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IIoT AND DIGITAL SOLUTIONS FOR OIL & GAS

07 – 08 June  2017  |   Amsterdam, Netherlands

BP, Shell and Statoil in digital energy commodity trading venture

Posted on 16-11-2017 by GBC
Global oil and gas giants BP, Shell and Statoil will form part of a consortium which will develop a digital platform for energy commodity trading.
The energy majors are joined in the partnership by trading houses Gunvor, Koch Supply & Trading, and Mercuria, and banks ABN Amro, ING and Societe Generale.
The platform they will create will manage physical energy transactions from start to finish.
Currently, energy trading is done via paper contracts. The new platform aims to reduce administrative costs and increase the speed and ease of trading.
Source: https://www.the-eic.com/News/NewsStory/BP-Shell-and-Statoil-in-digital-energy-commodity-trading-venture.aspx?ArticleID=4281&tabid=766

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