Tag Archives: BP

[ad_1] WWith Covid-19 cases on the rise across much of the developed world, it’s a bold plea to say the worst of the pandemic is over. This, however, is the view of HSBC, Europe’s largest bank, which has cut its bad loan provisions and said it is considering resuming dividend …

[ad_1] After decades of extracting fossil fuels from the UK’s North Sea, a consortium of oil companies is gearing up to pump Britain’s greenhouse gas emissions under the seabed to help meet the government’s climate ambitions. BP has established plans to lead an alliance of energy companies in removing carbon …

[ad_1] BP p.l.c. (LON: BP) ANALYSIS OF PERFORMANCES IN FOCUS: Monitoring of the control of profitability, of the profit margin of the company registered at 2.99% and of the operating margin recorded at 5.44%. The company maintained a gross margin of 12.97%. The Company has been able to maintain the …

[ad_2][ad_1] London-based Vakt oil trading blockchain platform went online this week, Reuters said, with Shell and BP among the first to start using the platform. Reuters reports that Vakt will be restricted to "contracts for the five rough grades of the North Sea that are used to set up the …

[ad_2][ad_1] Shell and BP are now using a blockchain-based trading platform for crude oil, which they hope will solve commercial and regulatory inefficiencies. Shell & BP Hope Blockchain will solve inefficiencies Vakt is the first on the market of several pilot projects that have been under development, such as Bitcoinist …

[ad_2][ad_1] A blockchain-based oil trading platform dubbed the Vakt and developed by a consortium involving BP and Shell began operating this week, Reuters reports, citing the consortium. The goal is to exploit the potential of distributed ledger technology for low cost, non-intermediate but secure transactions. The news of the platform …

[ad_2][ad_1] Post-Sales Management Platform VAKT launched its blockchain-based processing tool to an initial group of oil industry customers, a press release dated 29 November. VAKT, which uses JPMorgan's Quorum blockchain technology for execution, was distributed to the raw BFOET participants. The press release reports that the energy giants BP, Equinor, …

[ad_2][ad_1] The secular and paper-based trading process of the oil and gas industry is reviewed, courtesy of the blockchain and an industrial consortium including Shell, BP, ABN Amro, ING and Société Générale. The world's leading energy producers and banks joined forces at the start of this month and today launched …

[ad_2][ad_1] A blockchain platform built by Vakt Global, a consortium of major companies including Shell and BP, has been launched to bring new efficiencies to the trade in energy commodities. According to a Tweet On Thursday, the platform is ready to facilitate the trade in crude oil among the companies …