Oil News

Major oil companies including Chevron, Exxon Mobil and Royal Dutch Shell have enlisted Data Gumbo to manage water in North Dakota’s oilfields using blockchain.

A Sinochem subsidiary is reportedly in negotiations with Shell and Macquarie regarding the development of a blockchain platform for the oil sector.

A company providing water management services to oil-and-gas companies is going to use Data Gumbo’s blockchain platform to automate its services.

A blockchain letter of credit transaction in the oil industry has been sent by Standard Chartered with Thai state-owned oil giant PTT Group.

Global oil operators can save at least 30% by using blockchain, CEO of blockchain startup Data Gumbo said.

Venezuela is leading the crypto peer-to-peer BTC trade market, despite government efforts to drive adoption of its oil-backed cryptocurrency, Petro.

The world’s fifth top oil and gas firm, Shell, has invested in a blockchain-based energy firm.

Police have reportedly gathered evidence of people laying cables via fish ponds to steal oil well power to fuel their BTC mining.

The top 20 cryptocurrencies are showing mixed signals, with bitcoin back over the $8,000 price mark.

Igor Sechin, the head of Rosneft, believes that barrels of oil could one day be paid for using cryptocurrencies.

Friday, May 31 — cryptocurrencies are on the rise again after seeing a slight correction yesterday, May 30, with EOS (EOS) being the only coin among the top-20 ...

Venezuela’s representative to the UN reportedly revealed that the country is working with Russia to use oil-backed coin Petro.

Bitcoin continues to trade near $8,000, with other top 20 cryptocurrencies reporting mixed signals.

Following a solid to break above the $7,400 mark earlier today, bitcoin has broken $8,000, with all top-20 cryptocurrencies trading in the green.

Data Gumbo Corp. has raised $6 million from major energy companies, including the venture wing of Saudi Arabian national petroleum and natural gas company Saudi...