Oil News

The oil industry is facing some big challenges, and experts think blockchain could be the solution.

Saudi Aramco has joined the already sizeable list of oil companies partnered with Vakt, the provider of a blockchain-based trading settlement platform for North...

The president of Venezuela, Nicolas Maduro, has announced that the state-owned PDVSA oil firm will sell 4.5 million barrels of oil for Petros.

A different view of cryptocurrencies post-crisis? ‘‘It was quite profound to see Bitcoin acting as a clear safe haven.”

As tensions between Iran and the U.S. continue to escalate, more and more Iranians seem to be turning toward crypto and BTC.

United States-based cryptocurrency brokerage BitOoda has secured $7 million in funding from investors including former senior investment exec at JPMorgan.

The Oil & Gas Blockchain Consortium successfully piloted a blockchain-based system for Authorization for Expenditure.

Nicolas Maduro said that national oil inventories are ready for immediate commercialization to serve as backing for the Petro.

Ripple Labs comes under renewed criticism for its allegedly misleading representations that it “discovered” — rather than created — the XRP token.

Fuel purchases at United Petrol stations to feature a 20% payback in INCNT tokens by Australian startup Incent.

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.