Consortium in the News
June 3, 2020
OOC Oil & Gas Blockchain Consortium Announces Successful Completion of Produced Water Haulage Pilot Leveraging Blockchain Technology
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.
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.
OOC Oil & Gas Blockchain Consortium Succesfully Tests Digitizing the AFE Balloting Process Leveraging Blockchain Technology
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.
(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.
Testing a System Where Machines Decide How Much to Pay a Trucker and Send a Check" by the Journal of Petroleum Technology
(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.
CALGARY, Alberta, Sept. 18, 2019 (GLOBE NEWSWIRE) -- Calgary-based GuildOne Inc. (GuildOne) has been awarded a contract from the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium to deploy and demonstrate a proof-of-concept (PoC) blockchain solution for authorization for expenditure (AFE) balloting. AFE balloting is a commonly used tool for garnering approval and participation in capital projects that are governed by joint operating agreements (JOA).
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.
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.
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.