bitcoin

The two companies have agreed to consider working together on digital assets and semiconductors.

Also: A report says Bitcoin mining could ease emissions. Haliburton is accelerating its clean-energy efforts, while insurer Chubb cracks down on methane. ExxonMobil and Linde team up in Texas. Shell plans to limit CO2 emissions in Dutch plants, and Drax presses pause on bioenergy in the UK.

Cryptocurrency is not the only game in town when it comes to using natural gas at the wellhead to reduce flaring. There are self-driving cars, the coming “metaverse,” language processing, chat bots, and more, all of which require advanced computing and a lot of energy. The demand is driving an expansion of services for Crusoe Energy.

The oil giant launched its Bakken crypto pilot in January 2021 and now is considering expanding it to Nigeria, Argentina, Guyana, and Germany, according to people familiar with the matter.

The owner of a hydroelectric power plant has created a cottage industry for local crypto miners in Costa Rica where electricity is in surplus and the power that is produced is all green.

Innovative oil and gas companies are leveraging blockchain, but the industry as a whole may be slow to adopt the technology.

A group of oil and gas executives and bitcoin miners mingled in a warehouse in Houston recently. One big topic of discussion: using stranded natural gas to power bitcoin mining rigs, which both reduces greenhouse-gas emissions and makes money for the gas providers, as well as the miners.

Data center company Crusoe Energy Systems is sounding out investor interest in a potential debt deal that would help grow the firm’s Bitcoin mining business, according to people with knowledge of the mater.

Russia flares more associated gas from oil production than any other country on the planet. But Russian major Gazprom Neft may have found an ecofriendly alternative: turning flare gas in West Siberia into electricity to fuel the mining of cryptocurrency.

A blockchain pilot program conducted by an oil and gas consortium has shown promise in automating payments for oilfield water handling.