Articles from Data Gumbo

Data Gumbo, the leading industrial smart contract solution provider, today announced that Equinor (OSE: EQNR, NYSE: EQNR) has implemented Data Gumbo’s smart contract platform to automatically calculate and execute payments for Integrated Drilling and Well Services (IDWS) Day Rates for Johan Sverdrup and Troll assets. Data Gumbo’s smart contract network, GumboNet™, enables the company to automate payments under their existing natural language contract using Industrial Internet of Things (IIoT) data from Equinor and 3rd party logistics systems.

Data Gumbo, the leading industrial smart contract solution provider, announced today that the International Association of Drilling Contractors (IADC) has certified its smart contract offering which aims to improve drilling industry performance by drastically reducing time spent on back-office administrative tasks—freeing more time for ensuring rigs are executing operations safely and efficiently.

Data Gumbo, the leading smart contract solution provider, announced today the closing of $4M in Series C equity funding co-led by Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco, and Equinor Technology Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator.

Data Gumbo, the industrial smart contract network company, today announced that GumboNet ESG has received an honorable mention in the software category of Fast Company’s 2022 World Changing Ideas Awards celebrating innovative initiatives and other creative endeavors that support the growth of positive innovation in the face of climate change and public health crises.

Data Gumbo, the industrial smart contract network company, today announced that it has signed a contract with Equinor (OSE: EQNR, NYSE: EQNR). GumboNet™ enables transactional certainty with Equinor’s portfolio of service providers across the energy leader’s drilling and well services (IDWS) category, beginning with rollouts in the Norwegian Continental Shelf. The frame agreement provides the basis for company-wide application within Equinor for all relevant contract categories.

Data Gumbo, the industrial smart contract network company, today announced that it has been named as the Oil and Gas Start Up Company of the Year at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) Awards Gala — the largest annual oil and gas awards event in the Middle East. ​​

Data Gumbo, the industrial smart contract network company, today announced successful completion of the SOC 1 Type 2 audit examination of its blockchain. The SOC 1 report focuses on a service organization’s controls likely to be relevant to an audit of a customer’s financial statements. Data Gumbo retained Grant Thornton, one of the world’s leading organizations of independent audit, tax, and advisory firms, to perform its SOC 1 Type 1 work in 2019 and returned to the company for the execution of its SOC 1 Type 2 audit.

Data Gumbo, the industrial smart contract network company, today announced that Exceed Norge, the Norwegian subsidiary of Exceed Energy — the world’s largest independent well management company, has adopted GumboNet to deploy smart contracts across the large and complex oil and gas projects it manages on behalf of its energy operators and their vendors.

Data Gumbo, provider of GumboNet™ — the massively interconnected industrial smart contract network secured and powered by blockchain, today announced a partnership with Topl, the company that has built the public-permissionless Topl Blockchain, to offer global companies a private-public blockchain solution for Environmental, Social and Governance (ESG) reporting. The layered integration of the companies’ offerings yields public-facing, accurate and immutable reports for companies wishing to showcase evidence-based progress on ESG metrics to outside audiences and broader key stakeholders, including public analysts, investors, governments and other interested parties.

Data Gumbo, provider of GumboNet™ — the massively interconnected industrial smart contract network secured and powered by blockchain, today announced that Well Expertise, the well management company providing plug and abandonment (P&A), exploration, appraisal and development planning, in addition to operational support, software, environmental and other sustainable resources, has adopted GumboNet™. As the first well management company to globally deploy smart contracts across its well portfolio for frame agreements and well contracts with Wellesley Petroleum, Well Expertise will leverage GumboNet to improve workflow processes, automate invoicing and payments between the two parties, and aid in real-time operational cost control.

Data Gumbo, provider of GumboNet™ — the massively interconnected industrial smart contract network secured and powered by blockchain, today announced that it has been recognized by Deep Analysis, an analyst and advisory firm with over 25 years of experience in the IT industry, with a 2021 Innovation Index Award for blockchain.

Data Gumbo, provider of GumboNet™ — the massively interconnected industrial smart contract network secured and powered by blockchain, today announced the completion of a successful pilot to automate production chemical delivery with a Texas-based hydrocarbon exploration company and a multinational chemical company. The results of capturing and leveraging chemical data at various points along the path of delivery included the elimination of transactional inefficiencies, decreased costs of doing business such as manual administrative burdens, and real-time lease operating expense (LOE) visibility into cash flow.

Data Gumbo, provider of GumboNet™ — the massively interconnected industrial smart contract network secured and powered by blockchain, today announced that it has closed its Series B funding round totaling $7.7 million with follow-on investments led by Equinor Ventures, the corporate venture capital arm of Equinor, with participation from Saudi Aramco Energy Ventures, the corporate venture capital fund of Saudi Aramco, and Bay Area and Houston-based venture firm L37.

Data Gumbo, provider of GumboNet™ — the massively interconnected industrial smart contract network secured and powered by blockchain, today announced that it expanded its executive team with the addition of Robin Macmillan as Chief Corporate Development Officer to lead the Corporate Development team.