Tagged: oil

Oil Prices Rise, Might Force Central Banks to Keep Interest Rates Higher for Longer, Says Fintech Industry Professional

Surging oil prices are likely to mean higher interest rates “for longer as the price rally adds to inflationary pressures,” warns the CEO of an independent financial advisory, asset management and fintech organization. The warning from deVere Group’s Nigel Green comes as the price of… Read More

Chainlink Explains how Secure, Up-to-Date Data Feeds are Now Centerpiece of Many Financial Applications

Chainlink notes in a blog post that “secure, up-to-date” price data is the “centerpiece” of many financial applications. This data is regularly used to initiate transactions and “derive” various other instruments and products, particularly in decentralized finance (DeFi) protocols, Chainlink explained. The decentralized Oracle network… Read More

Fintech Unicorn SoFi Discusses how Longest Bull Market in History Ended in 2020 in its End of Year Update

Fintech Unicorn SoFi notes in its end of year review that we just experienced the “longest bull market run in history.” The SoFi team states that 2020 has been quite a memorable year. During these unprecedented times, due to the COVID-19 outbreak, industries have been… Read More

VC Division of World’s Most Profitable Firm Saudi Aramco Invests $5 Million in Blockchain-based Oil Trading Platform, Vakt

The venture capital division of the most profitable firm in the world, Saudi Aramco, has reportedly invested $5 million in a blockchain-enabled oil trading platform, called Vakt. Vakt’s management confirmed the news on January 28, noting that Saudi Aramco Energy Ventures is now among its… Read More

Nicolás Maduro, President of Venezuela, Says Country will Sell Oil and Gold for Petro Cryptocurrency

Nicolás Maduro, president of Venezuela, a country suffering from record levels of hyperinflation and rampant corruption, says that the South American nation will be selling oil and part of its gold it produces for Petro, the highly controversial national digital currency. In statements shared with… Read More

Standard Chartered Completes Cross-Border Letter of Credit Blockchain Transaction With Oil Company PTT Group

Standard Chartered Bank announced on Wednesday it has successfully executed a pilot transaction for PTT Group, PTT International Trading Pte Ltd and IRPC Public Company Limited. Standard Chartered reported that due to the significant cargo value, oil companies are often reliant on Letters of Credit… Read More

EnergyFunders Announces Plans For Upcoming Blockchain Technology Platform

EnergyFunders, an online marketplace connecting investors to oil and gas projects, announced on Friday it will unveil its very own version of a blockchain technology platform by the end of February 2018, with a later planned secondary market. According to EnergyFunders, the new blockchain technology is claimed to be the… Read More

Crudefunders Announcement: Aquinas TL Smith #25 Oil Well Goes Into Production

Oil and gas crowdfunding platform Crudefunders announced on Friday that the Aquinas TL Smith #25 Well, which was successfully funded last fall, went into production on March 30th. The funding portal now boasts the project as being America’s first Reg CF oil well. As previously reported, the… Read More

EnergyFunders Secures More Than $500,000 For Two Texas-Based Projects in Under Two Months

EnergyFunders, an online marketplace connecting investors to oil and gas projects, announced on Tuesday it has closed two projects in Texas that have secured more than $500,000 in less than two months through equity crowdfunding. In November 2015, EnergyFunders officially launched as what it claims to be… Read More

Brief: Fortress Signs Reg. CE Equity Crowdfunding Agreement With ROKY Oil Services Investment Services For $5M Oil & Gas Campaign

Fortress Environmental Holdings announced today that it has signed a definitive equity crowdfunding agreement with ROKY Oil Services Investments to launch a $5 million oil and gas fundraising campaign, according to a recent press release. The Reg. CE crowdfunding campaign will raise the startup capital needed to complete… Read More

Ascenergy Nears $6M Crowdfunding Goal on Crowdfunder: Aiming to Disrupt Big Oil

With its elevator pitch of “Disrupting Big Oil: Crowdfunders get monthly guaranteed returns with equity upside,” Ascenergy has tapped into the crowd for its Crowdfunder campaign.  Seeking to raise $6M by 30 June 2015, the company has already raised  over $5,670,000, or 95% of its goal.   Investments $25,000… Read More

Brief: New Equity Crowdfunding Platform Crudefunders Launches; Set to Offer Texans Oil Wells & Gas Products

Houston-based Crudefunders recently debuted its crowdfunding platform that offers Texans a chance to own some of the state’s oil wells. It has become the first out of two funding portals to be approved by the Texas State Securities Board. According to Dallas Business Journal, Crudefunders Portal… Read More

Texas Family Crowdfunding Appeal To Stop Keystone XL Pipeline On Their Farm

TransCanada and its American subsidiary, Keystone, are in the midst of seeking approval for a new pipeline to run from Alberta’s tar sands to refineries on the Gulf Coast. Called the Keystone XL pipeline, it is a highly controversial project that has its passionate supporters… Read More

Crowdfunding Oil & Gas: eOilBoom

Texas based eOilboom, the first crowdfunding platform for the oil and gas industry has officially launched their site for accredited investors.  The crowdfunding site enables multiple buyers to purchase a single property and receive their direct proportionate share of the ownership.  eOilBoom.com’s proprietary and patented pending… Read More

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