Related Articles
Leaders
Forward article link
Share PDF with colleagues

Energy looks to blockchain for efficiency gains

Distributed ledger technology is key to the next stage in energy management

Energy market participants have long been considered behind the curve in terms of picking up technological advances compared to other industries. Even now, physical oil transactions are settled between fax machines and deliveries of large shipments that have traversed the globe are accompanied by long paper documents. And much has been made of the exploration and production projects that were curtailed in large part thanks to the collapse of the oil price over the past few years; but the tightening of budgets at most energy firms also stretched to research and development initiatives within IT systems. Now, interest has heated up for distributed ledger technology (DLT), with energy companie

Also in this section
Latest licensing rounds
20 July 2018
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Targeting frontier areas in the North Sea
19 July 2018
Latest license round set to unlock stranded reserves
Extending the life of the North Sea
19 July 2018
Oil and gas production is likely to sag in the coming years, but the industry won’t go without a fight