PermianChain Technologies has launched blockchain-based OandG trading, investment platform prototype
PermianChain Technologies has launched the prototype of its platform for trading potential oil and gas reserves that have yet to be developed. PermianChain’s blockchain-based approach will make it easier to put a value on reserves before they have been produced, enhancing efficiency and improving understanding of a project’s viability.
...Fugro has enhanced IRM capability with new ROV support vessel
Fugro is set to commence its first project using new multipurpose ROV support vessel, Edda Sun, with mobilization for the IRM contract planned for March 2019.
...Pemex's pipeline blast caused by rampant fuel theft, AMLO increases security, again
Mexico President Andres Manuel Lopez Obrador is doubling down on a controversial strategy to end fuel theft at Petroleos Mexicanos after a pipeline explosion caused by an illegal tap left at least 89 people dead and many injured.
...Locus Bio-Energy hires veteran oil industry executive as CEO
Jon Rogers, a highly respected global oilfield executive who served in senior roles at BP and Clariant, has been named CEO of Locus Bio-Energy Solutions, a disruptive technology company whose unique bio-chemical based production and drilling fluid chemistries are increasing oil production and safety, and attracting top industry talent.
...High Speed Transfers, Damen have agreed to third FCS 2710 vessel
Damen and High Speed Transfers Ltd (HST) have signed a contract for a third FCS 2710 fast crew supply vessel, for delivery in September this year.
...Trading of LNG derivatives to benefit industry
With natural gas demand growing faster than for any other fossil fuel, LNG futures may be finally taking off.
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