OIL

Bitcoin Down as Saudi Attack Raises Fears of Economic Crisis

Bitcoin was trading in negative territory on Tuesday as attacks on Saudi Arabia’s crude oil processing facilities weighed on the…

Bitcoin Mum despite Saudi Attack Raising Demand for Haven Assets

Bitcoin appeared stuck in a price-range on Monday as attacks on Saudi Arabia’s oil facilities raised concerns over global energy…

Oil Giants Hire Blockchain Startup to Manage Water in Bakken Fields

A consortium of oil companies including Exxon Mobil, Chevron and Royal Dutch Shell looks to blockchain to manage water used…

Report: Shell and Sinochem Discuss Blockchain Platform for Crude Oil

A subsidiary of Chinese oil and chemical giant Sinochem Group is reportedly in discussions regarding a blockchain platform with Royal…

Water Management Firm to Use Data Gumbo’s Services for Efficiency

Austin-based Antelope Water Management has announced that it is going to start using a blockchain platform developed by Data Gumbo. …

Standard Chartered Makes Letter of Credit Transaction Using Blockchain

London-based bank and financial services firm Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the…

Standard Chartered Completes First Transaction on Oil Industry Blockchain Platform Voltron

Standard Chartered Bank has announced the successful completion of the first international letter of credit (LC) transaction on the oil…

Oil Markets Could Save 30% With Blockchain, Data Gumbo CEO Says

Global oil operators can save at least 30% by using blockchain in their infrastructure, according to data by blockchain startup…

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…

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