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Blockchain in Oil & Gas Conference Wrap Up: Blockchain For Energy Learns, Leads, and Leverages the Digital Energy Future

 

Blockchain For Energy continues to spearhead innovative conversations in emerging technology, shaping the energy industry’s future. Exceeding expectations, The Blockchain in Oil & Gas Conference, produced in partnership with Blockchain For Energy (B4E), was a huge success bringing together the brightest thought leaders and industry giants.

 

“You just don’t get the same results with an all-virtual conference-- as face-to-face networking fosters deeper relationships and helps moves things forward at a faster rate,” said Rebecca Hofmann, President/CEO of Blockchain For Energy.

 

Attendees connected and interacted with the world’s most trusted community of oil and gas blockchain trailblazers--discovering and learning about the latest research, strategies, and case studies.

 

B4E not only helped produce the event, Hofmann and other board members including Chevron’s Raquel Clement, ExxonMobil’s Raj Rapaka, Pioneer Natural Resources’s Rashi Gajula, and JD Franke of ConocoPhillips, held panel discussions, gave thought-provoking presentations, and participated in lively fireside chats.

 

Tapping into the transformative properties of blockchain technology, B4E and its members highlighted opportunities to create industry solution frameworks, reduce costs, improve timelines, and eliminate process disruption.

 

Check out some highlights and big messages from the conference:

  • If you missed it please watch the fantastic presentation by Don Tapscott Co-Founder & Executive Chairman of the Blockchain Research Institute.
     

  • A special thanks goes out to Frank Cassulo, Chief Digital Officer at Chevron for his insights into their digital roadmap.
     

  • Hofmann discussed using blockchain to learn, lead and leverage the digital energy future-- focusing on the competitive advantage for companies to unite and collaborate. She honed in on the benefits of coming together and gaining agreement to move forward toward novel solutions.

 

  • Chevron’s Clement called on leaders to reach an industry agreement on revolutionary blockchain technology, so companies can harness more efficient systems.

 

  • As ConocoPhillips blockchain program, Franke stated that Blockchain For Energy promotes a smarter way to work. High praise coming from the IT Strategy and Innovation expert who helps move the energy titan’s digital transformation forward.

 

  • Blockchain for Energy also highlighted four projects championed among members.

    • ConocoPhillips on Integrating Joint Venture Management that will deliver lower overhead costs and greater transparency.

    • REPSOL on Seismic Data Management that will offer businesses automated digital rights ownership for seismic data.

    • Pioneer Natural Resources on Water and Chemical Transport with improved operational efficiency and safety.

    • Praising industry collaboration, members discussed their latest efforts on an ESG program.

 

This year’s in-person event is the only blockchain conference specifically focused on Blockchain in oil and gas.

 

B4E would like to acknowledge and thank its board members. Without their exceptional leadership through the pandemic, our incredible accomplishments would not have been possible.

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Press Release: B4E Commences First Smart Contracts R&D Program

Blockchain For Energy Commences First Industry Smart Contracts Research & Development Program. Exciting New R&D Program Allows Blockchain For Energy Members to Test Multiple Blockchain Solutions Before Implementation.

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Press Release: BlockApps and Blockchain For Energy Developing Blockchain-Based Seismic Entitlement Platform.

BlockApps, the leading enterprise blockchain platform provider, today announced its latest engagement with Houston-based energy consortium Blockchain For Energy.

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Press Release: Energy Services Giant Worley Joins Blockchain For Energy

Worley becomes Blockchain For Energy’s first official oilfield vendor and supplier member. This new membership secures Worley as the first official oilfield vendor and supplier member to join the consortium and hold a board seat. 

Coming Soon: Environmental, Social & Governance Use Case

Check back soon to read about our latest Environmental, Social, and Governance Use Case. ESG, or sustainability, refers to corporate activities that would maintain or enhance the ability to create value over the long-term.

COMING SOON!

Blockchain for Energy
Blockchain for Energy Relaunches With a New Global Brand in an Evolution to Better Support Its Members

HOUSTON--(BUSINESS WIRE)--Blockchain for Energy, formerly the OOC Oil & Gas Blockchain Consortium, has launched with a new name and brand to be better positioned to meet its members’ needs. While sporting a new look and name may seem like it brings different offerings, the consortium
still offers the same aspirations and objectives for the energy industry.

Blockchain for Energy New Affiliates

June 9, 2020

HOUSTON--(BUSINESS WIRE)--(OOC) Oil & Gas Blockchain Consortium today announced the establishment of new affiliate relationships as it continues to mature its blockchain journey.  These affiliate organizations will help catapult and fortify the consortium’s understanding of the technology and its application, and ultimately ensure delivery of robust guidelines, frameworks, and production-ready solutions to bring near- and long-term value to the industry.

READ FULL STORY HERE...

Blockchain for Energy Water Haulage Pilot

June 3, 2020

HOUSTON--(BUSINESS WIRE)--(OOC) Oil & Gas Blockchain Consortium today announced the successful completion of its first pilot leveraging blockchain technology.  The pilot, developed in partnership with Data Gumbo utilizing its GumboNet™ blockchain network, proved a platform for automating produced water haulage from field reading to invoice payment.

READ FULL STORY HERE...

CIO Review

(CIO Review) -- Blockchain is more than a technology, it is providing a venue to culturally change how we work with our partners, suppliers, vendors and regulatory agencies to improve efficiency and profitability. Due to impending digital revolution, we know the way we do business is changing and managing that change within our companies is not easy. Blockchain, working in conjunction with other technologies, is an enabler to help with acceptance of the digital transformation companies are going through.

READ FULL STORY HERE...

AFE Balloting Process

December 18, 2019

HOUSTON – The OOC Oil & Gas Blockchain Consortium today announced that it has engaged with GuildOne to successfully test the industry’s first blockchain application for Authorization for Expenditure (AFE) balloting.

READ FULL STORY HERE...

Journal of Petroleum Technology

September 23, 2019

(Journal of Petroleum Engineers) -- About 16 people can end up touching the paperwork required to move a truckload of water from a well in the Bakken to a salt-water disposal site.

Rebecca Hofmann hopes to slash that total to zero as chairman of the Oil and Gas Blockchain Consortium. The 10-member industry group, including her employer Equinor, will be pilot testing a system built to automate tracking, cost accounting, and payments for oilfield shipments.

READ FULL STORY HERE...

GuildOne AFE Balloting Contract

HOUSTON--(BUSINESS WIRE)-- A group of oil and gas companies have partnered to establish the first industry blockchain consortium in the United States. With several use cases across the industry value chain, the consortium, residing under the Offshore Operators Committee (OOC), intends to conduct proofs of concept with this emerging technology in 2019.

READ FULL STORY HERE...

Data Gumbo Contract

September 12, 2019

HOUSTON--(BUSINESS WIRE)--Data Gumbo Corp., a Houston-based technology company that has developed the blockchain-as-a-service (BaaS) platform GumboNet™ to streamline smart contracts for oil & gas, today announced that the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium has awarded the company its first contract to implement a pilot blockchain in water haulage.

READ FULL STORY HERE...

Blockchain for Energy Benefits

August 7, 2019

HOUSTON--(CIO APPLICATIONS)--Rebecca Hofmann-- Blockchain technology has been around for over ten years, looking beyond Bitcoin, companies are wondering could this technology be the answer to creating a more seamless and integrated way of doing business.

READ FULL STORY HERE...

Blockchain for Energy

HOUSTON--(BUSINESS WIRE)-- A group of oil and gas companies have partnered to establish the first industry blockchain consortium in the United States. With several use cases across the industry value chain, the consortium, residing under the Offshore Operators Committee (OOC), intends to conduct proofs of concept with this emerging technology in 2019.

READ FULL STORY HERE...