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VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, has announced investment from three new strategic investors: Chevron, Total and Reliance Industries, who will also become early users of VAKT’s blockchain-enabled platform.
Santos is all set to convert the beam pumps on its oil wells in the Cooper Basin in South Australia and Queensland to solar and battery power in a move to cut down emissions from oil production.
Siemens and Aker Solutions have entered into a collaboration to further develop digital offerings in engineering, operations and services.
Miros Group has secured a contract set to supply eight Oil Spill Detection (OSD) systems to Brazilian oil major Petrobras.
PermianChain Technologies is introducing the Permian Token (XPR), a crypto asset-class that will underpin holding rights to the value of potential but undeveloped oil and gas reserves.
Fluor is set to use IBM Watson’s artificial intelligence-based systems to predict, monitor and measure the status of engineering, procurement, fabrication and construction (EPC) megaprojects from inception through completion.
Gazprom Neft and China National Petroleum Corporation (CNPC) have entered into a technical partnership at the Eastern Economic Forum to develop enhanced oil recovery technologies.
DNV GL has rolled out a new digital hub, called Digital Consulting and Smart Cities, in Singapore, aimed at digitizing oil and gas, maritime and energy sectors.
Canadian firm Petroteq Energy is using a groundbreaking, environmentally benign extraction process to unlock the estimated 14 to 15 billion barrels of oil sands reserves in the Utah desert.
BP has deployed cloud-based advanced analytics solution Plant Operations Advisor (POA) across all four of its operated production platforms in the deepwater Gulf of Mexico.
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