC Public Company Limited, which...
Standard Chartered Makes Letter of Credit Transaction Using Blockchain
7.8.2019
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
Standard Chartered Completes First Transaction on Oil Industry Blockchain Platform Voltron
7.8.2019
Standard Chartered Bank has completed the first international letter of credit transaction on the oil industry blockchain platform Voltron
Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint
19.7.2019
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...
Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned
12.7.2019
According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into...
Oil Giant Shell Invests in Startup That Uses Blockchain Tech for Energy Tracking
11.7.2019
A blockchain startup that says it's working to give energy consumers more choice has raised an undisclosed sum from Shell and Sumitomo Group
Shell Invests in Blockchain-Based Energy Startup
10.7.2019
Shell, the world’s fifth largest oil and gas firm, invested in a blockchain-based energy firm
As Oil Demand Falters, OPEC Decides To Keep Output Cuts Into Next Year
1.7.2019
The OPEC countries’ share of oil production may have become far less than what it used to be, but the institution is still regarded as one of the most powerful bodies when it comes to the oil industry. The soaring production levels of shale oil in the United States and the weak outlook with regards...
China: Locals Allegedly Laying Cable via Fish Ponds to Steal Oil Well Power for BTC Mining
13.6.2019
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
Bitcoin Recovers to Trade Above $8,000, Oil Market Reports Losses
10.6.2019
Digital currencies have shown modest gains on the day following a decline on June 8
Barrels of Oil May Be Paid for Using Crypto One Day, Head of Russian Energy Giant Says
6.6.2019
The head of Russian oil company Rosneft has not ruled out the possibility of paying for oil using cryptocurrencies in the future
Crypto Markets Show Signs of Recovery, While Oil Prices Slump
1.6.2019
Digital currencies have shown gains on the day following yesterday’s correction
Crypto Assets Outshine Most Traditional Investments in 2019
29.5.2019
Last year, cryptocurrency proponents either complained about the low prices or celebrated the fact they could obtain cheaper coins. 2019 has been an entirely different story, however, as digital assets have started to gain significant value in comparison to traditional assets like stocks, oil,...