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Russia's energy chief says it would accept Bitcoin for oil and gas
25.3.2022
The heavily-sanctioned country is scrambling to find ways to increase its revenue and has floated the possibility of allowing China and Turkey to pay for energy in Bitcoin
Exxon Mobil is using excess natural gas to power crypto mining: Report
24.3.2022
The oil and gas giant launched the pilot program in January 2021 and is now reportedly considering expanding it to Nigeria, Argentina, Guyana, and Germany
Stranded no more? Bitcoin miners could help solve Big Oil's gas problem
18.3.2022
Can Bitcoin mining be part of the solution for greenhouse emissions rather than part of the problem?
Global Commodities Skyrocket, Ounce of Gold Nears $2K, Musk Says ‘There’s a Need to Increase Oil and Gas Output’
6.3.2022
While the cryptocurrency prices dropped toward the end of the week, precious metals, energy stocks, and global commodities skyrocketed in value amid the ongoing war in Ukraine. The price of one ounce fine gold is nearing the $2K mark, benchmark coal prices have been surging, aluminum values broke...
Russian officials consider proposal to mine Bitcoin with associated gas
20.10.2021
Russian authorities continue to show increasing interest in cryptocurrencies as Bitcoin nears a new all-time high
The future of the vast oil and gas industry depends on blockchain
15.10.2021
Innovative oil and gas companies are leveraging blockchain, but the industry as a whole may be slow to adopt the technology
Too early to talk about using crypto for oil trading, says Putin
14.10.2021
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”
Saudi Aramco dismisses 'false and inaccurate' rumors on Bitcoin mining
2.8.2021
Saudi's biggest oil exporter denied claims of involvement in Bitcoin mining activities but continues to bet on blockchain-focused businesses
Gazprom Neft uses blockchain tech to streamline aircraft refueling
1.3.2021
Gazprom Neft’s aviation refueling subsidiary has piloted a blockchain-based refueling payment project to automate and accelerate transactions
Different kind of gas fees — Electrocoin enables crypto petrol payments in Croatia
4.2.2021
One Tifon exec thinks foreign tourists will likely contribute to the development and growth of crypto payments in the country
Injective & AllianceBlock Partner for Oil & Gas Futures
27.1.2021
The oil and gas market trading constitutes a very lucrative industry running into trillion-dollar of business. However, it has been out of the reach for the ecosystem involving decentralized finance (DeFi). Thanks to the partnership between AllianceBlock and Injective Partners, this whole scenario...
Oil and Gas Blockchain Consortium’s Pilot Test Produces Successful Result
3.6.2020
A 10-company oil and gas blockchain consortium saw promising results from its blockchain pilot test for oilfield water-handling
Oil and Gas Consortium Is 1st to Apply DLT to Industry Balloting
18.12.2019
A group of 10 global oil and gas firms like Chevron and Shell sees successful pilot for digitized industry balloting using blockchain
Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin
7.12.2019
Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies...
Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well
17.11.2019
A nascent industry utilizing flared gas to power bitcoin mining units has been developing over the past year or so, in symbiosis with the oil and gas industry in North America. Companies providing services in this promising niche continue to install mobile datacenters at oil wells in the U.S....
Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin
27.9.2019
Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central...
Oil and Gas Giant Pilots New Blockchain Platform From Modex
23.9.2019
Major oil and gas firm pilots Modex’s newly launched blockchain platform
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...